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EMN Eastman Chemical

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
NYSE
Website
www.eastman.com/
CEO
Mark Costa
Employees
Incorporated
Delaware
Location
Tennessee
Fiscal year end
Dec 31
Sector
Manufacturing > Plastics Material and Resin Manufacturing
Industry (SIC)
Plastic Materials, Synth Resins & Nonvulcan Elastomers
DuPont de Nemours • Dow • Dow Chemical • Hexion • Albemarle • Trinseo • Hexcel • Kraton • AdvanSix • Avient ...
SEC CIK
0000915389
Corporate docs
IRS number
621539359

EMN stock data

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)

News

Pro users get this 30m faster
Morgan Stanley Maintains Overweight on Eastman Chemical, Raises Price Target to $130
13 Apr 21
Morgan Stanley maintains Eastman Chemical (NYSE:EMN) with a Overweight and raises the price target from $120 to $130.
Keybanc Maintains Overweight on Eastman Chemical, Raises Price Target to $126
12 Apr 21
Keybanc maintains Eastman Chemical (NYSE:EMN) with a Overweight and raises the price target from $122 to $126.
Eastman Announces Investment to Upgrade and Expand Extrusion Capabilities for Interlayers Production
22 Mar 21
Eastman Chemical Company (NYSE:EMN) today announced it is making an investment to upgrade and expand its extrusion capabilities for production of interlayers product lines at its Springfield, Massachusetts, manufacturing
10 Biggest Price Target Changes For Tuesday
16 Mar 21
Deutsche Bank Maintains Buy on Eastman Chemical, Raises Price Target to $126
16 Mar 21

Press releases

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Eastman Schedules First-Quarter 2021 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information
8 Apr 21
Eastman Chemical Company (NYSE:EMN): Financial Results Release: Thursday, April 29, 2021 Approximately 4:30 p.m. Eastern Time Via wire distribution and www.eastman.com, News Center and SEC Form 8-K
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Eastman Chemical Company (EMN)
31 Mar 21
New York, New York--(Newsfile Corp. - March 31, 2021) - Levi & Korsinsky announces it has commenced an investigation of Eastman Chemical Company (NYSE:EMN) concerning possible breaches of fiduciary duty. To obtain
Eastman Announces Investment to Upgrade and Expand Extrusion Capabilities for Interlayers Production
22 Mar 21
Eastman Chemical Company (NYSE:EMN) today announced it is making an investment to upgrade and expand its extrusion capabilities for production of interlayers product lines at its Springfield, Massachusetts,
Eastman CFO Willie McLain to address the JP Morgan Industrials Conference
8 Mar 21
Eastman Board Declares Dividend
18 Feb 21

Calendar

22 Feb 21
13 Apr 21
31 Dec 21

Financial summary

Financial statements Chart EMN financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 564M 564M 564M 564M 564M 564M
Cash burn (monthly) 28.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 99.09M n/a n/a n/a n/a n/a
Cash remaining 464.91M n/a n/a n/a n/a n/a
Runway (months of cash) 16.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

EMN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 21 Julie Fasone Holder Phantom Stock Units Common Stock Grant Aquire A No No 0 270 0 9,083
5 Apr 21 Renee J Hornbaker Phantom Stock Units Common Stock Grant Aquire A No No 0 270 0 35,692
5 Apr 21 David W Raisbeck Phantom Stock Units Common Stock Grant Aquire A No No 0 270 0 43,402
5 Apr 21 Charles K. Stevens III Phantom Stock Units Common Stock Grant Aquire A No No 0 270 0 1,220
5 Apr 21 Mink Kim Ann Phantom Stock Units Common Stock Grant Aquire A No No 0 270 0 4,195
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

