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BofA Boosts Price Target on Eastman Chemical (EMN) to $75, Maintains Buy Rating
Yahoo Finance· 2025-11-12 02:59
Core Insights - Eastman Chemical Company (NYSE:EMN) is recognized as one of the 15 overlooked dividend stocks to consider for investment [1] - BofA has increased its price target for Eastman Chemical to $75 from $74 while maintaining a Buy rating, citing potential earnings growth in 2026 due to cost savings and improved asset utilization [2] - The company aims for $100 million in cost savings in 2026, building on $75 million achieved in the current year, with potential utilization boosts contributing an additional $50 million to $75 million [3] Financial Performance - Eastman Chemical reported Q3 2025 revenue of $2.2 billion, reflecting a 10.6% year-over-year decline and falling short of analysts' estimates by $73.4 million [4] - Despite the revenue drop, the company generated $402 million in operating cash flow, consistent with the same quarter last year, and returned $146 million to shareholders through dividends and share repurchases [4] Company Overview - Eastman Chemical is a global specialty materials firm that produces a diverse range of advanced materials, chemicals, and fibers utilized in everyday products [5]
Ecovyst Reports Second Quarter 2025 Results
Prnewswire· 2025-08-07 10:00
WAYNE, Pa., Aug. 7, 2025 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services, today reported results for the second quarter ended June 30, 2025. Second Quarter 2025 Results & Highlights "We are pleased with our results for the second quarter of 2025. With demand fundamentals generally in line with our expectations, we delivered Adjus ...
Ecovyst to Host Second Quarter 2025 Earnings Conference Call and Webcast on Thursday, August 7, 2025 at 11:00 a.m. ET
Prnewswire· 2025-07-24 21:00
Company Overview - Ecovyst Inc. is a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid, and sulfuric acid regeneration services [3][4] - The company supports customers globally through a strategically located network of manufacturing facilities, contributing to environmental sustainability [3] Business Segments - Ecoservices, one of the company's specialty businesses, provides sulfuric acid recycling to the North American refining industry and high-quality virgin sulfuric acid for industrial and mining applications [4] - Ecoservices also offers chemical waste handling and treatment services, along with ex-situ catalyst activation services for the refining and petrochemical industry [4] - The Advanced Materials & Catalysts segment includes the Advanced Silicas business, which supplies finished silica catalysts and functionalized silicas for high-performing plastics and sustainable chemistry [4] - The Zeolyst Joint Venture innovates and supplies specialty zeolites used in catalysts for sustainable fuel production and emission reduction from diesel engines [4] Upcoming Events - Ecovyst Inc. will conduct a conference call and audio-only webcast on August 7, 2025, at 11:00 a.m. Eastern Time to review its second quarter 2025 financial results [1] - Investors can access the live conference call via telephone or through an audio-only live webcast [2]