We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eastman Chemical (EMN) Launches Advantis Adhesion Promoters
Read MoreHide Full Article
Eastman Chemical Company (EMN - Free Report) has announced the next generation of adhesion promoters to ensure that users of paints and coatings remain compliant with regulatory changes.
With the reclassification of cumene as carcinogenic category 1B in the European Union imminent this year, formulators now have two options. They can either continue using these substances with the new hazardous labeling or choose alternatives that restrict or eliminate them. Eastman's Advantis adhesion promoters provide customers the option to maintain compliance without the need for reformulation.
Advantis products are made up of modified polypropylene and polyethylene polymers that connect to untreated plastics and other difficult-to-bond-to surfaces better. In light of the upcoming regulatory changes, Advantis adhesion promotors were developed as a simple, drop-in replacement for formulations that utilize classic Eastman adhesion promoters. Advantis adhesion promoters are accessible in the marketplace as solutions, water-based dispersions and solid resins.
Shares of Eastman have lost 2.3% over the past year compared with a 16.5% rise of its industry.
Image Source: Zacks Investment Research
Eastman Chemical stated that it will continue with its pricing discipline through the remainder of 2023, which is expected to enable it to substantially recover margins. Also, the company is on track to reduce manufacturing, supply chain and non-manufacturing costs by a total of $200 million for the year, net of inflation.
EMN projects its cash flow from operating activities to be roughly $1.4 billion for 2023. The company expects adjusted EPS for full-year 2023 to grow 5-15% year over year, excluding an approximately 75 cents pension headwind.
Better-ranked stocks to consider in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Silvercorp Metals Inc. (SVM - Free Report) and PPG Industries, Inc. (PPG - Free Report) .
CRS currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for current-year earnings for CRS is currently pegged at $1.04, implying year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 198.1%, on average. The stock has gained around 103.7% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Silvercorp Metals currently flaunts a Zacks Rank #1. The consensus estimate for current fiscal-year earnings for Silvercorp Metals is currently pegged at 27 cents, suggesting year-over-year growth of 28.6%. The stock has jumped roughly 31.8% in the past year.
PPG Industries currently sports a Zacks Rank #1. The Zacks Consensus Estimate for PPG's current-year earnings has been revised 0.7% upward over the past 60 days. PPG Industries’ earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed once. It has a trailing four-quarter earnings surprise of roughly 6.8%, on average. PPG shares have gained around 30.3% in a year.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Eastman Chemical (EMN) Launches Advantis Adhesion Promoters
Eastman Chemical Company (EMN - Free Report) has announced the next generation of adhesion promoters to ensure that users of paints and coatings remain compliant with regulatory changes.
With the reclassification of cumene as carcinogenic category 1B in the European Union imminent this year, formulators now have two options. They can either continue using these substances with the new hazardous labeling or choose alternatives that restrict or eliminate them. Eastman's Advantis adhesion promoters provide customers the option to maintain compliance without the need for reformulation.
Advantis products are made up of modified polypropylene and polyethylene polymers that connect to untreated plastics and other difficult-to-bond-to surfaces better. In light of the upcoming regulatory changes, Advantis adhesion promotors were developed as a simple, drop-in replacement for formulations that utilize classic Eastman adhesion promoters. Advantis adhesion promoters are accessible in the marketplace as solutions, water-based dispersions and solid resins.
Shares of Eastman have lost 2.3% over the past year compared with a 16.5% rise of its industry.
Image Source: Zacks Investment Research
Eastman Chemical stated that it will continue with its pricing discipline through the remainder of 2023, which is expected to enable it to substantially recover margins. Also, the company is on track to reduce manufacturing, supply chain and non-manufacturing costs by a total of $200 million for the year, net of inflation.
EMN projects its cash flow from operating activities to be roughly $1.4 billion for 2023. The company expects adjusted EPS for full-year 2023 to grow 5-15% year over year, excluding an approximately 75 cents pension headwind.
Eastman Chemical Company Price and Consensus
Eastman Chemical Company price-consensus-chart | Eastman Chemical Company Quote
Zacks Rank & Key Picks
Eastman currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks to consider in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Silvercorp Metals Inc. (SVM - Free Report) and PPG Industries, Inc. (PPG - Free Report) .
CRS currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for current-year earnings for CRS is currently pegged at $1.04, implying year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 198.1%, on average. The stock has gained around 103.7% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Silvercorp Metals currently flaunts a Zacks Rank #1. The consensus estimate for current fiscal-year earnings for Silvercorp Metals is currently pegged at 27 cents, suggesting year-over-year growth of 28.6%. The stock has jumped roughly 31.8% in the past year.
PPG Industries currently sports a Zacks Rank #1. The Zacks Consensus Estimate for PPG's current-year earnings has been revised 0.7% upward over the past 60 days. PPG Industries’ earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed once. It has a trailing four-quarter earnings surprise of roughly 6.8%, on average. PPG shares have gained around 30.3% in a year.