Eastman Chemical Company (EMN)

Over the past six months, Eastman Chemical Co. stock has experienced fluctuations. As of June 20, 2025, the share price was $74.25, and the stock has underperformed the S&P 500 Index by -19.61% over the past six months. Year-to-date, the stock has dropped nearly 20%. However, as of early June 2024, EMN shares had risen 18% over the preceding six months. Recent specific events include the appointment of AGCO CFO Damon Audia to its board on June 27, 2025, the declaration of a $0.830 per share dividend on June 13, 2025, the declaration of a dividend and announcement of 2025 Annual Meeting Stockholder Vote Results on May 1, 2025, the Q1 2025 Earnings Release on April 24, 2025, and the Q4 2024 Earnings Release on January 30, 2025.

Eastman Chemical Co.'s demand exhibits seasonality, which impacts its earnings and cash flows. Earnings are typically lowest in the fourth quarter, and results in most segments are generally weaker due to seasonal downturns in key markets. Cash flows from operations are typically highest in the second half of the year due to seasonal demand based on general economic activity. The company is exposed to consumer discretionary end-markets, and changes in global consumer spending can affect demand. The coatings additives product line and the intermediates product line are impacted by the cyclicality of their key end products and markets. The company anticipates a seasonal uptick in durables and building and construction markets, particularly in the second half of the year, and there is also some seasonality in the agricultural exposure.

Eastman Chemical Company is an American global specialty materials company primarily involved in the chemical industry. Spun off from Eastman Kodak in 1994, it is headquartered in Kingsport, Tennessee. The company operates within the Basic Materials sector, specifically in the Specialty Chemicals and Major Chemicals industries, and is also noted within the Plastics and Rubber Products Manufacturing subsector. Eastman's diverse portfolio includes a broad range of advanced materials, chemicals, and fibers for various everyday purposes. Its operations are managed across four main segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers. The company is also known for its development of cyanoacrylates and is a significant producer of polyethylene terephthalate polymers for packaging.

Eastman Chemical Company operates globally, with 36 manufacturing sites across 12 countries. Its headquarters and largest manufacturing facility are located in Kingsport, Tennessee, U.S. More than half of Eastman's sales are generated from customers outside of North America, with a strong presence in Asian markets. Sales distribution in 2024 was 42% in the United States and Canada, 27.4% in Europe/Middle East/Africa, 25.2% in Asia/Pacific, and 5.4% in Latin America.

Eastman Chemical Company has been actively enhancing its brand reputation through a strong focus on sustainability and circular economy initiatives. The company is recognized for its advanced specialty materials and expertise in molecular recycling technology, positioning it as a leader in industry innovation. Eastman's push into circular economy solutions, including investments in methanolysis and recycling facilities, is viewed as a transformative growth driver. The company's push into biodegradable products like Tritan Renew and Naia Renew, which use molecularly recycled feedstocks, is boosting market confidence. Eastman is committed to achieving carbon neutrality by 2050. There have been no widely reported negative events significantly impacting Eastman Chemical Co.'s brand reputation in the past year.

Eastman Chemical Co. is predominantly owned by institutional shareholders, with approximately 90.10% of the company owned by institutional shareholders, 2.05% by Eastman Chemical Co. insiders, and 7.85% by retail investors. Major institutional owners include Vanguard Group Inc., Blackrock Inc., Capital Research Global Investors, Franklin Resources Inc., and State Street Corp. Other significant institutional holders include Morgan Stanley, Geode Capital Management LLC, Invesco Ltd, Massachusetts Financial Services Co, and Dimensional Fund Advisors LP.