EASTMAN CHEMICAL CO
Business
Eastman Chemical Company is a global specialty materials manufacturer producing polymers, films, plastics, additives, chemical intermediates, and fibers for transportation, durables, building and construction, personal care, and consumables markets. Key products include Tritan™ copolyesters, Saflex™ interlayers and films, cellulosic biopolymers, alkylamines, and acetate fibers, with innovations in molecular recycling and sustainable materials. The company operates four reportable segments—Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers—serving customers across more than 100 countries with significant sales from outside North America.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales | 8,752 | 9,382 | 9,210 | 10,580 | 10,476 | |
| Cost of sales | 6,908 | 7,092 | 7,149 | 8,443 | 7,976 | |
| Gross profit | 1,844 | 2,290 | 2,061 | 2,137 | 2,500 | |
| Selling, general and administrative expenses | 658 | 736 | 727 | 726 | 795 | |
| Research and development expenses | 255 | 250 | 239 | 264 | 254 | |
| Asset impairments, restructuring, and other charges, net | 96 | 51 | 37 | 52 | 47 | |
| Other components of post-employment (benefit) cost, net | −25 | −72 | 41 | −101 | −412 | |
| Other (income) charges, net | 84 | 47 | 38 | −6 | −17 | |
| Gain on divested business | 0 | 0 | −323 | 43 | 552 | |
| Earnings before interest and taxes | 776 | 1,278 | 1,302 | 1,159 | 1,281 | |
| Net interest expense | 208 | 200 | 215 | 182 | 198 | |
| Earnings before income taxes | 568 | 1,078 | 1,087 | 977 | 1,082 | |
| Provision for income taxes | 93 | 170 | 191 | 181 | 215 | |
| Net earnings | 475 | 908 | 896 | 796 | 867 | |
| Less: Net earnings attributable to noncontrolling interest | 1 | 3 | 2 | 3 | 10 | |
| Net earnings attributable to Eastman | 474 | 905 | 894 | 793 | 857 | |
| Basic earnings per share attributable to Eastman | 4.14 | 7.75 | 7.54 | 6.42 | 6.35 | |
| Diluted earnings per share attributable to Eastman | 4.1 | 7.67 | 7.49 | 6.35 | 6.25 | |
| Change in cumulative translation adjustment | 34 | −20 | −67 | 7 | 56 | |
| Prior service credit arising during the period | 157 | 0 | 0 | 0 | 0 | |
| Amortization of unrecognized prior service credits included in net periodic costs | −8 | −8 | −21 | 27 | −28 | |
| Unrealized gain (loss) during period | −44 | 18 | −27 | 53 | 66 | |
| Reclassification adjustment for (gains) losses included in net income, net | 15 | 15 | 1 | −56 | −3 | |
| Total other comprehensive income (loss), net of tax | 154 | 5 | −114 | −23 | 91 | |
| Comprehensive income including noncontrolling interest | 629 | 913 | 782 | 773 | 958 | |
| Comprehensive income attributable to Eastman | 628 | 910 | 780 | 770 | 948 | |
| Cash dividends declared | −382 | −382 | −377 | −377 | −380 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 566 | 837 | 548 | 493 | 459 | |
| Trade receivables, net of allowance for credit losses | 737 | 791 | 826 | 957 | 1,091 | |
| Miscellaneous receivables | 262 | 381 | 328 | 320 | 489 | |
| Inventories | 1,980 | 1,988 | 1,683 | 1,894 | 1,504 | |
| Other current assets | 100 | 104 | 96 | 114 | 96 | |
| Total current assets | 3,645 | 4,101 | 3,481 | 3,778 | 4,646 | |
| Properties and equipment at cost | 14,507 | 13,985 | 13,574 | 12,942 | 12,680 | |
| Less: Accumulated depreciation | 8,776 | 8,370 | 8,026 | 7,782 | 7,684 | |
| Net properties | 5,731 | 5,615 | 5,548 | 5,160 | 4,996 | |
| Goodwill | 3,665 | 3,632 | 3,646 | 3,664 | 3,641 | |
| Intangible assets, net of accumulated amortization | 970 | 1,032 | 1,138 | 1,210 | 1,362 | |
| Other noncurrent assets | 848 | 833 | 820 | 855 | 874 | |
| Total assets | 14,859 | 15,213 | 14,633 | 14,667 | 15,519 | |
| Payables and other current liabilities | 2,066 | 2,258 | 2,035 | 2,125 | 2,133 | |
| Borrowings due within one year | 586 | 450 | 541 | 1,126 | 747 | |
| Total current liabilities | 2,652 | 2,708 | 2,576 | 3,251 | 2,971 | |
| Long-term borrowings | 4,201 | 4,567 | 4,305 | 4,025 | 4,412 | |
| Deferred income tax liabilities | 669 | 533 | 601 | 671 | 810 | |
| Post-employment obligations | 409 | 630 | 667 | 628 | 811 | |
| Other long-term liabilities | 891 | 923 | 954 | 856 | 727 | |