EMN institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

84.4% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 682 620 +10.0%
Opened positions 124 79 +57.0%
Closed positions 62 58 +6.9%
Increased positions 203 195 +4.1%
Reduced positions 247 232 +6.5%
13F shares
 Current Prev Q Change
Total value 11.55B 8.93B +29.3%
Total shares 115.17M 114.4M +0.7%
Total puts 264.8K 365.2K -27.5%
Total calls 279.7K 602.6K -53.6%
Total put/call ratio 0.9 0.6 +56.2%
Largest owners
 Shares Value Change
Vanguard 14.77M $1.48B -1.3%
JPM JPMorgan Chase & Co. 12.92M $1.3B +5.1%
Capital World Investors 10.17M $1.02B +42.5%
BLK Blackrock 9.22M $924.56M +1.0%
STT State Street 6.09M $614.65M -0.3%
LSV Asset Management 3.25M $326.41M -25.2%
Geode Capital Management 2.57M $257.19M -2.4%
Victory Capital Management 2.56M $256.27M -17.5%
IVZ Invesco 2.54M $255.06M -8.0%
AMP Ameriprise Financial 2.5M $250.64M -9.0%
Largest transactions
 Shares Bought/sold Change
Capital World Investors 10.17M +3.03M +42.5%
Ninety One UK 1.93M +1.93M NEW
LSV Asset Management 3.25M -1.1M -25.2%
PointState Capital 0 -662.99K EXIT
JPM JPMorgan Chase & Co. 12.92M +630.05K +5.1%
BK Bank Of New York Mellon 1.85M -615.64K -24.9%
Victory Capital Management 2.56M -541.62K -17.5%
Thrivent Financial For Lutherans 539.32K -439.52K -44.9%
Scopus Asset Management 0 -303.23K EXIT
Adage Capital Partners GP, L.L.C. 264.5K +264.5K NEW
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
XPEL Inc - Reg S
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: accessory, acidethylene, adherence, adhering, agrochemicalsenergyconsumableswater, aliphatic, Allen, American, andaviation, andpressure, annum, APO, attempted, attestation, Authorisation, auto, backup, BJ, burden, butanol, carpet, case, certified, ChunPetrochemical, CIO, CIPP, Club, Coast, content, Council, country, creatively, Cristal, cybersecurity, decrement, deploy, Diageo, Dimethylethanolamine, Disease, Dow, ease, EastaPure, Eastoflex, emotional, encourage, encryption, ethanol, ethnic, ethnically, expectedreturn, Exxon, eyewear, female, Fo, foraftermarketapplied, forarchitectural, fossil, fostering, Fungicide, GCA, gender, Ghent, glove, goal, guided, Gulf, gut, hand, hexanol, holiday, holistic, household, Huntington, inAssumption, Insecticide, inspired, intact, interbank, Jiutai, Johnson, Kellye, London, lump, Matthey, medical, MEG, mindset, Mobil, Mongolia, mono, neutrality, nonparticipating, nutritionindustrial, Occupational, Oriental, OSHA, overseen, oxidepropaneheavy, paintprotection, parity, PET, pointdecrease, pointincrease, polyolefin, polyurethane, precautionary, privacy, privilege, proceeding, protocol, pulppropanepropylene, PVBsheet, PVBsheetpremium, racial, racially, realignment, representation, residentialand, resinsand, ResinsLimitedChang, resinsmainly, Rodenticide, routine, safely, shut, solutionspreservationindustrial, solve, solventspaint, staple, stay, stewardship, substitution, sulfurrubber, Sutherland, Team, tertiary, treatmentanimal, triethylene, Vanessa, vinyl, Walker, Wholesale, workplace
Removed: accelerating, Andersen, Arthur, Assistant, attorney, Australia, backlog, capita, Chromspun, collar, comfort, compound, conflicting, deductibility, destocking, dictate, disrupted, Division, doubtful, Eastern, efficient, enactment, Espeland, Estrobond, EURIBOR, exceeding, favoring, filled, gasified, gradually, grip, Hernandez, implementation, improving, introduction, Kling, Kuraray, labeling, land, lost, low, Michael, mixed, nonqualifying, observed, outperforming, overcome, permitting, prospective, pulp, refinanced, regain, reorganization, replace, resin, resistance, Robert, ruling, Secretary, shape, size, stable, UAB, UFJ, updated
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
3 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18

