Jeff Tate

“Starting with our packaging and specialty plastic segment on slide four. Net sales were $5.8 billion, up 18% versus the year ago period. Operating EBIT was approximately $585 million, which represents an increase of more than $385 million compared with the same period last year.”

“And good morning, everyone, and thank you for having me today. You know, before we get into your questions, I'd like to begin with just a few remarks to paint a picture of how the third quarter has evolved.”

“As Karen mentioned, and before I get into segment results, Dow's second quarter earnings reflect pricing leadership, better integrated margins, improved cash flow, and the benefit of our self-help initiatives.”

“So before we get into the Q&A, I'd just like to share some insights on the current macroeconomic backdrop, as well as Dow's execution, as well as our financial position.”

“You know, we entered in exodus first quarter with a very strong cash position at slightly over $4 billion.”