Eric Zango's questions to Eastman Chemical Co (EMN) leadership • Q4 2024
Question
Eric Zango of Citigroup, on for Patrick Cunningham, asked which raw materials are expected to be inflationary in Q1 and requested more insight into the strategy behind new business wins and cost reductions in the AFP segment.
Answer
Executive Vice President and CFO William McLain identified higher propane and natural gas as the key inflationary raw materials for Q1. Board Chair and CEO Mark Costa elaborated on AFP's strategy, highlighting growth from stable end markets (ag, pharma, water), innovation in areas like high-purity solvents, and benefits from commercial excellence and the company-wide cost reduction program.