Eastman Chem Co Stock Price, News & Analysis

Eastman Chemical (EMN) reported strong Q4 and full-year 2024 results, with adjusted earnings per share growing 23% in 2024. Q4 sales revenue increased 2% to $2,245 million, driven by 1% higher sales volume/mix and 1% higher selling prices. The company generated approximately $1.3 billion in operating cash flow for 2024 and returned $700 million to shareholders through dividends and share repurchases.

Advanced Materials and Additives & Functional Products segments showed strong specialty volume growth. The Kingsport methanolysis facility operated well in Q4, positioning for strong earnings growth in 2025. The company's adjusted EBIT margin improved by 350 basis points in Q4 and 190 basis points in 2024.

For 2025, Eastman projects EPS between $8.00-$8.75 and expects operating cash flow of approximately $1.3 billion, despite facing global economic uncertainty.

Eastman Chemical Company (EMN) has scheduled its fourth-quarter and full-year 2024 financial results announcement for Thursday, January 30, 2025, at approximately 4:15 p.m. Eastern Time. The results will be distributed via wire services and posted on the company's website and SEC Form 8-K filing.

A live webcast and teleconference will follow on Friday, January 31, 2025, at 8:00 a.m. Eastern Time. Advance slides and prepared remarks will be available on Thursday evening at investors.eastman.com. Investors can join via a listen-only webcast or dial in toll-free at +1 (833) 470-1428 with passcode 793608.

A replay of the webcast and MP3 download will be available at investors.eastman.com. The telephone replay will be accessible from 1:00 p.m. ET on January 31 through February 9, 2025, at +1 (866) 813-9403 with passcode 540646.

Eastman Chemical Company (NYSE:EMN) hosted its 2024 Circular Economy Deep Dive event, highlighting its innovation-driven growth strategy and circular economy initiatives. The company projects EBITDA of over $2.1 billion and approximately $1.6 billion cash from operations in a normalized market environment, with an additional EBITDA of >$500 million by 2029 through circular initiatives.

The circular initiatives include $350 million EBITDA from Kingsport and Longview methanolysis projects, and $150-200 million EBITDA from cellulosic biopolymer platform. For 2025, capital expenditures are expected to be $800 million, increasing to $800 million-$1 billion in 2026-2027. The company anticipates an incremental $75-100 million EBITDA contribution in 2025 from the Kingsport facility.

Eastman Chemical Company (NYSE: EMN) has announced a quarterly dividend increase from $0.81 to $0.83 per share on its common stock, marking its 15th consecutive year of dividend growth. The dividend will be paid on January 8, 2025, to stockholders of record as of December 16, 2024.

The company, founded in 1920, reported revenue of approximately $9.2 billion in 2023. As a global specialty materials company, Eastman employs around 14,000 people worldwide and serves customers in more than 100 countries, focusing on transportation, building and construction, and consumables markets.

A new study published in ACS Sustainable Chemistry & Engineering reveals that cellulose diacetate (CDA)-based foams made with Eastman Aventa materials show rapid marine biodegradability. The research, led by Woods Hole Oceanographic Institution, demonstrates that these foams lost up to 70% of their mass after 36 weeks in seawater, while polystyrene showed no degradation.

The CDA foams degrade more than four times faster than paper and up to 1,000 times faster than conventional plastics. The study suggests that switching from polystyrene to CDA-based foams for food trays could save society over $1 billion in pollution-related costs. Aventa, derived from sustainable wood pulp, is also being used for compostable straws and cutlery.

Eastman Chemical Company (NYSE:EMN) hosted its 2024 Circular Economy Deep Dive event, highlighting its innovation-driven growth strategy and circular economy initiatives. The company projects EBITDA of over $2.1 billion and cash flow of $1.6 billion in a normalized market, with an additional EBITDA of over $500 million by 2029 through circular initiatives. This includes >$350 million from methanolysis projects and $150-200 million from cellulosic biopolymer platform. Capital expenditures are expected to be $800 million in 2025 and between $800 million-$1 billion in 2026-2027.

BLACK+DECKER successfully launched its reviva™ line of power tools in early 2021 through a partnership with Eastman, despite challenges posed by the global pandemic. The tools' housing uses Eastman's Tritan Renew™ copolyester, featuring 50% recycled content. The collaboration overcame technical challenges through virtual meetings and extensive testing to meet stringent requirements for energized equipment. Ten reviva products were launched in 2022, including a 12V MAX drill, jigsaw, and sander. The partnership demonstrated successful virtual collaboration between teams, focusing on material performance, sustainability, and brand requirements.

Eastman Chemical Company (NYSE:EMN) has announced a Circular Economy Deep Dive event scheduled for November 21, 2024, in Kingsport, Tennessee. The event, running from 10:20 AM to 12:00 PM ET, will feature presentations from key executives including CEO Mark Costa, focusing on the company's circular economy growth platform. The agenda includes updates on Polyester Platform, Cellulosic Biopolymer Platform, and a financial overview, followed by a Q&A session. A live public webcast will be available on the company's investor website, with presentation materials and replay options accessible afterward.

Eastman and UPM Specialty Papers have partnered to develop an innovative food packaging solution. The collaboration combines Eastman's compostable and biobased Solus™ additives with BioPBS™, which can be extrusion coated onto UPM's barrier base papers. The solution provides heat sealability and enhanced adhesion at low coat weights, specifically designed for recyclability in food applications requiring oxygen and grease barriers, such as confectionery packaging. The materials have received industrial and home compostable certifications or are pending certification.