Trade Eastman Chemical Co - EMN CFD

Eastman Chemical Company profile

About Eastman Chemical Company

Eastman Chemical Company (Eastman) is a global specialty materials company. The Company's segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI) and Fibers. In the AFP segment, the technology platforms provided are cellulose esters, polyester polymers, insoluble sulfur, hydrocarbon resins, alkylamine derivatives and propylene derivatives. It manufactures materials for products in the transportation, consumables, energy and other markets. In the AM segment, it produces and markets its polymers, films and plastics with differentiated performance properties for end uses in transportation, consumables, building and construction, durable goods and health and wellness products. The CI segment leverages vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support its specialty operating segments. Its product lines in Fibers segment include acetate tow, acetate yarn and fiber and acetyl chemical products.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Eastman Chemical Company revenues increased 24% to $10.48B. Net income increased 79% to $857M. Revenues reflect Chemical Intermediates segment increase of 36% to $2.85B, Additives & Functional Products segment increase of 22% to $3.7B, United States and Canada segment increase of 28% to $4.58B, Asia Pacific segment increase of 21% to $2.55B.

Equity composition

Common Stock $.01 Par, 03/12, 350M auth., 197,409,655 issd. less Treas 59,539,633 @ cost $1.93B. Insiders own 0.48%. 1/94, stock issued to holders of Eastman Kodak. Basis: 1 shr. of EMN per 4 shares of Eastman Kodak. FY'01 fincls. & Q's are restated. 10/11, 2-for-1 Stock split.