Eastman Q4 adj EPS $1.31 vs $0.89; FY23 cash ops $1.37B; guides FY24 EPS $7.25-$8.00

EASTMAN CHEMICAL CO

2023-FY EPS reported $7.49 revenue$9,210,000,000

Q4 sales $2.207B (-7% YoY); reported EPS $2.61 (incl. Texas City gain), adjusted EPS $1.31 vs $0.89.
FY23 sales $9.21B (-13%); reported EPS $7.49, adjusted EPS $6.40; operating cash flow $1.374B.
Cost cuts $200M in 2023; methanolysis facility started plastic waste input, revenue expected soon.
Fibers revenue +9% Q4, +27% FY on higher acetate tow pricing; Chemical Intermediates adjusted EBIT flat.
2024 EPS guidance $7.25-$8.00; expects volume growth from destocking abatement and methanolysis revenue.

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 financial results for fourth quarter and full year 2023.

Period: fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On February 1, 2024, the registrant publicly released its financial results for fourth quarter and full year 2023.

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

EASTMAN CHEMICAL CO filing history →

Source: SEC EDGAR

accession 0000915389-24-000010

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