Eastman Chemical Company (EMN) Presents at Morgan Stanley’s 13th Annual Laguna Conference

Vincent Andrews
Managing Director

Thank you, and welcome. I’m pleased to introduce our next fireside chat, which is with Eastman Chemical, and we are thrilled to have the Chief Financial Officer, Willie McLain, with us today. And before we get started, I’m going to read some important disclosures and invite you to see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures and advise you that if you have any questions, you should please reach out to your Morgan Stanley sales representative with those questions.

And with that, we can begin the fireside chat. And Willie, what I thought we’d do is maybe you could walk us around the world a little bit and just talk a little bit of how current business conditions have been trending versus where we were about a month ago when you reported the quarter.

William McLain
CFO & Executive VP

Okay. Great, Vincent. I appreciate being here again this year. And as we think about where we are in the quarter, right, what I would highlight is the consumer and customer confidence is still challenged, both from an economic lens as well as we think about the current trade environment. And that’s being reflected in the order books.

The visibility in the order book is a couple of weeks at best at this point. And as you think about a more normal or stable environment, that would typically be about 6 weeks. So customers right now are buying smaller quantities more frequently. As you think about what we had outlined is we expected progression through the quarter on the order books.