EASTMAN CHEMICAL CO
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Sales by Customer Location
| Sales Revenue | ||||||||
|---|---|---|---|---|---|---|---|---|
| Second Quarter · First Six Months | ||||||||
| Change | Change | |||||||
| (Dollars in millions) | 2024 | 2023 | $ | % | 2024 | 2023 | $ | % |
| United States and Canada | $994 | $1,000 | $(6) | (1)% | $1,963 | $2,065 | $(102) | (5)% |
| Europe, Middle East, and Africa | 650 | 635 | 15 | 2% | 1,309 | 1,344 | (35) | (3)% |
| Asia Pacific | 590 | 557 | 33 | 6% | 1,154 | 1,078 | 76 | 7% |
| Latin America | 129 | 132 | (3) | (2)% | 247 | 249 | (2) | (1)% |
| Total Eastman | $2,363 | $2,324 | $39 | 2% | $4,673 | $4,736 | $(63) | (1)% |
Sales revenue increased 2 percent in second quarter 2024 compared to second quarter 2023 primarily due to higher sales volume (up 6 percent), partially offset by lower selling prices (down 4 percent). Sales revenue decreased 1 percent in first six months 2024 compared to first six months 2023 primarily due to lower selling prices (down 6 percent), partially offset by higher sales volume (up 5 percent). Lower selling prices were particularly in the Europe, Middle East, and Africa region and the United States and Canada region. Higher sales volume was particularly in the Asia Pacific region and the Europe, Middle East, and Africa region, partially offset by lower sales volume in the United States and Canada region.
Further discussion by operating segment is presented in "Summary by Operating Segment" in this MD&A.
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