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Eastman Chemical (EMN)

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
SEC CIK
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

Calendar

29 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
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

Beta Read what these cash burn values mean

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
86.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 726 738 -1.6%
Opened positions 73 123 -40.7%
Closed positions 85 79 +7.6%
Increased positions 264 228 +15.8%
Reduced positions 244 253 -3.6%
13F shares Current Prev Q Change
Total value 11.93B 13.63B -12.4%
Total shares 106.52M 112.72M -5.5%
Total puts 370.1K 681.2K -45.7%
Total calls 357.8K 461K -22.4%
Total put/call ratio 1.0 1.5 -30.0%
Largest owners Shares Value Change
Vanguard 16.01M $1.79B -0.1%
JPM JPMorgan Chase & Co. 9.85M $1.1B -2.1%
BLK Blackrock 8.99M $1.01B +1.6%
STT State Street 5.84M $658.42M -5.3%
Putnam Investments 3.32M $372.43M +20.5%
Ninety One UK 2.69M $301.61M -7.3%
MS Morgan Stanley 2.57M $287.71M +35.3%
Geode Capital Management 2.52M $282.2M -4.1%
FMR 2.17M $243.48M +20.3%
LSV Asset Management 2.12M $237.23M -5.5%
Largest transactions Shares Bought/sold Change
Capital World Investors 0 -8.45M EXIT
American Century Companies 1.83M +1.81M +12812.9%
Victory Capital Management 88.39K -1.77M -95.2%
Norges Bank 0 -1.22M EXIT
Ceredex Value Advisors 681.68K +681.68K NEW
MS Morgan Stanley 2.57M +669.48K +35.3%
Putnam Investments 3.32M +565.09K +20.5%
Millennium Management 580.94K +562.52K +3054.5%
BNS Bank Of Nova Scotia 530.47K +504.36K +1931.7%
IVZ Invesco 1.38M -434.73K -23.9%

Financial report summary

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Competition
XPEL Inc - Reg S
Management 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

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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