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KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman has commenced a cash tender offer to purchase up to an aggregate principal amount of $250 million of its outstanding 3.800% Notes due 2025.
The sales volume of Eastman Chemical (EMN) in Q2 increases due to the end of customer inventory destocking in most end markets.
The headline numbers for Eastman Chemical (EMN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Eastman Chemical (EMN) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $1.99 per share a year ago.
Eastman (EMN) is expected to have benefited from cost-cutting and productivity initiatives as well as its innovation-driven growth strategy amid headwinds from soft demand in certain markets in Q2.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Eastman Chemical (EMN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Eastman Chemical (EMN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Eastman Chemical (EMN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Eastman Chemical is a $11.1 billion market cap specialty chemicals company offering a 3.4% dividend. The company's new focus is on molecular (plastic) recycling. It has just opened a plant in Tennessee and received a US government grant to build one in Texas. Eastman's second-largest number of plants are in high-cost Europe (nine). However, it is geographically diversified with 16 US plants and several in Asia and Latin America.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eastman Chemical (EMN) have what it takes?