reports
Eastman Announces First-Quarter 2024 Financial Results
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2024 financial results. This press release features multimedia. View the full release here: Delivered strong sequential increase in sales volume/mix and earnings driven by reconnection to primary demand for many of our specialty products in Advanced Materials and Additives & Functional Products. Achieved on spec production and revenue generation at our Kingsport methanolysis facility. Pathway to ~$75 million of incremental EBITDA in 2024 vs. 2023 from Kingsport methanolysis facility. ...
Eastman Honored as a 2024 VETS Indexes 4-Star Employer
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman is proud to announce that the company has earned the designation of VETS Indexes 4-Star Employer for 2024. The award recognizes Eastman’s commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community. “We value the many unique skills that veterans bring to Eastman, and we appreciate the significant contributions they have made to our organization,” said Travis Smith, Senior Vice President of Additives & Functional Products and executive sponsor for Eastman’s veterans resource group. “We are ho...
Eastman Schedules First-Quarter 2024 Financial Results News Release an...
Eastman Chemical Company (NYSE:EMN): Financial Results Release: Thursday, April 25, 2024 Approximately 4:15 p.m. Eastern Time Via wire distribution and , News Center and SEC Form 8-K filing. Advance Slides, Webcast and Teleconference: Friday, April 26, 2024 8:00 a.m. Eastern Time Via listen-only live webcast and teleconference. Advance slides and prepared remarks: posted Thursday, April 25, evening at Webcast: to join live webcast Teleconference: Toll-Free dial-in number +1 (833) 470-1428 Passcode: 896570 Teleconfere...
Eastman Molecular Recycling Facility Achieves On-Spec Initial Producti...
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman (NYSE: EMN) today announced it has achieved on-spec initial production and is generating revenue from its new molecular recycling facility in Kingsport, Tennessee. The company expects to ramp up production of the new facility over the coming months and enable growth across a wide range of markets. Achieving this critical milestone enables the company’s pathway to deliver approximately $75 million of incremental EBITDA in 2024 from this facility as it builds momentum in its circular economy platform. “We are thankful for the hard work and dedication...
Eastman CFO Willie McLain to address the J.P. Morgan Industrials Confe...
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE:EMN): Industrials Conference Willie McLain, Executive Vice President and Chief Financial Officer, Eastman Chemical Company (NYSE:EMN), will address the J.P. Morgan Industrials Conference on March 14, 2024 at 8:30 a.m. ET. Live Webcast Mr. McLain’s presentation will be webcast live on . Replay An audio replay of the presentation will be available at , events & presentations. View source version on businesswire.com:
Eastman CEO Mark Costa to address the Barclays Industrial Select Confe...
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE:EMN): Industrial Select Conference Mark Costa, Board Chair and Chief Executive Officer, Eastman Chemical Company (NYSE:EMN), will address the Barclays Industrial Select Conference on February 22, 2024 at 10:20 a.m. ET. Live Webcast Mr. Costa’s presentation will be webcast live on . Replay An audio replay of the presentation will be available at , events & presentations. View source version on businesswire.com:
Eastman Board Declares Dividend
KINGSPORT, Tenn.--(BUSINESS WIRE)-- The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable April 5, 2024, to stockholders of record as of March 15, 2024. Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to saf...
Moody's announces completion of a periodic review of ratings of Eastma...
Moody's Investors Service (Moody's) has completed a periodic review of the ratings of Eastman Chemical Company and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 6 February 2024 in which Moody's reassessed the appropriateness of the r...
Eastman Announces Fourth-Quarter and Full-Year 2023 Financial Results
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE:EMN) announced its fourth-quarter and full-year 2023 financial results. This press release features multimedia. View the full release here: Delivered approximately $1.4 billion of cash from operating activities in 2023, demonstrating the strength of our cash flow. Demonstrated commercial excellence in our pricing by leveraging the strength of our value proposition to offset significant macro-driven volume challenges. Reduced costs by approximately $200 million in 2023, net of inflation. Closed the previously announc...
Eastman Schedules Fourth-Quarter and Full-Year 2023 Financial Results ...
