Dow
Q4 2022 Earnings Call
Jan 26, 2023, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
2022 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.
I will now turn it over to Dow investor relations vice president, Pankaj Gupta. Mr. Gupta, you may begin.
Pankaj Gupta -- Vice President, Investor Relations
Good morning. Thank you for joining Dow's fourth-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'm Pankaj Gupta, Dow 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 such differences. Unless otherwise specified, all financials where applicable exclude significant items. We will also refer to non-GAAP measures.
A reconciliation of the most directly comparable GAAP financial measure, and other associated disclosures as contained in the Dow earnings release, in the slides that supplement our comments today, as well as on the Dow website. On Slide 2, you will see the agenda for our call. Jim will begin by reviewing our fourth-quarter results and operating segment performance. Howard will then share our outlook and modeling guidance.
And to close, Jim will then outline our competitive position for long-term value creation. 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 fourth quarter, Team Dow continued to take proactive actions to navigate slower GDP growth, challenging energy markets and customer destocking. We proactively lowered our operating rates to effectively manage working capital, implemented operational mitigation plans and cost saving measures, and prioritized higher-value products where demand remained resilient, including in functional polymers and performance silicones, as well as in mobility, renewable energy, and pharma end markets.