Eastman Chemical Company (EMN) Income Statement Analysis

See more : Glotech Industrial Corp. (5475.TWO) Income Statement Analysis – Financial Results

Complete financial analysis of Eastman Chemical Company (EMN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Eastman Chemical Company, a leading company in the Chemicals – Specialty industry within the Basic Materials sector.

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Eastman Chemical Company (EMN)

Industry: Chemicals - Specialty

Sector: Basic Materials

Website: https://www.eastman.com

About Eastman Chemical Company

Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	9.21B	10.58B	10.48B	8.47B	9.27B	10.15B	9.55B	9.01B	9.65B	9.53B	9.35B	8.10B	7.18B	5.84B	5.05B	6.73B	6.83B	7.45B	7.06B	6.58B	5.80B	5.32B	5.38B	5.29B	4.59B	4.48B	4.68B	4.78B	5.04B	4.33B	3.90B
Cost of Revenue	7.15B	8.44B	7.98B	6.50B	7.04B	7.67B	7.09B	6.64B	7.07B	7.31B	6.57B	6.34B	5.54B	4.37B	3.99B	5.60B	5.64B	6.17B	5.66B	5.60B	4.99B	4.54B	4.50B	4.23B	3.77B	3.55B	3.58B	3.29B	3.23B	2.89B	2.66B
Gross Profit	2.06B	2.14B	2.50B	1.98B	2.23B	2.48B	2.46B	2.37B	2.58B	2.22B	2.78B	1.76B	1.64B	1.47B	1.05B	1.13B	1.19B	1.28B	1.40B	978.00M	810.00M	779.00M	887.00M	1.07B	822.00M	935.00M	1.10B	1.49B	1.81B	1.44B	1.24B
Gross Profit Ratio	22.38%	20.20%	23.86%	23.31%	24.09%	24.42%	25.79%	26.25%	26.74%	23.31%	29.69%	21.75%	22.85%	25.23%	20.86%	16.74%	17.45%	17.14%	19.89%	14.86%	13.97%	14.64%	16.47%	20.14%	17.91%	20.87%	23.43%	31.22%	35.95%	33.31%	31.85%
Research & Development	239.00M	264.00M	254.00M	226.00M	234.00M	235.00M	214.00M	217.00M	251.00M	227.00M	193.00M	198.00M	158.00M	152.00M	137.00M	158.00M	156.00M	167.00M	162.00M	154.00M	173.00M	159.00M	160.00M	149.00M	187.00M	185.00M	191.00M	184.00M	176.00M	167.00M	0.00
General & Administrative	768.00M	625.00M	383.00M	0.00	0.00	721.00M	699.00M	703.00M	762.00M	755.00M	645.00M	644.00M	469.00M	431.00M	399.00M	419.00M	420.00M	437.00M	454.00M	450.00M	414.00M	407.00M	407.00M	346.00M	355.00M	316.00M	337.00M	332.00M	0.00	0.00	0.00
Selling & Marketing	-41.00M	101.00M	412.00M	0.00	0.00	0.00	-3.00M	-4.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	727.00M	726.00M	795.00M	654.00M	691.00M	721.00M	696.00M	699.00M	762.00M	755.00M	645.00M	644.00M	469.00M	431.00M	399.00M	419.00M	420.00M	437.00M	454.00M	450.00M	414.00M	407.00M	407.00M	346.00M	355.00M	316.00M	337.00M	332.00M	364.00M	310.00M	446.00M
Other Expenses	0.00	107.00M	429.00M	-127.00M	-63.00M	74.00M	-2.00M	6.00M	8.00M	15.00M	-3.00M	-8.00M	0.00	0.00	0.00	30.00M	122.00M	33.00M	31.00M	-7.00M	1.00M	0.00	45.00M	0.00	53.00M	0.00	62.00M	314.00M	308.00M	329.00M	346.00M
Operating Expenses	966.00M	990.00M	1.05B	880.00M	925.00M	956.00M	910.00M	916.00M	1.01B	982.00M	838.00M	842.00M	627.00M	583.00M	536.00M	607.00M	698.00M	637.00M	647.00M	597.00M	588.00M	566.00M	612.00M	495.00M	595.00M	501.00M	590.00M	830.00M	848.00M	806.00M	792.00M
Cost & Expenses	8.10B	9.43B	9.03B	7.38B	7.96B	8.63B	8.00B	7.56B	8.08B	8.29B	7.41B	7.18B	6.17B	4.95B	4.53B	6.21B	6.34B	6.81B	6.30B	6.20B	5.58B	5.11B	5.11B	4.72B	4.36B	4.05B	4.17B	4.12B	4.08B	3.69B	3.45B
Interest Income	10.00M	6.00M	3.00M	4.00M	3.00M	3.00M	3.00M	26.00M	16.00M	16.00M	6.00M	5.00M	7.00M	6.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	225.00M	182.00M	198.00M	210.00M	218.00M	235.00M	241.00M	255.00M	263.00M	187.00M	180.00M	143.00M	76.00M	99.00M	78.00M	70.00M	62.00M	80.00M	100.00M	115.00M	124.00M	122.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	498.00M	477.00M	538.00M	574.00M	610.00M	601.00M	584.00M	580.00M	571.00M	450.00M	433.00M	360.00M	273.00M	280.00M	274.00M	267.00M	327.00M	308.00M	304.00M	322.00M	367.00M	397.00M	435.00M	418.00M	383.00M	351.00M	327.00M	314.00M	308.00M	329.00M	346.00M
