Welcome to our dedicated page for Eastman Chem Co news (Ticker: EMN), a resource for investors and traders seeking the latest updates and insights on Eastman Chem Co stock.
Eastman Chemical Company (NYSE: EMN) is a global specialty materials manufacturer headquartered in Kingsport, Tennessee. Founded in 1920, Eastman produces a broad range of products used in everyday items and serves end markets such as transportation, building and construction, and consumables. This news page aggregates company announcements and market updates related to EMN.
Investors and followers of Eastman can use this feed to review earnings releases, dividend declarations, and other material events disclosed through press releases and conference presentations. Recent communications have highlighted themes such as cash generation, cost structure actions, and the performance of specialty businesses in a challenging macroeconomic environment.
Typical news items for Eastman include quarterly and annual financial results, updates on its circular economy and methanolysis initiatives, and commentary on demand trends in key end markets. The company also issues news about Board and executive changes, including director appointments and leadership transitions in technology and sustainability roles. In addition, Eastman frequently announces participation in investor conferences, with live and replay webcasts hosted through its investor relations site.
This page focuses on news that Eastman releases through wire services and other public channels, providing a centralized view of developments that can affect how the market evaluates EMN. Readers interested in the specialty materials and plastics material and resin manufacturing industry can monitor this stream to follow Eastman’s public communications over time and to compare its disclosures with broader sector conditions.
Eastman Chemical Company (NYSE:EMN) announced plans to establish a major plastic-to-plastic recycling facility in Kingsport, Tennessee, in partnership with Governor Bill Lee. The $250 million investment aims to convert over 100,000 metric tons of unrecyclable polyester waste into premium specialty plastics using methanolysis technology. This facility is expected to reduce greenhouse gas emissions by 20-30% and plays a crucial role in Eastman's commitment to recycling over 500 million pounds of plastic waste annually by 2030. The facility is projected to be operational by the end of 2022.
Eastman Chemical Company (NYSE:EMN) reported its fourth-quarter and full-year 2020 financial results, revealing fourth-quarter sales revenue of $2,186 million, slightly down from $2,205 million in 2019. Full-year sales revenue decreased 8.6% to $8,473 million. Adjusted earnings per share for 2020 were $6.15, compared to $7.13 in 2019. The company generated over $1 billion in free cash flow for the fourth consecutive year. Looking ahead, Eastman anticipates a 20-30% increase in adjusted EPS for 2021, driven by innovation and cost management strategies.
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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.
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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.
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