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 ...

Wall Street analysts expect Eastman Chemical (EMN) to post quarterly earnings of $1.99 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $2.37 billion, up 2% from the year-ago quarter. Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

Eastman Chemical (EMN) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are bet ...