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Eastman Chemical — Jan 30, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000915389-25-000007
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Structural cost reduction
“reduce structural costs to more than offset inflation”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 5
Specialty business volume growth for FY2025
“modest volume growth”
Circular platform EBITDA growth commitment for FY2025
“$75 million-$100 million”
Structural cost reduction for FY2025
“reduce structural costs to more than offset inflation”
EPS for FY2025
“between $8.00-$8.75”
Cash from operations for FY2025
“approximately $1.3 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
A key driver of our innovative growth will be our circular platform as we remain on track with our 2025 commitments of $75 million-$100 million EBITDA growth shared recently at our Circular Deep Dive event. And finally, we will reduce structural costs to more than offset inflation while continuing to invest in growth and capabilities for long-term value creation. Partially offsetting these factors include headwinds related to higher energy costs, a stronger U.S. dollar, and customer inventory management in the Fibers business. Taking this together, we expect 2025 EPS to be between $8.00-$8.75 and for 2025 cash from operations to be approximately $1.3 billion.” The full-year 2025 projected adjusted diluted EPS and Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) exclude any non-core, unusual, or nonrecurring items. Our financial results forecasts do not include non-core items (such as mark-to-market pension and other postretirement benefit gain or loss, and asset impairments and restructuring charges) or any unusual or non-recurring items because we are unable to predict with reasonable certainty the financial impact of such items. These items are uncertain and depend on various factors, and we are unable to reconcile projected adjusted diluted EPS and EBITDA excluding non-core and any unusual or non-recurring items to reported GAAP diluted EPS or net earnings without unreasonable efforts. Forward-Looking Statements This information
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.