EMN
Eastman Chemical Company63.65
-0.30-0.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Fibers fixes, ETP details surface
Q&A unpacked fibers' $65M non-tow EBIT hit last year from tariffs, utilization, energy, with stabilization via contract mins, modest price cuts, Naia staple push, Aventa growth. CI volatility targeted by ETP project converting ethylene to propylene for $50M-$100M earnings gain, payback under 2 years. rPET volumes pull forward as mechanical recycling quality degrades faster than expected. Cost cuts aim $125M-$150M this year atop $100M last. Management candid on macro risks yet confident in controllables. Q&A adds execution meat to guidance. Fibers gets every lever pulled.
Key Stats
Market Cap
7.31BP/E (TTM)
10.63Basic EPS (TTM)
5.99Dividend Yield
0.05%Recent Filings
8-K
Eastman issues $600M notes
Eastman Chemical issued $600 million of 4.500% notes due February 20, 2031, on February 20, 2026, netting ~$593.7 million after expenses. Proceeds target general corporate purposes like working capital, capex, and debt repayment to fuel strategic initiatives. Notes carry standard covenants and redemption options. Flexibility boosted.
10-K
FY2025 results
Eastman Chemical's 10-K for FY2025 ended December 31, 2025 confirms 114M shares outstanding at year-end with non-affiliate market value ~$8.5B at mid-year pricing. No financial statements, quarterly breakdowns, or performance metrics appear in the provided filing excerpt, which covers cover pages, forward-looking statements, and a Fourth Amended Credit Agreement dated February 12, 2026 extending $1.5B revolving commitments to 2031. Q4 momentum undisclosed. Solid liquidity via the facility. Supply disruptions threaten quarterly momentum.
8-K
Q4/FY25 results released
Eastman released Q4 and full-year 2025 results on January 29, 2026, with revenue down 7% to $8.752B and adjusted EBIT off 28% to $930M amid weak demand and inventory destocking. Cash from operations hit ~$1B; Kingsport methanolysis added $60M earnings via 2.5x output. Returned $500M to shareholders. Plans $125M-$150M more cuts in 2026. Cash flow proves resilient.
10-Q
Q3 FY2025 filing (financials omitted)
Eastman Chemical filed its 10-Q for the quarter ended September 30, 2025, but primary financial statements are not included in the provided excerpt. The filing discloses an executive employment offer dated September 3, 2025, to Stephen G. Crawford as Executive Vice President, Technology Projects, transitioning to Chief Technology Officer and Chief Sustainability Officer on January 1, 2026, with a start date of November 3, 2025. Compensation includes $705,000 annual base salary, 85% target variable pay ($599,250 at 1x), $800,000 signing bonus, and $2,200,000 RSUs cliff vesting after 13 months. No revenue, EPS, cash flow, or debt figures provided. Shares outstanding: 114,069,800. Eastman bolsters leadership. Risk: talent retention challenges.
8-K
Q3 sales drop 11%
Eastman released Q3 2025 results on November 3, showing sales revenue down 11% to $2,202 million from $2,464 million amid weak consumer discretionary markets and inventory unwinding. Operating cash flow held steady at $402 million, fueled by $204 million inventory cuts, while returning $146 million to shareholders. Cost cuts on track for >$75 million in 2025. Cash rules here.
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