Eastman Chemical

Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products, Advanced Materials, Chemical Intermediates and Fibers. The Additives and Functional Products segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The Advanced Materials segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The Chemical Intermediates segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fiber segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Eastman Chemical reports robust Q4 performance, eyes growth opportunities

Eastman Chemical's Q4 2022 earnings call highlighted a strong performance with a focus on cost savings, sustainability, and growth opportunities. Despite challenges in certain markets and pension expenses, the company remains optimistic about its future prospects through strategic investments and portfolio transformation.

Eastman Chemical excels in Q1 with strong performance and growth opportunities

Eastman Chemical's Q1 performance showcased improvements in key business segments, sustainability efforts, and strategic guidance adjustments. The company is focused on driving growth, controlling costs, and maximizing asset utilization to achieve its financial targets.

Eastman Chemical addresses destocking impact, eyes margin growth opportunities

Eastman Chemical navigating destocking challenges in various markets with a focus on recovery as destocking lessens.
Stable performance in Fibers business despite upcoming earnings step-down in the third quarter.
Incremental margins expected to be strong next year, with a focus on capacity expansion and strategic acquisitions.
Market uncertainties persist, particularly in negotiations and the timing of restocking cycles.

Eastman Chemical expects earnings recovery in 2024 amid strategic focus

Eastman Chemical is poised for earnings recovery in 2024 through destocking completion and innovation.
The company's focus on asset utilization and cost management supports a positive outlook for growth.
Challenges like raw material price increases and market dynamics are being addressed strategically.
Opportunities in incentives, capacity expansion, and pricing strategies offer avenues for future growth.

Eastman Chemical reports stable Q4 performance and eyes growth opportunities

Eastman Chemical's Q4 performance reflects stability in certain segments and growth opportunities in Advanced Materials and AFP. The company's focus on cost management, productivity gains, and strategic plant investments positions it for future success.
Despite challenges such as inflation impact and construction delays, Eastman's strong customer relationships, operational capabilities, and product diversification are key strengths. Opportunities in EV market trends, circular economy initiatives, and volume growth offer avenues for expansion.
Navigating cost challenges, addressing destocking impacts, and aligning construction timelines with market demand are critical for Eastman's future projects. Leveraging premium products in automotive and sustainable solutions in a shifting policy landscape can drive long-term growth.

Eastman Chemical tackles challenges, eyes growth through sustainability initiatives

Eastman Chemical navigated through a challenging demand environment in '22 and '23, focusing on cost management and sustainability initiatives. Despite facing headwinds, the company remains optimistic about earnings recovery in '24 and growth prospects in the coming years.

Eastman Chemical reports solid Q2 performance, eyes growth opportunities

Eastman Chemical's Q2 2024 earnings call highlighted progress in the methanolysis plant, challenges with feedstock preparation, and strong performance in Advanced Materials. The company is focused on addressing operational issues, driving growth through recycled content demand, and investing in future capabilities for revenue growth. Analyst inquiries centered on inflation impact, maintenance expenses, and divestiture effects.

Eastman Chemical reports robust Q3 performance, eyes growth opportunities

Eastman Chemical's Q3 earnings call highlighted strong performance, with a focus on growth opportunities and cost-saving initiatives for 2025. The company faces challenges in the methanolysis unit and uncertainties around the election's impact on demand. Leveraging strengths in sustainability and innovation, Eastman Chemical aims to capitalize on opportunities in capital expenditures and product demand.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Advanced Material (AM), Additives and Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The AM segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The AFP segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The CI segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fibers segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its fourth-quarter and full-year 2021 financial results.

Eastman Announces Fourth-Quarter and Full-Year 2021 Financial Results

Caterpillar

Chevron

Visa

V.F.

These five companies are in industries that will give us a look into where the economy is headed in 2022.

5 Earnings Charts to Key in On

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman (NYSE: EMN) has received a score of 100 on the Human Rights Campaign Foundation's 2022 Corporate Equality Index.

Eastman Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index

Eastman Chemical's (EMN) investment is a major step forward in its strategy to accelerate a circular economy globally.

Eastman Chemical (EMN) to Invest $1B in Recycling Facility

Eastman Chemical's (EMN) Q4 earnings are likely to have benefited from cost-management actions and revenues from innovation amid headwinds from supply-chain issues and higher input costs.

What's in Store for Eastman Chemical's (EMN) Q4 Earnings?

PARIS, Jan. 17, 2022 /PRNewswire/ -- This morning, French President Emmanuel Macron and Eastman (NYSE:EMN) Board Chair and CEO Mark Costa will jointly announce Eastman's plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman's polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated.

