secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000915389-22-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Q1 adjusted EPS $2.06 vs $2.13; revenue $2.71B +13%; reaffirms FY2022 EPS guidance $9.50-$10.00
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- Revenue $2,714M (+13% YoY); adjusted diluted EPS $2.06 vs $2.13 prior year.
- Kingsport steam line incident reduced adjusted earnings by ~$125M ($0.80/share).
- Additives & Functional Products revenue +32%; Advanced Materials EBIT down due to incident.
- Cash from operations $17M vs $216M in Q1 2021; returned $98M via dividends.
- Received $1B proceeds from adhesives resins sale on April 1, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538922000018/0000915389-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538922000018/emn-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000915389-22-000018

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