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 Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)14,500
Job Openings176
Revenue (FY, 2020)$8.5 B(-8%)
Share Price (Jul 2021)$112.7

Key People/Management at Eastman

Mark Costa

Mark Costa

Board Chair and CEO
Willie McLain

Willie McLain

Senior Vice President & CFO Deutsche Bank Basic Materials Conference June 9, 2021
Mark K. Cox

Mark K. Cox

Senior Vice President, Chief Manufacturing and Engineering Officer
Perry Stuckey

Perry Stuckey

Senior Vice President and Chief Human Resources Officer
Stephen G. Crawford

Stephen G. Crawford

Executive Vice President, Chief Technology & Sustainability Officer
Gregory A. Riddle

Gregory A. Riddle

Vice President, Investor Relations & Corporate Communications
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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
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Eastman Financials and Metrics

Eastman Revenue

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Eastman's revenue was reported to be $8.47 b in FY, 2020 which is a 8.6% decrease from the previous period.
USD

Revenue (Q1, 2021)

2.4b

Gross profit (Q1, 2021)

598.0m

Gross profit margin (Q1, 2021), %

24.8%

Net income (Q1, 2021)

277.0m

Market capitalization (30-Jul-2021)

15.4b

Closing stock price (30-Jul-2021)

112.7

Cash (31-Mar-2021)

540.0m

EV

20.4b
Eastman's current market capitalization is $15.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

10.2b9.3b8.5b

Revenue growth, %

6%(9%)(9%)

Cost of goods sold

7.7b7.0b6.5b

Gross profit

2.5b2.2b2.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.4b2.4b2.3b2.2b1.9b2.1b2.4b

Cost of goods sold

1.8b1.8b1.8b1.7b1.6b1.6b1.8b

Gross profit

574.0m589.0m574.0m577.0m371.0m501.0m598.0m

Gross profit Margin, %

24%25%25%26%19%24%25%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

226.0m204.0m564.0m

Accounts Receivable

1.2b980.0m1.0b

Inventories

1.6b1.7b1.4b

Current Assets

3.4b3.3b3.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

195.0m186.0m207.0m680.0m704.0m650.0m540.0m

Accounts Receivable

1.3b1.2b1.2b1.0b904.0m1.1b1.2b

Inventories

1.7b1.7b1.7b1.7b1.4b1.3b1.5b

Current Assets

3.6b3.5b3.4b3.9b3.5b3.5b3.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.1b762.0m489.0m

Depreciation and Amortization

604.0m611.0m574.0m

Inventories

(224.0m)(80.0m)291.0m

Accounts Payable

90.0m(27.0m)(100.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

209.0m468.0m735.0m260.0m290.0m446.0m277.0m

Depreciation and Amortization

155.0m311.0m462.0m139.0m280.0m429.0m149.0m

Inventories

(122.0m)(148.0m)(122.0m)(18.0m)221.0m316.0m(144.0m)

Accounts Payable

(42.0m)(88.0m)(183.0m)(104.0m)(343.0m)(213.0m)197.0m
USDFY, 2018

EV/CFO

10.5 x

Revenue/Employee

700.1k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.7 x

P/E Ratio

9.7
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Eastman Operating Metrics

FY, 2018FY, 2019FY, 2020

Countries

141514

Patents (US)

700700800

Patents (Foreign)

1.6 k1.5 k1.5 k

Trademarks and Trademark Applications

5.4 k5.3 k5.3 k
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Eastman Acquisitions / Subsidiaries

Company NameDateDeal Size
Commonwealth Laminating & Coating IncDecember 11, 2014$438 m
Taminco CorporationSeptember 11, 2014$2.8 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: 24.7% from Chemical Intermediates, 29.8% from Advanced Materials, 35.7% from Additives & Functional Products and 9.9% from Fibers

Eastman revenue breakdown by geographic segment: 42.2% from United States and Canada, 5.7% from Latin America, 27.1% from Europe, Middle East, and Africa and 24.9% from Asia Pacific

Human Capital Metrics

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Eastman Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub 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

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Eastman News and Updates

Eastman announces project with USAMP and PADNOS for fully circular recycling study in automotive market

New closed-loop technology will provide cost-effective solution to create new sustainable materials from automotive plastic waste KINGSPORT, Tenn., July 20, 2021 /PRNewswire/ -- Eastman (NYSE: EMN) today announced a collaboration with the United States Automotive Materials Partnership LLC...

