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Companies · EMN

EMN Reported this cycle

Eastman Chemical Company

Kingsport, TN Founded 1920 Chemicals & Materials

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Latest analysis

Updated Jul 31, 2026

Eastman Q2 2026: Specialty price discipline and Renew ramp drive earnings beat; CI spread uncertainty is the primary back-half variable.

Eastman Chemical delivered a Q2 2026 earnings beat driven by disciplined price-cost management across both specialty segments and strong volume recovery in Chemical Intermediates from prior-year shutdown headwinds. The Kingsport methanolysis platform crossed $100 million in first-half revenue — doubling year-over-year — with margins described as above company average, while management raised its full-year earnings confidence versus the April outlook. The principal uncertainty is Chemical Intermediates spread trajectory, which depends entirely on Middle East conflict resolution and whether customer inventory discipline holds through year-end.

Tone: mixed

Revenue

$8.8B

EMN 10-K · FY 2025

Employees

13,000

Revenue (prior FY)

$9.4B

Founded

1920

Profile

EMN 10-K Item 1 · Feb 13, 2026

Eastman Chemical Company is a global specialty materials company that manufactures a broad range of advanced materials, specialty additives, chemicals, and fibers sold into diverse end-markets worldwide. The company operates through four segments — Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers — underpinned by proprietary technology platforms in cellulosic biopolymers, copolyesters, polyvinyl butyral, and alkylamines. Molecular recycling, including polyester renewal and carbon renewal technologies, is a central strategic differentiator.

Read filing description ↓

Eastman Chemical Company is a global specialty materials company that produces a broad range of products found in items people use every day. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, on December 31, 1993. Eastman has 36 manufacturing facilities and has equity interests in four manufacturing joint ventures in 12 countries that supply products to customers throughout the world. The Company's headquarters and largest manufacturing facility are located in Kingsport, Tennessee. With a robust portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions with a commitment to safety and sustainability. Eastman's businesses are managed and reported in four operating segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers. Eastman uses an innovation-driven growth model which consists of leveraging world class scalable technology platforms, delivering differentiated application development capabilities, and relentlessly engaging the market. The Company's world class technology platforms, scale advantage, and sustainability macrotrends form the foundation of the Company's research and development and innovation initiatives. Molecular recycling technologies continue to be an area of investment focus for the Company. Eastman began operating the world's largest polyester molecular recycling facility in 2024 and achieved strong improvement in operating rates in 2025. Key areas of application development include thermoplastic conversion, functional films, coatings formulations, textiles, and personal and home care formulations.

Primary products

  • Saflex
  • Saflex Q Series
  • Saflex HUD interlayer products
  • LLumar
  • Flexvue
  • SunTek

Business segments

Advanced Materials Additives & Functional Products Chemical Intermediates Fibers

End markets

transportation durables and electronics building and construction medical and pharma consumables food, feed, and agriculture water treatment and energy personal care and wellness industrial chemicals and processing health and wellness food and feed filtration media apparel home furnishings industrial fabrics

Geographies

United States and Canada Europe, Middle East, and Africa Asia Pacific Latin America

Named customers

PepsiCo

The top 100 customers accounted for approximately 60 percent of the Company's 2025 sales revenue. No single customer accounted for 10 percent or more of the Company's consolidated sales revenue during 2025.

Named competitors

Sekisui Chemical Co., Ltd. Kuraray Co., Ltd. Kingboard (Fo Gang) Specialty Resins Limited Chang Chun Petrochemical Co., Ltd. XPEL, Inc. 3M Company Saint-Gobain S.A. S.K. Chemical Industries
“Management believes the AM segment's competitive advantages also include long-term customer relationships, vertical integration and scale in manufacturing, and leading market positions.” Competitive position, as stated in the filing

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