Articles from Eastman Chemical Company

Eastman Chemical Company (NYSEEMN) announced its fourth-quarter and full-year 2024 financial results.

 

Eastman Chemical Company (NYSEEMN) has received a score of 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Eastman joins the 765 U.S. businesses that will be honored with HRCF’s Equality 100 Award as Leaders in LGBTQ+ Workplace Inclusion. This year’s CEI includes 1,449 businesses – the highest number of rated companies since the start of the CEI in 2002.

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared an increase in the quarterly cash dividend from $0.81 to $0.83 per share on its common stock. The dividend is payable Jan. 8, 2025, to stockholders of record as of Dec. 16, 2024.

Eastman Chemical Company (NYSEEMN) hosted investors and analysts at its headquarters in Kingsport for its 2024 Circular Economy Deep Dive. During the event, attendees toured Eastman’s methanolysis operations and learned more about the company’s innovative and sustainable materials. Following the tour, executives provided an update on Eastman’s innovation-driven growth strategy, including financial projections for its circular economy initiatives.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) announced its third-quarter 2024 financial results.

 

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) today announced that Iké Adeyemi will join the company on Sept. 9, 2024, and will serve as Senior Vice President, Chief Legal Officer and Corporate Secretary.

Eastman Chemical Company (the “Company” or “Eastman”) (NYSEEMN) today announced the consideration payable in connection with the previously announced cash tender offer (the “Tender Offer”) to purchase up to an aggregate principal amount of $250,000,000 (the “Tender Cap”) of the Company’s outstanding 3.800% Notes due 2025 (the “Notes”), as described in the table below.

Eastman Chemical Company (the “Company” or “Eastman”) (NYSEEMN) today announced the early tender results for the previously announced cash tender offer (the “Tender Offer”) to purchase up to an aggregate principal amount of $250,000,000 (the “Tender Cap”) of the Company’s outstanding 3.800% Notes due 2025 (the “Notes”).

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock.

Eastman Chemical Company (“Eastman”) (NYSEEMN) today announced the pricing of its public offering of $500 million aggregate principal amount of 5.000% notes due 2029 (the “Notes”). BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are serving as active joint book-running managers for the offering. Barclays Capital Inc., BNP Paribas Securities Corp., Truist Securities, Inc. and Wells Fargo Securities, LLC are serving as passive joint book-running managers for the offering. The offering of the Notes is expected to be completed on August 1, 2024, subject to customary closing conditions.

Eastman Chemical Company (the “Company” or “Eastman”) (NYSEEMN) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase up to an aggregate principal amount of $250 million (the “Tender Cap”) of its outstanding 3.800% Notes due 2025 (the “Notes”). A comprehensive description of the terms of the Tender Offer is included in the Company’s Offer to Purchase, dated July 29, 2024 (the “Offer to Purchase”).

Eastman Chemical Company (NYSEEMN) announced its second-quarter 2024 financial results.

Eastman Chemical Company (NYSEEMN):

Aldo Noseda, Eastman’s chief information officer, has been named the 2024 Tennessee CIO Global ORBIE® Award winner.

The Board of Directors of Eastman Chemical Company (NYSEEMN) has elected Mr. Donald Slager as a director. Slager is the former Chief Executive Officer for Republic Services, Inc., a $15 billion leader in the environmental services industry.

Eastman Chemical Company (NYSEEMN):

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock.

At the Eastman Chemical Company (NYSEEMN) annual meeting, stockholders:

Eastman Chemical Company (NYSEEMN) announced its first-quarter 2024 financial results.

Eastman is proud to announce that the company has earned the designation of VETS Indexes 4-Star Employer for 2024. The award recognizes Eastman’s commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community.

Eastman Chemical Company (NYSEEMN):

Eastman (NYSEEMN) today announced it has achieved on-spec initial production and is generating revenue from its new molecular recycling facility in Kingsport, Tennessee. The company expects to ramp up production of the new facility over the coming months and enable growth across a wide range of markets. Achieving this critical milestone enables the company’s pathway to deliver approximately $75 million of incremental EBITDA in 2024 from this facility as it builds momentum in its circular economy platform.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN):

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock.

Eastman Chemical Company (NYSEEMN) announced its fourth-quarter and full-year 2023 financial results.

Eastman Chemical Company (NYSEEMN):

Eastman (NYSEEMN) proudly announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Eastman joins the ranks of 545 major U.S. businesses that also earned top marks this year.

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared an increase in the quarterly cash dividend from $0.79 to $0.81 per share on its common stock. The dividend is payable Jan. 5, 2024, to stockholders of record as of Dec. 18, 2023.

Eastman Chemical Company (NYSEEMN) announced that it has completed the previously reported sale of its Texas City Operations to INEOS Acetyls. Texas City Operations was previously part of Eastman’s Chemical Intermediates segment. Eastman has retained ownership of its plasticizer business at the site, which INEOS now operates for Eastman as part of this agreement. Eastman will also continue to manufacture acetyls at its Tennessee Operations in Kingsport.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) announced its third-quarter 2023 financial results.

