Eastman Chemical

Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products, Advanced Materials, Chemical Intermediates and Fibers. The Additives and Functional Products segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The Advanced Materials segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The Chemical Intermediates segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fiber segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q2 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Eastman Chemical reports robust Q4 performance, eyes growth opportunities

Eastman Chemical's Q4 2022 earnings call highlighted a strong performance with a focus on cost savings, sustainability, and growth opportunities. Despite challenges in certain markets and pension expenses, the company remains optimistic about its future prospects through strategic investments and portfolio transformation.

Eastman Chemical excels in Q1 with strong performance and growth opportunities

Eastman Chemical's Q1 performance showcased improvements in key business segments, sustainability efforts, and strategic guidance adjustments. The company is focused on driving growth, controlling costs, and maximizing asset utilization to achieve its financial targets.

Eastman Chemical addresses destocking impact, eyes margin growth opportunities

Eastman Chemical navigating destocking challenges in various markets with a focus on recovery as destocking lessens.
Stable performance in Fibers business despite upcoming earnings step-down in the third quarter.
Incremental margins expected to be strong next year, with a focus on capacity expansion and strategic acquisitions.
Market uncertainties persist, particularly in negotiations and the timing of restocking cycles.

Eastman Chemical expects earnings recovery in 2024 amid strategic focus

Eastman Chemical is poised for earnings recovery in 2024 through destocking completion and innovation.
The company's focus on asset utilization and cost management supports a positive outlook for growth.
Challenges like raw material price increases and market dynamics are being addressed strategically.
Opportunities in incentives, capacity expansion, and pricing strategies offer avenues for future growth.

Eastman Chemical reports stable Q4 performance and eyes growth opportunities

Eastman Chemical's Q4 performance reflects stability in certain segments and growth opportunities in Advanced Materials and AFP. The company's focus on cost management, productivity gains, and strategic plant investments positions it for future success.
Despite challenges such as inflation impact and construction delays, Eastman's strong customer relationships, operational capabilities, and product diversification are key strengths. Opportunities in EV market trends, circular economy initiatives, and volume growth offer avenues for expansion.
Navigating cost challenges, addressing destocking impacts, and aligning construction timelines with market demand are critical for Eastman's future projects. Leveraging premium products in automotive and sustainable solutions in a shifting policy landscape can drive long-term growth.

Eastman Chemical tackles challenges, eyes growth through sustainability initiatives

Eastman Chemical navigated through a challenging demand environment in '22 and '23, focusing on cost management and sustainability initiatives. Despite facing headwinds, the company remains optimistic about earnings recovery in '24 and growth prospects in the coming years.

Eastman Chemical reports solid Q2 performance, eyes growth opportunities

Eastman Chemical's Q2 2024 earnings call highlighted progress in the methanolysis plant, challenges with feedstock preparation, and strong performance in Advanced Materials. The company is focused on addressing operational issues, driving growth through recycled content demand, and investing in future capabilities for revenue growth. Analyst inquiries centered on inflation impact, maintenance expenses, and divestiture effects.

Eastman Chemical reports robust Q3 performance, eyes growth opportunities

Eastman Chemical's Q3 earnings call highlighted strong performance, with a focus on growth opportunities and cost-saving initiatives for 2025. The company faces challenges in the methanolysis unit and uncertainties around the election's impact on demand. Leveraging strengths in sustainability and innovation, Eastman Chemical aims to capitalize on opportunities in capital expenditures and product demand.

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Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Advanced Material (AM), Additives and Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The AM segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The AFP segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The CI segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fibers segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.

Shares of Eastman Chemical (NYSE:EMN) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 189.41% over the past year to $2.46, which beat the estimate of $2.30.

Recap: Eastman Chemical Q2 Earnings

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its second-quarter 2021 financial results.

Eastman Announces Second-Quarter 2021 Financial Results

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Innovative Eastman Renew materials reduce reliance on virgin plastic packaging KINGSPORT, Tenn. and CINCINNATI, Aug. 2, 2021 /PRNewswire/ -- Today Eastman (NYSE: EMN) announced that it has entered an agreement with Procter & Gamble (NYSE: PG) to further accelerate the transformation of plastic packaging and collaborate on recycling solutions to enable a circular economy.

