Eastman(US:EMN)2025-04-25 15:40Financial Performance - 1Q25 revenue was $2,290 million, a decrease of 1% compared to 1Q24[7] - Adjusted EBIT for 1Q25 was $311 million, compared to $274 million in 1Q24[7] - Adjusted EBIT margin improved by 170 basis points year-over-year[6, 7] - Adjusted EPS grew by 19% in 1Q25, reaching $1.91[6, 7] Segment Results - Advanced Materials revenue was $719 million, a decrease of 4% compared to 1Q24, with an adjusted EBIT margin of 16.1%, a 220 basis points increase[14, 19] - Additives & Functional Products revenue increased by 4% to $733 million, with an adjusted EBIT margin of 19.2%[21] - Fibers revenue decreased by 13% to $288 million, with an adjusted EBIT margin of 30.6%[28] - Chemical Intermediates revenue increased by 4% to $545 million, with an adjusted EBIT margin of 3.5%[35] Circular Economy and Future Outlook - The Kingsport methanolysis facility is performing strongly, expected to contribute around $75 million in EBITDA for FY25 compared to FY24[9, 12] - Capital expenditures for FY25 are reduced to approximately $550 million from the previous $700 million–$800 million[48, 50, 54] - The company expects approximately $1.2 billion of operating cash flow for FY25[48, 50]