Eastman Chemical Company (NYSE:EMN): Financial Results Release: Thursday, Feb. 1, 2024 Approximately 4:15 p.m. Eastern Time Via wire distribution and , News Center and SEC Form 8-K filing. Advance Slides, Webcast and Teleconference: Friday, Feb. 2, 2024 8:00 a.m. Eastern Time Via listen-only live webcast and teleconference. Advance slides and prepared remarks: posted Thursday, Feb. 1, evening at Webcast: to join live webcast Teleconference: Toll-Free dial-in number +1 (833) 470-1428 Passcode: 844307 Teleconference Pre-R...
Eastman Earns Top Score in Human Rights Campaign Foundation’s 2023-202...
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman (NYSE: EMN) proudly announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Eastman joins the ranks of 545 major U.S. businesses that also earned top marks this year. “Eastman is a global material innovation company, but more importantly, we’re a people company,” said Julie McAlindon, Senior Vice President, Regions and Chief Supply Chain Officer, and exe...
Eastman Increases Dividend for 14th Consecutive Year
KINGSPORT, Tenn.--(BUSINESS WIRE)-- The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared an increase in the quarterly cash dividend from $0.79 to $0.81 per share on its common stock. The dividend is payable Jan. 5, 2024, to stockholders of record as of Dec. 18, 2023. “We remain committed to our long history of returning cash to our stockholders, and I am pleased that we are increasing our dividend for the 14th consecutive year,” said Willie McLain, executive vice president and chief financial officer. “This action reflects the Board’s confidence in our ability to deliv...
Eastman Completes Sale of Texas City Operations
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE:EMN) announced that it has completed the previously reported sale of its Texas City Operations to INEOS Acetyls. Texas City Operations was previously part of Eastman’s Chemical Intermediates segment. Eastman has retained ownership of its plasticizer business at the site, which INEOS now operates for Eastman as part of this agreement. Eastman will also continue to manufacture acetyls at its Tennessee Operations in Kingsport. The total sale price of $490 million consists of approximately $415 million cash at closing and the rem...
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Eastman CEO Mark Costa to address Citi Basic Materials Conference
Eastman Chemical Company (NYSE:EMN): Basic Materials Conference Mark Costa, Board Chair and Chief Executive Officer, Eastman Chemical Company (NYSE:EMN), will address the Citi Basic Materials Conference on November 28, 2023, at 11:00 a.m. ET. Live Webcast Mr. Costa’s presentation will be webcast live on . Replay An audio replay of the presentation will be available at , events & presentations. View source version on businesswire.com:
Eastman Announces Third-Quarter 2023 Financial Results
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE:EMN) announced its third-quarter 2023 financial results. This press release features multimedia. View the full release here: Generated greater than $500 million cash from operating activities in the third quarter, underpinned by decisive actions to reduce inventories Modest sequential improvement in volume/mix in several key end markets, including consumer durables and personal care, despite a persistently weak demand environment On track to achieve full-year cost reductions of more than $200 million, net of inflation ...
Eastman Named to 100 Best Corporate Citizens of 2023
KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman (NYSE: EMN) today announced it has been recognized as part of 3BL’s listing for 2023. The ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. Eastman was ranked number 16 on the 2023 list overall and number two in the materials sector. This press release features multimedia. View the full release here: Eastman was ranked number 16 on the 2023 list overall and number two in the materials sector. (Graphic: Business Wire) “Being a good corporate citizen h...
Eastman Schedules Third-Quarter 2023 Financial Results News Release an...
Eastman Chemical Company (NYSE:EMN): Financial Results Release: Thursday, Oct. 26, 2023 Approximately 4:15 p.m. Eastern Time Via wire distribution and , News Center and SEC Form 8-K filing. Advance Slides, Webcast and Teleconference: Friday, Oct. 27, 2023 8:00 a.m. Eastern Time Via listen-only live webcast and teleconference. Advance slides and prepared remarks: posted Thursday, Oct. 26, evening at Webcast: to join live webcast Teleconference: Toll-Free dial-in number +1 (833) 470-1428 Passcode: 945195 Teleconference Pre...
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