secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000915389-22-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Q3 adj. EPS $2.05, revenue $2.71B; guides Q4 adj. EPS $1.10-$1.40, FY22 adj. EPS $8.05-$8.35
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- Third-quarter revenue $2,709M flat YoY; excluding divestitures and FX, revenue up 13%.
- Adjusted EBIT $333M vs $445M prior year; adjusted diluted EPS $2.05 vs $2.46.
- Reached definitive agreement with PepsiCo to baseload third planned molecular recycling facility.
- Taking actions to reduce costs by ~$150 million in 2023.
- Guides FY2022 adjusted EPS $8.05-$8.35; Q4 adj. EPS $1.10-$1.40; operating cash flow $1-1.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538922000047/0000915389-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538922000047/emn-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000915389-22-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer