Eastman Chemical Co (NYSE:EMN)
$ 102.94 -1.33 (-1.28%) Market Cap: 11.93 Bil Enterprise Value: 16.52 Bil PE Ratio: 13.78 PB Ratio: 2.11 GF Score: 81/100
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Eastman Chemical Co at Wells Fargo Industrials Conference (Virtual) Transcript

May 05, 2021 / 12:00PM GMT
Release Date Price: $123.04 (+1.56%)
Operator

Good afternoon, everyone. Before we get started, if you are a member of the press or media, please disconnect at this time. This is a restricted line. Any unauthorized party in this meeting or any unauthorized use of the information communicated in this meeting is subject to prosecution to the fullest extent of the law. Any unauthorized person, including the media who is on the line at this time, please disconnect.

Michael Joseph Sison
Wells Fargo Securities, LLC, Research Division - MD & Senior Equity Analyst

Cheers from Cleveland. This is Mike Sison. I cover chemicals for Wells Fargo. I want to thank everyone for joining us at our 12th Annual Wells Fargo Industrial Conference. I want to kick things off with Eastman Chemical, which has had a very strong start to '21. Stock is up 20% year-to-date versus the S&P 500, up 11%. During that time period, the company generated an impressive 8% sales growth during the first quarter, recently raised their guidance for '21 to $850 million at the midpoint, which would be a record for Eastman and up 38% year-over

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