Last 7 days
1.6%
Last 30 days
-5.9%
Trailing 12 Months
1.4%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-01 | Holt Adrian James | acquired | 119,022 | 61.51 | 1,935 | svp, chf hr ofcr |
2023-08-01 | Holt Adrian James | sold | -165,713 | 85.64 | -1,935 | svp, chf hr ofcr |
2023-05-04 | RAISBECK DAVID W | acquired | - | - | 1,396 | - |
2023-05-04 | Holder Julie Fasone | acquired | - | - | 1,396 | - |
2023-05-04 | Haynesworth Linnie M | acquired | - | - | 1,396 | - |
2023-05-04 | Stevens Charles K. III | acquired | - | - | 1,396 | - |
2023-05-04 | OBRIEN JAMES J /KY | acquired | - | - | 1,396 | - |
2023-05-04 | BUTLER ERIC L | acquired | - | - | 1,396 | - |
2023-04-13 | WALKER KELLYE L. | acquired | - | - | 18,701 | evp, clo & corp. secretary |
2023-04-13 | WALKER KELLYE L. | sold (taxes) | -464,927 | 83.38 | -5,576 | evp, clo & corp. secretary |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | -1,829 | 246,974 | 0.10% |
2023-09-12 | Farther Finance Advisors, LLC | added | 24.27 | 14,934 | 78,864 | 0.02% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -3.19 | -2,476 | 60,948 | 0.02% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 91.00 | 2,401 | -% |
2023-08-24 | ProVise Management Group, LLC | added | 5.37 | 27,281 | 621,035 | 0.06% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -1,736 | 234,416 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | added | 134 | 20,981 | 36,837 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-22 | Asset Dedication, LLC | reduced | -2.16 | -11,000 | 320,000 | 0.03% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -0.57 | -218,000 | 16,534,000 | 0.16% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | capital world investors | 0.0% | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 12.50% | 14,994,249 | SC 13G/A | |
Jan 31, 2023 | blackrock inc. | 7.2% | 8,615,723 | SC 13G/A | |
Jan 20, 2023 | jpmorgan chase & co | 8.2% | 9,862,144 | SC 13G/A | |
Feb 11, 2022 | capital world investors | 6.3% | 8,452,732 | SC 13G/A | |
Feb 09, 2022 | vanguard group inc | 11.92% | 16,026,862 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 6.6% | 8,855,207 | SC 13G/A | |
Jan 10, 2022 | jpmorgan chase & co | 7.4% | 10,068,435 | SC 13G/A | |
Feb 16, 2021 | capital world investors | 7.5% | 10,167,734 | SC 13G | |
Feb 10, 2021 | vanguard group inc | 10.91% | 14,774,094 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 03, 2023 | 4 | Insider Trading | |
Aug 01, 2023 | 144 | Notice of Insider Sale Intent | |
Jul 28, 2023 | 10-Q | Quarterly Report | |
Jul 27, 2023 | 8-K | Current Report | |
Jun 26, 2023 | 4/A | Insider Trading | |
Jun 22, 2023 | 11-K | Employee Benefit Details |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
DD | 34.0B | 12.5B | -1.07% | 37.74% | 7.2 | 2.71 | -3.90% | 152.35% |
