Exhibit 99.01 Eastman Announces Second Quarter 2025 Financial Results KINGSPORT, Tenn., July 31, 2025 – Eastman Chemical Company (NYSE:EMN) announced its second quarter 2025 financial results. | (In millions, | | except | per | share | amounts; | unaudited) | 2Q2025 | 2Q2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | revenue | | | | | | $2,287 | $2,363 | | Earnings | | before | interest | and | taxes ("EBIT") | | 222 | 337 | | Adjusted | | EBIT* | | | | | 275 | 353 | | Earnings | | ...

Company Overview - Eastman Chemical (EMN) is expected to report a year-over-year decline in earnings, with a projected EPS of $1.73, reflecting a decrease of 19.5% compared to the previous year [3] - Revenues are anticipated to be $2.29 billion, down 3.2% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 0.13% higher in the last 30 days, indicating a slight positive adjustment from analysts [4] - The Most Accurate Estimate for Eastman Chemical is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.24%, suggesting a bearish outlook from analysts [12] Historical Performance - In the last reported quarter, Eastman Chemical exceeded the consensus EPS estimate of $1.89 by delivering earnings of $1.91, resulting in a surprise of +1.06% [13] - The company has beaten consensus EPS estimates in each of the last four quarters [14] Market Sentiment - The stock's movement may be influenced by the upcoming earnings report on July 31, with potential for a price increase if results exceed expectations, or a decrease if they fall short [2] - Despite the potential for an earnings beat, the combination of a negative Earnings ESP and a Zacks Rank of 4 indicates challenges in predicting a positive outcome for Eastman Chemical [12][17] Industry Context - Methanex (MEOH), another player in the chemical industry, is also expected to report a decline in earnings, with an EPS estimate of $0.42, down 32.3% year-over-year [18] - Methanex's revenues are projected to be $873.92 million, reflecting a 5% decrease from the previous year [19]

Core Viewpoint - Euro Manganese Inc. has announced the appointment of Sherry Roberge as Interim Chief Financial Officer and Martina Blahova to the Board of Directors, effective July 15, 2025, which is expected to enhance the company's strategic execution in the battery materials sector [1][3]. Company Appointments - Sherry Roberge, a Chartered Professional Accountant with over 15 years of experience in the resource sector, has been appointed as Interim Chief Financial Officer. Her background includes roles at NorthX Nickel Corp. and Defiance Silver Corp., focusing on corporate governance, regulatory compliance, and financial reporting [2][3]. - Martina Blahova, currently the President and CEO, has also been appointed to the Board of Directors, following her successful acquisition of a Director Identification Number from the Australian Business Registry Services [3]. Company Overview - Euro Manganese is focused on producing high-purity manganese for the electric vehicle industry, with ongoing development of the Chvaletice Manganese Project in the Czech Republic and an early-stage opportunity in Bécancour, Québec [4][5]. - The Chvaletice Project involves reprocessing old tailings from a decommissioned mine, positioning the company as a key supplier of critical raw materials for battery supply chains in the European Union [5].

Summary of Conference Call Company Overview - The conference call discusses the performance and outlook of a company involved in the Additives and Functional Products, Advanced Materials, and Chemical Intermediates sectors. Key Points Industry and Business Segments - **Additives and Functional Products**: Expected to perform similarly or slightly better than Q1 due to stable end markets and a pause in tariffs [1] - **Advanced Materials**: Anticipated modest sequential improvement, with challenges in the automotive sector impacting performance [2] - **Fibers Business**: Expected to see favorable outcomes due to the tariff pause, although less than Additives and Functional Products [2] - **Chemical Intermediates**: Facing challenges with propylene and propane spreads, impacted by an unplanned outage at the Longview, Texas facility, resulting in a $15 million impact for the quarter [3][4] Financial Performance - The company is targeting $1.2 billion in cash flow for the year, with operational scenarios being evaluated for Q3 [5] - The impact of the unplanned outage and weakness in chemical intermediates may lead to performance at the low end of the expected range [4] - The company is navigating a dynamic environment with trade and tariff discussions affecting cash flow and operational efficiency [5][6] Market Conditions - The automotive sector remains challenging, with uncertainty about production levels in the second half of the year [2][7] - Stable end markets account for about 50% of the company's portfolio, with Europe showing stability at current demand levels [8] - Consumer confidence in the U.S. is relatively healthy compared to other regions, despite overall low levels [10] Cost Management - The company has seen lower propane and ethane prices, which could be beneficial in the second half of the year [11] - Cost savings initiatives have been increased, with a focus on making most savings permanent [12] - The company is converting fixed costs to variable costs to enhance operational efficiency [13][14] Circular Economy and Project Updates - The Department of Energy (DOE) pulled funding for a clean energy project, which was unexpected and disappointing for the company [18][19] - The company is exploring multiple paths forward for the Longview project, including potential re-scoping and leveraging existing contracts [20][22] - The Kingsport facility is performing well, with increased production levels expected in the second half of the year [34] Competitive Landscape - The company is gaining traction in processing hard-to-recycle materials, which is becoming a competitive advantage [36] - There is no significant change in the competition for feedstock material, and acquiring it remains manageable [37] Future Outlook - The company is optimistic about new applications and customer engagement, particularly in the context of mechanical recycling challenges [39] - Future discussions regarding expansion and new projects will depend on demonstrating progress and operational success [40] Conclusion - The company is navigating a complex market environment with a focus on operational efficiency, cost management, and strategic project developments while maintaining a positive outlook for the second half of the year.

