Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world- class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2019 revenues of approximately $9.3 billion and is headquartered in Kingsport, Tennessee, USA.

Company profile
Ticker
EMN
Exchange
Website
CEO
Mark Costa
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Accoya USA, LLC • CP Films Vertriebs GmbH • Crown Operations International, LLC • Eastman Acetyls, LLC • Eastman Adhesives Holding B.V. • Eastman Belgium Finance BV • Eastman Chemical (Barbados) SRL • Eastman Chemical (China) Co., Ltd. • Eastman Chemical (Malaysia) Sdn. Bhd. • Eastman Chemical (Nanjing) Co., Ltd. ...
IRS number
621539359
EMN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
SD
Conflict minerals disclosure
30 May 23
25-NSE
Exchange delisting
26 May 23
8-K
Submission of Matters to a Vote of Security Holders
9 May 23
10-Q
2023 Q1
Quarterly report
28 Apr 23
8-K
Results of Operations and Financial Condition
27 Apr 23
DEFR14A
Revised proxy
27 Mar 23
DEFA14A
Additional proxy soliciting materials
22 Mar 23
ARS
2022 FY
Annual report to shareholders
22 Mar 23
DEF 14A
Definitive proxy
22 Mar 23
8-K
Entry into a Material Definitive Agreement
8 Mar 23
Transcripts
EMN
Earnings call transcript
2023 Q1
28 Apr 23
EMN
Earnings call transcript
2022 Q4
26 Jan 23
EMN
Earnings call transcript
2022 Q3
28 Oct 22
EMN
Earnings call transcript
2022 Q2
29 Jul 22
EMN
Earnings call transcript
2022 Q1
29 Apr 22
EMN
Earnings call transcript
2021 Q3
28 Jan 22
EMN
Earnings call transcript
2021 Q3
29 Oct 21
EMN
Earnings call transcript
2021 Q2
3 Aug 21
EMN
Earnings call transcript
2021 Q1
30 Apr 21
EMN
Earnings call transcript
2020 Q4
29 Jan 21
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 599.00 mm | 599.00 mm | 599.00 mm | 599.00 mm | 599.00 mm | 599.00 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 666.67 k | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 1.44 mm | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 597.56 mm | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 896.3 | n/a |
Institutional ownership, Q1 2023
81.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 670 |
Opened positions | 71 |
Closed positions | 90 |
Increased positions | 241 |
Reduced positions | 233 |
13F shares | Current |
---|---|
Total value | 8.17 tn |
Total shares | 97.09 mm |
Total puts | 348.70 k |
Total calls | 305.00 k |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 15.06 mm | $1.27 tn |
BLK Blackrock | 8.57 mm | $723.17 bn |
JPM JPMorgan Chase & Co. | 8.06 mm | $679.48 bn |
STT State Street | 4.97 mm | $423.50 bn |
Putnam Investments | 4.16 mm | $350.94 bn |
MS Morgan Stanley | 3.87 mm | $326.76 bn |
Geode Capital Management | 2.46 mm | $207.26 bn |
Dimensional Fund Advisors | 2.19 mm | $185.02 bn |
Massachusetts Financial Services | 2.12 mm | $179.20 bn |
LSV Asset Management | 2.02 mm | $170.49 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 May 23 | James J /KY Obrien | Common Stock | Grant | Acquire A | No | No | 0 | 1,396 | 0.00 | 2,551 |
4 May 23 | Julie Fasone Holder | Common Stock | Grant | Acquire A | No | No | 0 | 1,396 | 0.00 | 13,266 |
4 May 23 | Renee J Hornbaker | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 78.84 | 1,396 | 110.06 k | 43,025 |
4 May 23 | Butler Eric L | Common Stock | Grant | Acquire A | No | No | 0 | 1,396 | 0.00 | 3,503 |
4 May 23 | David W Raisbeck | Common Stock | Grant | Acquire A | No | No | 0 | 1,396 | 0.00 | 41,605 |
News
Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks Delivering High-Dividend Yields
12 May 23
Eastman Secures Significant Feedstock Agreements For Molecular Recycling Facility In France With An Investment Of $1B, The Planned Facility Will Become The World's Largest Material-To-Material Molecular Recycling Plant
11 May 23
Air Products & Chemicals Q1 Tops Estimates On Strong Pricing And Volumes
9 May 23
Air Products Plans To Build, Own And Operate Two New Carbon Monoxide (CO) Production Facilities In Texas
8 May 23
Eastman Chemical: Ramping Up With Solid Price/Cost Trends And Cost-Cutting Initiatives - Analyst Lifts Expectations
2 May 23
Press releases
Eastman Secures Significant Feedstock Agreements for Molecular Recycling Facility in France
11 May 23
Air Products Announces Two New World-Scale Carbon Monoxide (CO) Projects to Expand the World's Largest CO Pipeline Network in the U.S. Gulf Coast
8 May 23
Eastman Announces 2023 Annual Meeting Stockholder Vote Results
4 May 23
Eastman Board Declares Dividend
4 May 23
Eastman Announces First-Quarter 2023 Financial Results
27 Apr 23