Eastman Chemical Company (EMN) CEO Mark Costa on Q2 2022 Results - Earnings Call Transcript

Eastman Chemical Company (NYSE:EMN) Q2 2022 Earnings Conference Call July 29, 2022 8:00 AM ET

Company Participants

Greg Riddle - Investor Relations

Mark Costa - Board Chair and Chief Executive Officer

Willie McLain - Senior Vice President and Chief Financial Officer

Jake LaRoe - Manager, Investor Relations

Conference Call Participants

Aleksey Yefremov - KeyBanc

John Roberts - Credit Suisse

Josh Spector - UBS

David Begleiter - Deutsche Bank

Jeff Zekauskas - JPMorgan

Vincent Andrews - Morgan Stanley

Mike Tyson - Barclays

Michael Sison - Wells Fargo

Kevin McCarthy - Vertical Research Partners

Duffy Fischer - Goldman Sachs

P.J. Juvekar - Citi

Matthew DeYoe - Bank of America

Dan Rizzo - Jefferies

Operator

Good day, everyone and welcome to the Second Quarter 2022 Eastman Chemical Conference Call. Today’s conference is being recorded. This call is broadcast live on the Eastman’s website, www.eastman.com.

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

Greg Riddle

Thank you, Tracy. 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 second 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, 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 second 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 second 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 second 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. Tracy, please let’s start with our first question.