The earnings call highlighted strong operational performance and strategic engagement in certain segments, but was overshadowed by significant challenges posed by tariffs and persistent destocking in key markets. The company's cautious approach to capital expenditure and focus on cash flow reflect uncertainty in the current economic environment.
Company Guidance -
Q1 2025
During the first quarter of fiscal year 2025, Eastman provided guidance on several key metrics and operational updates. The company reported a successful quarter with an 85% yield on DMT feedstock at the Kingsport facility, contributing approximately $25 million in earnings in the corporate other area. Operationally, Eastman is on track to achieve $50 million of EBITDA from manufacturing cost savings, out of an initial guidance of $75 to $100 million. However, revenue guidance for renew products was revised downwards to $50 to $75 million due to economic tensions and tariff impacts, particularly affecting the consumer durable market between China and the US. Despite these challenges, Eastman maintains over 100 customer engagements, and the operational side of the fibers business remains stable with a 90% contract rate for the year. The company also highlighted a $30 million impact from tariffs in the second quarter, mainly affecting volume rather than duty costs. Eastman has adjusted its capital expenditure plan, reducing it from $750 million to $550 million, with an emphasis on efficient deployment and maintaining project timelines, particularly for the Longview, Texas project. The company remains confident in its cash flow guidance, leveraging working capital, operating solutions, and variable resources to navigate the uncertain economic environment.
Strong Operational Performance at Kingsport Facility
The Kingsport facility had a successful quarter, maintaining an 85% yield on the DMT feedstock and generating $25 million in earnings without startup costs.
Positive Engagement in Food Packaging
Brands are actively seeking solutions due to limitations in mechanical recycling, creating opportunities for Eastman's PET products in the back half of the year.
DOE Funding Confidence
Eastman expressed confidence in continued DOE funding support for their Longview project, aligning with current administration's priorities.
Eastman Chemical (EMN) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
EMN Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 24, 2025
$79.97
$75.04
-6.16%
Jan 30, 2025
$90.86
$97.70
+7.53%
Oct 31, 2024
$102.16
$98.26
-3.82%
Jul 25, 2024
$93.69
$97.16
+3.70%
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.
FAQ
When does Eastman Chemical (EMN) report earnings?
Eastman Chemical (EMN) is schdueled to report earning on Jul 24, 2025, After Close (Confirmed).
What is Eastman Chemical (EMN) earnings time?
Eastman Chemical (EMN) earnings time is at Jul 24, 2025, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.