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Stock impact report

Eastman Announces First-Quarter 2024 Financial Results

Eastman Chemical Company (EMN) 
Last eastman chemical company earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: Business Wire
KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2024 financial results.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240425795736/en/Delivered strong sequential increase in sales volume/mix and earnings driven by reconnection to primary demand for many of our specialty products in Advanced Materials and Additives & Functional Products.Achieved on spec production and revenue generation at our Kingsport methanolysis facility.Pathway to ~$75 million of incremental EBITDA in 2024 vs. 2023 from Kingsport methanolysis facility.Selected by U.S. Department of Energy to receive up to $375 million investment for our second U.S. molecular recycling project in Longview, Texas.(In millions, except per share amounts; unaudited)  1Q241Q23Sales revenue  $2,310$2,412     Earnings before interest and taxes (“EBIT”)  263246     Adjusted EBIT* Show less Read more
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