Eastman molecular recycling technologies to advance Procter & Gamble packaging goals

Eastman Chemical (EMN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Eastman Chemical (EMN) This Earnings Season?

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3 Chemical Stocks Likely to Outshine Q2 Earnings Estimates

Eastman Chemical (EMN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Eastman Chemical (EMN) Earnings Expected to Grow: Should You Buy?

Eastman Chemical (EMN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Eastman Chemical (EMN) Keep the Earnings Surprise Streak Alive?

Eastman (EMN) collaborates with USAMP and auto recycler, Padnos, for a feasibility project to bring circularity in end-of-life automotive solutions and focus on climate and waste disposal aspects.

Eastman (EMN), USAMP & Padnos Partner for Circular Auto Solutions

New closed-loop technology will provide cost-effective solution to create new sustainable materials from automotive plastic waste KINGSPORT, Tenn., July 20, 2021 /PRNewswire/ -- Eastman (NYSE: EMN) today announced a collaboration with the United States Automotive Materials Partnership LLC (USAMP) and automotive recycler PADNOS for a concept feasibility study to demonstrate a closed-loop project to recycle automotive-industry mixed plastic waste in the automotive supply chain.

Eastman announces project with USAMP and PADNOS for fully circular recycling study in automotive market

--(BUSINESS WIRE)--The start time for Eastman's Second-Quarter 2021 Financial Results Teleconference and Webcast on Tuesday, Aug. 3, has been changed to 9:00 a.m. ET.

REVISED: Start Time Changed for Eastman Second-Quarter 2021 Financial Results Teleconference and Webcast

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Eastman (EMN) collaborates with Hydrogenious to facilitate storage and transportation of hydrogen, thus making a vital effort toward a circular economy.

Eastman (EMN) & Hydrogenious Partner to Serve Green Hydrogen

--(BUSINESS WIRE)--Eastman Schedules Second-Quarter 2021 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast

Eastman Schedules Second-Quarter 2021 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

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We're taking a new look at Eastman Chemical, and whether recent developments can justify a new stance for this company. EMN represents a significant investment in basic materials for me, and one I wish I'd invested more in given the growth we've been seeing.

Eastman Chemical - Somewhat Buyable

Eastman (EMN) introduces Cristal One recyclable resins, which are to be used by FusionPKG in its high-end packaging.

Eastman Chemical (EMN) Launches Cristal One Recyclable Resins

EMN vs. RDSMY: Which Stock Is the Better Value Option?

EMN vs. RDSMY: Which Stock Should Value Investors Buy Now?

KINGSPORT, Tenn., June 22, 2021 /PRNewswire/ -- Today, Eastman (NYSE: EMN) announces the launch of Eastman Cristal™ One, a portfolio of Resin Identification Code 1 (RIC1) resins engineered to meet the exacting demands of thick-walled packaging for luxury cosmetics.

Eastman expands its portfolio of sustainability offerings with Cristal™ One recyclable resins for cosmetics

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Within the last quarter, Eastman Chemical (NYSE:EMN) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 1 1 0 Somewhat Bullish 1 0 2 2 Indifferent 0 0 0 0 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 8 analysts offering 12-month price targets in the last 3 months for Eastman Chemical evaluate the company at an average price target of $136.5 with a high of $148.00 and a low of $126.00.

What 8 Analyst Ratings Have To Say About Eastman Chemical

The "Mad Money" host said Thursday that investors who share the Fed's inflation outlook should buy Eastman Chemical.

Jim Cramer sees 'terrific' opportunity to buy the dip in Eastman Chemical shares

Eastman Chemical (EMN) agrees to sell off tire additives product lines to an affiliate of One Rock Capital Partners, LLC for $800 million.

Eastman Chemical (EMN) to Divest Tire Additives Product Lines

Eastman Chemical (EMN) benefits from cost-management actions, improved end-market demand and innovation.

Why You Should Add Eastman Chemical (EMN) to Your Portfolio

NEW YORK, June 9, 2021 /PRNewswire/ -- One Rock Capital Partners, LLC ("One Rock") today announced that one of its affiliates has entered into an agreement to acquire the tire additives business of Eastman Chemical Company ("Eastman"; NYSE: EMN). Eastman's tire additives business is a global leader in critical specialty chemicals for the tire industry with an unmatched asset footprint and superior technical services.

News for Eastman Chemical Stock (EMN)