Case Summary: January 13, 2022 | Local


Ware takes on new role at VeraBank

Jennifer Ware has been named senior vice president of marketing and communications for VeraBank.

In this newly created position, Ware will be responsible for strategic marketing as well as internal and external communications for the bank across its statewide footprint.

“We are thrilled with the strong background and depth of professional expertise that Jennifer brings to VeraBank,” said Brad Tidwell, President and CEO of VeraBank. “These qualities combined with her clear commitment to serving the community make her a great addition to our team.”

Ware brings more than 15 years of experience in marketing, communications and public relations to this role. Most recently, she served as Regional Director of Marketing and Communications for CHRISTUS Health’s Northeast Texas Region, where she was responsible for strategic marketing, advertising, public relations and health systems communications. CHRISTUS Trinity Mother Frances, CHRISTUS Good Shepherd and CHRISTUS St. Michael. .

She received a Bachelor of Arts from Centenary College of Louisiana in Shreveport and a Masters in Public Policy from George Washington University in Washington, DC. of Chamber of Commerce Executives/Robert Wood Johnson Foundation Healthy Communities Fellowship. She is also the recipient of the 2021 East Texas View 40 Under 40 in Marketing & Advertising Award and the 2012 Longview Chamber of Commerce Emerging Leader Award.

Ware sits on the board of the Longview Museum of Fine Arts and the Spring Hill ISD Education Foundation. She is a co-founder of the Longview Foundation and the Longview Dog Park. Ware is also a member of the CHRISTUS circle, a supporter of the Longview Junior League and a volunteer with Arts! Longview. She and her family have called Longview home since 2009.

Eastman announces record sales and profits

Eastman Chemical Co. posted record revenue of nearly $10.5 billion for fiscal 2021.

Fiscal 2020 saw revenue of approximately $8.5 billion. Fourth-quarter 2021 sales were nearly $2.7 billion, compared to fourth-quarter sales of $2.2 billion in 2020.

Earnings per diluted share were $2.81 for the fourth quarter, down from 23 cents a year ago. Fiscal 2021 saw aggregate earnings per diluted share of $6.25, nearly double the $3.50 in 2020.

“Eastman made tremendous progress in 2021, delivering record revenue and adjusted EPS for the year. We continue to leverage our innovation-driven growth model to grow faster than our end markets We have also made remarkable progress advancing our leadership in the circular economy, including planning the construction of several material-to-material molecular recycling facilities globally,” said Mark Costa, Chairman of the Board of administration and CEO “I am incredibly proud and grateful for all that our people have done to work under very difficult conditions, stay focused on delivering record results and advancing our growth programs. We also remain focused on strong future cash flow generation and continued disciplined cash allocation We are very excited to the idea of ​​delivering continued success in 2022 and beyond. »

Nucor’s earnings up for fiscal 2021

Nucor Corp., which operates a co-located steel mill with Komatsu in Longview, reported higher profits for fiscal 2021 and the fourth quarter from a year ago.

Net income for the fourth quarter of 2021 was $2.25 billion, or $7.97 per diluted share, compared to $6.83 billion or $1.30 a year ago.

For the full year 2021, Nucor reported net income of $6.83 billion, or $23.16 per diluted share, compared to $721.5 million, or $2.36 per diluted share, there is a year.

“In many ways, 2021 has been an extraordinary year for Nucor. Our team achieved incredible financial and operational results in 2021. However, I am even prouder that our team had a record year for safety performance for the second year in a row,” said Leon Topalian, President and CEO of Nucor. “Our record financial performance is the result of years of investment work to strategically position and grow our portfolio of capabilities across the steel value chain.

Fourth-quarter net sales increased to $10.36 in 2021 from $5.26 billion a year ago.

“We appreciate the trust our customers place in Nucor with every order and we will continue to position ourselves to develop the capabilities that drive growth and shared success. Congratulations to the entire Nucor team on an extraordinary year and we look forward to continuing to lead our industry in both safety and profitability.

Sysco reports second quarter results

Houston-based Sysco, which has a wholesale restaurant food distribution center in Longview, said its second-quarter profitability was impacted by “the temporary increase in omicron and labor costs during the quarter”.

Earnings per share increased to 33 cents from 13 cents in the same period a year ago. Second quarter sales were $16.3 billion, an increase of 41.2% over the same period in 2020.

“Sysco’s results this quarter were fueled by another quarter of exceptional market share gains as the relative strength of our supply chain and our Recipe For Growth strategy enabled us to win in the marketplace. We continue to prioritize both top line growth and improved profitability, while effectively managing high inflation. Net results for the quarter were below our expectations due to higher than expected operating expenses driven by the current COVID environment,” said Kevin Hourican, President and CEO of Sysco. “The Omicron variant is currently impacting our customers, affecting their revenue and hours of operation. At Sysco, the impact of COVID is being felt in the productivity performance of our operations with cost of service above normal. Given the current economic conditions, we are managing the macro environment well.”

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