earnings
confidence high
sentiment positive
materiality 0.75
Eastman Q2 adjusted EPS $2.83 (+15% YoY); revenue record $2.78B; reaffirms FY22 adj EPS $9.50-$10.00
EASTMAN CHEMICAL CO
2022-Q2 EPS reported
$3.82
revenue$5,498,000,000
- Revenue $2,784M, up 15% excluding divested rubber additives and adhesives resins; record quarter.
- Adjusted EPS $2.83 (GAAP $2.03) vs $2.46 prior year, +15% YoY.
- Additives & Functional Products revenue +27% led by 20% price increase; Chemical Intermediates +17%.
- Reaffirms FY2022 adjusted EPS guidance $9.50-$10.00; expects operating cash flow ~$1.5B.
- H1 cash from ops $262M vs $642M; returned $948M to shareholders via buybacks/dividends.