Eastman(US:EMN)2025-01-31 12:59Financial Performance & Outlook - The company's FY24 revenue was $9382 million, a 2% increase compared to $9210 million in FY23[7] - Adjusted EBIT for FY24 was $1298 million, up from $1097 million in FY23, with an adjusted EBIT margin of 138% versus 119%[7] - The company expects FY25 adjusted EPS to be between $800 and $875[45] - The company anticipates FY25 operating cash flow to be approximately $13 billion[41, 45] Segment Performance & Outlook - Advanced Materials' FY24 revenue increased by 4% to $3050 million, with an adjusted EBIT of $464 million and a margin of 152%[13] The company expects FY 2025 adjusted EBIT $500 million to $525 million[17] - Additives & Functional Products saw FY24 revenue rise by 1% to $2862 million, with an adjusted EBIT of $490 million and a margin of 171%[19] The company expects FY 2025 adjusted EBIT >$500 million[23] - Fibers' FY24 revenue was $1318 million, a slight increase from $1295 million, with an adjusted EBIT of $454 million and a margin of 344%[26] The company expects FY 2025 adjusted EBIT $400 million to $425 million[31] - Chemical Intermediates' FY24 revenue was $2134 million, relatively flat compared to $2143 million, with an adjusted EBIT of $101 million and a margin of 47%[34] The company expects FY 2025 adjusted EBIT slightly above FY 2024 levels[38] Strategic Initiatives - The company returned approximately $700 million to shareholders through dividends and share repurchases in FY24[5] - The company projects $75 million–$100 million of incremental EBITDA from Kingsport methanolysis in 2025[10, 45]