---
schema_version: "secwatch.filing_event.v1"
accession: "0000915389-23-000087"
form_type: "8-K"
ticker: "EMN"
cik: "0000915389"
company_name: "EASTMAN CHEMICAL CO"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:53:59.493214+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eastman Q1 adj. EPS $1.63, rev $2.41B (-11%); guides FY23 growth 5-15%

## Summary
- Revenue $2.41B, down 11% YoY; diluted EPS $1.12 (adj. $1.63) vs $1.80 ($2.06 adj.) last year.
- Guides FY2023 adjusted EPS growth 5-15%, excluding ~$0.75 pension headwind.
- Fibers revenue up 42% YoY; Chemical Intermediates down 18%; cost savings >$200M on track.
- Recast segment data for Additives & Functional Products and Chemical Intermediates provided back to 2019.
- Operating cash flow -$2M in Q1 vs +$17M last year; returned $94M in dividends.

## SEC filing metadata
- accession: 0000915389-23-000087
- form_type: 8-K
- ticker: EMN
- cik: 0000915389
- company_name: EASTMAN CHEMICAL CO
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915389/000091538923000087/0000915389-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915389/000091538923000087/emn-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915389-23-000087
- JSON: https://secwatch.observer/filing/0000915389-23-000087.json
- Plain text: https://secwatch.observer/filing/0000915389-23-000087.txt

## Key facts
- Earnings Releases
  EASTMAN CHEMICAL CO reported first quarter 2023 results: revenue $2,412, EPS 1.12.
  - Period: first quarter 2023
  - Revenue: $2,412
  - EPS: 1.12
  - Result: reported results
  source text: Products. See “Functional Amines” section of this release and tables for more information. (In millions, except per share amounts; unaudited) 1Q2023 1Q2022 Sales revenue $2,412 $2,714 Earnings before interest and taxes ("EBIT") 246 333 Adjusted EBIT* 283 366 Earnings per diluted share 1.12 1.80 Adjusted earnings per diluted share* 1.63 2.06 Net cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/915389/000091538923000087/0000915389-23-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.