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 engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2019 revenues of approximately $9.3 billion and is headquartered in Kingsport, Tennessee, USA.

Company profile
Ticker
EMN
Exchange
Website
CEO
Mark Costa
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
DuPont de Nemours • Dow • Albemarle • Dow Chemical • Hexion • Trinseo • Avient • Hexcel • Kraton • AdvanSix ...
SEC CIK
Corporate docs
Subsidiaries
Accoya USA, LLC • CP Films Vertriebs GmbH • Crown Operations International, LLC • Eastman Acetyls, LLC • Eastman Adhesives Holding B.V. • Eastman Chemical (Barbados) SRL • Eastman Chemical (China) Co., Ltd. • Eastman Chemical (Malaysia) Sdn. Bhd. • Eastman Chemical (Nanjing) Co., Ltd. • Eastman Chemical (PPU) Pte. Ltd. ...
IRS number
621539359
EMN stock data
News
Wells Fargo Maintains Overweight on Eastman Chemical, Lowers Price Target to $110
2 Aug 22
Barclays Maintains Equal-Weight on Eastman Chemical, Lowers Price Target to $110
2 Aug 22
RBC Capital Maintains Sector Perform on Eastman Chemical, Raises Price Target to $97
2 Aug 22
Benzinga's Top Ratings Upgrades, Downgrades For August 1, 2022
1 Aug 22
Citigroup Downgrades Eastman Chemical to Neutral
1 Aug 22
Press releases
Eastman Board Elects New Director
8 Aug 22
Eastman Board Declares Dividend
4 Aug 22
Eastman Announces Second-Quarter 2022 Financial Results
28 Jul 22
Eastman Schedules Second-Quarter 2022 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information
7 Jul 22
Eastman Board Chair and CEO Mark J. Costa to be Awarded the 2022 International Palladium Medal
2 Jun 22
Analyst ratings and price targets
Current price
Average target
$111.50
Low target
$87.00
High target
$130.00
Wells Fargo
Maintains
$110.00
Barclays
Maintains
$110.00
RBC Capital
Maintains
$97.00
Keybanc
Maintains
$125.00
UBS
Maintains
$118.00
B of A Securities
Maintains
$115.00
Jefferies
Downgraded
$87.00
Credit Suisse
Initiated
$130.00
Calendar
29 Jul 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
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Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 456M | 456M | 456M | 456M | 456M | 456M |
Cash burn (monthly) | 10.33M | 12.75M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 14.84M | 18.32M | n/a | n/a | n/a | n/a |
Cash remaining | 441.16M | 437.68M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 42.7 | 34.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 May 22 | Renee J Hornbaker | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 105.67 | 1,041 | 110K | 39,072 |
5 May 22 | Charles K. Stevens III | Common Stock | Grant | Acquire A | No | No | 0 | 1,041 | 0 | 3,643 |
5 May 22 | Brett D Begemann | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 105.67 | 1,041 | 110K | 35,393 |
5 May 22 | Julie Fasone Holder | Common Stock | Grant | Acquire A | No | No | 0 | 1,041 | 0 | 11,870 |
Institutional ownership, Q1 2022
86.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 726 |
Opened positions | 73 |
Closed positions | 85 |
Increased positions | 264 |
Reduced positions | 244 |
13F shares | Current |
---|---|
Total value | 11.93B |
Total shares | 106.52M |
Total puts | 370.1K |
Total calls | 357.8K |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.01M | $1.79B |
JPM JPMorgan Chase & Co. | 9.85M | $1.1B |
BLK Blackrock | 8.99M | $1.01B |
STT State Street | 5.84M | $658.42M |
Putnam Investments | 3.32M | $372.43M |
Ninety One UK | 2.69M | $301.61M |
MS Morgan Stanley | 2.57M | $287.71M |
Geode Capital Management | 2.52M | $282.2M |
FMR | 2.17M | $243.48M |
LSV Asset Management | 2.12M | $237.23M |
Financial report summary
?Competition
XPEL Inc - Reg SManagement Discussion
- (1)Contribution to sales revenue of businesses divested which are not in 2022 comparable periods.
- Sales revenue increased in second quarter and first six months 2022 compared to second quarter and first six months 2021 as a result of increases in all operating segments. Further discussion by operating segment is presented in "Summary by Operating Segment" in this MD&A.