Current reports

View all
8-K
Departure of Directors or Certain Officers
3 Feb 21
8-K
Results of Operations and Financial Condition
28 Jan 21
8-K
Departure of Directors or Certain Officers
8 Dec 20
8-K
Eastman Announces Third-Quarter 2020 Financial Results
29 Oct 20
8-K
Results of Operations and Financial Condition
3 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
13 May 20
8-K
Entry into a Material Definitive Agreement
6 May 20
8-K
Results of Operations and Financial Condition
30 Apr 20
8-K
Entry into a Material Definitive Agreement
15 Apr 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
1 Apr 20

Registration and prospectus

View all
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
8-A12B
Registration of securities on exchange
2 Jun 16
424B5
Prospectus supplement for primary offering
19 May 16

Proxies

View all
DEFR14A
Revised proxy
13 Apr 21
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEF 14A
Definitive proxy
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
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Mar 18

Other

View all
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
UPLOAD
Letter from SEC
5 Jun 16
CORRESP
Correspondence with SEC
23 May 16

Ownership

View all
4
EASTMAN CHEMICAL / Edward L Doheny II ownership change
7 Apr 21
4
EASTMAN CHEMICAL / Humberto P Alfonso ownership change
7 Apr 21
4
EASTMAN CHEMICAL / BRETT D BEGEMANN ownership change
7 Apr 21
4
EASTMAN CHEMICAL / JAMES J /KY OBRIEN ownership change
7 Apr 21
4
EASTMAN CHEMICAL / Vanessa Allen Sutherland ownership change
7 Apr 21
4
EASTMAN CHEMICAL / Kim Ann Mink ownership change
7 Apr 21
4
EASTMAN CHEMICAL / Charles K. Stevens III ownership change
7 Apr 21
4
EASTMAN CHEMICAL / DAVID W RAISBECK ownership change
7 Apr 21
4
EASTMAN CHEMICAL / RENEE J HORNBAKER ownership change
7 Apr 21
4
EASTMAN CHEMICAL / Julie Fasone Holder ownership change
7 Apr 21

Patents

View all
GRANT
Utility
Separation of propionic acid from acrylic acid via azeotropic distillation
6 Apr 21
The present disclosure relates to a process for producing high-purity acrylic acid using azeotropic distillation and using water as an entrainer.
GRANT
Utility
Branched trialkyl amine oxides
30 Mar 21
Inventors: Stephanie Kay Clendennen, Vasudev R. Bhonde, Damon Ray Billodeaux, Matthew Allen Boone, Kim Dumoleijn, Stijn Simonne Paul Van de Vyver, Kristof Moonen, Neil Warren Boaz
APP
Utility
Tough Shrinkable Films
25 Mar 21
Inventors: Mark Allen Peters, James Carl Williams, Rondell Paul Little, JR., James Wesley Peer, Jacob E. Napierala
GRANT
Utility
Production of purified dialkyl-furan-2,5-dicarboxylate (DAFD) in a retrofitted DMT plant
23 Mar 21
Disclosed is a process to produce a purified vapor comprising dialkyl-furan-2,5-dicarboxylate (DAFD).
APP
Utility
Functionalized Resin Having a Polar Linker
18 Mar 21
Polar silane linkers are provided that attach to resins to form silane-functionalized resins.

Transcripts

View all
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
2019 Q4
Earnings call transcript
31 Jan 20
2019 Q3
Earnings call transcript
25 Oct 19
2019 Q2
Earnings call transcript
26 Jul 19
2019 Q1
Earnings call transcript
26 Apr 19
2018 Q4
Earnings call transcript
1 Feb 19
2018 Q3
Earnings call transcript
26 Oct 18

Reddit threads

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