secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0000915389-21-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Chemical Q3 revenue record at $2.72B; adj. EPS $2.46; raises 2021 guidance to $8.80-$9.00
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- Q3 sales revenue $2.72B, up 28% YoY; GAAP diluted EPS $2.57; adjusted EPS $2.46 (vs. $1.57 prior year).
- Adjusted EBIT $445M; free cash flow $430M in Q3; YTD FCF $874M; full-year FCF expected near $1.1B.
- 2021 adjusted EPS guidance raised to $8.80 - $9.00; strong demand and price increases offsetting raw material costs.
- Chemical Intermediates revenue up 44% YoY; Additives & Functional up 34%; Advanced Materials up 15%.
- Logistics constraints and automotive OEM component shortages impacted Advanced Materials late in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538921000071/0000915389-21-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538921000071/emn-20211028.htm
  HTML page:      https://secwatch.observer/filing/0000915389-21-000071

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