Eastman Chemical Co
NYSE:EMN

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Eastman Chemical Co Logo
Eastman Chemical Co
NYSE:EMN
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Price: 65.8 USD 1.62% Market Closed
Market Cap: 7.5B USD

Eastman Chemical Co
Investor Relations

Eastman Chemical Co., born out of the ash and dust of innovation, traces its roots back to 1920 when George Eastman orchestrated its inception as a vital wing of Kodak. Originally established to secure raw materials for Kodak's photography business, Eastman soon stretched beyond its origins with an eye on the horizons of chemical ingenuity. Over the decades, the company cultivated a vast portfolio, diving into specialty chemicals and advanced materials, far removed from its first endeavors. It became a master at transforming basic chemical building blocks into value-added products that serve myriad industries, from pharmaceuticals and agriculture to consumer products and construction. By capitalizing on the scientific alchemy of catalysis, polymer science, and chemical engineering, Eastman continues to forge pathways into new markets.

Navigating the 21st-century landscape, Eastman Chemical has proven itself adept at adapting its sails to the winds of change and sustainability imperatives, an approach paramount to its business strategy. The company operates through several nimble segments, such as Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers, each weaving their unique contribution to the company’s bottom line. These segments transform their chemical wizardry into products like coatings, adhesives, specialty plastics, and fibers, embedded in everyday items and industrial essentials. Holding a keen focus on innovation and client collaboration, Eastman not only maintains its status as a leader in specialty materials but also seeks to boost profitability through efficiency and global expansion, ensuring its long-standing tradition of growth and transformation endures amidst the evolving tapestry of the global economy.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

2026 Earnings Bridge: Management outlined a path to earnings growth in 2026, highlighting $100 million in cost savings, $50–75 million in asset utilization tailwinds, and a significant revenue increase from recycling initiatives.

Recycling Growth: The Kingsport recycling plant is running well with potential for a 30% capacity expansion and higher yields than expected; management expects a major revenue and margin lift from both specialty and rPET sales next year.

Pepsi Contract Update: The Pepsi rPET contract will start earlier than planned, supporting plant utilization and providing price stability; management is confident they can meet contract obligations from existing capacity.

Cost Reductions: Eastman exceeded $75 million in cost savings for 2025 and raised its 2026 target to $100 million, with aggressive actions across headcount, productivity, and AI-driven efficiency.

Demand & Inventory: Weak end-market demand, inventory unwinding, and trade-related pull-forwards impacted Q3 and Q4, but management expects seasonal and inventory headwinds to reverse in Q1 2026.

Portfolio & Strategy: The company remains committed to its innovation-driven specialty strategy, while actively optimizing its asset base and considering future portfolio moves.

Dividend & Capital Allocation: Management reiterated confidence in the dividend and will update on the potential for increased buybacks in January, noting strong cash flow support.

Key Financials
Cost Savings
$75 million
Headcount Reduction
7%
Dividend Growth Streak
15 consecutive years
Kingsport Plant Yield
90%
Kingsport Plant Capacity Expansion
30%
CI Asset Utilization Tailwind
$50–75 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Mark J. Costa
Chairman & CEO
No Bio Available
Mr. Travis Smith
Senior Vice President of Additives & Functional Products
No Bio Available
Ms. Michelle R. Stewart
VP, Chief Accounting Officer & Controller
No Bio Available
Dr. Christopher Moore Killian Ph.D.
Senior VP & CTO
No Bio Available
Mr. Gregory A. Riddle
Vice President of Investor Relations & Communications
No Bio Available
Mr. Adrian J. Holt
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. J. P. Kuijpers
MD of EMEA Region & Global Procurement Director
No Bio Available
Ms. Julie A. McAlindon
Senior VP of Regions & Chief Supply Chain Officer
No Bio Available
Ms. Ike Adeyemi
Senior VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Bosede Ikeolu Gbadegesin
Senior VP, Chief Legal Officer & Secretary
No Bio Available

Contacts

Address
TENNESSEE
Kingsport
Po Box 511, 200 South Wilcox Drive
Contacts
+14232292000.0
www.eastman.com