Eastman expands its portfolio of sustainability offerings with Cristal™ One recyclable resins for cosmetics

KINGSPORT, Tenn., June 22, 2021 /PRNewswire/ -- Today, Eastman (NYSE: EMN) announces the launch of Eastman Cristal™ One, a portfolio of Resin Identification Code 1 (RIC1) resins engineered to meet the exacting demands of thick-walled packaging for luxury cosmetics. These innovative...

LVMH Perfumes & Cosmetics chooses Eastman Cristal™ Renew to begin elimination of virgin plastic

KINGSPORT, Tenn., June 1, 2021 /PRNewswire/ -- LVMH Perfumes & Cosmetics, a division of luxury powerhouse LVMH, today announces its collaboration with global specialty material provider Eastman (NYSE: EMN) to develop packaging made possible through Eastman's molecular recycling...

Global Cheque Scanner Market Report 2021: Key Players are PANINI, Epson, Canon, Digital Check, ARCA, MagTek, NCR Corp, Eastman Kodak Co, RDM Corp, and Lagon

DUBLIN, May 28, 2021 /PRNewswire/ -- The "Cheque Scanner Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Single-feed Cheque Scanners and Multi-feed Cheque Scanners) and Applications (Banks, Enterprises and Financial Institutions)" report has been added to...

Eastman expands capacity to produce Naia™ cellulosic yarn

BARCELONA, Spain, May 25, 2021 /PRNewswire/ -- To serve rapidly growing customer demand, global specialty materials provider Eastman (NYSE: EMN) is increasing its capacity to produce Naia™ filament yarn at its Barcelona, S.L., site by 30% by mid-2021 and more than 50% by the end of 2022....

Eastman launches Fluid Genius™ to optimize heat transfer system performance with predictive analytics

Maker of Therminol® and Marlotherm® heat transfer fluids leverages artificial intelligence to extend fluid life expectancy KINGSPORT, Tenn., May 18, 2021 /PRNewswire/ -- Global specialty materials provider Eastman (NYSE: EMN) introduces Fluid Genius, a revolutionary new patent-pending...
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Eastman Blogs

Rider Shoe Display

Colorful vacuum-formed sheets with Eastman Spectar copolyesterWhoBrazilian design firm Plano Trion for shoe giant GrendeneWhatGrendene has enormous influence in the footwear market, producing 140 million pairs of shoes every year, spread across 20 locations in more than 85 countries. Working with Pl…

Replenish Reusable Bottle

Using Eastar copolyester for more sustainable home cleaning productsWhoJason Foster entrepreneur and founder of ReplenishWhatFoster worked in equity research on Wall Street for several years to better understand risk management. When he saw something missing in all of the bottles in the marketplace,…

Rapid Deployment Flood Wall

An expandable, stackable, modular wall with Eastman Spectar Clear copolyesterWhoGeocell Systems, Inc.WhatOver the years, the phrase “filling the gap” has been used to help explain a strategy that involves rapid support and strengthening in flood prevention. Geocell developed a series of modular sand…

POM Wonderful 48 oz Bottle

Incorporating an integral handle with Eastman Tritan copolyesterWhoHeather Lhotka, director of packaging for POM WonderfulWhatThe POM Wonderful image is tied into the ‘double-pomegranate’ single-serving container. As the company grew in popularity it wanted to expand its offerings to include a large…

Polar Pitcher

Durable, crystal clear, and dishwasher safe with Eastman Tritan copolyesterWhoPolar Plastech’s Polar PitcherWhatA pitcher of ice-cold draught beer represents something of a compromise. On the upside, it’s easier to consume than making a series of trips to the bar or calls on table staff. On the down…

Pocket Fragrance Sprays

Incorporating a chromium-plate finish with The Glass PolymerWhoFrench cosmetics brand Puig Prestige BeautéWhatPuig Prestige Beauté’s perfume pocket sprays, including, XS Ligne, Paco Rabanne pour Homme, UltraViolet, and Eau.NeedsPuig needed a versatile material with great impact resistance, molding f…
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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, Willie McLain and Mark K. Cox.

  • How many employees does Eastman have?

    Eastman has 14,500 employees.

  • What is Eastman revenue?

    Latest Eastman annual revenue is $8.5 b.

  • What is Eastman revenue per employee?

    Latest Eastman revenue per employee is $584.3 k.

  • Who are Eastman competitors?

    Competitors of Eastman include Freudenberg North America, Freudenberg Sealing Technologies and Royal DSM.

  • 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.