Eastman, Sealed Air Partner To Develop Certified Compostable Protein Trays As Alternative To Polystyrene Trays
Collaboration between industry leaders showcases value of a new sustainable innovation.
Collaboration between industry leaders showcases value of a new sustainable innovation.
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/4/2024 | $39.00 | Equal-Weight | Morgan Stanley | |
8/9/2024 | $47.00 → $35.00 | Buy → Hold | Jefferies | |
7/19/2024 | $43.00 → $40.00 | Outperform → Sector Perform | RBC Capital Mkts | |
7/9/2024 | $47.00 | Buy | Stifel | |
6/6/2024 | $36.00 → $50.00 | Neutral → Buy | Mizuho | |
5/23/2024 | $106.00 → $128.00 | Neutral → Buy | UBS | |
4/29/2024 | $102.00 → $125.00 | Hold → Buy | Jefferies | |
4/8/2024 | $39.00 → $44.00 | Hold → Buy | Truist |
Second Quarter 2024 Highlights and Financial Results Patrick Kivits joined Sealed Air as Chief Executive OfficerDustin Semach promoted to President and Chief Financial OfficerVolume growth in Food driven by strong end-market demandProtective volume weakness now expected to persist throughout 2024 into 2025CTO2Grow on track to generate $90 million of incremental cost savings for full-year 2024Strong generation of cash flow from operations and continued debt reduction($ millions, except per share data) GAAP Results Second Quarter 2024 2023 Reported △% Constant Currency △% Net Sales $1,345.1 $1,380.8 (2.6) % (1.7) % Net Earnings $97.8 $93.9 4.2 % Diluted EPS $0.67 $0.65 3.1 % Cash Flow from Op
The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable Oct. 7, 2024, to stockholders of record as of Sept. 16, 2024. Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer
Eastman Chemical Company (NYSE:EMN) announced its second-quarter 2024 financial results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725916788/en/ Delivered strong year-over-year sales volume/mix growth driven by Advanced Materials. Drove a 300-basis-point sequential margin improvement through volume/mix growth and operating leverage. Demonstrated continued commercial excellence by focusing on specialty product offerings and managing price-cost across the company. Continued to ramp up sales to our customers from the Kingsport methanolysis facility, while demonstrating higher operating rates and broadening the ran
3 - EASTMAN CHEMICAL CO (0000915389) (Issuer)
4 - SEALED AIR CORP/DE (0001012100) (Issuer)
3 - SEALED AIR CORP/DE (0001012100) (Issuer)
SC 13G - SEALED AIR CORP/DE (0001012100) (Subject)
SC 13G/A - SEALED AIR CORP/DE (0001012100) (Subject)
SC 13G/A - EASTMAN CHEMICAL CO (0000915389) (Subject)
Eastman Chemical Company (NYSE:EMN): Financial Results Release: Thursday, July 25, 2024 Approximately 4:15 p.m. Eastern Time Via wire distribution and www.eastman.com, News Center and SEC Form 8-K filing. Advance Slides, Webcast and Teleconference: Friday, July 26, 2024 8:00 a.m. Eastern Time Via listen-only live webcast and teleconference. Advance slides and prepared remarks: posted Thursday, July 25, evening at investors.eastman.com Webcast: Eastman Q2 2024 Webcast to join live webcast Teleconference: Toll-Free dial-in number +1 (833) 470-1428 Passcode: 696395 Teleconference Pre-Registration: To speed up co
CHARLOTTE, N.C., June 13, 2024 /PRNewswire/ -- SEE (NYSE:SEE) today announced that its Board of Directors has elected Patrick Kivits as its new Chief Executive Officer, following an extensive search process, effective July 1st, 2024. Mr. Kivits will also serve as a member of the Board of Directors of SEE. Mr. Emile Chammas and Mr. Dustin Semach will remain with the company. Mr. Chammas will continue to serve as Chief Operating Officer and Mr. Semach's role is being elevated to President and Chief Financial Officer. Henry Keizer, SEE Board Chairman, said, "We are pleased to we
At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders: reelected directors Humberto P. Alfonso, Brett D. Begemann, Eric L. Butler, Mark J. Costa, Linnie M. Haynesworth, Julie F. Holder, Renée J. Hornbaker, Kim Ann Mink, James J. O'Brien, and David W. Raisbeck to one-year terms; ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024; and approved, on an advisory basis, the compensation of the company's executive officers as disclosed in the annual meeting proxy statement (the "say-on-pay" vote). Additional information about each of the matters acted upon by stockholders at the annual meeting is in the pro
Eastman Chemical Company (NYSE:EMN): Laguna Conference Willie McLain, Executive Vice President and Chief Financial Officer, Eastman Chemical Company (NYSE:EMN), will address the Morgan Stanley 12th Annual Laguna Conference on September 12, 2024 at 2:35 p.m. PDT. Live Webcast Mr. McLain's presentation will be webcast live on investors.eastman.com. Replay An audio replay of the presentation will be available at investors.eastman.com, events & presentations. View source version on businesswire.com: https://www.businesswire.com/news/home/20240905015191/en/
Converting to Sealed Air helps company use more recycled content in packaging materials CHARLOTTE, N.C., Sept. 4, 2024 /PRNewswire/ -- Sealed Air (NYSE:SEE) is helping Best Buy (NYSE:BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America. Best Buy, the electronics, computer, appliances and technology product retailer, is taking meaningful action by using packaging that not only preserves the value of their products, but also supports the circular economy through use of packaging containing recycled content.
CHARLOTTE, N.C., Aug. 30, 2024 /PRNewswire/ -- Sealed Air Corporation (NYSE:SEE) will participate in the following event: 2024 Jefferies Industrials Conference – September 4, 2024, New York, NY 8:40 am ET – Fireside chatPatrick Kivits, CEODustin Semach, President and CFO Presentation will be webcast live. Interested parties can view the events on Sealed Air's Investors homepage at www.sealedair.com/investors. About Sealed AirSealed Air Corporation (NYSE:SEE), is a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation,
Morgan Stanley initiated coverage of Sealed Air with a rating of Equal-Weight and set a new price target of $39.00
Jefferies downgraded Sealed Air from Buy to Hold and set a new price target of $35.00 from $47.00 previously
RBC Capital Mkts downgraded Sealed Air from Outperform to Sector Perform and set a new price target of $40.00 from $43.00 previously
8-K - EASTMAN CHEMICAL CO (0000915389) (Filer)
10-Q - SEALED AIR CORP/DE (0001012100) (Filer)
8-K - SEALED AIR CORP/DE (0001012100) (Filer)
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Baird analyst Andrew Wittmann downgraded the rating for Cintas Corporation (NASDAQ:CTAS) from Outperform to Neutral, while increasing the price target from $750 to $775. Cintas shares gained 5.4% to settle at $758.97 on Thursday. See how other analysts view this stock. See how other analysts view this stock. RBC Capital analyst Arun Viswanathan downgraded Sealed Air Corporation (NYSE:SEE) from Outperform to Sector Perform, while cutting the price target from $43 to $40. Sealed Air shar
RBC Capital analyst Arun Viswanathan downgrades Sealed Air (NYSE:SEE) from Outperform to Sector Perform and lowers the price target from $43 to $40.
UBS analyst Joshua Spector maintains Sealed Air (NYSE:SEE) with a Neutral and lowers the price target from $39 to $38.