secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000915389-23-000166
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Q3 revenue down 16%, adjusted EPS $1.47 vs $2.05; FY EPS guidance $6.30-$6.50
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- Q3 sales $2,267M (-16% YoY); adjusted diluted EPS $1.47 vs $2.05 prior year.
- Cash from operations $514M on inventory reduction; $94M returned via dividends.
- Fibers sales +29% on higher acetate tow prices; Advanced Materials & Additives & Functional Products sales volume/mix weak.
- FY2023 EPS guidance $6.30-$6.50; operating cash flow approaching $1.4B.
- Kingsport methanolysis facility on track to produce material and realize revenue around year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538923000166/0000915389-23-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538923000166/emn-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000915389-23-000166

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