secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0000915389-22-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman cuts Q3 adjusted EPS outlook to ~$2.00 vs prior expectations of growth from $2.46
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- Adjusted EPS expected ~$2.00, down from $2.46 in Q3 2021; prior guidance was for solid growth.
- Demand slowed in consumer durables and building/construction, especially in Europe and Asia.
- Logistics disruptions on U.S. East Coast and polymer line outage at Kingsport facility hurt volumes and mix.
- Higher natural gas costs (14-year high) and stronger USD negatively impacting results.
- Company raising prices and controlling costs; Q4 outlook to be provided Oct. 28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538922000043/0000915389-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538922000043/emn-20220913.htm
  HTML page:      https://secwatch.observer/filing/0000915389-22-000043

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