Celanese Corporation

Greetings and welcome to the SELI's first quarter 2023 earnings call and webcast. At this time, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. At this time, I'd like to turn the call over to Brandon Ayash, Vice President of Investor Relations. Thank you. You may begin.

Thank you, Darrell. Welcome to the Celanese Corporation First Quarter 2023 Earnings Conference Call. My name is Brandon Ayosh, Vice President of Investor Relations, and with me today on the call are Lori Ryerkirk, Chairman of the Board and Chief Executive Officer, and Scott Richardson, Chief Financial Officer. Celanese distributed its first quarter earnings release via Business Wire and posted prepared comments on our Investor Relations website yesterday afternoon. As a reminder, we'll discuss non-GAAP financial measures today. You can find definitions of these measures as well as reconciliations to the comparable GAAP measures on our website. Today's presentation will also include forward-looking statements. Please review the cautionary language regarding forward-looking statements, which can be found at the end of both the press release and prepared comments. Form 8K reports containing all of these materials have also been submitted to the SEC. Since we published our prepared comments yesterday, we'll go ahead and ask you, Darrell, to open it up for questions.

Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. The confirmation tone will indicate your line is in the question queue. You may press star 2 to remove yourself from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. We ask that you please limit yourself to one question and one follow-up question. One moment, please, while we poll for your questions. Our first questions come from the line of Michael Lighthead with Barclays. Please proceed with your questions.