Jim Fitterling

“I'd like to first take a moment to step back and recognize our colleagues, neighbors, customers, and partners in the Middle East who are facing significant turmoil and uncertainty.”

“Our fourth quarter operating EBITDA was 741 million, reflecting an expected sequential decline from lower seasonal demand and typical margin compression across many end markets.”

“Beginning on slide three, in the third quarter, we executed against Dow's strategic priorities to deliver sequential earnings and cash flow improvement despite continued pressure across the industry.”

“Beginning on slide three, the prolonged down cycle our industry has been experiencing was further amplified this quarter by heightened trade and geopolitical uncertainties, which have strained profitability across our industry.”

“Beginning on slide three, in the face of volatile macroeconomic conditions, Team DAO focused on operational discipline while taking actions to reduce costs and align capacity to the slower GDP conditions that are impacting our industry.”