Eastman Chemical Company (NYSE:EMN) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Greg Riddle - IR Mark Costa - Board Chair & CEO William McLain - EVP & CFO Conference Call Participants Patrick Cunningham - Citigroup David Begleiter - Deutsche Bank Aleksey Yefremov - KeyCorp Vincent Andrews - Morgan Stanley Jeff Zekauskas - JPMorgan Kevin McCarthy - Vertical Research Partners Frank Mitsch - Fermium Research Michael Sison - Wells Fargo James Cannon - UBS Operator Good day, e ...

Eastman Chemical Company (EMN) reported first-quarter 2025 earnings of $1.57 per share, reflecting a rise of 12.9% from the year-ago quarter's figure of $1.39.EMN posted adjusted earnings of $1.91 per share, up 18.6% from the year-ago quarter figure of $1.61. It surpassed the Zacks Consensus Estimate of $1.89.The company’s revenues in the first quarter were $2,290 million, which missed the Zacks Consensus Estimate of $2,308.6 million. Sales decreased around 1% from $2,310 million reported in the prior-year ...

Eastman Chemical (EMN) reported $2.29 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 0.9%. EPS of $1.91 for the same period compares to $1.61 a year ago.The reported revenue represents a surprise of -0.81% over the Zacks Consensus Estimate of $2.31 billion. With the consensus EPS estimate being $1.89, the EPS surprise was +1.06%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Group 1: Earnings Performance - Eastman Chemical reported quarterly earnings of $1.91 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, and up from $1.61 per share a year ago, representing an earnings surprise of 1.06% [1] - The company posted revenues of $2.29 billion for the quarter, missing the Zacks Consensus Estimate by 0.81%, and down from $2.31 billion year-over-year [2] - Over the last four quarters, Eastman Chemical has surpassed consensus EPS estimates four times but has topped consensus revenue estimates only once [2] Group 2: Stock Performance and Outlook - Eastman Chemical shares have declined approximately 13.7% since the beginning of the year, compared to a decline of 8.6% for the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the next quarter is $2.19 on revenues of $2.38 billion, and for the current fiscal year, it is $8.36 on revenues of $9.53 billion [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Chemical - Diversified sector is currently in the bottom 10% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]

Exhibit 99.01 Eastman Announces First-Quarter 2025 Financial Results KINGSPORT, Tenn., April 24, 2025 – Eastman Chemical Company (NYSE:EMN) announced its first- quarter 2025 financial results. | (In | millions, | except | per | share | amounts; unaudited) 1Q2025 1Q2024 | | --- | --- | --- | --- | --- | --- | | Sales | revenue | | | | $2,290 $2,310 | | Earnings | before | | interest | and | taxes ("EBIT") 302 263 | | Adjusted | EBIT* | | | | 311 274 | | Earnings | per | diluted | | share | 1.57 1.39 | | Adju ...

Eastman Chemical Company’s (EMN) Eastman Turbo Oil 2330 (ETO 2330) has been added to the relevant Qualified Products List after receiving MIL-PRF-7808 Grade 3 specification approval from the U.S. Air Force. This confirmed that the product meets military-grade performance and safety standards for aircraft turbo oils.The new ETO 2330 has been designed for applications requiring reliable performance under demanding conditions, delivering superior lubrication and thermal stability. ETO 2330 also exhibits best-i ...

Eastman Chemical (EMN) shares rallied 12.1% in the last trading session to close at $81.48. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 23.1% loss over the past four weeks.EMN's rally follows a spike in material stocks after President Trump declared a 90-day pause of reciprocal tariffs for most nations.This specialty chemicals maker is expected to post quarterly earnings of $1.89 per share in its upcoming ...

