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].

Vancouver, British Columbia and Sydney, Australia--(Newsfile Corp. - March 30, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (OTCQB: EUMNF) (FSE: E06) (the "Company" or "EMN") announces that, as previously announced on March 6, 2025 and as approved by its board of directors, the Company will consolidate its issued and outstanding common shares ("Common Shares") at a ratio of five (5) pre- consolidation Common Shares to one (1) post-consolidation Common Share ("Consolidation"). The Consolidation will be ...

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].

Core Viewpoint - Euro Manganese Inc. is conducting a brokered and conditional placement to raise approximately C$5.9 million (A$6.5 million) for the development of the Chvaletice Manganese Project and securing additional offtake agreements [2][7][8] Group 1: Equity Raising Details - The Conditional Placement will issue approximately 94.1 million New Shares and 72.7 million New CDIs at a price of C$0.036 (A$0.039) per New Security [9][13] - The company plans to offer existing eligible shareholders a Share Purchase Plan (SPP) to raise an additional C$3.6 million (A$4.0 million) at the same price [3][11] - Completion of the Equity Raising is contingent upon raising a minimum of C$8.0 million (A$8.8 million) in total and obtaining shareholder approval at the upcoming annual general meeting [4][7] Group 2: Use of Proceeds - Proceeds from the Conditional Placement and SPP will be allocated for ongoing development of the Chvaletice Manganese Project and customer engagements to secure additional offtake term sheets and strategic investments [2][8][16] Group 3: Shareholder Participation and Warrant Issuance - Investors will receive one warrant to purchase an additional common share or CDI for every New Security subscribed, with an exercise price of C$0.045 per warrant [5][12] - The SPP allows eligible shareholders to subscribe for up to A$30,000 worth of New CDIs without incurring brokerage fees [11][14] Group 4: Management and Strategic Changes - Rick Anthon, a veteran in the battery metals industry, will join as Chairman of the Board following the completion of the Conditional Placement [25][26] - The appointment is expected to enhance the company's strategic direction as it advances the Chvaletice Manganese Project [28] Group 5: EBRD Involvement - The European Bank for Reconstruction and Development (EBRD) is participating with a subscription of approximately C$3.1 million (A$3.5 million), increasing its ownership in the company to 19.99% [2][7][22] - EBRD will also be granted certain offtake rights for up to 20% of the company's production as part of a project support agreement [21][22]

Financial Performance - In 2024, Eastman reported sales revenue of $9.4 billion, EBIT of $1.3 billion, and net earnings of $905 million, with diluted earnings per share at $7.67[20]. - Sales revenue increased by 2% in 2024 to $9,382 million compared to $9,210 million in 2023, driven by higher sales volume offset by lower selling prices[200]. - EBIT excluding non-core and unusual items rose to $1,298 million in 2024 from $1,097 million in 2023, primarily due to higher sales volume and lower raw material costs[200]. - Net earnings attributable to Eastman increased to $905 million in 2024, with diluted EPS rising to $7.67, compared to $894 million and $7.49 in 2023[202]. - Gross profit for 2024 was $2,290 million, an 11% increase from $2,061 million in 2023, with gross profit excluding non-core items also increasing by 11%[207]. - The company generated $1.3 billion in cash from operating activities in 2024, compared to $1.4 billion in 2023[202]. Sustainability Initiatives - Eastman operates one of the world's largest molecular recycling facilities, enhancing its sustainability initiatives[19]. - The company has committed to reducing its absolute scope 1 and scope 2 GHG emissions by approximately one-third by 2030, aiming for carbon neutrality by 2050[24]. - Eastman introduced several innovative products, including Tritan™ Renew copolyester and Naia™ biodegradable fiber, focusing on sustainability and circular economy[22]. - The AM segment is positioned to benefit from sustainability innovations through molecular recycling technologies, enabling waste plastics to be recycled into specialty plastics[33]. - The company continues to focus on molecular recycling technologies as a key area of investment for sustainable growth[199]. Market Presence and Customer Base - Approximately 60% of 2024 sales revenue was generated from outside the United States and Canada[20]. - The top 100 customers accounted for approximately 60% of the Company's 2024 sales revenue, with no single customer exceeding 10% of consolidated sales revenue[79]. - The Fibers segment's 2024 sales revenue is significantly dependent on its top 10 customers, which account for approximately 60% of total sales[48]. Innovation and Product Development - Eastman's innovation-driven growth model emphasizes leveraging technology platforms and engaging in application development to enhance market presence[21]. - The company launched electronic grade isopropyl alcohol, providing U.S. semiconductor manufacturers with a domestically made solvent[44]. - The company introduced Eastman Esmeri™, a biodegradable cellulosic biopolymer for personal care applications, enhancing performance and eco-friendliness[44]. - The AFP segment focuses on producing high-value additives that provide critical functionality, leveraging strong customer relationships for recurring business[36]. - The company leverages proprietary cellulosic biopolymers and spinning technology to optimize manufacturing efficiencies and product innovation[54]. Operational and Financial Management - The company aims to maintain a strong financial position with a disciplined approach to capital allocation, prioritizing dividends, growth opportunities, and share repurchases[27]. - Raw materials and energy costs represented approximately 45% of total operational costs in 2024[66]. - Eastman has a robust portfolio of specialty businesses, managed across four operating segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers[28]. - The Company employs dividends and share repurchases as key strategies to return value to stockholders[148]. Environmental and Regulatory Compliance - Eastman's cash expenditures related to environmental protection and improvement were $307 million in 2024, including environmental capital expenditures of approximately $70 million[85]. - The Company is subject to significant governmental laws and regulations that require substantial expenditures for compliance, impacting its competitive position[80]. - Compliance with complex health, safety, and environmental regulations may lead to significant expenditures and operational restrictions[112]. - Climate change poses physical and regulatory risks that could adversely affect Eastman's operations and financial condition[115]. Employee and Corporate Governance - The Company's global employee population is approximately 14,000, with 73% located in the United States and Canada, 14% in Europe, the Middle East, and Africa, 10% in Asia Pacific, and 3% in Latin America[75]. - In 2024, female representation globally was 40% in professional roles, 29% in leadership roles, and 22% at the executive level[75]. - Eastman’s commitment to a "zero-incident mindset" emphasizes the health, safety, and well-being of its employees, fostering a culture of accountability[86]. - The Board of Directors provides oversight of the cybersecurity program, receiving updates on performance and industry trends at least quarterly[123]. Risks and Challenges - Eastman faces significant risks related to foreign trade restrictions, which may reduce demand and increase costs for impacted products[97]. - The company is subject to operational risks common in chemical manufacturing, including potential disruptions from natural disasters and supply chain interruptions[98]. - Cybersecurity risks remain a concern, with potential incidents leading to unauthorized access and financial damage[101]. - Legal proceedings and claims could adversely affect Eastman's financial condition and operational results[105]. - Acquisitions and divestitures pose risks, including potential impairment of goodwill and increased costs from transition[107]. Financial Position and Assets - The Company had $349 million in indefinite-lived intangible assets as of December 31, 2024, with no impairment identified during the fourth quarter of 2024[161]. - Eastman reported $3.6 billion of goodwill as of December 31, 2024, with no impairments identified during the fourth quarter testing[159]. - The Company conducts annual goodwill impairment testing, with fair values exceeding carrying values for all reporting units tested in 2024[159]. - Estimated future environmental expenditures for undiscounted remediation costs range from $252 million to $495 million, with a best estimate of $252 million as of December 31, 2024[164].

