Eastman ET50

Thursday, 14 November 2024 02:15 PM Eastman Chemical Company is set to host a Circular Economy Deep Dive on November 21, 2024, where executives will present details of the company’s circular economy growth platform. The event will include presentations and a Q&A session, focusing on Eastmans innovation-driven growth model and commitment to sustainability.

Thursday, 31 October 2024 12:34 PM Eastman Chemical Company announced strong third-quarter 2024 financial results, with sales revenue increasing 9% to $2,464 million. This growth was driven by an 8% higher sales volume/mix across all segments. Adjusted EPS grew significantly to $2.26. The company also returned $195 million to shareholders, including $100 million in share repurchases.

Thursday, 31 October 2024 01:16 PM Eastman Chemical Company reported operational challenges and unexpected downtime at its Kingsport methanolysis facility, which affected its third-quarter performance. Despite these challenges, the company maintained its full-year 2024 EPS guidance at $7.50-$7.70. I think managing such operational issues will be crucial for their future growth.

Thursday, 31 October 2024 12:25 PM Eastman Chemical Company announced plans to construct a second methanolysis facility in Longview, Texas, as part of its circular economy initiatives. This new facility will support Eastmans molecular recycling projects and contribute to the companys sustainability goals.