secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000915389-24-000189
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Q2 adjusted EPS $2.15 beats $1.99 YoY; revenue up 2%; guides FY24 EPS $7.40-$7.85
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- Revenue $2,363M (+2% YoY); reported EPS $1.94 vs $2.27; adjusted EPS $2.15 vs $1.99.
- EBIT $337M, adjusted EBIT $353M; sales volume/mix up 6%, prices down 4%.
- Advanced Materials revenue +8% on 12% volume/mix growth; Chemical Intermediates EBIT fell on lower spreads.
- Kingsport methanolysis facility milestone introduced hard-to-recycle feedstocks; expects ~$50M incremental EBITDA in 2024.
- FY2024 EPS guidance $7.40-$7.85; cash from ops ~$1.4B; repurchased $100M shares in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000091538924000189/0000915389-24-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000091538924000189/emn-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000915389-24-000189

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