EBITDA	1.81B	1.73B	2.42B	1.54B	1.86B	2.14B	2.11B	2.02B	2.17B	1.76B	2.29B	1.18B	1.32B	1.02B	585.00M	790.00M	900.00M	962.00M	1.04B	507.00M	589.00M	610.00M	716.00M	973.00M	610.00M	785.00M	833.00M	977.00M	1.27B	965.00M	797.00M
EBITDA Ratio	19.62%	16.36%	23.08%	18.20%	20.03%	21.68%	22.39%	22.59%	22.24%	17.89%	25.33%	15.70%	17.92%	20.04%	15.67%	12.43%	13.25%	12.95%	16.14%	13.65%	18.43%	11.60%	22.05%	18.39%	15.08%	17.03%	18.55%	20.20%	24.96%	22.27%	19.98%
Operating Income	1.10B	1.25B	1.88B	968.00M	1.25B	1.52B	1.55B	1.40B	1.38B	1.16B	1.86B	800.00M	1.02B	862.00M	317.00M	519.00M	504.00M	640.00M	757.00M	175.00M	-267.00M	208.00M	-126.00M	562.00M	202.00M	434.00M	506.00M	663.00M	964.00M	636.00M	451.00M
Operating Income Ratio	11.89%	11.85%	17.95%	11.42%	13.44%	15.00%	16.18%	15.59%	14.34%	12.20%	19.91%	9.87%	14.22%	14.76%	6.28%	7.72%	7.38%	8.59%	10.72%	2.66%	-4.60%	3.91%	-2.34%	10.62%	4.40%	9.69%	10.82%	13.86%	19.13%	14.69%	11.56%
Total Other Income/Expenses	-8.00M	-310.00M	-785.00M	-565.00M	-407.00M	-213.00M	-365.00M	-334.00M	-255.00M	-172.00M	-183.00M	-151.00M	-57.00M	-208.00M	-91.00M	-90.00M	-34.00M	-64.00M	26.00M	-310.00M	-114.00M	-124.00M	-171.00M	-110.00M	-130.00M	-74.00M	-60.00M	-56.00M	-65.00M	-86.00M	-12.00M
Income Before Tax	1.09B	977.00M	1.08B	530.00M	902.00M	1.31B	1.30B	1.07B	1.13B	990.00M	1.68B	649.00M	964.00M	636.00M	226.00M	429.00M	470.00M	576.00M	783.00M	64.00M	-381.00M	84.00M	-297.00M	452.00M	72.00M	360.00M	446.00M	607.00M	899.00M	550.00M	439.00M
Income Before Tax Ratio	11.80%	9.23%	10.33%	6.26%	9.73%	12.91%	13.63%	11.88%	11.70%	10.39%	17.96%	8.01%	13.43%	10.89%	4.48%	6.38%	6.88%	7.73%	11.09%	0.97%	-6.57%	1.58%	-5.52%	8.54%	1.57%	8.03%	9.53%	12.69%	17.84%	12.71%	11.25%
Income Tax Expense	191.00M	181.00M	215.00M	41.00M	140.00M	226.00M	-177.00M	199.00M	275.00M	235.00M	507.00M	206.00M	307.00M	211.00M	90.00M	101.00M	149.00M	167.00M	226.00M	-106.00M	-108.00M	5.00M	-118.00M	149.00M	24.00M	111.00M	160.00M	227.00M	340.00M	214.00M	172.00M
Net Income	894.00M	793.00M	857.00M	478.00M	759.00M	1.08B	1.47B	866.00M	848.00M	751.00M	1.17B	437.00M	696.00M	438.00M	136.00M	346.00M	300.00M	409.00M	557.00M	170.00M	-270.00M	61.00M	-179.00M	303.00M	48.00M	249.00M	286.00M	380.00M	559.00M	336.00M	-209.00M
Net Income Ratio	9.71%	7.50%	8.18%	5.64%	8.19%	10.64%	15.44%	9.61%	8.79%	7.88%	12.46%	5.39%	9.70%	7.50%	2.69%	5.14%	4.39%	5.49%	7.89%	2.58%	-4.66%	1.15%	-3.32%	5.73%	1.05%	5.56%	6.11%	7.95%	11.09%	7.76%	-5.35%
EPS	7.54	5.85	6.35	3.53	5.52	7.65	10.18	5.88	5.71	5.03	7.57	3.00	4.98	3.04	0.94	2.30	1.82	2.49	3.45	1.10	-1.75	0.40	-1.17	1.98	0.31	1.58	1.83	2.42	3.42	2.03	-1.26
EPS Diluted	7.49	5.81	6.25	3.50	5.48	7.56	10.09	5.84	5.66	4.97	7.44	2.93	4.86	2.96	0.93	2.28	1.79	2.46	3.41	1.09	-1.75	0.40	-1.17	1.97	0.31	1.57	1.82	2.40	3.39	2.02	-1.26
Weighted Avg Shares Out	118.60M	136.50M	134.90M	135.50M	137.40M	141.20M	144.80M	147.30M	148.60M	149.50M	154.00M	145.50M	139.70M	144.20M	144.68M	150.40M	165.29M	164.26M	161.40M	155.20M	154.29M	154.43M	153.51M	153.42M	157.38M	158.10M	156.20M	157.00M	163.40M	165.40M	165.29M
Weighted Avg Shares Out (Dil)	119.40M	136.50M	137.10M	136.50M	138.50M	142.90M	146.10M	148.40M	149.80M	151.10M	156.50M	149.10M	143.10M	147.80M	147.03M	152.00M	167.60M	166.60M	163.60M	156.60M	154.29M	154.43M	153.51M	153.81M	157.38M	159.11M	157.60M	158.60M	164.80M	166.20M	165.29M

