$EMN (Eastman Chemical Co.)

$EMN {{ '2016-01-29T13:58:12+0000' | timeago}} • Webcast

$EMN said that in 4Q15, the revenue decline largely reflected lower selling prices due to lower raw material and energy costs. Operating earnings were down. The company saw strong volume growth in Advanced Materials and strong operating margins in Adhesives & Plasticizers.

$EMN {{ '2017-10-09T17:02:38+0000' | timeago}} • Announcement

$EMN  expects adjusted EPS growth in FY17 toward the high end of the previously projected range of 10-12% compared with 2016,  excluding the financial impact of a Kingsport operational incident.

$EMN {{ '2017-08-03T20:29:25+0000' | timeago}} • Announcement

$EMN has declared a quarterly cash dividend of $0.51 per share on its common stock. The dividend is payable on October 2, 2017, to stockholders of record on September 15, 2017.

$VSM {{ '2017-07-12T20:01:11+0000' | timeago}} • Announcement

$VSM has agreed to acquire formulated cleaning solutions supplier Dynaloy, LLC from $EMN for approx. $13MM. The transaction is expected to close during 4Q17. It will be funded from cash on hand and is expected to be accretive to earnings in the first full year of operation.

$EMN {{ '2017-05-17T20:34:27+0000' | timeago}} • Announcement

$EMN partnered with Phoenix Venture Partners LLC (PVP) via an investment in its officially closed new venture capital fund, PVP II LP. The investment increases $EMN's external innovation reach beyond academic alliances into the start-up venture sector. Terms of the transaction were not disclosed.

$EMN {{ '2017-05-04T16:40:40+0000' | timeago}} • Announcement

The board of directors of $EMN declared a quarterly cash dividend of $0.51 per share. The dividend is payable July 5, 2017, to stockholders of record as of June 15, 2017.

$EMN {{ '2017-04-28T14:44:18+0000' | timeago}} • Webcast

$EMN said that on the $100MM productivity program in 2017, the company's cost actions are on track to deliver about $100MM of cost reduction YoY. These actions include labor side optimization, energy efficiency etc. Therefore, about 75% of the cost reductions are going to be in the manufacturing supply chain cost area.

$EMN {{ '2017-04-28T14:34:39+0000' | timeago}} • Webcast

$EMN stated that with respect to returns on capital, the company expects to deliver total 15% return on invested capital in most of the large scale capital investments. $EMN added that in the past it has done that and expects to continue this going forward.

$EMN {{ '2017-04-28T11:36:41+0000' | timeago}} • Announcement

For FY17, $EMN expects its innovative, high margin products to continue to drive growth in an uncertain global business environment. Aggressive cost management and disciplined capital allocation are also expected to continue contributing to earnings growth. The company remains confident in delivering adjusted EPS growth in 2017 of between 8-12%.

$EMN {{ '2017-04-28T11:33:48+0000' | timeago}} • Announcement

$EMN reported an increase in sales in its Additives & Functional Products, Advanced Materials, and Chemical Intermediates segments for 1Q17, while Fibers segment sales fell due to lower sales volume and lower selling prices. Higher sales in the three segments were helped by higher sales volume, improved product mix and higher selling prices.

$EMN {{ '2017-04-28T11:26:36+0000' | timeago}} • Announcement

Specialty chemical company $EMN reported higher 1Q17 earnings, driven by volume growth in its specialty businesses and increased overall sales. Net income jumped 10.75% to $278MM or $1.89 per share from $251MM or $1.69 per share a year ago. Sales increased 2.99% to $2.30Bil from $2.23Bil in 1Q16. Excluding items, $EMN earned $1.83 per share.

$EMN {{ '2017-03-09T13:52:01+0000' | timeago}} • Announcement

$EMN hikes the prices of all grades of acetic anhydride in North America and Latin America, by $0.05/LB or $0.11/kg in both list price and offlist price. Eastman Chemical attributed these increases to elevated operating costs, especially in raw materials.

$EMN {{ '2017-02-16T20:51:40+0000' | timeago}} • Announcement

$EMN's BoD declared a quarterly cash dividend of $0.51 per share on its common stock. The dividend is payable on April 3, 2017, to stockholders of record as of March 15, 2017.

$EMN {{ '2017-01-27T13:49:29+0000' | timeago}} • Webcast

$EMN said that on Advanced Materials, the 2017 margins will be relatively flat. Additionally in 2017, the company continues to expect strong volume and mix growth in double digits. On pension contributions, $EMN stated that the company will not be making any pension contributions in the US in 2017.

$EMN {{ '2017-01-27T13:39:43+0000' | timeago}} • Webcast

In 2017, $EMN expects CapEx to be about $575MM and free cash flow for the year of approx. $1Bil.

$EMN {{ '2017-01-27T13:16:20+0000' | timeago}} • Webcast

$EMN said that growth in its premium products was a key driver for the Advanced Materials segment in 2016, that grew operating earnings with a compound annual growth rate of over 20%. The company also returned $400MM to shareholders in the form of dividends and share repurchases in 2016.

$EMN {{ '2017-01-26T22:13:40+0000' | timeago}} • Announcement

$EMN faces an uncertain global business environment and continues challenges in Fibers. As a result, $EMN has already taken aggressive cost reduction actions in 4Q16 and is making great progress in its efforts to accelerate innovation and market development activities. Consistent with prior estimate, $EMN sees adjusted EPS growth of 8-12% in 2017.

$EMN {{ '2017-01-26T22:12:03+0000' | timeago}} • Announcement

$EMN entered 2017 well positioned to benefit from its strong portfolio of specialty businesses that leverage world-class technology platforms to deliver solid growth in attractive end markets and additional earnings growth from its high-value, innovative specialty products.

$EMN {{ '2017-01-26T22:09:28+0000' | timeago}} • Announcement

$EMN reported a rise in 4Q16 earnings driven by lower costs and expenses. Net income rose to $128MM or $0.87 per share from $124MM or $0.83 per share last year. Sales fell to $2.19Bil from $2.23Bil, due to lower selling prices and lower Fibers sales volume. Non-GAAP EPS decreased to $1.51 from $1.59.

$EMN {{ '2016-12-12T13:45:14+0000' | timeago}} • Announcement

$EMN announced that its wholly owned subsidiary Taminco BVBA has agreed to acquire the 50% of shares of Te An Ling Tian Fine Chemical Co., Ltd., its JV with Mitsubishi Gas Chemical Company, Inc. and other Japanese investors, that it does not currently own. The acquisition is expected to close in 1Q17. Terms of the transaction were not disclosed.

$EMN {{ '2016-12-01T21:43:57+0000' | timeago}} • Announcement

The BoD of $EMN has increased the quarterly cash dividend on the company’s common stock by 11% from $0.46 to $0.51 per share. The dividend is payable January 3, 2017 to stockholders of record as of December 15, 2016.

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