Eastman Q1 2024 EPS $1.39; adjusted EPS $1.61; guides FY24 EPS $7.25-$8.00

EASTMAN CHEMICAL CO

2024-Q1 EPS reported $1.39 revenue$2,310,000,000

Revenue $2.31B (-4% YoY); EBIT $263M (+7% YoY); adjusted EBIT $274M.
Sales volume/mix improved 4% sequentially; inventory destocking largely complete.
Kingsport methanolysis facility achieved on-spec production; targets ~$75M EBITDA uplift in 2024 vs 2023.
Selected by DOE for up to $375M investment in second molecular recycling plant in Longview, TX.
2024 cash from operations guided to ~$1.4B; returned $95M to shareholders via dividends in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EASTMAN CHEMICAL CO reported Q1 2024 results: revenue $2,310 million, EPS $1.39.

Period: Q1 2024
Revenue: $2,310 million
EPS: $1.39
Result: reported results

Exact text from the filing

Sales revenue $2,310 $2,412 Earnings before interest and taxes ("EBIT") 263 246 Adjusted EBIT* 274 283 Earnings per diluted share 1.39 1.12 Adjusted earnings per diluted share* 1.61 1.63 Net cash used in operating activities (16) (2)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EASTMAN CHEMICAL CO reported full-year 2024 results: EPS $7.25 to $8.00. Guidance reaffirmed.

Period: full-year 2024
EPS: $7.25 to $8.00
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

we continue to expect 2024 EPS to be between $7.25 and $8.00 and for 2024 cash from operations to be approximately $1.4 billion.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EASTMAN CHEMICAL CO reported Q1 2023 results: revenue $2,412 million, EPS $1.12.

Period: Q1 2023
Revenue: $2,412 million
EPS: $1.12
Result: reported results

Exact text from the filing

Sales revenue $2,310 $2,412 Earnings before interest and taxes ("EBIT") 263 246 Adjusted EBIT* 274 283 Earnings per diluted share 1.39 1.12 Adjusted earnings per diluted share* 1.61 1.63 Net cash used in operating activities (16) (2)

View on SEC.gov

364 earnings releases filed in the last 30 days. Browse all earnings releases →

EASTMAN CHEMICAL CO filing history →

Source: SEC EDGAR

accession 0000915389-24-000130

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