ALB | 20.5B | 9.7B | -7.25% | -39.15% | 5.22 | 2.12 | 123.06% | 1386.73% |
CE | 13.9B | - | 8.46% | 30.48% | 10.98 | 1.25 | 22.25% | -35.45% |
PPG | - | 17.9B | -5.63% | 12.72% | - | - | 1.96% | 21.57% |
MID-CAP | ||||||||
EMN | 10.0B | 9.8B | -5.95% | 1.41% | 12.61 | 0.94 | -10.03% | -41.97% |
OLN | 6.1B | 7.8B | -14.24% | 6.57% | 7.54 | 0.78 | -20.33% | -46.41% |
HUN | 4.4B | 6.9B | -8.02% | -1.27% | 22.73 | 0.64 | -19.93% | -84.77% |
AVNT | 3.3B | 3.3B | -0.38% | -0.41% | 5.78 | 1.01 | -3.65% | 128.94% |
AXTA | - | 5.1B | -3.30% | 12.06% | - | - | 9.03% | 9.70% |
SMALL-CAP | ||||||||
ASIX | 841.7M | 1.7B | -8.79% | -9.18% | 7.56 | 0.49 | -11.49% | -43.12% |
TSE | 310.8M | 4.1B | -24.91% | -62.60% | -0.35 | 0.08 | -23.57% | -425.83% |
RYAM | 186.2M | 1.8B | -5.94% | -32.46% | 10.31 | 0.1 | 21.33% | 123.48% |
2.4%
5.1%
-2.4%
-0.7%
86.9%
55.4%
27.3%
Y-axis is the maximum loss one would have experienced if Eastman Chemical was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -4.5% | 9,818 | 10,278 | 10,580 | 10,901 | 10,912 | 10,781 | 10,476 | 9,968 | 9,370 | 8,641 | 8,473 | 8,492 | 8,695 | 9,134 | 9,273 | 9,444 | 9,666 | 9,924 | 10,151 | 10,137 | 10,055 |
Gross Profit | -4.1% | 2,030 | 2,116 | 2,137 | 2,320 | 2,441 | 2,452 | 2,500 | 2,467 | 2,306 | 1,996 | 1,975 | 1,946 | 2,019 | 2,237 | 2,234 | 2,203 | 2,357 | 2,472 | 2,479 | 2,470 | 2,413 |
S&GA Expenses | 0% | 721 | 721 | 726 | 762 | 790 | 807 | 795 | 761 | 725 | 678 | 654 | 656 | 654 | 664 | 691 | 682 | 694 | 718 | 721 | 743 | 748 |
R&D Expenses | -2.7% | 254 | 261 | 264 | 267 | 265 | 261 | 254 | 244 | 234 | 223 | 226 | 229 | 232 | 237 | 234 | 233 | 234 | 237 | 235 | 229 | 228 |
EBITDA | -100.0% | - | 1,193 | 1,272 | 1,778 | 1,822 | 1,346 | 1,422 | 938 | 826 | 929 | 894 | 880 | 1,003 | 1,335 | 1,295 | 1,357 | 1,499 | 1,599 | 1,679 | 1,786 | 1,724 |
EBITDA Margin | -100.0% | - | 0.12* | 0.12* | 0.16* | 0.17* | 0.12* | 0.14* | 0.09* | 0.09* | 0.11* | 0.11* | 0.10* | 0.12* | 0.15* | 0.14* | 0.14* | 0.16* | 0.16* | 0.17* | 0.18* | 0.17* |
Interest Expenses | -4.8% | -197 | -188 | -182 | -182 | -188 | -194 | -198 | -201 | -204 | -208 | -210 | -212 | -214 | -214 | -218 | -222 | -226 | -232 | -235 | -237 | -240 |
Earnings Before Taxes | -12.7% | 772 | 884 | 977 | 1,478 | 1,518 | 1,030 | 1,082 | 578 | 447 | 553 | 530 | 514 | 637 | 954 | 902 | 964 | 1,110 | 1,224 | 1,310 | 1,425 | 1,369 |
EBT Margin | -100.0% | - | 0.09* | 0.09* | 0.14* | 0.14* | 0.10* | 0.10* | 0.06* | 0.05* | 0.06* | 0.06* | 0.06* | 0.07* | 0.10* | 0.10* | 0.10* | 0.11* | 0.12* | 0.13* | 0.14* | 0.14* |
Net Income | 2.3% | 708 | 692 | 793 | 1,170 | 1,220 | 818 | 857 | 511 | 321 | 494 | 478 | 472 | 577 | 808 | 759 | 767 | 913 | 999 | 1,080 | 1,537 | 1,448 |
