Eastman Q4 adj. EPS $0.89 vs. $1.81 YoY; guides FY23 adj. EPS growth 5-15% ex. pension

EASTMAN CHEMICAL CO

2022-FY EPS reported $6.35 revenue$10,580,000,000

Q4 revenue $2,373M (-12% YoY); GAAP EPS $0.01, adjusted EPS $0.89 (down 51% YoY).
FY22 revenue $10,580M (+1% YoY); GAAP EPS $6.35, adjusted EPS $7.88 vs. $8.85 in 2021.
Expects FY23 adjusted EPS growth 5-15% excluding ~$0.75 pension headwind; cost cuts >$200M net of inflation.
Q4 impacted by destocking, COVID-19 in China, and $20M Winter Storm Elliott; currency headwind ~$0.20.
FY23 operating cash flow target ~$1.4B; returned ~$1.4B to shareholders in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EASTMAN CHEMICAL CO reported fourth quarter 2022 results: revenue $2,373, EPS 0.01.

Period: fourth quarter 2022
Revenue: $2,373
EPS: 0.01
Result: reported results

Exact text from the filing

4Q22 4Q21 FY22 FY21 Sales revenue $2,373 $2,694 $10,580 $10,476 Earnings before interest and taxes ("EBIT") 76 578 1,159 1,281 Adjusted EBIT* 171 336 1,339 1,635 Earnings per diluted share 0.01 2.81 6.35 6.25

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EASTMAN CHEMICAL CO reported full year 2022 results: revenue $10,580, EPS 6.35.

Period: full year 2022
Revenue: $10,580
EPS: 6.35
Result: reported results

Exact text from the filing

4Q22 4Q21 FY22 FY21 Sales revenue $2,373 $2,694 $10,580 $10,476 Earnings before interest and taxes ("EBIT") 76 578 1,159 1,281 Adjusted EBIT* 171 336 1,339 1,635 Earnings per diluted share 0.01 2.81 6.35 6.25

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

EASTMAN CHEMICAL CO filing history →

Source: SEC EDGAR

accession 0000915389-23-000005

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