OverviewSuggest Edit

Eastman is a specialty chemical company. It produces a range of advanced materials, additives and functional products, specialty chemicals, and fibers. It also offers coatings, adhesives, specialty polymers, inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics.

TypePublic
Founded1920
HQKingsport, TN, US
Websiteeastman.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)14,500
Revenue (FY, 2019)$9.3 B(-8%)
Share Price (Feb 2021)$107.5 (+3%)
Cybersecurity ratingAMore

Key People/Management at Eastman

Mark Costa

Mark Costa

Chairman and Chief Executive Officer
Mark K. Cox

Mark K. Cox

Senior Vice President, Chief Manufacturing, Supply Chain and Engineering Officer
Perry Stuckey

Perry Stuckey

Senior Vice President and Chief Human Resources Officer
Gregory A. Riddle

Gregory A. Riddle

Vice President, Investor Relations & Corporate Communications
Lucian Boldea

Lucian Boldea

Executive Vice President, Additives & Functional Products and Chemical Intermediates
Brad Lich

Brad Lich

Executive Vice President and Chief Commercial Officer
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Eastman Office Locations

Eastman has offices in Kingsport, Anaheim, Chestertown, Courtland and in 53 other locations
Kingsport, TN, US (HQ)
200 S Wilcox Dr
Anaheim, CA, US
4110 E La Palma Ave
Chestertown, MD, US
10380 Worton Rd
Courtland, VA, US
27123 Shady Brook Trail
Fieldale, VA, US
4210 The Great Rd
Gaston, SC, US
500 K Ave
Show all (64)

Eastman Financials and Metrics

Eastman Revenue

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Eastman's revenue was reported to be $9.27 b in FY, 2019
USD

Revenue (Q3, 2020)

2.1b

Gross profit (Q3, 2020)

501.0m

Gross profit margin (Q3, 2020), %

23.6%

Net income (Q3, 2020)

165.0m

EBIT (Q3, 2020)

243.0m

Market capitalization (8-Feb-2021)

14.6b

Closing stock price (8-Feb-2021)

107.5

Cash (30-Sept-2020)

650.0m

EV

19.8b
Eastman's current market capitalization is $14.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.0b9.5b10.2b9.3b

Revenue growth, %

(7%)6%6%

Cost of goods sold

6.7b7.1b7.7b7.0b

Gross profit

2.4b2.5b2.5b2.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.3b2.4b2.5b2.6b2.6b2.5b2.4b2.4b2.3b2.2b1.9b2.1b

Cost of goods sold

1.7b1.8b1.8b2.0b1.9b1.8b1.8b1.8b1.8b1.7b1.6b1.6b

Gross profit

605.0m630.0m671.0m581.0m704.0m728.0m574.0m589.0m574.0m577.0m371.0m501.0m

Gross profit Margin, %

26%26%27%22%27%29%24%25%25%26%19%24%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

181.0m191.0m226.0m204.0m

Accounts Receivable

812.0m1.0b1.2b980.0m

Prepaid Expenses

80.0m

Inventories

1.4b1.5b1.6b1.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

197.0m222.0m195.0m194.0m193.0m193.0m195.0m186.0m207.0m680.0m704.0m650.0m

Accounts Receivable

982.0m1.0b1.0b1.4b1.4b1.4b1.3b1.2b1.2b1.0b904.0m1.1b

Inventories

1.5b1.5b1.6b1.5b1.5b1.6b1.7b1.7b1.7b1.7b1.4b1.3b

Current Assets

3.2b3.3b3.2b3.5b3.5b3.6b3.6b3.5b3.4b3.9b3.5b3.5b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

859.0m1.4b1.1b762.0m

Depreciation and Amortization

580.0m587.0m604.0m611.0m

Inventories

54.0m(71.0m)(224.0m)(80.0m)

Accounts Payable

7.0m123.0m90.0m(27.0m)
USDFY, 2016

Revenue/Employee

643.4k

Debt/Equity

1.4 x

Debt/Assets

0.4 x

Financial Leverage

3.4 x
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Eastman Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018

Countries

14 14 14 14

Patents (US)

700 700 700 700

Patents (Foreign)

1.90 k1.80 k1.60 k1.60 k

Manufacturing Facilities

49 49 48 48
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Eastman Acquisitions / Subsidiaries

Company NameDateDeal Size
Commonwealth Laminating & Coating IncDecember 11, 2014$438 m
Taminco CorporationSeptember 11, 2014$2.80 b
Knowlton Technologies, LLCAugust 06, 2014$42 m
BP - Aviation Turbine Oil BusinessJanuary 28, 2014
Solutia Inc.July 02, 2012
TetraVitae BioscienceNovember 08, 2011
Scandiflex do Brasil Ltda.September 01, 2011
DynaloyAugust 03, 2011
Sterling Chemicals IncJune 22, 2011$100 m
Genovique Specialties CorporationMarch 17, 2010$160 m
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Eastman Revenue Breakdown

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Eastman revenue breakdown by business segment: 9.0% from Fibers, 35.9% from Additives & Functional Products, 27.1% from Advanced Materials and 27.9% from Chemical Intermediates

Eastman revenue breakdown by geographic segment: 42.4% from United States and Canada, 24.7% from Asia Pacific, 27.2% from Europe, Middle East, and Africa and 5.8% from Latin America

Human Capital Metrics

Eastman's employees are reported to be approximately 24% female and 76% male.
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Eastman Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Eastman Online and Social Media Presence

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Eastman Company Culture

  • Overall Culture

    A+

    98/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Eastman News and Updates

Insights on the Chemical Licensing Global Market to 2027 - Featuring Eastman Chemical, Exxon Mobil & Huntsman Among Others

Dublin, Feb. 03, 2021 (GLOBE NEWSWIRE) -- The "Chemical Licensing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 275-page report presents concise insigh…

Governor Lee, Commissioner Rolfe Announce Eastman to Build Methanolysis Facility to Support an Optimized Circular Economy

Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Eastman officials announced today that the company will build one of the world’s largest methanolysis facilities at its site in Kingsport, Tenn.read more

Price Correction In The Cards For Eastman Chemical Stock?

Having gained more than 160% since the March 23 lows of this year, at the current price of $101 per share, we believe Eastman Chemical Stock (NYSE: EMN) is expensive. Eastman Chemical, a chemical company that manufactures and markets chemicals, fibers, and plastics, has seen its stock rally...

Global Large Capacity Lithium Battery Packs Market Report, Forecast 2020 - 2027, Upcoming Trend Analysis and Key Players - Eastman Panasonic(Sanyo) ,Samsung ,SDI

lobal Large Capacity Lithium Battery Packs  Market. According to the extensive report the market is anticipated to register a compounded annual growth rate of x% during the forecast period 2020 – 2025. Posted via Industry Today. Follow us on Twitter @IndustryToday

2 Reasons Not To Buy Eastman Kodak On 70% Stock Pop

Eastman Kodak's 70% stock pop is likely due to short covering, rather than a brighter growth picture
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Eastman Blogs

Teastick Gems

Translucent and colorful with Eastman Tritan copolyesterWhoGamila Products of Raleigh, North CarolinaWhatGamila Products has developed a new method for brewing loose-leaf tea. The Teastick Gems is an all-in-one design and includes a scoop, measuring device and infuser in a sleek.NeedsLooking to impr…

Art Installation at the Museum of Mexico City

Protecting history and resisting climate conditions with Eastman Texanol coalescent for latex paintsWhoConstructed in the 17th century as a palace for the Counts of Santiago de Calimaya, the Museum of Mexico City’s building was registered as a National Heritage site in 1931 and officially became the…

MGM’s Grande Praça Butterfly Exhibit

“Color tinting Eastman Spectar clear copolyester to create the appearance of art glass”WhoDallas-based artist Stephen Stefanou at the MGM’s Grande Praça Butterfly Exhibit in MacauWhatThe hatchery and butterfly exhibit at the MGM are housed within a 26 ft. fly-eyed geodesic dome structure covered in …

Longchamp Staircase

Curved balustrades with Eastman Spectar copolyesterWhoThomas Heatherwick, director of Heatherwick StudioWhatThe Longchamp store, located in SoHo, has won numerous design and architectural accolades and attracted widespread media coverage. Longchamp’s boutique is located on the second floor and the s…

Lolly Baby Bottles, Pacifiers, and Sippy Cups

Bringing BPA free products to the infant care market with Eastman Tritan copolyesterWhoLolly Baby, an infant care company based in São Paulo, BrazilWhatA new product line of baby bottles, pacifiers, and sippy cups.Needs“For Brazilian moms and dads, it is essential that infant care products maintain …

KOR ONE Black Hydration Vessel

Superb clarity with Eastman Tritan copolyesterWhoKOR Water and RKS DesignWhatKOR Water and RKS Design teamed up to create the KOR ONE Black — a hydration vessel for a special cause. Priced at $99, all sales of the limited edition KOR ONE Black supported Summit Series and The Nature Conservancy in th…
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Eastman Frequently Asked Questions

  • When was Eastman founded?

    Eastman was founded in 1920.

  • Who are Eastman key executives?

    Eastman's key executives are Mark Costa, Mark K. Cox and Perry Stuckey.

  • How many employees does Eastman have?

    Eastman has 14,500 employees.

  • What is Eastman revenue?

    Latest Eastman annual revenue is $9.3 b.

  • What is Eastman revenue per employee?

    Latest Eastman revenue per employee is $639.5 k.

  • Who are Eastman competitors?

    Competitors of Eastman include Royal DSM, BASF and Evonik Industries.

  • Where is Eastman headquarters?

    Eastman headquarters is located at 200 S Wilcox Dr, Kingsport.

  • Where are Eastman offices?

    Eastman has offices in Kingsport, Anaheim, Chestertown, Courtland and in 53 other locations.

  • How many offices does Eastman have?

    Eastman has 64 offices.