Eastman ET125 Updates

Thursday, 14 November 2024 07:53 PM Eastman Chemical Company will host a Circular Economy Deep Dive event on November 21, 2024, featuring presentations from key executives, including CEO Mark Costa. The event will focus on the companys circular economy growth platform, including updates on Polyester and Cellulosic Biopolymer Platforms.

Thursday, 31 October 2024 02:54 PM Eastman Chemical Company announced its third-quarter 2024 financial results, showing strong year-over-year sales volume/mix growth and an increase in adjusted EBIT margin by 360 basis points. The company also made significant progress on its methanolysis operations and returned $195 million to shareholders. I think this financial performance is a positive sign for the companys future growth.

Thursday, 31 October 2024 07:44 AM Eastman has made an investment decision to move forward with the construction of a second methanolysis facility in Longview, Texas. This move is part of their strategy to enhance their circular economy initiatives. I believe this investment will be crucial for their sustainability goals.

Thursday, 31 October 2024 02:02 PM Despite macroeconomic weaknesses, Eastman continues to leverage its innovation-driven growth model to drive growth above market levels. The company expects to benefit from commercial excellence and lower raw material and energy costs in its specialty businesses. I think this approach will help them stay competitive in challenging times.

Thursday, 31 October 2024 10:48 PM Eastman expects its 2024 EPS to be between $7.50 and $7.70 and anticipates cash from operations to approach $1.3 billion. The company is confident in delivering earnings growth and strong cash flow despite current market conditions.