Eastman Chemical cleared earnings expectations by 8.2% as its Chemical Intermediates segment flipped to a $58 million profit from a $30 million loss a year ago, fueled by 39% revenue growth from Middle East supply disruptions that drove prices and volumes higher. Sequential margins expanded 350 basis points on disciplined pricing in specialties, though management trimmed full-year cash flow guidance to $900 million as inflationary pressure on receivables bites.
Eastman Chemical :
EMN
EMN
Stock Data
$73.64
$0.14 (0.19%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
BASIC MATERIALS
Industry
SPECIALTY CHEMICALS
Eastman Chemical Company is a global specialty materials provider with a diverse portfolio that includes additives, functional products, advanced materials, chemical intermediates, and fibers. Serving a wide range of industries such as transportation, personal care, construction, and electronics, Eastman is known for its innovative solutions in coatings, adhesives, and plastics, among others. Founded in 1920 and based in Kingsport, Tennessee, the company emphasizes sustainability and technological advancement in developing products for everyday use and specialized applications.
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