Eastman Chem Co Stock Price, News & Analysis

Eastman Chemical Company (NYSE:EMN) has announced its upcoming financial results release scheduled for January 28, 2021, at approximately 4:30 p.m. Eastern Time. This will be followed by a webcast and teleconference on January 29, 2021, at 8:00 a.m. Eastern Time. Shareholders and analysts can access the live session and replay through the company's website. Key details, including an advance slide presentation, will be available prior to the events, enabling stakeholders to stay informed about the company's financial position.

The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.69 per share, marking a five percent increase from the previous $0.66 per share. This dividend is scheduled for payment on Jan. 8, 2021, to stockholders of record as of Dec. 15, 2020. Senior VP Willie McLain expressed confidence in the company’s ability to generate earnings growth and maintain strong cash flow, showcasing a commitment to returning value to stockholders for the 11th consecutive year.

Eastman Chemical Company (NYSE:EMN) will have its CFO, Willie McLain, speak at the Citi Basic Materials Virtual Conference on December 1, 2020, at 10:00 a.m. ET. The presentation will be available via live webcast on the investor relations section of Eastman's website. A replay of the audio will also be accessible for those unable to attend live. This event provides an opportunity for investors to gain insights into Eastman's financial outlook and strategic developments in the basic materials sector.

Eastman Chemical Company (NYSE:EMN) reported its third-quarter 2020 financial results, with sales revenue at $2,122 million, a 9% decline from $2,325 million in Q3 2019. Adjusted EBIT fell to $310 million, compared to $369 million a year earlier. Earnings per diluted share dropped to $1.18 from $1.93. Despite a recovery in sales volumes, lower prices and the impact of COVID-19 affected performance. The company generated a record $360 million in free cash flow, focusing on cash generation, with a forecast of over $1 billion in free cash flow for the year.

Eastman (NYSE: EMN) has been recognized by The Wall Street Journal as one of the 100 most sustainably managed companies worldwide, securing the 90th position out of over 5,500 analyzed firms. This accolade highlights Eastman's strong performance in sustainability metrics, with its highest ranking at No. 30 in environmental practices. The assessment considers various factors, including governance, employee welfare, and social impact. Eastman aims to address global challenges like climate change through innovative solutions and is set to release its 2020 sustainability report in November, presenting new ambitious goals.

Eastman Chemical Company (NYSE:EMN) announced the release of its financial results on Thursday, Oct. 29, 2020, at approximately 4:30 p.m. Eastern Time. Details will be available via wire distribution and on their official website. A webcast and teleconference are scheduled for Friday, Oct. 30, 2020, at 8:00 a.m. Eastern Time, where advance slides and prepared remarks will be posted. Investors can also access replay options on their website after the event, ensuring comprehensive coverage of the financial performance for stakeholders.