Eastman Chemical Company (EMN) CEO Mark Costa on Q1 2022 Results - Earnings Call Transcript

Eastman Chemical Company (NYSE:EMN) Q1 2022 Earnings Conference Call April 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

Vincent Andrews - Morgan Stanley

Kevin McCarthy - Vertical Research Partners

Josh Spector - UBS

Mike Leithead - Barclays

Aleksey Yefremov - KeyBanc

David Begleiter - Deutsche Bank

P.J. Juvekar - Citi

Matthew DeYoe - Bank of America

Jeff Zekauskas - JPMorgan

Mike Sison - Wells Fargo

Arun Viswanathan - RBC Capital Markets

Jaideep Pandya - On-Field Research

Operator

Good day, everyone and welcome to the First Quarter 2022 Eastman Chemical Conference Call. Today’s conference is being recorded. This call is being broadcast live on the Eastman’s 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, Keith. Hello, 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 2022 financial results news release and SEC 8-K filing, our slides and the related remarks in the Investors section of our website, www.eastman.com.

Before we begin, I will 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. Cautionary statements regarding forward-looking information and certain factors related to future expectations are or will be detailed in our first 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 first 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 first 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. Keith, please let’s start with our first question.