Profile
Sector:
Basic MaterialsIndustry:
Specialty ChemicalsCountry:
United StatesIPO:
14 December 1993Website:
http://www.eastman.comNext earnings report:
N/ALast dividends:
16 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:40:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
EMN Latest News
Eastman Chemical Company (NYSE:EMN) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 8:00 AM ET. Participants from the company include Greg Riddle, Mark Costa, and William McLain, while analysts from various financial institutions will also join the call. The operator welcomes everyone and notes that the conference is being recorded.
EMN experienced an increase in sales in the third quarter because customers finished reducing their inventory in most key markets.
While the revenue and earnings per share (EPS) for Eastman Chemical (EMN) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Eastman Chemical (EMN) reported quarterly earnings of $2.26 per share, which is higher than the Zacks Consensus Estimate of $2.13 per share. This is an increase compared to earnings of $1.47 per share from the same period last year.
EMN is likely to have gained from its cost-reduction efforts and its focus on innovation, even with weak demand in some markets during the third quarter.
EMN is dealing with challenges like low demand and inventory reduction in some markets, but it is also gaining from effective cost management, pricing strategies, and new ideas.
Eastman has planned to release its financial results for the third quarter of 2024, along with an SEC Form 8-K filing, teleconference, and webcast.
EMN gains advantages from its growth model focused on innovation, along with efforts to reduce costs, improve productivity, and increase prices in its various areas.
EMN is dealing with challenges like low demand and inventory reduction in some markets, but it is also gaining from effective cost management, pricing strategies, and new ideas.
Eastman's (EMN) shares have risen due to better-than-expected earnings in the second quarter and positive future outlook.
What type of business is Eastman Chemical?
Eastman Chemical Company is a chemical industry company that produces chemical materials and specialty additives for a wide range of industries. The company was founded in 1920, with headquarters in Kingsport, Tennessee. The Additives & Functional Products segment produces chemicals. The Advanced Materials segment manufactures and sells polymers, films, and plastics with differentiated performance properties. The Chemical Intermediates segment uses large-scale and vertical integration of cellulose and acetyl, olefins, and alkylamines to support the company's specialized operational segments. The Fibers segment produces fibers; natural acetate yarns, cellulose fibers; nonwoven materials for use in filtration and friction environments; and cellulose acetate flakes and acetic raw materials for other acetate fiber manufacturers.
What sector is Eastman Chemical in?
Eastman Chemical is in the Basic Materials sector
What industry is Eastman Chemical in?
Eastman Chemical is in the Specialty Chemicals industry
What country is Eastman Chemical from?
Eastman Chemical is headquartered in United States
When did Eastman Chemical go public?
Eastman Chemical initial public offering (IPO) was on 14 December 1993
What is Eastman Chemical website?
https://www.eastman.com
Is Eastman Chemical in the S&P 500?
Yes, Eastman Chemical is included in the S&P 500 index
Is Eastman Chemical in the NASDAQ 100?
No, Eastman Chemical is not included in the NASDAQ 100 index
Is Eastman Chemical in the Dow Jones?
No, Eastman Chemical is not included in the Dow Jones index
When was Eastman Chemical the previous earnings report?
No data
When does Eastman Chemical earnings report?
Next earnings report date is not announced yet