Eastman and Debrand demonstrate the transformational power of molecular recycling technology to address the textile waste challenge. The partnership raises the bar for sustainable practices in the fashion sector by offering more circular solutions for apparel waste. Before it collaborated with Eastman, Debrand received a strategic investment from Waste Management, North America's leading provider of complete waste management, to supply circular solutions in the United States and Canada. Shares of Eastman ha ...

Forecast-topping earnings performance in the first quarter of 2024 and upbeat prospects have contributed to the rally in the company's shares. EMN's adjusted earnings of $1.61 per share trounced the Zacks Consensus Estimate of $1.41. Revenues of $2,310 million for the quarter also beat the Zacks Consensus Estimate of $2,259.2 million. Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program. EMN is taking actions to ...

This was an exceptional chance for two premier material companies to capitalize on sustainable multi-material solutions that enable customer innovation and push the boundaries of consumer product experiences, Lubrizol noted. Shares of Eastman have gained 24.4% over the past year compared with a 1.1% rise of its industry. Eastman Chemical predicts uncertain primary demand in key markets and regions through the remainder of 2024. However, the company continues to gain from its innovation-driven growth approac ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 (NYSE:EMN) Q1 2024 Earnings Conference Call April 26, 2024 8:00 AM ET Company Participants Greg Riddle - IR Mark Costa - Board Chair and CEO William McLain - EVP and CFO Conference Call Participants Vincent Andrews - Morgan Stanley Aleksey Yefremov - KeyCorp Duffy Fischer - Goldman Sachs Frank Mitsch - Fermium Research David Begleiter - Deutsche Bank Jeff Zekauskas - JPMorgan John Roberts - Mizuho Kevin McCarthy - Vertical Research Partners Patrick Cunningham - Citi Josh Spector - U ...

Eastman Chemical Company (EMN) reported first-quarter 2024 earnings of $1.39 per share, reflecting a rise of 24.1% from the year-ago quarter's figure of $1.12.EMN posted adjusted earnings of $1.61 per share, down 1.2% from the year-ago quarter figure of $1.63. It surpassed the Zacks Consensus Estimate of $1.41.The company’s revenues in the first quarter were $2,310 million, which beat the Zacks Consensus Estimate of $2,259.2 million. Sales decreased around 4.2% from $2,412 million reported in the prior-year ...

For the quarter ended March 2024, Eastman Chemical (EMN) reported revenue of $2.31 billion, down 4.2% over the same period last year. EPS came in at $1.61, compared to $1.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.26 billion, representing a surprise of +2.25%. The company delivered an EPS surprise of +14.18%, with the consensus EPS estimate being $1.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Exhibit 99.01 Eastman Announces First Quarter 2024 Financial Results KINGSPORT, Tenn., April 25, 2024 – Eastman Chemical Company (NYSE:EMN) announced its first quarter 2024 financial results. | (In millions, | except | per | share | amounts; | unaudited) | 1Q2024 | 1Q2023 | | --- | --- | --- | --- | --- | --- | --- | --- | | Sales revenue | | | | | | $2,310 | $2,412 | | Earnings | before | interest | and | taxes ("EBIT") | | 263 | 246 | | Adjusted | EBIT* | | | | | 274 | 283 | | Earnings per | diluted | sha ...

Fahroni An essential characteristic of any diversified or actively managed portfolio is the presence of cyclical stocks at various points in market cycles. The structural volatility of the business cycles provides ample opportunity to generate a decent alpha. The following most desirable characteristics we look for in a cyclical stock are to ascertain the resilient nature of the business and management prudence to understand if the company has the right kind of foundations to withstand the cyclical head ...