Celanese Corporation (NYSE:CE) Q4 2023 Earnings Conference Call February 21, 2024 10:00 AM ET

Company Participants

Brandon Ayache - Vice President of Investor Relations

Lori Ryerkerk - Chairman of the Board and Chief Executive Officer

Scott Richardson - Chief Operating Officer

Chuck Kyrish - Chief Financial Officer

Conference Call Participants

Joshua Spector - UBS

Kevin McCarthy - Vertical Research Partners

Jeffrey Zekauskas - JPMorgan

Michael Sison - Wells Fargo

Ghansham Panjabi - Robert W. Baird

Ryan Weis - KeyBanc Capital Markets

Frank Mitsch - Fermium Research

David Begleiter - Deutsche Bank

Arun Viswanathan - RBC Capital Markets

Hassan Ahmed - Alembic Global

Laurence Alexander - Jefferies

Salvator Tiano - BofA Securities

Matthew Blair - Tudor, Pickering, Holt

John Roberts - Mizuho

Jaideep Pandya - On Field Investment Research

Patrick Cunningham - Citigroup

Operator

Hello, and welcome to the Celanese Q4 2023 Earnings Call and Webcast. [Operator Instructions]. As a reminder, this conference is being recorded.

It's now my pleasure to turn the call over to Brandon Ayache, Vice President, Investor Relations. Please go ahead, Brandon.

Brandon Ayache

Thanks, Kevin. Welcome to the Celanese Corporation fourth quarter 2023 earnings conference call. My name is Brandon Ayache, Vice President of Investor Relations. And with me today on the call are Lori Ryerkerk, Chairman of the Board and Chief Executive Officer; Scott Richardson, Chief Operating Officer; and Chuck Kyrish, Chief Financial Officer.

Celanese distributed its fourth quarter earnings release via Business Wire and posted prepared comments on our Investor Relations website yesterday afternoon.

As a reminder, we'll discuss non-GAAP financial measures today. You can find definitions of these measures as well as reconciliations to the comparable GAAP measures on our website. Today's presentation will also include forward-looking statements. Please review the cautionary language regarding forward-looking statements which can be found at the end of both the press release and the prepared comments. Form 8-K reports containing all these materials have also been submitted to the SEC.

With that, Kevin, let's go ahead and open it up for questions.

Question-and-Answer Session

Operator

[Operator Instructions]. Our first question today is from Josh Spector from UBS.

Joshua Spector

I was wondering if you could talk about your expectations for the M&M business in 2024 and kind of both near term and longer term. So in the first quarter, you seem to call out some improvement. I'm not really sure if that's an assumption of market improvement or price cost improvement in earnings. So I wanted to clarify that.