Core Viewpoint - Euro Manganese Inc. has successfully closed a financing package totaling approximately C$11.3 million (A$12.3 million) to support the development of the Chvaletice Manganese Project following shareholder approval at the Annual General and Special Meeting [2][3][6] Financing Details - The financing package includes a private placement of common shares and CHESS Depositary Interests amounting to C$9.8 million (A$10.8 million) and a Share Purchase Plan raising A$1.5 million (C$1.4 million) [2][5][10] - The Placement involved the issuance of 54,578,350 New Securities, including 39,671,662 New Shares at C$0.18 each and 14,906,688 New CDIs at A$0.195 each [5][10] - The Share Purchase Plan consisted of 7,692,307 New CDIs at A$0.195 each, generating gross proceeds of A$1.5 million [10][11] Key Investors - Significant participation from the European Bank for Reconstruction and Development (EBRD) and Eric Sprott, with EBRD acquiring 21,400,000 units for C$3,852,000, increasing its ownership to 17.48% [18][19] - Eric Sprott acquired 16,666,666 units for C$3,000,000, representing approximately 11.7% of the outstanding shares on a non-diluted basis [21][22] Use of Proceeds - The net proceeds from the financing will be allocated to the ongoing development of the Chvaletice Manganese Project, including customer engagements, operation of the demonstration plant, and advancing permitting [3][6] Option Grant - The company granted stock options to directors, officers, employees, and consultants to purchase up to 7,020,000 common shares at an exercise price of CAD$0.19, with vesting schedules outlined [24][25] Company Overview - Euro Manganese is focused on producing high-purity manganese for the electric vehicle industry, advancing the Chvaletice Manganese Project in the Czech Republic, and exploring opportunities in Bécancour, Québec [27][28]

Core Points - Euro Manganese Inc. has appointed Ms. Martina Blahova as permanent President and CEO effective May 12, 2025, following her role as Interim CEO since November 2024 [1][2] - The Board believes Ms. Blahova is well-qualified to advance the company's strategy and the development of the Chvaletice Manganese Project [2] - Ms. Blahova emphasized the company's progress in securing government designations and strengthening its financial position, highlighting the project's relevance to Europe's decarbonization goals [3] Company Overview - Euro Manganese is focused on becoming a leading producer of high-purity manganese for the electric vehicle industry, advancing the Chvaletice Manganese Project in the Czech Republic [5][7] - The Chvaletice Project involves reprocessing old tailings from a decommissioned mine, positioning the company strategically within the European Union's battery supply chains [7] Leadership Background - Ms. Blahova has been with Euro Manganese since 2018, serving in various senior roles including Chief Financial Officer, and has played a key role in project development and operational transformation [3][4] - The Board expressed confidence in Ms. Blahova's vision and leadership, which have been instrumental in positioning the company for growth [3]

