Eastman Chem Co - EMN STOCK NEWS

The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable on July 9, 2024, to stockholders of record as of June 17, 2024. Eastman, founded in 1920, is a global specialty materials company focused on enhancing the quality of life through innovative products in various sectors. The company's 2023 revenue was approximately $9.2 billion, and it employs around 14,000 people worldwide.

Eastman Chemical Company (EMN) announced the results of the 2024 Annual Meeting Stockholder Vote, where directors were reelected, the appointment of the independent registered public accounting firm was ratified, and the compensation of executive officers was approved. The proxy statement containing detailed information is available online. Eastman is a global specialty materials company focusing on innovation, safety, and sustainability, with 2023 revenue of approximately $9.2 billion.

Eastman's employee, Tiemen Noordam, is using his strategic planning skills from work to prepare for a 200-kilometer speedskating tour, emphasizing determination and long-term planning. Noordam's training regimen and supply planning expertise at Eastman have helped optimize product inventory, ensuring efficiency and customer satisfaction. The team's commitment to a yearly physical challenge also aims to raise funds for a Dutch nonprofit organization dedicated to ending childhood cancers.

Eastman and Axilone collaborated to design a recyclable and refillable lipstick packaging solution using Eastman Cristal(TM) Renew PET resin to reduce environmental impact. The new design supports the circular economy, offers 100% recycled content, and ensures compatibility with PET recycling streams.

Eastman Chemical Company (EMN) reported strong first-quarter 2024 financial results with a sequential increase in sales volume/mix and earnings. The company achieved on spec production and revenue generation at its Kingsport methanolysis facility and was selected by the U.S. Department of Energy for a significant investment in a molecular recycling project. Sales revenue for 1Q24 was $2.31 billion, and adjusted earnings per diluted share were $1.61. The company's CEO, Mark Costa, expressed confidence in the company's ability to deliver earnings growth and strong cash flow going forward.

CYTO365 and Eastman collaborated to create RondelO, a new turn valve for safer multi-drug administration in infusion therapy. RondelO prevents unintentional drug mixing by using Eastman Tritan copolyester, a durable and lipid-resistant material. The valve can connect six drugs sequentially, ensuring accurate drug delivery and reducing patient risk. Eastman's technical support team worked closely with CYTO365 to develop the device, which became commercially available in 2023. The innovative design includes visual and haptic cues for easy drug identification, making it a trusted tool for medical professionals.

Eastman and Swiss Eyewear Group collaborate to launch the INVU 10th Anniversary Collection featuring Tritan Renew, a sustainable material made with 50% certified recycled content. The collection offers polarized lenses for clarity and style, revolutionizing eyewear fashion with a focus on sustainability and affordability. SEG's commitment to environmental responsibility and consumer experience shines through in this partnership, marking a significant milestone in the industry.

The Federation for Advanced Manufacturing Education (FAME) program at Gadsden State Community College in Alabama has helped Eastman employee Porter Embry find a fulfilling career in manufacturing. Embry, who started as a part-time worker while studying at Gadsden State, became a full-time warehouse operator at Eastman's Anniston facility. The FAME program offers hands-on learning opportunities to students, connecting them with industry partners like Eastman. Through the program, Embry received scholarships and assistance that led to a debt-free education and a secure job after graduation. Eastman specialist Kenny Duncan praises the program as 'life-changing' and emphasizes its role in helping students develop successful careers in manufacturing and automation.

Procter & Gamble and Eastman emphasize the importance of authenticity and partnerships in sustainable messaging at the Sustainable Brands 2023 conference. The collaboration focuses on data-driven sustainability marketing to create brand loyalty through communicating safety, performance, and sustainability features. Eastman's molecular recycling technologies have helped P&G's Herbal Essences brand increase the sustainability of its packaging, leading to the creation of bottles with 50% certified recycled content. Consumer research across multiple countries has highlighted the need for specific and tangible sustainability claims to resonate with consumers, guiding the development of authentic messaging for P&G brands.