Eastman Chem Co Stock Price, News & Analysis

Eastman Chemical Company (NYSE:EMN) will present at the JP Morgan Industrials Conference on March 14, 2023, at 8:00 a.m. ET. The presentation will be led by Willie McLain, Senior Vice President and Chief Financial Officer. A live webcast of the presentation can be followed on investors.eastman.com. An audio replay will also be accessible on the same site post-event. This conference represents a key opportunity for Eastman to connect with investors and industry stakeholders.

Eastman Chemical Company (NYSE: EMN) has announced the pricing of its inaugural green bond offering, totaling $500 million in aggregate principal amount of 5.750% notes due 2033. This offering, managed by major banks including BofA Securities and Citigroup, will close on March 8, 2023. Proceeds from the notes are earmarked for financing green projects in categories such as eco-efficient products, pollution control, energy efficiency, renewable energy, and sustainable water management. Temporary investments may include cash equivalents or repayment of debt.

Eastman Chemical Company (NYSE:EMN) announces that Mark Costa, Board Chair and CEO, will address the Barclays Industrial Select Conference on February 23, 2023, at 1:50 p.m. ET. His presentation will be available via live webcast on investors.eastman.com.

A replay of the presentation will also be accessible on the same website following the event, providing stakeholders with insights into the company’s strategic direction and developments.

Eastman Chemical Company (NYSE:EMN) has announced a quarterly cash dividend of $0.79 per share. This dividend is payable on April 10, 2023, to stockholders on record as of March 15, 2023. Founded in 1920, Eastman is a global specialty materials company with 2022 revenues approximating $10.6 billion. The company prides itself on enhancing quality of life through innovation while maintaining a commitment to safety and sustainability. With about 14,500 employees worldwide, Eastman serves customers in over 100 countries, focusing on attractive end-markets including transportation and construction.

On February 3, 2023, Eastman Chemical Company (NYSE:EMN) elected Ms. Linnie M. Haynesworth to its Board of Directors. With over 30 years of experience in technology, including leadership roles at Northrop Grumman Corporation, Haynesworth brings expertise in cybersecurity, enterprise strategy, and complex system development. Currently serving on the boards of Micron Technology, Truist Financial, and Automatic Data Processing, her appointment is expected to enhance Eastman's governance and strategic direction. The company reported revenues of approximately $10.6 billion in 2022, highlighting its strong market presence.

Eastman Chemical Company (NYSE:EMN) reported its Q4 and full-year 2022 results, revealing a 12% decline in sales revenue to $2.37 billion. The company faced challenges including lower demand and inventory destocking, notably in China. Adjusted EPS fell to $0.89, impacted by foreign exchange rates and Winter Storm Elliott. Despite these obstacles, Eastman returned approximately $1.4 billion to shareholders and made strides in its circular economy initiatives. Looking ahead, the company anticipates an adjusted EPS growth of 5-15% in 2023, driven by cost reductions exceeding $200 million.

Eastman Chemical Company announced that its Optifilm™ enhancer 400 has received Green Seal certification, reflecting a commitment to environmentally friendly products. This low-VOC, low-odor coalescent enhances latex paints while maintaining performance properties. The certification ensures compliance with strict limits on VOCs and hazardous ingredients. With OE 400, manufacturers can create paints that are both durable and sustainable. Founded in 1920, Eastman generated approximately $10.5 billion in revenue in 2021 and has a global presence serving diverse markets.

Eastman Chemical Company (NYSE:EMN) will release its financial results on January 26, 2023, at 4:30 p.m. ET. This will be followed by a teleconference and webcast on January 27, 2023, at 8:00 a.m. ET. Investors can access the advance slides and prepared remarks on their investor relations website prior to the conference. A replay will be available starting at 1:00 p.m. ET, January 27, until 11:59 p.m. ET, February 6. For further details, refer to their official site.

The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.79 per share, marking a 4% increase from the previous dividend of $0.76. This dividend will be payable on January 6, 2023, to stockholders of record as of December 15, 2022. This increase signifies Eastman's commitment to returning cash to shareholders and reflects confidence in its ability to generate strong earnings and cash flows, having raised the dividend for 13 consecutive years.