Dow Chemical Co (DOW) Q1 2020 Earnings Call Transcript

Dow Chemical Co (DOW) Q1 2020 Earnings Call Transcript

I'm Colleen Kay, Investor Relations Vice President for Dow.. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures is contained in the Dow earnings release, in the slides that supplement our comments today and on the Dow website.. Jim will close with some remarks on key factors that differentiate Dow.. We generated a solid $1.2 billion in cash from continuing operations, a 79% conversion of operating EBITDA to cash from operation, and our free cash flow increased by $240 million year-over-year.. We ended the quarter with approximately $12 billion of cash and available liquidity, and we took further actions to reinforce our financial strength and flexibility.. We immediately used the proceeds to repay debt, extend our debt maturity profile and reduce our financing costs.. Today, we have no major long-term debt due until the second half of 2023.. The quarter presented us with unprecedented headwind, and we responded by flexing our operational and financial capabilities to protect our employees and facilities, meet customer demand and fortify our financial position.. We rapidly deployed our crisis management framework and activated site-by-site plans to maintain business continuity and secure safe, reliable operations.. The benefits of consumer-led packaging demand