The Goodyear Tire & Rubber Company

Please stand by, your program is about to begin. Good morning, my name is Nikki and I will be your conference operator today. At this time, I would like to welcome everyone to Goodyear's first quarter 2023 earnings call. All lines have been placed on mute to prevent any background noise. After some opening remarks, there will be a question and answer session. You may register to ask questions by pressing star and one on your touchtone phone. To withdraw your question, please press star 2. Today on the call, we have Rich Kramer, Goodyear's Chairman and Chief Executive Officer, and Cristina Samaro, Chief Financial Officer. During this call, Goodyear will refer to forward-looking statements and non-GAAP financial measures. Forward-looking statements involve risks, assumptions, and uncertainties that could cause actual results to differ materially from those forward-looking statements. For more information on the most significant factors that could affect future results, please refer to the Important Disclosures section of Goodyear's first quarter 2023 investor letter and their filings with the SEC, which can be found on their website at investor.goodyear.com, where a replay of this call will also be available. A reconciliation of the non-GAAP financial measures that may be discussed on today's call on the comparable gap measures is also included in the investor letter. I will now turn the call over to Rich Gramer, chairman and CEO.

Great. Thanks, Nikki. Good morning, everyone, and thanks for joining us. We released our first quarter investor letter after the market closed yesterday. You can find a copy of that on our investor relations website, along with an update on the Cooper Tire integration, which we hope you'll find valuable. As we've done the last couple of quarters with this newer format, Christina and I will devote today's time to your questions. I'll just say, while industry volumes have been down early this year, as we expected, stabilizing industry demand in the back half of this year, along with the benefits of a decrease in raw material costs, should improve margins as we move through the year. We look forward to the discussion today, so now let's open the line for questions.

At this time, if you would like to ask a question, please press the star and one on your touchtone phone. You may withdraw your question by pressing star two. Once again, to ask a question, please press the star and one on your touchtone phone. And we will take our first question from Brian Brinkman with J.P. Morgan. Please go ahead.