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Eastman(EMN) - 2025 Q1 - Earnings Call Transcript
2025-04-25 15:39
Eastman Chemical Company (NYSE:EMN) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Greg Riddle - IR Mark Costa - Board Chair & CEO William McLain - EVP & CFO Conference Call Participants Patrick Cunningham - Citigroup David Begleiter - Deutsche Bank Aleksey Yefremov - KeyCorp Vincent Andrews - Morgan Stanley Jeff Zekauskas - JPMorgan Kevin McCarthy - Vertical Research Partners Frank Mitsch - Fermium Research Michael Sison - Wells Fargo James Cannon - UBS Operator Good day, e ...
Eastman Chemical's Earnings Surpass Estimates, Sales Miss in Q1
ZACKS· 2025-04-25 13:25
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 ...
Ecopetrol S.A. Board of Directors Announcement
Prnewswire· 2025-04-24 14:15
BUSINESS COMMITTEE CORPORATE GOVERNANCE AND SUSTAINABILITY COMMITTEE Luis Felipe Henao Cardona (Chairperson) REMUNERATION, APPOINTMENTS, AND CULTURE COMMITTEE HSE COMMITTEE BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, in its session on April 22 and 23, 2025, decided that Guillermo García Realpe and Mónica de Greiff Lindo will continue in their roles as Chairperson and Vice-Chairperson of the Board of Directors, respectively. ...
Compared to Estimates, Element Solutions (ESI) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-04-23 23:31
Core Insights - Element Solutions (ESI) reported revenue of $593.7 million for the quarter ended March 2025, reflecting a 3.3% increase year-over-year and surpassing the Zacks Consensus Estimate of $584.63 million by 1.55% [1] - The company's EPS remained stable at $0.34, matching the year-ago quarter and exceeding the consensus estimate of $0.33 by 3.03% [1] Financial Performance Metrics - Net Sales in the Industrial & Specialty segment were $199.40 million, slightly above the estimated $199.07 million, but down 11.7% compared to the previous year [4] - Net Sales in the Electronics segment reached $394.30 million, exceeding the average estimate of $385.57 million and showing a year-over-year increase of 12.9% [4] - Adjusted EBITDA for the Industrial & Specialty segment was $39.50 million, surpassing the estimated $37.37 million [4] - Adjusted EBITDA for the Electronics segment was $88.90 million, slightly above the average estimate of $87.90 million [4] Stock Performance - Over the past month, shares of Element Solutions have declined by 24.3%, contrasting with a 6.6% decrease 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]
Northern Technologies International Corporation Announces Quarterly Cash Dividend
Globenewswire· 2025-04-16 12:00
Company Overview - Northern Technologies International Corporation (NTIC) is a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds [2] - The company operates in over 65 countries through subsidiaries, joint ventures, independent distributors, and agents [2] - NTIC's primary business focuses on corrosion prevention, marketed mainly under the ZERUST® brand, with over 50 years of experience in various markets including automotive, electronics, and military [2] Recent Developments - The Board of Directors declared a quarterly cash dividend of $0.01 per share, payable on May 14, 2025, to shareholders of record at the close of business on April 30, 2025 [1] Product and Service Offerings - NTIC offers a range of proprietary products and services for rust and corrosion prevention, along with technical consulting for specific user needs [2] - The company has expanded its offerings to include bio-based and biodegradable polymer resin compounds marketed under the Natur-Tec® brand [2]
NL INDUSTRIES ANNOUNCES EXPECTED FIRST QUARTER 2025 EARNINGS RELEASE DATE
Globenewswire· 2025-04-15 20:15
Core Viewpoint - NL Industries, Inc. is set to announce its first quarter 2025 earnings on May 7, 2025, after market close, pending the completion of quarter-end closing procedures [1] Company Overview - NL Industries, Inc. operates in two primary business segments: component products, which include security products and recreational marine components, and chemicals, specifically titanium dioxide (TiO2) [1]
BASF Upgrades Sunscreen Simulator With Additional Features
ZACKS· 2025-04-08 13:06
Group 1: Core Developments - BASF SE has enhanced its Sunscreen Simulator, a digital platform for developing and optimizing sun care formulations, with the updated version set to be unveiled at the in-cosmetics Global event in Amsterdam from April 8 to April 10 [1] - The new technical feature allows users to choose from various formulation types, such as oil in water (O/W) and water in oil (W/O), to assess the impact of the formulation base on performance, marking a significant advancement in SPF simulation accuracy [2] - The upgrade includes solubility calculations and assessments, linking the filter system with specific emollients to provide detailed information on the dissolved percentage of solid UV filters and their interactions, aiding in formulation optimization [3] Group 2: Market Position and Integration - The Sunscreen Simulator has become an industry standard over 25 years, now integrated into D'lite, BASF's digital knowledge service platform, enhancing efficiency and innovation in formulation development [4] - Users can explore the sun care market and analyze consumer products, gaining insights into product offerings and market trends, with the simulator available to all registered D'lite users [4] Group 3: Financial Performance - BASF's shares have declined by 23% over the past year, compared to a 32.2% decline in its industry [6]
Huntsman to Discuss First Quarter 2025 Results on May 2, 2025
Prnewswire· 2025-04-07 20:05
THE WOODLANDS, Texas, April 7, 2025 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) will hold a conference call on Friday, May 2, 2025, at 10:00 a.m. ET to discuss its first quarter 2025 financial results. Following some opening remarks, the call will move into a question and answer session.The earnings press release, including financial statements and segment information, will be distributed after the market closes on Thursday, May 1, 2025. The earnings slide presentation and prepared remarks will be avai ...
KWR Wraps Up Dipsol Chemicals Buyout & Announces Natech Acquisition
ZACKS· 2025-04-04 12:50
Quaker Chemical Corporation (KWR) recently completed the acquisition of Dipsol Chemicals Co., Ltd., a prominent supplier of surface treatment and plating solutions mainly for the automotive and other industrial sectors, for JPY 23 billion (roughly $153 million). Based in Japan, Dipsol operates worldwide, having generated around $82 million in revenues for the 12 months ended Dec 31, 2024. The acquisition value reflects a multiple of about 10.5 times Dipsol's trailing 12-month estimated adjusted EBITDA of ap ...
BASF Launches the First Plant for Recycled Polyamide 6 Production
ZACKS· 2025-04-02 13:55
Group 1 - BASF SE has launched the world's first commercial loopamid facility in Caojing, Shanghai, with an annual capacity of 500 metric tons, marking a significant advancement in sustainable product supply for the textile sector [1] - Loopamid is a recycled polyamide 6 derived exclusively from textile waste, addressing the textile industry's increasing demand for sustainable polyamide 6 fibers and enabling textile-to-textile recycling across various fabric mixes [2] - The establishment of the loopamid facility supports the textile circular economy and aids customers in achieving their sustainability objectives [2] Group 2 - BASF's shares have declined by 14.4% over the past year, which is less than the 18.7% decline experienced by its industry [4] - BASF currently holds a Zacks Rank of 3 (Hold), while other companies in the basic materials sector, such as Carpenter Technology Corporation, CSW Industrials Inc., and Axalta Coating Systems Ltd., have better rankings [5] - Carpenter Technology has seen a significant share price increase of 156.6% over the past year, outperforming the Zacks Consensus Estimate in the last four quarters with an average earnings surprise of 15.7% [5]