Sonoco Products Company

Good day and thank you for standing by. Welcome to the first quarter 2023 Sunoco Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lisa Weeks, Vice President of Investor Relations. Please go ahead.

Thank you, Operator, and thanks to everyone for joining us today for Sonequa's first quarter 2023 earnings call. Joining me this morning are Howard Coker, President and CEO, Rob Dillard, Chief Financial Officer, and Roger Fuller, Chief Operating Officer. Last evening, we issued a news release highlighting our financial performance for the first quarter, and we prepared a presentation that we will reference during this call. The press release and presentation are available online under the Investor Relations section of our website. As a reminder, during today's call, we will discuss a number of forward-looking statements based on current expectations, estimates, and projections. These statements are not guaranteed to please take a moment to review the forward-looking statement on page two of the presentation. Additionally, today's presentation includes the use of non-GAAP financial measures, which management believes provides useful information to investors about the company's financial conditions and results of operations. Further information about the company's use of non-GAAP financial measures, including definitions as well as reconciliations to GAAP measures, is available under the investor relations section of our web. After management's prepared remarks, we will host a Q&A session. If you will please turn to slide four in our presentation, I will now turn the call over to our CEO, Howard Coker.

Howard Coker Thank you, Lisa, and thanks to all of you for joining us today. As our first quarter results show, we've had a good start to the year. productivity under 10, but we consider a strong Q1 performance. As I mentioned before, we are not immune to the secular headwinds around our customers and the economy in general, but this demonstrates our better portfolio management and business mix provides less volatile results than in previous business cycles. We have a backlog of growth and efficiency investments that are material to future earnings, While we navigate near-term macro volatility, we're going to invest in the businesses and place our investments on projects with the highest return for our shareholders. I would like to say to our Sunoco employees and our operations within our sales and engineering teams and all those that support the business around the world, thank you for what you do. And thank you for supporting our customers, Sunoco, and your focus on execution day in and day out. But before Rob takes you through the financial results and guidance, please turn to slide five. I want to highlight, we released our updated corporate responsibility report last week and provided the QR code in this presentation that you can scan to directly download the document. Now, at Sunoco, we report quarterly to our senior leadership team and our board on the ESG commitments we're making, including those highlighted in our refreshed document. We're excited to On the social side, we have updated our workplace diversity hiring progress as well as updates on our supplier diversity and spending programs. Lastly, we have many R&D efforts centered on developing new and innovative products to meet the sustainability goals of our customers. We are tremendously proud of our capabilities and the work on this front. We'll be right back.