Operating Cash Flow (OCF) is the cash generated by a company's normal business operations. It's the revenue received for making and selling its products and services. https://t.co/pZOupGFY24 ...

Learn how the Price-to-Cash Flow (P/CF) Ratio evaluates a stock's price against its operating cash flow per share, why it's better than P/E, with examples and calculations. https://t.co/3Fxq8g3FbD ...

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 Viewpoint - Rivian Automotive has achieved its first positive gross margin in Q4 2024, marking a significant milestone in its journey towards becoming a sustainable business, although challenges remain ahead [2][10]. Financial Performance - Rivian reported a quarterly gross profit of $170 million with a gross margin rate of 9.8%, a significant improvement from a negative 46% a year ago [2][3]. - Q4 revenue increased by 32% to $1.73 billion, with automotive revenue rising 26% to $1.52 billion and software and services revenue doubling to $214 million [4]. - Adjusted EBITDA loss improved from $1 billion in the prior year to a loss of $277 million [5]. Production and Delivery - The company delivered 14,183 vehicles in Q4, a 2% increase from the previous year, but manufactured only 12,727 vehicles due to supply constraints [4]. - Rivian plans to deliver between 46,000 and 51,000 vehicles in 2025, with a temporary shutdown of its current plant to prepare for the launch of the R2 SUV [8]. Cost Management - Rivian reduced manufacturing costs by $31,000 per vehicle year over year, primarily through lower material costs and improved manufacturing processes [3]. - The company aims to achieve a modest full-year gross profit in 2025, despite projected negative adjusted EBITDA of $1.7 billion to $1.9 billion [8]. Strategic Partnerships and Future Plans - Rivian secured a loan of up to $6.6 billion from the Department of Energy to support its new manufacturing facility in Georgia and formed a joint venture with Volkswagen, which will invest up to $5.8 billion [6][11]. - The R2 SUV, expected to launch in the first half of 2026, will have a base price around $45,000, aimed at increasing market appeal compared to the R1S SUV [7][10].