secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000915389-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538923000005/0000915389-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538923000005/emn-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000915389-23-000005

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