secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000915389-24-000010
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 $1.31 vs $0.89; FY23 cash ops $1.37B; guides FY24 EPS $7.25-$8.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538924000010/0000915389-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538924000010/emn-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000915389-24-000010

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