Eastman Chemical Earnings Reports

Eastman Chemical Company reported a challenging fourth quarter due to lower demand in key markets, customer inventory destocking, and limited benefit from lower raw material costs. Despite these challenges, the company demonstrated commercial excellence in pricing and made progress on its circular platform.

Eastman Chemical Company reported a decrease in sales revenue and EBIT compared to the third quarter of 2019, but saw improved demand and adjusted earnings sequentially. The company is on track to generate greater than $1 billion of free cash flow for the fourth consecutive year.