Core Viewpoint - Eastman Chemical Company (EMN) reported a strong fourth-quarter performance for 2024, with net income increasing to $330 million or $2.82 per share, surpassing the previous year's profits and the Zacks Consensus Estimate [1][7]. Financial Performance - Adjusted earnings per share rose to $1.87 from $1.31 year-over-year, exceeding the Zacks Consensus Estimate of $1.58 [1]. - Revenues for the quarter were $2,245 million, slightly below the Zacks Consensus Estimate of $2,257 million, but showed a year-over-year increase of approximately 1.7% [2]. Segment Performance - The Additives and Functional Products division saw a 9% year-over-year increase in sales to $696 million, driven by higher sales volume and demand in the agriculture and aviation sectors, exceeding estimates [3]. - Advanced Materials unit sales increased by 2% year-over-year to $720 million, supported by innovation initiatives, although offset by a 3% decrease in selling prices [4]. - Chemical Intermediates sales decreased by 2% year-over-year to $503 million, impacted by weak end market demand, but still exceeded estimates [5]. - Fibers segment sales fell by 7% year-over-year to $321 million, with higher selling prices not enough to offset lower sales volume [6]. Annual Results - For the full year 2024, net sales reached $9,382 million, up from $9,210 million in 2023, with earnings per share increasing to $7.67 from $7.49 [7]. Cash Flow and Shareholder Returns - In 2024, EMN returned $679 million to shareholders through dividends and share repurchases, with cash flow from operating activities slightly declining to approximately $1,287 million [8]. Future Outlook - EMN anticipates modest volume growth in specialty businesses for 2025, with a focus on innovation and a commitment of $75-$100 million in EBITDA growth [9]. - The company expects 2025 EPS to range between $8 and $8.75, with cash from operations projected at around $1.3 billion [9]. Stock Performance - EMN stock has gained 9.2% over the past year, outperforming the industry, which saw a decline of 1.3% [11].

Core Viewpoint - Eastman Chemical Company held its Q4 2024 earnings conference call, discussing financial results and future expectations [2][3]. Group 1: Company Overview - The conference call featured key company participants including Mark Costa (Board Chair and CEO) and William McLain (EVP and CFO) [2]. - The financial results for Q4 and the full year of 2024 were released after market close, along with an SEC 8-K filing [3]. Group 2: Financial Reporting - The company provided a detailed presentation of its financial results, which can be accessed on its website [3]. - Forward-looking statements regarding the company's plans and expectations were highlighted, indicating that actual results may differ from projections [4].