Eastman Chemical Company's (EMN) shares have gained 13.9% over the past six months. The company has also outperformed its industry's rise of 4.4% over the same time frame. Moreover, it has topped the S&P 500's around 11% 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? Better-than-expected earnings performance in the second quarter and upbeat prospects have contrib ...

Eastman Chemical Company (EMN) is benefiting from cost-cutting and productivity actions as well as its innovation-driven growth model amid challenges from soft demand in certain markets. Eastman Chemical, which is among the prominent players in the chemical space along with Dow Inc. (DOW) , Celanese Corporation (CE) , Air Products and Chemicals, Inc. (APD) , is expected to benefit from lower operating costs from its operational transformation program in 2024. EMN is taking action to keep its manufacturing a ...

Eastman Chemical Company (NYSE:EMN) Q2 2024 Earnings Conference Call July 26, 2024 5:00 PM ET Company Participants Gregory Riddle - IR Mark Costa - Board Chair and CEO William McLain - EVP and CFO Conference Call Participants Patrick Cunningham - Citigroup Josh Spector - UBS Frank Mitsch - Fermium Research Jeff Zekauskas - JPMorgan Aleksey Yefremov - KeyCorp David Begleiter - Deutsche Bank Arun Viswanathan - RBC Michael Leithead - Barclays Patrick Fischer - Goldman Sachs Duffy Fischer - Goldman Sachs Vincen ...

Eastman enters into fixed-to-fixed cross-currency swaps and designates these swaps to hedge a portion of its net investment in a nonU.S. dollar functional currency denominated subsidiary against foreign currency fluctuations. These contracts involve the exchange of fixed U.S. dollars with fixed foreign currency interest payments periodically over the life of the contracts and an exchange of the notional amounts at maturity. Table of Contents The following table presents the notional amounts outstanding at J ...

Prepared remarks Earnings referenced in this presentation and the accompanying prepared remarks exclude certain non-core and unusual items. "Adjusted EBIT" is Earnings Before Interest and Taxes ("EBIT") adjusted for non-core and unusual items. "Adjusted EBIT Margin" is Adjusted EBIT divided by GAAP sales. "Adjusted EBITDA" is Earnings Before Interest, Taxes, Depreciation, and Amortization adjusted for non-core and unusual items. "Net Debt" is total borrowings less cash and cash equivalents. "Net Debt to Adj ...

Eastman Chemical Company (EMN) recorded a second-quarter 2024 profit of $230 million or $1.94 per share compared with $272 million or $2.27 in the year-ago quarter. Revenues increased roughly 1.7% year over year to $2,363 million in the quarter. The figure missed the Zacks Consensus Estimate of $2,369.3 million. Sales volume increased slightly, led by durables and automotive end markets and was also aided by the end of customer inventory destocking in most end markets. The improvement was partly offset by t ...

Here is how Eastman Chemical performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Eastman Chemical have returned -1.9% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Eastman Chemical (EMN) reported $2.36 billion in revenue for the quarter ended June 2024, representing a year- ...

Eastman Chemical (EMN) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.04%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $1.41 per share when it actually produced earnings of $1.61, delivering a surprise of 14.18%. Over the last four qua ...

EASTMAN | --- | --- | |--------------------------------------------------------------|------------------------| | (Dollars in millions, unaudited) | First Quarter \n2024 | | Sales by Segment | | | Advanced Materials Additives & Functional Products | $ 748 704 | | Chemical Intermediates | 523 | | Fibers | 331 | | Total Sales by Segment | 2,306 | | Other | 4 | | Total Eastman Chemical Company | $ 2,310 | EASTMAN (1) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------- ...

Let's see how things are shaping up for this announcement. Eastman Chemical Company (EMN) is scheduled to release second-quarter 2024 results after the closing bell on Jul 25. Eastman is expected to have benefited from cost-cutting and productivity initiatives, as well as its innovationdriven growth strategy. However, soft demand in certain markets is likely to have weighed on its second-quarter performance. Image Source: Zacks Investment Research Zacks Model Zacks Rank: Eastman Chemical currently carries a ...