Net Income Margin | -100.0% | - | 0.07* | 0.07* | 0.11* | 0.11* | 0.08* | 0.08* | 0.05* | 0.03* | 0.06* | 0.06* | 0.06* | 0.07* | 0.09* | 0.08* | 0.08* | 0.09* | 0.10* | 0.11* | 0.15* | 0.14* |
Free Cashflow | -100.0% | - | 283 | 364 | 300 | 635 | 844 | 1,064 | 1,175 | 1,105 | 1,125 | 1,072 | 1,325 | 1,271 | 1,262 | 1,079 | 1,118 | 1,070 | 1,067 | 1,015 | 857 | 968 |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -1.4% | 14,771 | 14,983 | 14,667 | 14,985 | 14,875 | 15,806 | 15,519 | 16,259 | 16,098 | 16,195 | 16,083 | 16,009 | 15,973 | 16,465 | 16,008 | 16,137 | 16,256 | 16,361 | 15,995 | 16,362 | 16,260 |
Current Assets | -7.6% | 3,671 | 3,973 | 3,778 | 4,105 | 4,003 | 4,929 | 4,646 | 4,875 | 4,738 | 3,797 | 3,541 | 3,534 | 3,526 | 3,851 | 3,321 | 3,440 | 3,516 | 3,551 | 3,365 | 3,647 | 3,498 |
Cash Equivalents | -31.6% | 410 | 599 | 493 | 461 | 456 | 487 | 459 | 717 | 609 | 540 | 564 | 650 | 704 | 680 | 204 | 207 | 186 | 195 | 226 | 193 | 193 |
Inventory | 0.8% | 1,960 | 1,944 | 1,894 | 1,975 | 1,826 | 1,671 | 1,504 | 1,630 | 1,501 | 1,505 | 1,379 | 1,338 | 1,419 | 1,659 | 1,662 | 1,695 | 1,730 | 1,704 | 1,583 | 1,625 | 1,532 |
Net PPE | 2.7% | 5,402 | 5,258 | 5,160 | 4,982 | 4,959 | 4,997 | 4,996 | 5,172 | 5,181 | 5,466 | 5,549 | 5,489 | 5,478 | 5,498 | 5,571 | 5,534 | 5,550 | 5,576 | 5,600 | 5,570 | 5,570 |
Goodwill | -0.2% | 3,697 | 3,703 | 3,664 | 3,644 | 3,663 | 3,665 | 3,641 | 4,044 | 4,053 | 4,446 | 4,465 | 4,443 | 4,425 | 4,417 | 4,431 | 4,464 | 4,481 | 4,477 | 4,467 | 4,509 | 4,514 |
Liabilities | -3.1% | 9,419 | 9,721 | 9,431 | 9,518 | 9,468 | 9,829 | 9,731 | 10,052 | 10,070 | 9,876 | 9,975 | 9,853 | 9,875 | 10,273 | 9,976 | 10,040 | 10,310 | 10,442 | 10,117 | 10,367 | 10,486 |
Current Liabilities | -6.2% | 2,787 | 2,971 | 3,251 | 3,207 | 3,148 | 3,136 | 2,971 | 3,113 | 2,295 | 2,016 | 2,038 | 1,789 | 1,878 | 2,315 | 1,789 | 2,080 | 2,226 | 2,352 | 1,851 | 2,153 | 2,068 |
Short Term Borrowings | -16.8% | 844 | 1,014 | 1,126 | 1,086 | 979 | 984 | 747 | 1,046 | 325 | 324 | 349 | 370 | 702 | 895 | 171 | 642 | 731 | 862 | 243 | 728 | 662 |
LT Debt, Non Current | -0.9% | 4,593 | 4,636 | 4,025 | 3,979 | 4,012 | 4,379 | 4,412 | 4,442 | 5,223 | 5,200 | 5,269 | 5,495 | 5,431 | 5,399 | 5,611 | 5,567 | 5,624 | 5,602 | 5,925 | 5,898 | 6,033 |
Shareholder's Equity | 0.4% | 5,281 | 5,262 | 5,153 | 5,384 | 5,407 | 5,977 | 5,788 | 6,207 | 6,028 | 6,319 | 6,108 | 6,156 | 6,098 | 6,192 | 6,032 | 6,097 | 5,946 | 5,919 | 5,878 | 5,995 | 5,774 |
Retained Earnings | 2.0% | 9,190 | 9,013 | 8,973 | 9,065 | 8,857 | 8,694 | 8,557 | 8,278 | 8,020 | 8,260 | 8,080 | 8,142 | 8,071 | 8,133 | 7,965 | 8,029 | 7,848 | 7,675 | 7,573 | 7,626 | 7,292 |
Additional Paid-In Capital | 0.7% | 2,342 | 2,325 | 2,315 | 2,301 | 2,179 | 2,262 | 2,187 | 2,275 | 2,255 | 2,219 | 2,174 | 2,134 | 2,117 | 2,109 | 2,105 | 2,092 | 2,079 | 2,060 | 2,048 | 2,036 | 2,021 |
