Eastman Chemical Company (EMN) established a partnership with Patagonia to address the textile waste crisis.Eastman collaborated with the outdoor apparel company to recycle 8,000 pounds of pre- and post-consumer garment waste, which Eastman processed using its molecular recycling technology. This process entails breaking down Patagonia's unwanted clothing into molecular building blocks that Eastman can utilize to create new fabrics.Textile waste is a key problem, and customers are increasingly looking for b ...

Eastman Chemical Company’s (EMN) shares have popped 17.6% over the past six months. The company has also outperformed its industry’s decline of 7.1% over the same time frame. Moreover, it has topped the S&P 500’s 14.2% rise over the same period.Let’s take a look into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Image Source: Zacks Investment Research What’s Working in EMN’s Favor?Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating c ...

Eastman Chemical Company (EMN) is gaining from cost-cutting and productivity actions as well as its innovation-driven growth model. However, it is exposed to certain headwinds, including soft demand.Shares of this leading chemical maker are down 0.3% over the past year compared with the 16.4% decline of its industry.Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Image Source: Zacks Investment Research Cost Cuts and Innovation Aid EMNEastman is benefiting from its action ...

Eastman Chemical Company (EMN) has announced a long-term arrangement with Nord Pal Plast SA, part of Dentis Group. Dentis will offer Eastman 30,000 metric tons of rejected PET post-consumer waste annually via mechanical recycling operations in France and Italy. These materials, which now lack a circular solution, will be recycled at Eastman's molecular recycling plant in France.This alliance emphasizes the essential and complementary nature of both mechanical and molecular recycling processes in achieving a ...

KINGSPORT, Tenn., Feb. 14, 2024 /PRNewswire/ -- Eastman (NYSE: EMN) today announced a long-term agreement with Nord Pal Plast SA part of Dentis Group, a leading Italian multinational company specializing in the recovery and mechanical recycling of PET packaging waste. Through its mechanical recycling sites in France (Nord Pal Plast SA), Spain (PET COMPAÑÍA PARA SU RECICLADO) and Italy (Dentis Recycling Italy Srl), Dentis will provide 30,000 metric tonnes per year of rejected PET post-consumer waste to Eastm ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K 200 South Wilcox Drive (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 Chemical Company (EMN) and Rumpke Waste & Recycling have formed an alliance to address the global plastic waste challenge. Rumpke will start collecting and sorting hard-to-recycle and colored PET packaging waste later this year, materials that are typically overlooked in today's recycling ecosystem and will use 100% of this waste stream as feedstock for Eastman's molecular recycling process.  Eastman will then employ its molecular recycling technology to convert this waste stream into virgin quality ...

Eastman Chemical Company (NYSE:EMN) Q4 2023 Earnings Conference Call February 2, 2024 8:00 AM ET Company Participants Greg Riddle - Investor Relations Mark Costa - Chief Executive Officer William McLain - Chief Financial Officer Conference Call Participants Josh Spector - UBS David Begleiter - Deutsche Bank Frank Mitsch - Fermium Research Patrick Cunningham - Citigroup Vincent Andrews - Morgan Stanley Michael Leithead - Barclays Jeff Zekauskas - JPMorgan John Roberts - Mizuho Mike Sison - Wells Fargo Alekse ...

Eastman Chemical Company (EMN) recorded a fourth-quarter 2023 profit of $310 million or $2.61 per share compared with $1 million or a penny per share in the year-ago quarter.Barring one-time items, earnings were $1.31 per share, up from 89 cents in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.28.Revenues declined around 7% year over year to $2,207 million in the quarter. The figure beat the Zacks Consensus Estimate of $2,166.7 million. Lower sales volumes due to weak end-marke ...

Loading...Loading...During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield di ...