secwatch.observer — SEC 8-K summary
======================================

Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000915389-23-000087
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538923000087/0000915389-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538923000087/emn-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000915389-23-000087

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