earnings
confidence high
sentiment positive
materiality 0.75
Eastman Q3 2024: revenue up 9%, adj. EPS $2.26 vs $1.47 YoY; guidance midpoint unchanged
EASTMAN CHEMICAL CO
2024-Q3 EPS reported
$4.86
revenue$7,137,000,000
- Sales revenue $2.464B (+9% YoY); EBIT $329M vs $256M; adj. EBIT $366M.
- Adj. diluted EPS $2.26 vs $1.47; reported EPS $1.53 vs $1.49.
- Sales volume/mix up 8% across all segments; Chemical Intermediates revenue +13%.
- Announced investment decision for second methanolysis facility in Longview, Texas.
- FY2024 adj. EPS guidance maintained at $7.50-$7.70; cash from ops target ~$1.3B.