EMNEastman Chemical Co
Earnings Recap
• Reported GAAP EPS of $0.93 down -41.14% YoY • Reported revenue of $2.18B down -4.93% YoY • Eastman projects second-quarter adjusted EPS in the range of $1.70 to $1.90, expecting tailwinds from improved sales volume/mix and spread improvement. The company also targets $125 million to $150 million in cost savings for 2026.
Bullish
Eastman delivered strong sequential sales volume/mix improvement and 240 basis points of EBIT margin expansion. The company is implementing price increases, advancing methanolysis facility revenue, and pursuing significant cost savings.
Bearish
Eastman faced a 5 percent revenue decrease and lower adjusted EPS due to weak sales volume/mix and customer destocking. The company also experienced disruptions from the Middle East conflict and planned maintenance costs.