Eastman Chemical Company (EMN) reported first-quarter 2025 earnings of $1.57 per share, reflecting a rise of 12.9% from the year-ago quarter's figure of $1.39.EMN posted adjusted earnings of $1.91 per share, up 18.6% from the year-ago quarter figure of $1.61. It surpassed the Zacks Consensus Estimate of $1.89.The company’s revenues in the first quarter were $2,290 million, which missed the Zacks Consensus Estimate of $2,308.6 million. Sales decreased around 1% from $2,310 million reported in the prior-year ...

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].