Welcome to our dedicated page for Eastman Chem Co news (Ticker: EMN), a resource for investors and traders seeking the latest updates and insights on Eastman Chem Co stock.
Eastman Chemical Co (NYSE: EMN) is a global innovator in specialty materials and sustainable technologies, serving industries from automotive to advanced recycling. This news hub provides investors with timely updates on corporate developments, financial performance, and environmental initiatives shaping the chemical sector.
Discover official press releases covering earnings reports, strategic partnerships, and breakthrough innovations in molecular recycling technology. Our curated collection includes analysis of EMN's leadership in sustainable materials science and its market-moving developments in specialty chemicals.
Key focus areas include:
• Advanced polymer innovations
• Circular economy initiatives
• Global manufacturing updates
• Strategic business partnerships
• Regulatory compliance milestones
Bookmark this page for direct access to verified information from one of the chemical industry's most established innovators. Monitor EMN's progress in transforming plastic waste streams into high-value materials through proprietary recycling technologies.
The board of directors of Eastman Chemical Company (NYSE:EMN) has declared a cash dividend of $0.69 per share on its common stock. This dividend is payable on April 5, 2021, to stockholders of record as of March 15, 2021. Founded in 1920, Eastman is a global specialty materials company with 2020 revenues of approximately $8.5 billion. The company focuses on innovation and sustainability while serving customers in over 100 countries, employing about 14,500 people.
Eastman (NYSE: EMN) has been ranked No. 27 on Barron’s 2021 list of the Most Sustainable Companies in the U.S. This ranking is based on a comprehensive analysis of large U.S. firms across various sustainability criteria by Barron’s and Calvert Research. Eastman aims for carbon neutrality by 2050 and plans to recycle over 500 million pounds of plastic waste by 2030. The company also focuses on achieving gender parity and promoting racial equity. This recognition follows a previous ranking by The Wall Street Journal in October as one of the Most Sustainably Managed Companies.
Eastman Chemical Company (NYSE:EMN) announced that Mark Costa, Board Chair and CEO, will present at the Barclays Industrial Select Virtual Conference on February 16, 2021, at 1:30 p.m. ET. The presentation will focus on key updates for the company and its future direction within the industry. Investors can access the live webcast at investors.eastman.com and will also have the opportunity to listen to an audio replay post-event.
Eastman Chemical Company (NYSE:EMN) has appointed Vanessa L. Allen Sutherland to its Board of Directors. She currently serves as Executive Vice President and Chief Legal Officer at Norfolk Southern Corporation and has extensive experience in environmental compliance and public policy. Mark Costa, CEO, expressed confidence in her ability to contribute to Eastman's transformation into a leading material innovation company. Allen Sutherland's background includes significant roles in government and industry, enhancing the board's diverse skill set.
Eastman Chemical Company (NYSE:EMN) announced plans to establish a major plastic-to-plastic recycling facility in Kingsport, Tennessee, in partnership with Governor Bill Lee. The $250 million investment aims to convert over 100,000 metric tons of unrecyclable polyester waste into premium specialty plastics using methanolysis technology. This facility is expected to reduce greenhouse gas emissions by 20-30% and plays a crucial role in Eastman's commitment to recycling over 500 million pounds of plastic waste annually by 2030. The facility is projected to be operational by the end of 2022.
Eastman Chemical Company (NYSE:EMN) reported its fourth-quarter and full-year 2020 financial results, revealing fourth-quarter sales revenue of $2,186 million, slightly down from $2,205 million in 2019. Full-year sales revenue decreased 8.6% to $8,473 million. Adjusted earnings per share for 2020 were $6.15, compared to $7.13 in 2019. The company generated over $1 billion in free cash flow for the fourth consecutive year. Looking ahead, Eastman anticipates a 20-30% increase in adjusted EPS for 2021, driven by innovation and cost management strategies.
Eastman Chemical Company (NYSE:EMN) has announced its upcoming financial results release scheduled for January 28, 2021, at approximately 4:30 p.m. Eastern Time. This will be followed by a webcast and teleconference on January 29, 2021, at 8:00 a.m. Eastern Time. Shareholders and analysts can access the live session and replay through the company's website. Key details, including an advance slide presentation, will be available prior to the events, enabling stakeholders to stay informed about the company's financial position.
The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.69 per share, marking a five percent increase from the previous $0.66 per share. This dividend is scheduled for payment on Jan. 8, 2021, to stockholders of record as of Dec. 15, 2020. Senior VP Willie McLain expressed confidence in the company’s ability to generate earnings growth and maintain strong cash flow, showcasing a commitment to returning value to stockholders for the 11th consecutive year.
