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]

Financial Data and Key Metrics Changes - Net sales were $10.4 billion, down 3% year-over-year, reflecting declines in all operating segments due to margin pressures [8][10] - EBITDA was $944 million, down compared to the same period last year, as volume gains were offset by margin compression [10] - Cash flow from continuing operations was $104 million, with returns to shareholders totaling $494 million in dividends for the quarter [10][12] Business Line Data and Key Metrics Changes - **Packaging and Specialty Plastics**: Net sales decreased year-over-year due to pricing pressures, although volume improved by 4% [25][26] - **Industrial Intermediate and Infrastructure**: Net sales declined both year-over-year and sequentially, with a 1% volume gain driven by improved supply availability [27][30] - **Performance Materials and Coatings**: Net sales decreased 4% year-over-year, but operating EBIT increased due to lower fixed costs [31][33] Market Data and Key Metrics Changes - Global demand remains below historical average GDP levels, with significant impacts from tariffs affecting expectations for growth [42][43] - North American domestic demand continues to grow, but there are concerns about inventory levels and inflation [44][46] - European markets are experiencing softness, particularly in housing demand, with a decline in building permits [46][48] Company Strategy and Development Direction - The company is focused on operational discipline, cost reductions, and aligning capacity to slower GDP conditions [8][14] - A strategic review of select European assets has been expanded, particularly in polyurethanes, to enhance near-term cash flow [12][20] - The company aims to deliver at least $1 billion in targeted cost savings by 2026, with a focus on improving margins and long-term competitiveness [60][62] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the prolonged downturn in the industry, with a third consecutive year of below 3% GDP growth [14][68] - The company remains agile, taking decisive actions to reduce costs and protect margins amid geopolitical and macroeconomic concerns [14][68] - Future visibility is contingent on tariff negotiations and overall demand recovery, with a commitment to transparency in updates [49][124] Other Important Information - The company expects to receive approximately $2.4 billion from a strategic transaction with Macquarie Asset Management, with potential additional proceeds later in the year [13][58] - A final ruling on pending litigation is expected to yield over $1 billion in cash proceeds [13][60] - The company is delaying construction on a major project to align with market conditions, reducing total CapEx for 2025 by approximately $1 billion [11][18] Q&A Session Summary Question: Context on Alberta project delay and market conditions - Management indicated that the decision to delay was based on current market uncertainties and will be revisited regularly [73][78] Question: Outlook for EBITDA improvement in the second half - Management highlighted upcoming projects that will contribute positively, alongside expected cost reductions and normalization of input costs [81][84] Question: Impact of Chinese tariffs on polyethylene prices - Management discussed the active engagement in tariff discussions and the potential for reconfiguring supply chains to mitigate impacts [88][90] Question: Security of the dividend in the current environment - Management emphasized the importance of maintaining dividend yield and the need to monitor macro conditions closely [120][123] Question: Strategic review of European assets - Management explained the expansion of the review scope due to better ownership opportunities and the need to rationalize capacity in response to market conditions [134][135]

Financial Performance & Strategic Actions - Net sales reached $10.4 billion, marking the 6th consecutive quarter of YoY volume growth[6] - Operating EBITDA was $944 million, a decrease YoY[6] - The company is implementing at least $1 billion in annualized cost reductions across 2025 & 2026[6] - Expect ~$4 billion in unique-to-Dow cash levers in 2025, including up to ~$3 billion from infrastructure asset sales and >$1 billion NOVA judgment[6] Capital Expenditure & Asset Review - Total CapEx for the quarter was $685 million, below D&A levels, and will remain below for FY25[6] - 2025 CapEx is now expected to be $2.5 billion, a reduction of ~$1 billion compared to the original plan of $3.5 billion[9,45] - The company is expanding the scope of its European asset review to include 3 additional upstream assets for further action, potentially leading to idling or shutting down facilities[6,9] Segment Performance Highlights - Packaging & Specialty Plastics: Revenue of $5.31 billion in 1Q25[11] - Industrial Intermediates & Infrastructure: Revenue of $2.855 billion in 1Q25[16] - Performance Materials & Coatings: Revenue of $2.071 billion in 1Q25[23] Outlook & Cash Support - Expect to receive initial cash proceeds of ~$2.4 billion for a 40% equity stake in select USGC infrastructure assets, with a potential additional ~$600 million if an option is exercised[45]

CONTACT: On April 4, 2025, the Wall Street Journal published an article reporting that China's market regulator "has launched an antimonopoly probe into DuPont's China operations[.]" On this news, DuPont's stock price fell $8.64 per share, or 12.75%, to close at $59.14 per share on April 4, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded ...

