Companies · EMN
Eastman Chemical Company
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Oct 30, 2026
Eastman reinstates full DOE grant for circular methanolysis expansion while Iran-driven feedstock inflation creates ~$30M full-year price-cost headwind in Q3 2026
Eastman's Q3 2026 call is defined by two countervailing forces: the reinstatement of the full DOE grant for the Kingsport methanolysis program — covering up to 50% of combined Phase 1 and Phase 2 capital — and a sharp, Iran-conflict-driven spike in paraxylene and propane costs that turned an expected back-half tailwind into a ~$30M full-year Advanced Materials price-cost headwind. Management is guiding to $850M full-year operating cash flow (down from $900M) while projecting volume growth across Advanced Materials, AFP, and Fibers in 2027, underpinned by circular Renew revenue approaching $100M in 2026 and growing from that base. The ethylene-to-propylene metathesis project — which would have added ~$100M of earnings in 2026 had it been online — is now targeted for mid-2028 commissioning at a capital cost implying a 1-2 year payback.
Tone: mixedRevenue
$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, 2026Eastman 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 ↓ Collapse 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
End markets
Geographies
Named customers
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
“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
The rest of EMN is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.