Financial Performance - Sales for Q1 2025 were $2,290 million, a slight decrease of 0.9% from $2,310 million in Q1 2024[15] - Gross profit increased to $567 million in Q1 2025, up 6.6% from $532 million in Q1 2024[15] - Net earnings attributable to Eastman rose to $182 million in Q1 2025, compared to $165 million in Q1 2024, reflecting a growth of 10.3%[15] - Basic earnings per share attributable to Eastman increased to $1.58 in Q1 2025, up from $1.40 in Q1 2024, representing a 12.9% increase[15] - The company reported a consolidated EBT of $214 million for Q1 2025, up from $214 million in Q1 2024, indicating consistent earnings before tax[15] - Net earnings for Q1 2025 were $182 million, an increase from $165 million in Q1 2024, representing an increase of 10.3%[91] - Basic earnings per share (EPS) for Q1 2025 were $1.58, compared to $1.40 in Q1 2024, reflecting a growth of 12.9%[91] Assets and Liabilities - Total assets decreased to $14,971 million as of March 31, 2025, down from $15,213 million at the end of 2024[17] - Total liabilities decreased to $9,027 million as of March 31, 2025, down from $9,361 million at the end of 2024[17] - Cash and cash equivalents decreased significantly to $418 million from $837 million at the end of 2024[17] - Total current liabilities decreased from $2,708 million as of December 31, 2024, to $2,269 million as of March 31, 2025, a reduction of 16.3%[17] - Total borrowings amounted to $5,021 million as of March 31, 2025, slightly up from $5,017 million as of December 31, 2024[38] Cash Flow - Net cash used in operating activities was $167 million in Q1 2025, compared to a net cash used of $16 million in Q1 2024[20] - The company reported a net cash used in investing activities of $131 million in Q1 2025, compared to $179 million in Q1 2024[20] Inventory and Expenses - Total inventories increased to $2,116 million as of March 31, 2025, compared to $1,988 million as of December 31, 2024, reflecting a 6.4% increase[34] - Research and development expenses rose to $67 million in Q1 2025, up from $59 million in Q1 2024, indicating a focus on innovation[15] - Capital expenditures for Q1 2025 were $139 million, compared to $147 million in Q1 2024, showing a decrease of 5.4%[107] Environmental Matters - The company’s net environmental reserve for environmental contingencies totaled $282 million as of March 31, 2025, compared to $284 million at December 31, 2024[74] - Estimated future environmental expenditures for undiscounted remediation costs range from $250 million to $503 million as of March 31, 2025[75] - Environmental remediation liabilities decreased from $252 million at December 31, 2024, to $250 million at March 31, 2025[76] - The company does not anticipate that environmental matters will have a material adverse effect on its future financial position or cash flows[73] Shareholder Returns - Cash dividends declared for the first quarter of 2025 were $96 million, reflecting a dividend of $0.83 per share[83] - Cash dividends declared were $0.83 per share for Q1 2025, compared to $0.81 per share in Q1 2024, reflecting a 2.5% increase[92] Derivatives and Hedging - The company entered into fixed-to-fixed cross-currency swaps totaling $300 million in the first quarter of 2025 to hedge against foreign currency fluctuations[52] - The total net derivative assets decreased from $35 million on December 31, 2024, to a net liability of $15 million as of March 31, 2025[61] - The company recognized a net gain of $3 million from foreign exchange derivatives in Q1 2025, compared to a net loss of $5 million in Q1 2024[67] Stock Options and Compensation - Share-based compensation expense recognized in Q1 2025 was $23 million, up from $21 million in Q1 2024, marking a 9.5% increase[99] - Approximately 408 thousand stock options were granted in Q1 2025, compared to 389 thousand in Q1 2024, indicating an increase in stock option grants[100] - The fair value of stock options granted in Q1 2025 was $26.99, up from $21.16 in Q1 2024, reflecting a 27.0% increase[101]

Financial Data and Key Metrics Changes - The company has adjusted its revenue guidance for the renew segment from $75 to $100 million to a new range of $50 to $75 million due to economic uncertainties and trade tensions impacting consumer durable markets [11][12][27] - The EBITDA contribution from manufacturing cost savings is on track to achieve the targeted $50 million for the year, with $25 million already realized in the first quarter [10][27] Business Line Data and Key Metrics Changes - The fibers business is experiencing destocking challenges, with first-quarter volume down 12%, but contract rates remain stable at around 90% [19][130] - The advanced materials segment is expected to face varying impacts from tariffs, with some products having local manufacturing capabilities mitigating risks [42][140] Market Data and Key Metrics Changes - The consumer durable market is under pressure due to tariff-related uncertainties, affecting product launches and overall market engagement [11][12][13] - The agricultural sector is expected to benefit from tariffs as they provide relief from low-priced imports, allowing for potential market share recovery [142] Company Strategy and Development Direction - The company is focusing on optimizing capital expenditures, reducing from $750 million to $550 million, to prepare for potential economic downturns while still investing in maintenance and growth [89][90] - Strategic initiatives are being pursued to enhance local manufacturing capabilities and reduce reliance on imports, particularly in the performance films and specialty plastics segments [39][140] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining cash flow generation despite uncertainties in earnings due to trade disputes and economic conditions [107][109] - The company is preparing for multiple scenarios regarding trade resolutions, indicating a cautious but proactive approach to managing inventory and customer relationships [72][82] Other Important Information - The company has received funding from the Department of Energy (DOE) and maintains a positive relationship with them, indicating confidence in ongoing support for projects related to US manufacturing and recycling infrastructure [51][56] - The impact of tariffs is primarily seen as a volume hit rather than a direct cost increase, with customers holding back orders due to uncertainty [118][120] Q&A Session Summary Question: What has been the sales and EBITDA contribution in the first quarter? - Management indicated that operational performance at the Kingsport facility has been strong, with an 85% yield on DMT feedstock and significant earnings generated in the corporate area [8][9] Question: How long do you anticipate destocking to persist in the fibers business? - Management noted that destocking is driven by customer behavior rather than market growth rates, and while it may continue, the fundamentals remain stable [18][25] Question: How much risk is there regarding China sales if tariffs remain? - Management highlighted that while there is some risk, many segments have limited exposure to China, and they are exploring ways to mitigate impacts through local production [36][38] Question: Why is cash flow more forecastable than earnings? - Management explained that cash flow generation is based on a broader set of operational solutions and working capital management, providing more certainty compared to earnings estimates [106][108] Question: What is the estimated tariff impact for the second quarter? - The estimated impact is around $30 million, primarily due to reduced sales volumes as customers hold back orders in anticipation of trade resolutions [112][118]

