Goodyear Tire & Rubber Co (NASDAQ:GT) Q3 2022 Earnings Conference Call November 1, 2022 8:00 AM ET

Company Participants

Richard Kramer - Chairman, CEO & President

Darren Wells - EVP & CFO

Conference Call Participants

Rod Lache - Wolfe Research

Emmanuel Rosner - Deutsche Bank

James Picariello - BNP

Itay Michaeli - Citigroup

Operator

Good morning. My name is Nicky, and I will be your conference operator today.

At this time, I would like to welcome everyone to Goodyear's Third Quarter 2022 Earnings Call. [Operator Instructions].

Today on the call, we have Rich Kramer, Goodyear's Chairman and CEO; Darren Wells, CFO; and Christina Zamarro, VP, Finance and Treasurer. During this call, Goodyear, we'll refer to forward-looking statements and non-GAAP financial measures. Forward-looking statements involve risks, assumptions and uncertainties that could cause actual results to differ materially from those forward-looking statements. For more information on the most significant factors that could affect future results, please refer to the important disclosures section of Goodyear's Third Quarter 2022 Investor letter and their filings with the SEC, which can be found on their website at investor.goodyear.com, where a replay of this call will also be available.

A reconciliation of the non-GAAP financial measures that may be discussed on today's call to the comparable GAAP measures is also included in the investor letter.

I will now turn the call over to Rich Kramer, Chairman and CEO.

Richard Kramer

We released our third quarter results. Okay. All right. We'll go back. We'll say again. Thanks, Nicky. Again, good morning, everyone, and thanks for joining us. Now yesterday, you saw that we released our third quarter results after the market closed in a new updated format. We're always looking for ways we can enhance our process and that has led us to introducing our first-ever quarterly investor letter. It replaces our typical press release, slides and prepared remarks and puts all that information in 1 place, so we can focus on your questions during our conference call. So thanks again for joining our call today. And with that, let's open up the line and have some questions.

Question-and-Answer Session

Operator

[Operator Instructions]. And we will take our first question from Rod Lache with Wolfe Research.

Rod Lache

Just wanted to ask a couple of things about pricing and competitiveness. Just -- I understand that from your release that your view is the weakness is at least in part of inventory correction. But you were also taking a bit of downtime to prevent an inventory build. And just in light of that, can you just maybe give us some color on what you're seeing with regard to price discipline?