secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000915389-24-000130
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538924000130/0000915389-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538924000130/emn-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000915389-24-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer