EASTMAN CHEMICAL CO
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
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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, 2026 · Filed Jul 31, 2026
EMN$65.45+0.1%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Statements of Earnings and Comprehensive Income
AND COMPREHENSIVE INCOME
| Second Quarter | First Six Months | |||
|---|---|---|---|---|
| (Dollars in millions, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Sales | $2,513 | $2,287 | $4,690 | $4,577 |
| Cost of sales | 1,953 | 1,781 | 3,699 | 3,504 |
| Gross profit | 560 | 506 | 991 | 1,073 |
| Selling, general and administrative expenses | 185 | 157 | 363 | 339 |
| Research and development expenses | 65 | 67 | 125 | 134 |
| Asset impairments, restructuring, and other charges, net | 1 | 13 | 10 | 22 |
| Other components of post-employment (benefit) cost, net | (16) | (2) | (33) | (3) |
| Other (income) charges, net | 14 | 49 | 27 | 57 |
| Earnings before interest and taxes | 311 | 222 | 499 | 524 |
| Net interest expense | 55 | 53 | 107 | 102 |
| Earnings before income taxes | 256 | 169 | 392 | 422 |
| Provision for income taxes | 72 | 29 | 101 | 99 |
| Net earnings | 184 | 140 | 291 | 323 |
| Less: Net earnings attributable to noncontrolling interest | 1 | — | 1 | 1 |
| Net earnings attributable to Eastman | $183 | $140 | $290 | $322 |
| Basic earnings per share attributable to Eastman | $1.60 | $1.22 | $2.54 | $2.80 |
| Diluted earnings per share attributable to Eastman | $1.59 | $1.20 | $2.51 | $2.77 |
| Comprehensive Income | ||||
|---|---|---|---|---|
| Net earnings including noncontrolling interest | $184 | $140 | $291 | $323 |
| Other comprehensive income (loss), net of tax: | ||||
| Change in cumulative translation adjustment | (13) | (6) | (4) | 2 |
| Defined benefit pension and other postretirement benefit plans: | ||||
| Amortization of unrecognized prior service credits included in net periodic costs | (8) | — | (15) | — |
| Derivatives and hedging: | ||||
| Unrealized gain (loss) during period | 2 | (32) | 18 | (45) |
| Reclassification adjustment for (gains) losses included in net income, net | — | 6 | 1 | 4 |
| Total other comprehensive income (loss), net of tax | (19) | (32) | — | (39) |
| Comprehensive income including noncontrolling interest | 165 | 108 | 291 | 284 |
| Less: Comprehensive income attributable to noncontrolling interest | 1 | — | 1 | 1 |
| Comprehensive income attributable to Eastman | $164 | $108 | $290 | $283 |
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