| Total liabilities | 8,822 | 9,361 | 9,103 | 9,431 | 9,731 | |
| Common stock, shares issued (in shares) | 224 | 224 | 223 | 222 | 222 | |
| Common Stock, Shares Authorized | 350 | 350 | 350 | 350 | 350 | |
| Common stock, par value (in dollars per share) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Common stock ($0.01 par value per share 350,000,000 shares authorized; shares issued 223,938,047 and 223,588,347 on December 31, 2025 and 2024, respectively) | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 2,500 | 2,463 | 2,368 | 2,315 | 2,187 | |
| Accumulated other comprehensive loss | −160 | −314 | −319 | −205 | −182 | |
| Total stockholders' equity before treasury stock | 12,447 | 12,164 | 11,541 | 11,085 | 10,564 | |
| Treasury stock at cost (in shares) | 110 | 108 | 105 | 104 | — | |
| Less: Treasury stock at cost (109,891,531 and 108,470,763 shares on December 31, 2025 and 2024, respectively) | 6,486 | 6,385 | 6,083 | 5,932 | 4,860 | |
| Total Eastman stockholders' equity | 5,961 | 5,779 | 5,458 | 5,153 | 5,704 | |
| Noncontrolling interest | 76 | 73 | 72 | 83 | 84 | |
| Total equity | 6,037 | 5,852 | 5,530 | 5,236 | 5,788 | |
| Total liabilities and stockholders' equity | 14,859 | 15,213 | 14,633 | 14,667 | 15,519 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 513 | 509 | 498 | 477 | 538 | |
| Mark-to-market pension and other postretirement benefit plans (gain) loss, net | −6 | −54 | 53 | 19 | −267 | |
| Asset impairment charges | 33 | 5 | 0 | 0 | 16 | |
| Gain on sale of assets | 0 | 0 | −15 | 15 | 0 | |
| Provision for (benefit from) deferred income taxes | 141 | −52 | −102 | −136 | −38 | |
| (Increase) decrease in trade receivables | 61 | 28 | 126 | 93 | −281 | |
| (Increase) decrease in inventories | 24 | −344 | 201 | −430 | −389 | |
| Increase (decrease) in trade payables | −76 | 188 | −190 | 60 | 554 | |
| Pension and other postretirement contributions (in excess of) less than expenses | −60 | −51 | −66 | −149 | −185 | |
| Variable compensation payments (in excess of) less than expenses | −22 | 99 | 142 | −103 | 162 | |
| Other items, net | −113 | 51 | 154 | 290 | 89 | |
| Net cash provided by operating activities | 970 | 1,287 | 1,374 | 975 | 1,619 | |
| Additions to properties and equipment | −546 | −599 | −828 | −611 | −555 | |
| Government incentives | 21 | 9 | 0 | 0 | — | |
| Proceeds from sale of businesses | 38 | 38 | 456 | 998 | 667 | |
| Acquisitions, net of cash acquired | 0 | 0 | −77 | −1 | −114 | |
| Other items, net | 25 | 18 | 17 | 6 | −4 | |
| Net cash used in investing activities | −462 | −534 | −432 | 392 | −29 | |
| Net increase (decrease) in commercial paper and other borrowings | 0 | 0 | −326 | 326 | −50 | |
| Proceeds from borrowings | 246 | 1,237 | 796 | 500 | 0 | |
| Repayment of borrowings | −550 | −1,039 | −808 | −750 | −300 | |
| Dividends paid to stockholders | −381 | −379 | −376 | −381 | −375 | |
| Treasury stock purchases | −100 | −300 | −150 | −1,002 | −1,000 | |
| Other items, net | −12 | 27 | −24 | −14 | 35 | |
| Net cash used in financing activities | −797 | −454 | −888 | −1,321 | −1,690 | |
| Effect of exchange rate changes on cash and cash equivalents | 18 | −10 | 1 | −12 | −5 | |
| Net change in cash and cash equivalents | −271 | 289 | 55 | 34 | −105 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is EASTMAN CHEMICAL CO's CIK number?
EASTMAN CHEMICAL CO's SEC CIK number is 0000915389 (915389). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EASTMAN CHEMICAL CO's SEC filings?
All of EASTMAN CHEMICAL CO's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EASTMAN CHEMICAL CO last report earnings?
EASTMAN CHEMICAL CO (EMN) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000915389-26-000094). This is EASTMAN CHEMICAL CO's most recent earnings filing of record — not a forecast of its next earnings date.
What is EASTMAN CHEMICAL CO's most recent earnings 8-K?
EASTMAN CHEMICAL CO's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000915389-26-000094. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View EASTMAN CHEMICAL CO's latest earnings 8-K →
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