Accumulated Depreciation | 0.8% | 7,959 | 7,895 | 7,782 | 7,663 | 7,784 | 7,756 | 7,684 | 7,966 | 7,898 | 8,061 | 7,982 | 7,843 | 7,697 | 7,584 | 7,510 | 7,364 | 7,298 | 7,220 | 7,131 | 7,034 | 6,943 |
Minority Interest | -4.1% | 71.00 | 74.00 | 83.00 | 83.00 | 84.00 | 84.00 | 84.00 | 87.00 | 84.00 | 86.00 | 85.00 | 81.00 | 77.00 | 75.00 | 74.00 | 77.00 | 77.00 | 76.00 | 75.00 | 75.00 | 77.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 17.3% | 1,121 | 956 | 975 | 948 | 1,239 | 1,420 | 1,619 | 1,595 | 1,490 | 1,500 | 1,455 | 1,720 | 1,694 | 1,680 | 1,504 | 1,573 | 1,552 | 1,573 | 1,543 | 1,449 | 1,582 |
Cashflow From Investing | -435.4% | -862 | 257 | 392 | 1,016 | 1,004 | -47.00 | -29.00 | -559 | -470 | -392 | -394 | -402 | -462 | -456 | -480 | -508 | -503 | -510 | -463 | -528 | -539 |
Cashflow From Financing | 71.9% | -307 | -1,093 | -1,321 | -2,204 | -2,385 | -1,424 | -1,690 | -966 | -1,113 | -1,249 | -704 | -878 | -712 | -737 | -1,043 | -1,045 | -1,054 | -1,054 | -1,040 | -920 | -1,071 |
Dividend Payments | -1.1% | 373 | 377 | 381 | 383 | 383 | 379 | 375 | 371 | 367 | 362 | 358 | 354 | 349 | 346 | 343 | 336 | 331 | 325 | 318 | 313 | 307 |
UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Sales | $ 2,324 | $ 2,784 | $ 4,736 | $ 5,498 |
Cost of sales | 1,740 | 2,114 | 3,623 | 4,278 |
Gross profit | 584 | 670 | 1,113 | 1,220 |
Selling, general and administrative expenses | 185 | 185 | 376 | 381 |
Research and development expenses | 60 | 67 | 122 | 132 |
Asset impairments and restructuring charges, net | 0 | 19 | 22 | 21 |
Other components of post-employment (benefit) cost, net | (3) | (34) | (6) | (65) |
Other (income) charges, net | 19 | 14 | 30 | 2 |
Gain on divested business | 0 | (7) | 0 | (10) |
Earnings before interest and taxes | 323 | 426 | 569 | 759 |
Net interest expense | 54 | 45 | 106 | 91 |
Earnings before income taxes | 269 | 381 | 463 | 668 |
(Benefit from) provision for income taxes | (3) | 124 | 57 | 175 |
Net earnings | 272 | 257 | 406 | 493 |
Less: Net earnings attributable to noncontrolling interest | 0 | 1 | 0 | 2 |
Net earnings attributable to Eastman | $ 272 | $ 256 | $ 406 | $ 491 |
Earnings Per Share, Basic [Abstract] | ||||
Basic earnings per share attributable to Eastman | $ 2.28 | $ 2.05 | $ 3.41 | $ 3.87 |
Diluted earnings per share attributable to Eastman | ||||
Diluted earnings per share attributable to Eastman | $ 2.27 | $ 2.03 | $ 3.39 | $ 3.82 |
Comprehensive Income | ||||
Net earnings including noncontrolling interest | $ 272 | $ 257 | $ 406 | $ 493 |
Other comprehensive income (loss), net of tax: | ||||
Change in cumulative translation adjustment | (42) | 16 | (43) | 23 |
Defined benefit pension and other postretirement benefit plans: | ||||