- Gross profit in second quarter and first six months 2022 included incremental costs, net of insurance proceeds, from the steam line incident, and first six months 2021 included accelerated depreciation resulting from the previously reported closure of an advanced interlayers manufacturing facility in North America in the AM segment as part of ongoing site optimization actions. Excluding these non-core and unusual items, gross profit increased in second quarter 2022 compared to second quarter 2021 as a result of increases in all segments except the Fibers segment, and gross profit decreased in first six months 2022 compared to first six months 2021 primarily as a result of decreases in the AM and Fibers segments partially offset by increases in the AFP and CI segments. Further discussion of sales revenue and EBIT changes is presented in "Summary by Operating Segment" in this MD&A.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Bad
|
New words:
Africa, auto, Codification, curtailment, East, Eastotac, EMEA, Europe, high, Lump, macroeconomic, Middle, moderated, MTM, Nanjing, produce, remeasurement, repaid, scheduled, slower, sum, tackifying, transfer, unfavorable, venture, wood
Removed:
amortized, closing, CrystexTM, depreciated, discretionary, group, issuance, maintained, offered, repay, SantoflexTM
Financial reports
Current reports
8-K
Eastman Board Elects New Director
8 Aug 22
8-K
Results of Operations and Financial Condition
28 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
11 May 22
8-K
Results of Operations and Financial Condition
28 Apr 22
8-K
Regulation FD Disclosure
18 Apr 22
8-K
Results of Operations and Financial Condition
27 Jan 22
8-K
Departure of Directors or Certain Officers
7 Dec 21
8-K
Departure of Directors or Certain Officers
23 Nov 21
8-K
Results of Operations and Financial Condition
28 Oct 21
8-K
Departure of Directors or Certain Officers
14 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
4 Apr 22
S-3ASR
Automatic shelf registration
11 Jun 21
424B5
Prospectus supplement for primary offering
1 Nov 18
FWP
Free writing prospectus
30 Oct 18
424B5
Prospectus supplement for primary offering
30 Oct 18
S-3ASR
Automatic shelf registration
11 Jun 18
8-A12B
Registration of securities on exchange
20 Nov 16
424B5
Prospectus supplement for primary offering
16 Nov 16
424B5
Prospectus supplement for primary offering
15 Nov 16
FWP
Free writing prospectus
15 Nov 16
Proxies
DEFA14A
Additional proxy soliciting materials
23 Mar 22
DEFA14A
Additional proxy soliciting materials
23 Mar 22
DEFR14A
Revised proxy
13 Apr 21
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
DEF 14A
Definitive proxy
25 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
Other
SD
Conflict minerals disclosure
26 May 22
SD
Conflict minerals disclosure
26 May 21
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
23 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
30 May 17
NO ACT
No action letter
28 Feb 17
NO ACT
No action letter
13 Feb 17
CERTNYS
Certification of approval for NYSE listing
22 Nov 16
CERTNYS
Certification of approval for NYSE listing
5 Jun 16
Ownership
3
EASTMAN CHEMICAL / ERIC L BUTLER ownership change
11 Aug 22
11-K
Annual report of employee stock purchases
24 Jun 22
4
EASTMAN CHEMICAL / Julie Fasone Holder ownership change
9 May 22
4
EASTMAN CHEMICAL / DAVID W RAISBECK ownership change
9 May 22
4
EASTMAN CHEMICAL / RENEE J HORNBAKER ownership change
9 May 22
4
EASTMAN CHEMICAL / Kim Ann Mink ownership change
9 May 22
4
EASTMAN CHEMICAL / Charles K. Stevens III ownership change
9 May 22
4
EASTMAN CHEMICAL / JAMES J /KY OBRIEN ownership change
9 May 22
4
EASTMAN CHEMICAL / Humberto P Alfonso ownership change
9 May 22
4
EASTMAN CHEMICAL / BRETT D BEGEMANN ownership change
9 May 22
Patents
Utility
Multilayer Sheet
11 Aug 22
Provided are copolyester multilayer film/sheet structures which exhibit improved durability and customizable modulus properties which can be useful in many applications, including formed articles for use in the dental appliance market.
Utility
Ester Synthesis Using Heterogeneous AU/TIO2 Catalyst
11 Aug 22
A process for direct esterification of an alkyl aldehyde with an alkyl alcohol to produce an alkyl ester is disclosed.
Utility
Sheet with high sizing acceptance
9 Aug 22
A process is provided for applying sizing to a wet laid fibrous sheet that comprises providing an aqueous slurry that comprises cellulose fibers and cellulose ester staple fibers; forming the wet laid fibrous sheet from the slurry; and applying an aqueous sizing composition that comprises one or more sizing agents to the wet laid fibrous sheet.
Utility
Multilayer Polymeric Cushion Films for Foldable Displays
4 Aug 22
This application discloses multilayer films suitable as cushion layers in foldable electronic displays.
Utility
Self-curable and Low Temperature Curable Coating Compositions
4 Aug 22
Polyesters having both α,β-unsaturated groups and moieties containing activated methylene or methine groups, such as those of beta-ketoester and malonate, are curable in the presence of a base catalysts to form crosslinked networks.
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q3
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
3 Aug 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
4 Aug 20
2020 Q1
Earnings call transcript
1 May 20
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