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

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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.

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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.

--(BUSINESS WIRE)--Eastman has scheduled its second-quarter 2023 financial results news release and SEC Form 8-K filing, teleconference and webcast.

Eastman Schedules Second-Quarter 2023 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

Eastman Chemical's revenues are still under pressure due to weak demand and customer de-stocking. Despite a decline in sales, the company has seen growth in the automotive sector. Investors should demand a minimum of 4% dividend yield before investing.

Eastman Chemical: Not Out Of The Woods

Eastman Chemical is a $10.0 billion market cap specialty chemicals company offering a 3.8% dividend. With now-lower feedstock and energy costs, its results are expected to improve. The company has been able to hold the line on product prices despite customer destocking. To improve efficiency it is implementing a $200 million cost reduction program. Eastman's second-largest number of plants are in high-cost Europe (nine). However, it is geographically diversified with 16 US plants and several in Asia and Latin America.

Eastman Chemical Benefits From Reversal In Gas And NGL Costs

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman (NYSE: EMN) announced it has been recognized as part of Forbes' first-ever Net Zero Leaders list.

Eastman Named to Forbes' Net Zero Leaders List

Eastman Chemical Company's forward valuations don't capture the degree of superior operating leverage that is poised to come through over the next 2 years. EMN's dividend narrative is underappreciated. We like the risk-reward on the charts and are also encouraged with recent insider positioning.

3 Reasons To Consider Eastman Chemical Company

The planned facility by Eastman (EMN), which would cost $1 billion, will be the world's largest material-to-material molecular recycling plant.

Eastman (EMN) Signs Agreements for France Recycling Facility

KINGSPORT, Tenn. , May 11, 2023 /PRNewswire/ -- Eastman (NYSE: EMN) today announced it has secured a significant amount of feedstock needed for its planned molecular recycling facility in Port Jerome sur Seine, Normandy, France.

Eastman Secures Significant Feedstock Agreements for Molecular Recycling Facility in France

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its 2023 Annual Meeting stockholder vote results.

Eastman Announces 2023 Annual Meeting Stockholder Vote Results

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Eastman Chemical Company (EMN) Q1 2023 Earnings Call Transcript.

Eastman Chemical Company (EMN) Q1 2023 Earnings Call Transcript

The top line of Eastman Chemical (EMN) declines due to the challenging global economic environment owing to higher-than-normal customer inventory destocking in Q1.

Eastman Chemical's (EMN) Q1 Earnings & Sales Surpass Estimates

The headline numbers for Eastman Chemical (EMN) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Eastman Chemical (EMN) Q1 Earnings

Eastman Chemical (EMN) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $2.06 per share a year ago.

Eastman Chemical (EMN) Q1 Earnings and Revenues Beat Estimates

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2023 financial results.

Eastman Announces First-Quarter 2023 Financial Results

Eastman Chemical (EMN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Eastman Chemical (EMN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Eastman Chemical's (EMN) earnings are expected to have gained from sustained innovation & cost control measures amid headwinds from adverse currency movements & consumer de-stocking in Q1.

Eastman Chemical (EMN) to Report Q1 Earnings: What's in Store?

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Investors looking for stocks in the Chemical - Diversified sector might want to consider either Eastman Chemical (EMN) or Air Liquide (AIQUY). But which of these two stocks is more attractive to value investors?

EMN vs. AIQUY: Which Stock Should Value Investors Buy Now?

--(BUSINESS WIRE)--Eastman has scheduled its first-quarter 2023 financial results news release and SEC Form 8-K filing, teleconference and webcast.

Eastman Schedules First-Quarter 2023 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

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Eastman (EMN) will gain from cost-cutting and productivity actions, synergies of strategic acquisitions and sustained innovation. However, it is expected to face headwinds from unfavorable currency translations.

Here's Why You Should Retain Eastman (EMN) in Your Portfolio

Extremely focused on sustainability and a "Circular Economy". Focus on Specialty and Performance Materials and Chemicals.

Eastman Chemical: An ESG Power-Play

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Eastman Chemical has a higher-quality business than your average chemical industry company. Management treats shareholders well. The company is eating up tons of its own stock and pays a healthy 3.7% dividend yield on top.

Eastman Chemical's Huge Cash Flows And Buyback Support Much Higher Stock Price

The Chemicals industry has been ho-hum to start this year after a relatively strong 2022. Eastman Chemical features an attractive P/E even after an earnings miss and light guide.

News for Eastman Chemical Stock (EMN)