Eastman (EMN), Patagonia Unite to Tackle Global Textile Waste

March 15, 2024zacks.com

Eastman (EMN) collaborates with Patagonia to recycle 8,000 pounds of pre- and post-consumer garment waste.

Eastman Chemical (EMN) Shares Rally 18% in 6 Months: Here's Why

March 12, 2024zacks.com

Eastman Chemical (EMN) gains on cost-management actions and innovation and maintains a disciplined approach to capital allocation.

Why You Should Retain Eastman Chemical (EMN) in Your Portfolio

February 28, 2024zacks.com

While Eastman Chemical (EMN) faces headwinds from weak demand and inventory de-stocking, it benefits from productivity actions and innovation.

Eastman (EMN) Partners Nord Pal Plast for Feedstock in France

February 19, 2024zacks.com

Eastman's (EMN) molecular recycling technologies enable the breakdown of hard-to-recycle waste into molecular building blocks.

Eastman partners with mechanical recycler Dentis Group/Nord Pal Plast to unlock new feedstock for its planned facility in France

February 14, 2024prnewswire.com

KINGSPORT, Tenn. , Feb. 14, 2024 /PRNewswire/ -- Eastman (NYSE: EMN) today announced a long-term agreement with Nord Pal Plast SA part of Dentis Group, a leading Italian multinational company specializing in the recovery and mechanical recycling of PET packaging...