Core Insights - Eastman Chemical Company (EMN) reported first-quarter 2025 earnings of $1.57 per share, a 12.9% increase from $1.39 in the same quarter last year, with adjusted earnings of $1.91 per share, up 18.6% from $1.61, surpassing the Zacks Consensus Estimate of $1.89 [1][2] Financial Performance - Revenues for the first quarter were $2,290 million, missing the Zacks Consensus Estimate of $2,308.6 million, and reflecting a 1% decrease from $2,310 million in the prior-year quarter [2] - Cash used in operating activities totaled $167 million, and dividends paid to stockholders were $96 million [7] Segment Performance - **Advanced Materials**: Revenues fell 3.9% year over year to $719 million, missing the estimate of $763.7 million due to reduced selling prices and unfavorable sales volume mix [3] - **Additives & Functional Products**: Revenues increased 4.1% year over year to $733 million, exceeding the estimate of $703.3 million, driven by higher selling prices and improved sales volume mix [4] - **Chemical Intermediates**: Net sales rose 4.2% year over year to $545 million, beating the estimate of $533.5 million, attributed to increased selling prices and a stronger sales volume mix [5] - **Fibers**: Net sales declined 12.9% year over year to $288 million, missing the estimate of $325 million, primarily due to a less favorable sales volume mix and reduced selling prices [6] Guidance and Outlook - The company raised its cost reduction goal to approximately $75 million and lowered capital expenditures to about $550 million, indicating a strong position to manage challenges from increasing tariffs [8] - EMN anticipates generating around $1.2 billion in operating cash flow for full-year 2025, with adjusted EPS guidance for the second quarter projected between $1.70 and $1.90 [9][11] Market Performance - EMN's shares have decreased by 15.9% over the past year, compared to a 25.7% decline in its industry [12]

Core Insights - Eastman Chemical (EMN) reported revenue of $2.29 billion for Q1 2025, a year-over-year decline of 0.9% and a surprise of -0.81% compared to the Zacks Consensus Estimate of $2.31 billion [1] - The company's EPS for the same period was $1.91, up from $1.61 a year ago, exceeding the consensus estimate of $1.89 by +1.06% [1] Revenue Performance - Net Sales in Chemical Intermediates reached $545 million, exceeding the average estimate of $526.41 million, with a year-over-year increase of +4.2% [4] - Net Sales in Fibers were $288 million, below the average estimate of $323.18 million, reflecting a year-over-year decline of -13% [4] - Net Sales in Advanced Materials totaled $719 million, compared to the average estimate of $764.65 million, marking a year-over-year decrease of -3.9% [4] - Net Sales in Additives & Functional Products were $733 million, surpassing the average estimate of $706.46 million, with a year-over-year increase of +4.1% [4] - Net Sales in Other products amounted to $5 million, slightly above the average estimate of $4.50 million, representing a year-over-year increase of +25% [4] Adjusted EBIT Performance - Adjusted EBIT for Additives & Functional Products was $141 million, exceeding the average estimate of $127.78 million [4] - Adjusted EBIT for Advanced Materials reached $116 million, slightly above the average estimate of $114.17 million [4] - Adjusted EBIT for Chemical Intermediates was $19 million, below the average estimate of $22.78 million [4] - Adjusted EBIT for Other products was -$53 million, in line with the average estimate of -$53.70 million [4] - Adjusted EBIT for Fibers was $88 million, below the average estimate of $98.13 million [4] Stock Performance - Eastman Chemical's shares have returned -12% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]