Amortization of unrecognized prior service credits | (5) | (9) | (10) | (15) |
Derivatives and hedging: | ||||
Unrealized gain (loss) during period | (5) | 27 | (12) | 67 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 1 | (32) | (1) | (36) |
Total other comprehensive income (loss), net of tax | (51) | 2 | (66) | 39 |
Comprehensive income including noncontrolling interest | 221 | 259 | 340 | 532 |
Less: Net earnings attributable to noncontrolling interest | 0 | 1 | 0 | 2 |
Comprehensive income attributable to Eastman | 221 | 258 | 340 | 530 |
Retained Earnings | ||||
Retained earnings at beginning of period | 9,013 | 8,694 | 8,973 | 8,557 |
Net earnings attributable to Eastman | 272 | 256 | 406 | 491 |
Cash dividends declared | (95) | (93) | (189) | (191) |
Retained earnings at end of period | $ 9,190 | $ 8,857 | $ 9,190 | $ 8,857 |
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 410 | $ 493 |
Trade receivables, net of allowance for credit losses | 923 | 957 |
Miscellaneous receivables | 282 | 320 |
Inventories | 1,960 | 1,894 |
Other current assets | 96 | 114 |
Total current assets | 3,671 | 3,778 |
Properties | ||
Properties and equipment at cost | 13,361 | 12,942 |
Less: Accumulated depreciation | 7,959 | 7,782 |
Net properties | 5,402 | 5,160 |
Goodwill | 3,697 | 3,664 |
Intangible assets, net of accumulated amortization | 1,180 | 1,210 |
Other noncurrent assets | 821 | 855 |
Total assets | 14,771 | 14,667 |
Current liabilities | ||
Payables and other current liabilities | 1,943 | 2,125 |
Borrowings due within one year | 844 | 1,126 |
Total current liabilities | 2,787 | 3,251 |
Long-term borrowings | 4,593 | 4,025 |
Deferred income tax liabilities | 573 | 671 |
Post-employment obligations | 622 | 628 |
Other long-term liabilities | 844 | 856 |
Total liabilities | $ 9,419 | $ 9,431 |
Common stock, shares issued (in shares) | 222,729,135 | 222,348,557 |
Common stock, par value (in dollars per share) | $ 0.01 | |
Stockholders' equity | ||
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 222,729,135 and 222,348,557 as of June 30, 2023 and December 31, 2022, respectively) | $ 2 | $ 2 |
Additional paid-in capital | 2,342 | 2,315 |
Retained earnings | 9,190 | 8,973 |
Accumulated other comprehensive income (loss) | (271) | (205) |
Stockholder's Equity before Treasury Stock | 11,263 | 11,085 |
Less: Treasury stock at cost (104,224,199 and 103,602,488 shares as of June 30, 2023 and December 31, 2022, respectively) | 5,982 | 5,932 |
Total Eastman stockholders' equity | 5,281 | 5,153 |
Noncontrolling interest | 71 | 83 |
Total equity | 5,352 | 5,236 |
Total liabilities and stockholders' equity | $ 14,771 | $ 14,667 |
Treasury stock at cost (in shares) | 104,224,199 | 103,602,488 |
Common stock, shares authorized (in shares) | 350,000,000 |