Eastman Chemical Company (EMN) Q3 2022 Earnings Call Transcript

Eastman Chemical Company (NYSE:EMN) Q3 2022 Earnings Conference Call October 28, 2022 8:00 AM ET

Company Participants

Greg Riddle - Investor Relations

Mark Costa - Board Chair & Chief Executive Officer

Willie McLain - Senior Vice President & Chief Financial Officer

Jake LaRoe - Manager, Investor Relations

Conference Call Participants

Vincent Andrews - Morgan Stanley

David Begleiter - Deutsche Bank

Jeff Zekauskas - JPMorgan Chase

Duffy Fischer - Goldman Sachs

Frank Mitsch - Fermium Research

Matthew DeYoe - Bank of America

Aleksey Yefremov - KeyBanc Capital Markets

P.J. Juvekar - Citi

Laurence Alexander - Jefferies

Kevin McCarthy - VRP

John Roberts - Credit Suisse

Operator

Good day, everyone and welcome to the Third Quarter 2022 Eastman Chemical 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

Thank you, Maxine. 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 third quarter 2022 financial results news release and SEC 8-K filing, our slides and the related prepared remarks in the Investors section of our website on www.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 third quarter 2022 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 2021 and the Form 10-Q to be filed for third quarter 2022.

Second, earnings referenced in this presentation exclude certain non-core 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 third quarter 2022 financial results news release.

As we posted the slides and accompanying prepared remarks on our website last night, we will now go straight into Q&A. Maxine, please let’s start with our first question.