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Eastman Chemical (EMN)
NYSE:EMN
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.6Last Year’s EPS
$1.31Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -11.94%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment with highlights in innovation-driven growth, improved cost structures, and significant support for the Texas methanolysis plant. However, these are balanced by challenges such as reduced methanolysis EBITDA expectations, consumer demand weakness, and delays in the France project.Company Guidance
During the third quarter 2024 earnings call, Eastman Chemical Company provided guidance on several key metrics for the upcoming year. The company anticipates modest underlying growth in 2025, driven by innovation with top volume growth expected to improve. In particular, the company's stable markets, which encompass approximately 60% of Eastman's revenue, are projected to continue their steady growth. The discretionary markets, which include automotive and housing, and currently account for a lower percentage of revenue, are expected to rebound as interest rates potentially decrease, improving affordability. The company's Kingsport methanolysis facility is expected to significantly contribute to EBITDA improvement through enhanced revenue and cost efficiencies. Furthermore, the company plans to implement cost-saving measures to exceed typical productivity gains, aiming to reduce costs beyond inflation offset. Although some headwinds such as increased energy costs and slight volume declines in fibers are anticipated, the overall expectation is for substantial EPS growth driven by a favorable volume/mix and a stable price-to-raw material cost spread.Innovation-Driven Growth
Eastman expects modest growth in 2025 driven by innovation, particularly in the auto film and interlayer businesses, with new products like Naia and Aventa gaining traction.
Support for Longview Texas Methanolysis Plant
The Texas methanolysis project is supported by $375 million from the DOE and $70 million in tax breaks from Texas, with an expected return of around 12%.
Advanced Materials Segment Performance
The Advanced Materials segment showed strong performance with high single-digit volume/mix growth in automotive interlayers, outperforming the market despite a 2% decline in the automotive market.
Improved Cost Structure
Eastman is focused on reducing costs beyond just offsetting inflation, with strategies such as optimizing product operations and enhancing energy efficiency.
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EMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $104.20 | $100.23 | -3.81% |
| Jul 25, 2024 | $95.56 | $99.10 | +3.70% |
| Apr 25, 2024 | $93.80 | $93.24 | -0.60% |
| Feb 01, 2024 | $82.08 | $79.90 | -2.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eastman Chemical (EMN) report earnings?
Eastman Chemical (EMN) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Eastman Chemical (EMN) earnings time?
Eastman Chemical (EMN) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EMN EPS forecast?
EMN EPS forecast for the fiscal quarter 2024 (Q4) is $1.6.
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