Eastman ET50 Updates

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.

Monday, 25 March 2024 11:36 AM Eastman has been selected by the U.S. Department of Energy to receive up to $375 million for its second U.S. molecular recycling project. This investment highlights Eastmans commitment to sustainability and circular economy solutions. I believe this is a significant step towards reducing waste and promoting environmental sustainability.