Eastman Chemical Company (EMN) SEC Filings & Earnings Calls

Raw material and energy cost inflation

“EBIT excluding non-core items decreased in first six months 2026 compared to first six months 2025 primarily due to ... higher raw material and energy costs.” · word for word

Middle East conflict supply disruption

“Higher selling prices in the CI segment were primarily driven by tightening market conditions from the ongoing Middle East conflict.” · word for word

Middle East conflict impacts raw material supply and logistics costs.

“Continued to successfully manage the impact of the conflict in the Middle East and secured supply of key raw materials.” · word for word

Weak demand in discretionary end markets and Fibers segment.

“Continued weak demand in key discretionary end markets... Fibers sales revenue decreased 11 percent.” · word for word

Demand weakness across consumer discretionary end markets

“Lower sale volume was primarily driven by customer inventory destocking in the acetate tow product line as well as continued weakness across consumer discretionary end markets.” · word for word

Commodity market weakness in Chemical Intermediates segment

“Lower selling prices were due to lower raw material prices and continued weak commodity market conditions in the CI segment.” · word for word

Energy cost pressure from weather events

“EBIT excluding non-core items decreased ... due to ... increased energy costs across our businesses resulting from Winter Storm Fern.”

Significant earnings decline with revenue down 5% and adjusted EBIT down 36% YoY; customer destocking in acetate tow and weak consumer discretionary demand are key risks.

“Sales revenue decreased 5 percent; Adjusted EBIT decreased 36% to $200M; Fibers sales revenue decreased 22% due to 19% lower sales volume/mix.”

Raw material and distribution inflation requiring ~$500M price increases; energy costs from Winter Storm Fern added pressure.

“Implementing ~$500 million of price increases across the portfolio to offset substantial raw material and distribution inflation; increased energy costs across our businesses resulting from Winter Storm Fern.” · word for word

Tariff and trade disruption risk

“The adjusted EBIT target was set at $1.20 billion, which was slightly below the 2024 actual adjusted EBIT of $1.298 billion in response to continued industry weakness and anticipated impacts from global tariffs and trade disruption.” · word for word

Industry weakness and cyclical demand risk

“Despite a challenging operating environment in 2025, our team demonstrated the resilience of our portfolio and the strength of our cash generation.” · word for word

Stock price decline and equity award underwater risk

“The year-end share price was $63.83; the grant date share price of the PSAs was $101.28; the grant date share price of the RSUs was $100.56; and the exercise price of the stock options was $100.56.” · word for word

Strategic goal underperformance risk

“For the 2023-2025 PSAs, the Committee approved an overall PSA payout for the NEOs at 75% of target award levels... (ii) a 5% reduction in the PSA payout based on the performance against the strategic corporate goals under the Modifier.” · word for word

Increased leverage from new debt issuance

“Issuance of $593.7M in notes increases debt obligations”

Raw Material and Energy Cost Volatility

“The cost of raw materials and energy is generally based on market price at the time of purchase” · word for word

Cyclicality in Chemical Intermediates

“Several CI segment product lines are affected by cyclicality, most notably olefin and acetyl-based products.” · word for word

Geopolitical and Trade Disruption

“impacts from U.S. tariffs, reciprocal tariffs, and global trade disruption” · word for word

Broad-based demand weakness across all segments; inventory destocking and competitive pressure.

“Sales revenue down 12% YoY; volume/mix down 11%; weakness in consumer discretionary, building and construction, export markets; acetate tow destocking.”

Chemical Intermediates segment facing increased competitive pressure from Asia.

“Lower selling prices in Chemical Intermediates due to increased competitive pressure from Asia.”

End Market Weakness

“Sales revenue decreased in third quarter 2025 compared to third quarter 2024 due to lower sales volume primarily driven by continued weakness across key end markets.” · word for word

Raw Material and Energy Cost Inflation

“EBIT excluding non-core items decreased ... due to lower sales volume, and lower selling prices and higher raw material and energy costs”

Tariff and Trade Disruption

“impacts from U.S. tariffs, reciprocal tariffs, and global trade disruption” · word for word

Restructuring Execution Risk

“Total $ 20 $ 30 $ 42 $ 41” · word for word

Continued demand weakness in consumer discretionary end markets

“Weakness in consumer discretionary end markets as well as customer unwinding of tariff-related inventory prepositioned in the first half of the year” · word for word

Tariff-related inventory destocking and trade dispute impact

“Customers unwinding inventory that was prepositioned to avoid tariff risk in a weakening consumer environment” · word for word

Competitive spread compression in Chemical Intermediates

“Chemical Intermediates saw competitive spread compression” · word for word