Eastman Chemical CoEMN

NYSEMaterialsPlastic Materials, Synth Resins & Nonvulcan Elastomers
Price (close)
$66.97
Market cap
$7.7B
P/E
17.3x
Revenue (TTM)
$8.9B
Net income
$442.0M
Dividend yield
5.02%
1-year total return
14.7%
Net margin
5.0%
Revenue growth
-4.5%
Debt / equity
0.86x

What Eastman Chemical Co does.

Eastman Chemical Company ("Eastman" or the "Company") is a global specialty materials company that produces a broad range of products found in items people use every day. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, on December 31, 1993. Eastman has 36 manufacturing facilities and has equity interests in four manufacturing joint ventures in 12 countries that supply products to customers throughout the world. See "Properties" in Part I, Item 2 of this Annual Report on Form 10-K (this "Annual Report"). The Company's headquarters and largest manufacturing facility are located in Kingsport, Tennessee. With a robust portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions with a commitment to safety and sustainability. Eastman's businesses are managed and reported in four operating segments: Advanced Materials ("AM"), Additives & Functional Products ("AFP"), Chemical Intermediates ("CI"), and Fibers. See "Business Segments".

In the first years as a stand-alone company, Eastman was diversified between commodity and more specialty chemical businesses. Beginning in 2004, the Company refocused its strategy and changed its businesses and portfolio of products, first by the divestiture and discontinuance of under-performing assets and commodity businesses and initiatives (including divestiture in 2004 of resins, inks, and monomers product lines, divestiture in 2006 of the polyethylene business, and divestiture from 2007 to 2010 of the polyethylene terephthalate ("PET") assets and business). The Company then pursued growth through the development and acquisition of more specialty businesses and product lines by inorganic acquisition and integration (including acquisitions of Solutia, Inc., a global leader in performance materials and specialty chemicals in 2012, and Taminco Corporation, a global specialty chemical company in 2014) and organic development and commercialization of new and enhanced technologies and products.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$8.5B$10.5B$10.6B$9.2B$9.4B$8.8B
Net income$478.0M$857.0M$793.0M$894.0M$905.0M$474.0M
Free cash flow$1.1B$1.1B$364.0M$546.0M$688.0M$424.0M

More on EMN.

Figures from Eastman Chemical Co's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.