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Why Eastman Chemical (EMN) is a Top Value Stock for the Long-Term
ZACKS· 2024-06-20 14:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are ...
Why Eastman Chemical (EMN) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-06-12 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout. Eastman Chemical in Focus ...
Eastman (EMN) Unveils Naia Renew for Denim for Sustainability
ZACKS· 2024-06-12 11:56
Eastman Chemical Company (EMN) is on a mission to make sustainable fashion more accessible by making Naia Renew available at scale, which provides versatility across a wide range of fashion segments. Eastman's integration of Naia Renew into the denim segment gets it one step closer to its aim of making sustainable style accessible to all. The company is exhibiting Naia Renew's potential with many of its worldwide brand partners, who are already using the novel fibers in denim. Denim Premiere Vision brings t ...
Eastman Chemical (EMN) is a Top Dividend Stock Right Now: Should You Buy?
zacks.com· 2024-05-27 16:45
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one- third of total returns in many cases. Eastman Chemical in Focus Base ...
Eastman (EMN) Partners Debrand to Recycle Textile Waste
zacks.com· 2024-05-21 10:50
Eastman and Debrand demonstrate the transformational power of molecular recycling technology to address the textile waste challenge. The partnership raises the bar for sustainable practices in the fashion sector by offering more circular solutions for apparel waste. Before it collaborated with Eastman, Debrand received a strategic investment from Waste Management, North America's leading provider of complete waste management, to supply circular solutions in the United States and Canada. Shares of Eastman ha ...
Eastman Chemical (EMN) Shares Pop 17% in 3 Months: Here's Why
zacks.com· 2024-05-17 13:40
Forecast-topping earnings performance in the first quarter of 2024 and upbeat prospects have contributed to the rally in the company's shares. EMN's adjusted earnings of $1.61 per share trounced the Zacks Consensus Estimate of $1.41. Revenues of $2,310 million for the quarter also beat the Zacks Consensus Estimate of $2,259.2 million. Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program. EMN is taking actions to ...
Eastman (EMN) & Lubrizol to Enhance TPE Overmolding Adhesion
zacks.com· 2024-05-16 12:50
This was an exceptional chance for two premier material companies to capitalize on sustainable multi-material solutions that enable customer innovation and push the boundaries of consumer product experiences, Lubrizol noted. Shares of Eastman have gained 24.4% over the past year compared with a 1.1% rise of its industry. Eastman Chemical predicts uncertain primary demand in key markets and regions through the remainder of 2024. However, the company continues to gain from its innovation-driven growth approac ...
This is Why Eastman Chemical (EMN) is a Great Dividend Stock
Zacks Investment Research· 2024-05-10 16:47
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors of ...
Eastman(EMN) - 2024 Q1 - Quarterly Report
2024-04-26 16:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 1-12626 EASTMAN CHEMICAL COMPANY (Exact name of registrant as specified in its charter ...
Eastman(EMN) - 2024 Q1 - Earnings Call Transcript
2024-04-26 16:03
Financial Data and Key Metrics Changes - The company reported a strong start to Q1 2024, with a notable volume-driven performance compared to the previous year, indicating recovery from prior destocking challenges [72][106] - The capital expenditures (CapEx) are projected to be in the range of $700 million to $750 million for the year, with share repurchases expected between $200 million to $300 million [148] Business Line Data and Key Metrics Changes - Advanced Materials segment showed a strong recovery, with a 15% sequential increase in durable goods from Q4, indicating a rebound in demand [91][106] - The additives and functional products segment experienced a slight decline of 1%, while advanced materials grew by 4%, showcasing mixed performance across business lines [89][106] Market Data and Key Metrics Changes - The company noted that the European market remains attractive long-term, despite current regulatory uncertainties and inflationary pressures affecting capital expenditures [4][33] - The demand for propylene derivatives has been impacted by recent outages in the industry, but the company expects to navigate these challenges effectively [22][106] Company Strategy and Development Direction - The company is focused on expanding its specialty applications, particularly in the Tritan product line, while optimizing value between PET and specialty products as new plants are developed [15][37] - The strategy includes a commitment to chemical recycling, with ongoing projects aimed at addressing local recycling needs and reducing carbon footprints [56][69] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic outlook, stating that while the fundamentals are not expected to worsen, geopolitical uncertainties could pose risks to forecasts [17][38] - The company is confident in its ability to meet recycled content targets, despite challenges in contract negotiations with consumer brands [54][47] Other Important Information - The company is experiencing mechanical issues at its methanolysis plant, which are being addressed to ensure reliable operations moving forward [75][76] - The Longview project is expected to achieve significant returns, with ongoing negotiations regarding funding and project scope adjustments [138][148] Q&A Session Summary Question: Can you provide details on the methanolysis plant's performance? - The plant is currently running and producing on-spec material, but is facing mechanical issues that are being resolved [18][75] Question: How is the company managing CapEx in light of inflation? - The company has a plan to manage capital expenditures effectively, focusing on customer contracts and EU policy [35][33] Question: What is the outlook for the France project? - The project is still moving forward, but there are timing delays due to customer and cost issues that need to be resolved [62][87] Question: How committed are consumer brands to recycled content? - Many brands are highly committed to increasing recycled content in their packaging, but contract negotiations are taking longer than expected [53][54] Question: What are the expectations for volume growth in the coming quarters? - The company anticipates a mix of restocking and stable demand, with potential upside as markets stabilize [135][106]