DOW
Q3 2022 Earnings Call
Oct 20, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and welcome to Dow's third quarter 22 earnings call. Please note this call is being recorded, and for the duration of the call, your lines will be in listen mode only. [Operator instructions] I will now hand over to Pankaj Gupta, investor relations vice president.
Pankaj Gupta -- Vice President, Investor Relations
Good morning. Thank you for joining Dow's third-quarter earnings call. This call is available via webcast and we have prepared slides to supplement our comments today. They are posted on the Investor Relations section of Dow's website and through the link to our webcast.
I am Pankaj Gupta, Dow's Investor Relations vice president. And joining me today on the call are Jim Fitterling, Dow's chairman and chief executive officer; and Howard Ungerleider, president and chief financial officer. Please read the forward-looking statement disclaimer contained in the earnings news release and slides. During our call, we will make forward-looking statements regarding our expectations or predictions about the future.
Because these statements are based on current assumptions and factors that involve risks and uncertainties, our actual performance and results may differ materially from our forward-looking statements. Dow's forms 10-Q and 10-K include detailed discussions of principal risks and uncertainties which may cause those differences. Unless otherwise specified all financials were applicable exclude significant items, we will also refer to non-GAAP measures. In a conciliation of the most directly comparable GAAP financial measure, and other associated disclosures is contained in the Dow earnings release in the slides to supplement our comments today, as well as on the Dow website.
On Slide 2 you will see our agenda for the call. Jim will begin by reviewing our third-quarter results and operating segment performance. Howard will then share our outlook and modeling guidance. And then to close, Jim will discuss how our actions and long-term strategic priorities enable us to deliver value growth in a dynamic environment.
Following that, we will take your questions. Now let me turn the call over to Jim.
Jim Fitterling -- Chairman and Chief Executive Officer
Thank you, Pankaj. Beginning on Slide 3. In the third quarter, team Dow continued to proactively navigate higher energy costs and geopolitical uncertainties that are impacting consumer demand, particularly in Europe. As macroeconomic conditions began to erode in the quarter, we responded quickly by implementing a set of actions to prioritize resources toward higher return products, aligning production rates to supply chain and logistics constraints, as well as demand, and reduce operational costs across the enterprise.