Eastman to invest up to $1 billion to accelerate circular economy through building world's largest molecular plastics recycling facility in France

NEW YORK, Jan. 7, 2022 /PRNewswire/ -- Levi & Korsinsky announces it has commenced an investigation of Eastman Chemical Company (NYSE: EMN) concerning possible breaches of fiduciary duty. To obtain additional information, go to: https://www.zlk.com/compensation2/eastman-chemical-company-information-request-form \or contact Joseph E.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Eastman Chemical Company (EMN)

Enbridge

Great Lakes Dredge & Dock

Insteel Industries

Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Pacifico

United States Steel

Infrastructure stocks could get hot in 2022 as traders look to buy into real economy plays amid stimulus and inflationary tailwinds. The post 7 Infrastructure Stocks to Buy in January appeared first on InvestorPlace.

7 Infrastructure Stocks to Buy in January

--(BUSINESS WIRE)--Eastman has scheduled its fourth-quarter and full-year 2021 financial results news release and SEC Form 8-K filing, teleconference and webcast.

Eastman Schedules Fourth-Quarter and Full-Year 2021 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

ABM Industries

Abbott Labs

Amgen

American Tower

Alexandria Real Estate Equities

AvalonBay Communities

Broadcom

Axis Capital

Baxter

Balchem

Flanigan's Enterprises

Franklin Resources

Bristol-Myers

Camden National

C.H. Robinson Worldwide

Culp

Calavo Growers

Ecolab

EastGroup Properties

Edison

Ensign Group

Monthly update of the Dividend Champions List. 54 companies declared higher dividends in the past month, with an average increase of 8.71% over their previous payouts.

Dividend Champions For January 2022

BorgWarner

CVS Health

Disney

Eaton

F5 Networks

Mondelez

NRG Energy

Welltower

Wells Fargo

Exxon Mobil

Every year, the major Wall Street firms we cover here at 24/7 Wall St. come out with their lists of stocks that they feel will be the top performers for the coming year.

BofA Securities Out With Its 11 Top Stock Picks for 2022

Air Lease

Avient Corp

Crown Castle International

Enterprise Financial Services

Fidelity National Financial

Global Water Resources

Huntington Bancshares

Hillenbrand

Mercury General

Merck

Motorola Solutions

National Storage Affiliates Trust

NexPoint Residential Trust

Prosperity Bancshares

Regency Centers

SL Green Realty

Universal Health Realty Income Trust

Unity Bancorp

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.

21 Upcoming Dividend Increases

Eastman Chemical's (EMN) share buyback will be implemented through purchases made in either or both open market and private transactions.

Eastman Chemical (EMN) Announces Buyback Worth $500 Million

Four Corners Property Trust

Graco

Mastercard

McCormick

Morningstar

Nucor

Owens Corning

RGC Resources

Raymond James

SPDR S&P 500 ETF Trust

WEC Energy Group

In this article series, we provide a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases.

Dividend Increases: November 27-December 3, 2021

Eastman Chemical's (EMN) amendments include the extension of the existing credit agreement and sustainability-linked pricing terms.

Eastman Chemical (EMN) Amends $1.5 Billion Credit Facility

American Electric Power Company

ConocoPhillips

Emerson Electric

Coca-Cola

MPLX

All the top Wall Street firms that we follow here at 24/7 Wall St. keep a list for their institutional and retail clients of high-conviction stock picks.

6 UBS ‘Strong Buy' Top Picks Also Pay Big and Dependable Dividends

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman highlighted key elements of its business strategies and detailed its pathway to deliver growth through 2024 during its 2021 Innovation Day.

Eastman 2021 Innovation Day Highlights Innovation-Driven Growth Model, Circular Economy, and Strong Cash Flow as Drivers of Growth

Eastman Chemical's (EMN) dividend hike reflects the Board's confidence in its ability to deliver earnings growth and generate strong cash flow.

Eastman Chemical (EMN) Raises Quarterly Cash Dividend by 10%

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE: EMN), today announced amendments to and extension of its $1.5 billion five-year unsecured revolving credit facility.

Eastman Amended $1.5B Revolving Credit Facility Includes Sustainability-Linked Terms

KINGSPORT, Tenn.--(BUSINESS WIRE)--The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.76 per share on the company's common stock.

Eastman Board Increases Dividend for 12th Consecutive Year

Eastman (EMN) is selected as Amorepacific's partner to add sustainability through its molecular recycling technology to the latter's world-renowned beauty products.

Eastman (EMN) & Amorepacific Partner for Sustainable Packaging

Fortune Brands Home & Security

Stryker

After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends, which help to provide an income stream.

5 Buy-Rated Blue Chip Stocks With Dividends Expected to Rise This Week

News for Eastman Chemical Stock (EMN)