Eastman Chemical Company (EMN) Q1 2023 Earnings Call Transcript

Eastman Chemical Company (NYSE:EMN) Q1 2023 Results Conference Call April 28, 2023 8:00 AM ET

Company Participants

Greg Riddle - IR

Mark Costa - CEO

William McLain - CFO

Conference Call Participants

David Begleiter - Deutsche Bank

Vincent Andrews - Morgan Stanley

Josh Spector - UBS

Jeff Zekauskas - JPMorgan

Aleksey Yefremov - KeyBanc Capital Markets

Michael Leithead - Barclays

Matthew DeYoe - Bank of America

Kevin McCarthy - Vertical Research Partners, LLC

Michael Sison - Wells Fargo

Arun Viswanathan - RBC Capital Markets

John Roberts - Credit Suisse

Operator

Good day, everyone, and welcome to the First Quarter 2023 Eastman Conference Call. Today's conference is being recorded. This call is being broadcast live on the Eastman website, www.eastman.com.

We will now turn the call over to Mr. Greg Riddle of Eastman Chemical Company, Investor Relations. Please go ahead, sir.

Greg Riddle

Thanks, Brenda, and good morning, everyone, and thanks for joining us. On the call with me today are Mark Costa, Board Chair and CEO; Willie McLain, Senior Vice President and CFO; and Jake LaRoe, Manager, Investor Relations.

Yesterday, after market closed, we posted our first quarter 2023 financial results news release and SEC 8-K filing. Our slides and the related prepared remarks in the Investors section of our website, eastman.com.

Before we begin, I'll cover two items. First, during this presentation, you will hear certain forward-looking statements concerning our plans and expectations. Actual events or results could differ materially. Certain factors related to future expectations are or will be detailed in our first quarter 2023 financial results news release.

During this call, in the preceding slides and prepared remarks and in our filings with the Securities and Exchange Commission, including the Form 10-K filed for full year 2022 and the Form 10-Q to be filed for first quarter of 2023.

Second, earnings referenced in this presentation exclude certain noncore and unusual items. Reconciliations to the most directly comparable GAAP financial measures and other associated disclosures, including a description of the excluded and adjusted items, are available in the first quarter 2023 financial results news release.

As we posted the slides and accompanying prepared remarks on our website last night, we'll go straight into questions.

Brenda, please let's start with our first question.

Question-and-Answer Session

Operator

Our first question comes from the line of David Begleiter of Deutsche Bank.

David Begleiter