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DuPont de Nemours, Inc. (“DuPont” or the “Company”) (NYSE: DD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether DuPont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 4, 20 ...

Wall Street analysts expect Dow Inc. (DOW) to post quarterly loss of $0.02 per share in its upcoming report, which indicates a year-over-year decline of 103.6%. Revenues are expected to be $10.27 billion, down 4.6% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 46% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a compan ...

Core Viewpoint - Bank of America Securities analyst Steve Byrne downgraded Dow Inc. from Buy to Underperform, citing a "perfect storm" of weakening macroeconomic conditions, rising U.S. feedstock costs, and increasing trade barriers [1] Group 1: Financial Forecasts - EBITDA forecasts for 2025 and 2026 have been significantly reduced by 17% and 23%, respectively, now expected at $4.8 billion and $5.4 billion [1] - Projected free cash flow shortfalls for 2025-26 are expected to widen to $2.6 billion from the previously estimated $1.25 billion [3] Group 2: Dividend and Leverage Concerns - Dow's annual dividend of around $2 billion is now seen as increasingly at risk [3] - Net leverage is expected to approach 3x through 2027 [3] Group 3: Revenue and Market Risks - Dow's reliance on sectors like housing, construction, and automotive could significantly pressure earnings amid a slowing global economy [4] - Approximately 30% of Dow's revenue comes from the more resilient packaging segment, but strong dependence on polyethylene exports poses notable risks [4] - The U.S. is a major net exporter of polyethylene, accounting for 40%-50% of Dow's sales, with China representing over 20% of these exports [4] Group 4: Price and Demand Outlook - Recent steep tariffs imposed by China threaten Dow's critical revenue stream [5] - Anticipated lower volumes and weaker profit margins across key segments have led to downward revisions in estimates [5] - For U.S. polyethylene, expected price gains have been revised down to just 1 cent per pound over the next three months, compared to a previously expected 3 cents, with price declines anticipated later in the year [5] - The cautious outlook is attributed to concerns about weakening demand and already high inventory levels [6]

MISSISSAUGA, ONTARIO, April 14, 2025 (GLOBE NEWSWIRE) -- The French version of this press release is available here. BASF and the University of Toronto have signed a Master Research Agreement (MRA) to streamline innovation projects and increase collaboration between BASF and Canadian researchers. This partnership is part of a regional strategy to extend BASF's collaboration with universities in North America into Canada. This is a great achievement for BASF, as it marks the company's first MRA with a Canadi ...

Company Overview - FutureFuel Corp. is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuels [2] - The company produces custom chemicals for specific customers and performance chemicals for multiple customers [2] - FutureFuel's custom chemicals include proprietary intermediates and chlorinated polyolefin adhesion promoters [2] - The performance chemicals portfolio features polymer modifiers and small-volume specialty chemicals for various applications [2] - The biofuels segment primarily focuses on the production and sale of biodiesel [2] Financial Announcement - FutureFuel will release its first quarter 2025 financial results after market close on May 12, 2025 [1]

Group 1 - Solvay introduced its "Essential for generations" strategy and launched the "For Generations" sustainability roadmap, aiming for carbon neutrality for Scope 1 and 2 Greenhouse Gas emissions by 2050 [2][7] - The 2024 Annual Integrated Report highlights the company's financial, environmental, and societal performance, showcasing resilience in results and transformation in culture, operating model, and governance [2][7] - Solvay reported underlying net sales of €4.7 billion in 2024, emphasizing its commitment to sustainability and essential solutions [7] Group 2 - The report includes detailed financial statements and sustainability statements prepared in accordance with the European Sustainability Reporting Standards (ESRS) [2] - The 2024 report and additional information on payments to governments are available on Solvay's website [3]