Eastman (NYSEEMN) today announced it has been recognized as part of 3BL’s Top 100 Corporate Citizens listing for 2023. The ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. Eastman was ranked number 16 on the 2023 list overall and number two in the materials sector.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group. Texas City Operations is currently part of Eastman’s Chemical Intermediates segment. Eastman will retain ownership of its plasticizer business at the site, which INEOS will operate for Eastman as part of this agreement. Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term agreement for supplying vinyl acetate monomer (“VAM”) to Eastman.

Eastman (NYSEEMN) today announced it has been recognized as part of Fortune’s Change the World list highlighting the companies that embrace corporate purpose and recognize how it can add value to business and society. The list recognizes companies that have had a positive social impact through activities that are part of their core business strategy. Fortune evaluates the companies by measurable social impact, business results, and degree of innovation. The list is dedicated to the idea that business is uniquely suited to addressing society’s biggest challenges.

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.79 per share on the company's common stock.

Eastman Chemical Company (NYSEEMN) announced its second-quarter 2023 financial results.

Eastman Chemical Company (NYSEEMN):

Eastman (NYSEEMN) today announced it has been recognized as part of Forbes’ first-ever Net Zero Leaders list highlighting the top 100 U.S. public companies positioning themselves to reduce greenhouse gas emissions and ultimately offset them by 2050.

Eastman Chemical Company (NYSEEMN):

At the Eastman Chemical Company (NYSEEMN) annual meeting, stockholders:

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.79 per share on the company's common stock.

Eastman Chemical Company (NYSEEMN) announced its first-quarter 2023 financial results.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) today announced that it has closed its offering of $500 million principal amount of 5.750% Senior Unsecured Notes due 2033, which is the first investment grade USD-denominated senior unsecured green bond offering by a U.S. issuer in the chemical sector. Net proceeds will be allocated to eligible projects to advance Eastman’s sustainability goals of mitigating climate change, mainstreaming circular economy, and caring for society.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) today announced the pricing of its public offering of $500 million aggregate principal amount of 5.750% notes due 2033 (the “Notes”) in its inaugural green bond offering. BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC are serving as active joint book-running managers for the offering, with Citigroup Global Markets Inc. also acting as the green structuring agent. Barclays Capital Inc., Morgan Stanley & Co. LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC are serving as passive joint book-running managers for the offering. The offering of the Notes is expected to be completed on March 8, 2023, subject to customary closing conditions.

Eastman Chemical Company (NYSEEMN):

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.79 per share on the company's common stock.

The Board of Directors of Eastman Chemical Company (NYSEEMN) on February 3, 2023 elected Ms. Linnie M. Haynesworth as a director. Haynesworth was most recently the sector vice president and general manager of the Cyber and Intelligence Mission Solutions Division for Northrop Grumman Corporation’s (NGC) Mission Systems Sector, where she was responsible for multiple $1 billion-plus divisions.

Eastman Chemical Company (NYSEEMN) announced its fourth-quarter and full-year 2022 financial results.

In line with Eastman’s continued commitment to environmentally friendly products, the company has been recognized by Green Seal® for its Eastman Optifilm™ enhancer 400 (OE 400).

Eastman Chemical Company (NYSEEMN):

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.79 per share on the company’s common stock, a 4 percent increase from $0.76 per share. The dividend is payable Jan. 6, 2023, to stockholders of record as of Dec. 15, 2022.

Eastman Chemical Company (NYSEEMN) announced its third-quarter 2022 financial results.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) announced that Travis Smith has been named Senior Vice President, Additives & Functional Products (AFP). Effective October 10, 2022, Smith will be assuming AFP responsibilities from Executive Vice President Lucian Boldea, who is stepping down to pursue an opportunity outside of Eastman.

Eastman Chemical Company (NYSEEMN) provided an update on its third-quarter 2022 financial results.

Eastman Chemical Company (NYSEEMN):

Eastman won two coveted Brandon Hall Group Gold awards for excellence in the Best Learning Program for Unconscious Bias Award and Learning Program Supporting a Change Transformation Business Strategy Award categories.

The Board of Directors of Eastman Chemical Company (NYSEEMN) has elected Eric L. Butler as a director. Butler is the former Executive Vice President and Chief Administrative Officer of Union Pacific Corporation.

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.76 per share on the company’s common stock.

Eastman Chemical Company (NYSEEMN) announced its second-quarter 2022 financial results.

Eastman Chemical Company (NYSEEMN):

The Société de Chimie Industrielle will award the 2022 International Palladium Medal to Eastman Board Chair and Chief Executive Officer Mark J. Costa for his contributions to the chemical industry and his leadership in enhancing the international aims and objectives of the Société de Chimie Industrielle. He will receive the award at a dinner in his honor on September 12, 2022, at the New York Hilton Midtown.

Eastman Chemical Company (NYSEEMN):

Eastman Chemical Company (NYSEEMN) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo, NA and Mizuho Markets Americas LLC to repurchase $500 million of Eastman’s common stock. With the execution of the ASR, Eastman will have made significant progress towards its target of repurchasing greater than $1 billion of shares in 2022, with approximately $750 million completed in the second quarter.

At the Eastman Chemical Company (NYSEEMN) annual meeting, stockholders:

The Board of Directors of Eastman Chemical Company (NYSEEMN) has declared a quarterly cash dividend of $0.76 per share on the company's common stock.

Eastman Chemical Company (NYSEEMN) announced its first-quarter 2022 financial results.