Last $82.47 USD
Change Today +0.02 / 0.02%
Volume 673.3K
EMN On Other Exchanges
Symbol
Exchange
New York
Dusseldorf
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

eastman chemical co (EMN) Snapshot

Open
$82.52
Previous Close
$82.45
Day High
$83.10
Day Low
$82.12
52 Week High
06/4/14 - $90.55
52 Week Low
12/13/13 - $72.62
Market Cap
12.3B
Average Volume 10 Days
925.0K
EPS TTM
$6.55
Shares Outstanding
149.1M
EX-Date
09/11/14
P/E TM
12.6x
Dividend
$1.40
Dividend Yield
1.64%
Current Stock Chart for EASTMAN CHEMICAL CO (EMN)

eastman chemical co (EMN) Details

Eastman Chemical Company, a specialty chemical company, manufactures and sells chemicals, plastics, and fibers in the United States and internationally. The company’s Additives & Functional Products segment offers solvents that include specialty coalescents and ketones, esters, glycol ethers, and alcohol solvents; cellulose and polyester-based specialty polymers; insoluble sulfur products; antidegradant products; and hydrocarbon resins. This segment’s products are used in coatings and tire industries in transportation, building and construction, durable goods, and consumables markets. Its Adhesives & Plasticizers segment manufactures resins and plasticizers, which are used in the consumables, building and construction, health and wellness, industrial chemicals and processing, and durable goods, markets. The company’ Advanced Materials segment produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products that are used in transportation, consumables, building and construction, durable goods, and health and wellness products. Its Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers for use in the manufacture of cigarette filters; Estron natural and Chromspun solutions dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers. The company’s products include acetate tow, acetate yarn, and acetyl chemical products. Its Specialty Fluids & Intermediates segment provides specialty fluids, acetyl chemical intermediates, and olefin derivatives that are used in industrial chemicals and processing, building and construction, health and wellness, and agriculture markets. The company also offers aviation turbine oil. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

14,000 Employees
Last Reported Date: 02/28/14
Founded in 1920

eastman chemical co (EMN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $696.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $598.1K
Chief Operating Officer
Total Annual Compensation: $698.6K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $467.6K
Compensation as of Fiscal Year 2013.

eastman chemical co (EMN) Key Developments

Eastman Chemical Co. and Helian Polymers Collaborate to Introduce 3D Printing Solution in London

Eastman Chemical Company have collaborated to introduce a new low-odor, styrene-free 3D printing solution in London. 3D printing is a fast-growing technology that's ushering in a new era of manufacturing for health care, transportation and other high-profile industries. This new, proprietary polymer will bring excellent strength, workability, processing, low odor and aesthetics to 3D printed products." Eastman and Helian's new offering will provide makers of 3D filaments with a consistent, high-quality product. It will ensure the efficacy of 3D printers, protecting manufacturers' brand reputations.

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable Oct. 1, 2014

The board of directors of Eastman Chemical Company declared a quarterly cash dividend of $0.35 per share on the company's common stock. The dividend is payable Oct. 1, 2014, to stockholders of record as of Sept. 15, 2014.

Eastman Chemical Co. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 2014; Provides Earnings Guidance for the Year 2014

Eastman Chemical Co. reported unaudited earnings results for the second quarter and six months ended June 2014. For the quarter, the company reported sales revenue of $2,460 million against $2,440 million a year ago. Earnings from continuing operations before income taxes were $399 million against $382 million a year ago. Earnings from continuing operations were $292 million against $266 million a year ago. Earnings from continuing operations, net of tax were $290 million or $1.92 per diluted share against $264 million or $1.69 per diluted share a year ago. Net earnings attributable to the company's stockholders was $292 million or $1.93 per diluted share against $264 million or $1.69 per diluted share a year ago. Operating earnings for were $436 million compared with $428 million for second quarter 2013. Excluding non-core or non-recurring items, operating earnings were $441 million compared with $454 million for second quarter 2013, with the decline primarily due to lower Specialty Fluids & Intermediates segment earnings. The previously announced unplanned shutdown at the Kingsport, Tenn., facility negatively impacted second-quarter 2014 operating earnings by approximately $10 million. The company generated $419 million in cash from operating activities during second quarter 2014 primarily due to strong net earnings. For the six months, the company reported sales of $4,765 million against $4,747 million a year ago. Operating earnings was $797 million against $821 million a year ago. Earnings from continuing operations before income taxes were $721 million against $727 million a year ago. Earnings from continuing operations were $526 million against $514 million a year ago. Earnings from continuing operations, net of tax were $523 million or $3.43 per diluted share against $511 million or $3.26 per diluted share a year ago. Net earnings attributable to the company's stockholders was $525 million or $3.45 per diluted share against $511 million or $3.26 per diluted share a year ago. Excluding non-core or non-recurring items, operating earnings were $824 million compared with $857 million a year ago. The company continues to expect 2014 earnings per share to be between $6.70 and $7.00. Non-core and non-recurring items are excluded from the earnings per share projection.

 

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Industry Analysis

EMN

Industry Average

Valuation EMN Industry Range
Price/Earnings 10.8x
Price/Sales 1.3x
Price/Book 3.2x
Price/Cash Flow 10.4x
TEV/Sales 0.8x
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