Core Viewpoint - Euro Manganese's Chvaletice Project has been designated as a Strategic Project under the EU's Critical Raw Materials Act, enhancing its significance in the European raw materials supply chain [1][4]. Strategic Project Designation - Strategic Projects under the EU CRMA gain access to guidance and potential funding from various sources, including the European Investment Bank and the European Bank for Reconstruction and Development, as well as private financial institutions [3][8]. - The designation ensures that permitting processes adhere to deadlines set in the CRMA, thereby reducing scheduling risks associated with permitting [3][8]. Importance of the CRMA - The CRMA, effective from May 2024, identifies over 30 raw materials, categorizing high-purity manganese (battery grade) as a strategic raw material and manganese as a critical raw material [4]. - The designation aims to enhance the security of the EU's supply of strategic raw materials and to diversify supplies from third countries [4]. Recent Approvals and Milestones - In March 2024, the Czech Ministry of Environment approved the Environmental and Social Impact Assessment for the Chvaletice Project [5]. - The Determination of Mining Lease permit was secured in January 2025, marking a significant step towards full permitting [5]. - The Czech government declared the Chvaletice Manganese Deposit as strategic in March 2025 [5]. Company Objectives - Euro Manganese aims to play a crucial role in establishing a sustainable and climate-friendly battery value chain in Europe, leveraging its Strategic Project status to facilitate access to government-backed funding and collaboration with EU institutions [6][9]. - The Chvaletice Project represents a unique waste-to-value recycling opportunity, involving the reprocessing of old tailings from a decommissioned mine, positioning the company as a key supplier of critical raw materials for battery supply chains [10].

Core Viewpoint - Euro Manganese Inc. has announced that its Chvaletice Manganese Project has been designated a Strategic Project under the EU's Critical Raw Materials Act, enhancing its role in the European raw materials value chain and facilitating access to funding and expedited permitting processes [1][3][6]. Strategic Project Designation - The designation allows access to guidance and potential funding from various sources, including the European Investment Bank and the European Bank for Reconstruction and Development [3][9]. - Strategic Project status ensures that permitting processes adhere to deadlines set in the CRMA, reducing scheduling risks associated with permitting [3][9]. Importance of the CRMA - The CRMA, effective since May 2024, identifies high-purity manganese as a strategic raw material and manganese as a critical raw material, aiming to enhance the EU's supply security and diversify sources [4][9]. - The Chvaletice Project is positioned to significantly contribute to the EU's strategic and critical raw material supply independence [9]. Recent Approvals and Developments - In March 2024, the Czech Ministry of Environment approved the Environmental and Social Impact Assessment for the Chvaletice Project [5]. - The Company secured the Determination of Mining Lease permit in January 2025, marking a significant step towards full permitting [5]. - The Czech government declared the Chvaletice Manganese Deposit as strategic in March 2025 [5]. Company Vision and Goals - The Interim CEO of Euro Manganese emphasized the commitment to becoming the sole integrated European producer of high-purity manganese, essential for the transition to a greener economy [6]. - The Company aims to establish a sustainable and climate-friendly battery value chain in Europe [6][8]. Project Overview - The Chvaletice Project involves a unique waste-to-value recycling initiative, reprocessing old tailings from a decommissioned mine, and is the only sizable manganese resource in the EU [8]. - This positions the Company to support battery supply chains with critical raw materials, contributing to a circular, low-carbon economy [8].

Core Viewpoint - The Czech government has designated the Chvaletice manganese deposit as a Strategic Deposit, which is a significant milestone for Euro Manganese Inc. and will expedite the permitting process for the Chvaletice Project [1][3][4]. Group 1: Strategic Deposit Designation - The designation as a Strategic Deposit streamlines the permitting process and facilitates timely actions for project development [3][7]. - The approval of the Environmental and Social Impact Assessment (ESIA) in March 2024 and the Determination of Mining Lease permit in January 2025 are crucial steps towards full permitting [3][4]. - The designation enhances predictability in the permitting process, allowing for expedited approvals and reduced administrative burdens [8]. Group 2: Company Overview - Euro Manganese is focused on producing high-purity manganese for the electric vehicle industry and is advancing the Chvaletice Manganese Project in the Czech Republic [5]. - The Chvaletice Project involves reprocessing old tailings from a decommissioned mine and is the only sizable manganese resource in the European Union, positioning the company strategically for battery supply chains [6]. Group 3: Benefits of Strategic Deposit Status - The designation allows for priority in obtaining permits, reducing project preparation and mining initiation time [8]. - It streamlines coordination between authorities, minimizing bureaucratic obstacles and assessment duplication [8]. - Special legislative procedures may apply, enhancing the predictability and speed of the permitting process, which is critical for energy security and industrial needs [8].