Eastman Chemical Co

EMN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$477.00	Lmmtbl	Qqmmdyvq

Eastman Chemical Earnings: Volume Growth Supports Our Recovery Thesis

Seth Goldstein

Apr 26, 2024

Eastman Chemical's first-quarter results showed demand was recovering in line with our outlook for the cadence of the year. Volumes rose 3% versus the prior-year quarter, following inventory destocking that weighed on 2023 results. In 2024, we think Eastman will generate higher profits, as customer inventory destocking will be largely completed by the end of the second quarter.

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