EMN

EX-99.01

2 ex99_0120260930cctables.htm

EX-99.01 Q3 2026 EARNINGS RELEASE

Document

Exhibit 99.01

Eastman Announces Third-Quarter 2026 Financial Results

KINGSPORT, Tenn., October 29, 2026 – Eastman Chemical Company (NYSE:EMN) announced its third-quarter 2026 financial results.

•Delivered EPS growth and solid cash flow in a dynamic environment

•Strong performance in Additives & Functional Products, demonstrating resilience in a challenging environment

•Demonstrated commercial discipline in Advanced Materials as improved selling prices substantially offset higher raw material and distribution costs

•Fibers on track to deliver expected volume growth in the second half as customers meet annual contract commitments

•Announced reinstatement of a $375 million U.S. Department of Energy (DOE) award supporting the continued scale up of the circular platform; on track to drive significant revenue growth in 2026 and 2027

•On track to deliver $125 million to $150 million of cost savings, net of inflation

•Generated $377 million in operating cash flow through the first nine months and expect to release working capital in the fourth quarter

(In millions, except per share amounts; unaudited) 3Q263Q25

Sales revenue$2,385$2,202

Earnings before interest and taxes ("EBIT")305188

Adjusted EBIT*305210

Earnings per diluted share 2.190.60

Adjusted earnings per diluted share*1.841.14

Net cash provided by operating activities290402

*For non-core and unusual items excluded from adjusted earnings and for adjusted provision for income taxes, segment adjusted EBIT margins, and net debt, reconciliations to reported company and segment earnings and total borrowings for all periods presented in this release, see Tables 3A, 3B, 4A, and 6.

“Eastman delivered solid results amid ongoing global macroeconomic uncertainty and escalation of the Middle East conflict,” said Mark Costa, Board Chair and CEO. “Input costs continued to elevate, and the Eastman team successfully implemented higher sequential price increases in our specialties. We remain on track to implement approximately $500 million of selling price increases in 2026 compared to our expectations from before the Middle East conflict began. In addition, sequential sales volume/mix decreased due to seasonal declines across our key end markets and softening underlying demand in automotive and consumer durables. We also remain confident in the circular platform and are positioned for solid revenue growth this year. In this context, we remained focused on our disciplined approach toward cost savings, and we remain on track to reduce costs by $125 million to $150 million, net of inflation in 2026. We also continue to emphasize the importance of operating cash flow in this dynamic environment.”

Corporate Results 3Q 2026 versus 3Q 2025

Sales revenue increased 8 percent due to 7 percent higher selling prices and 1 percent higher sales volume/mix.

Higher selling prices across the company were primarily driven by higher raw material and distribution costs as well as tight market conditions in Chemical Intermediates due to the ongoing conflict in the Middle East.

EBIT increased primarily due to improved asset utilization after actions to reduce inventory in third quarter 2025, including lower planned maintenance expense and favorable price-cost. These factors were partially offset by higher variable compensation expense.

Segment Results 3Q 2026 versus 3Q 2025

Advanced Materials – Sales revenue increased 5 percent due to 4 percent higher selling prices and 1 percent favorable foreign currency exchange rates.

Higher selling prices in specialty plastics were due to higher raw material and distribution costs. Sales volume/mix was unchanged as increases in specialty plastics and advanced interlayers were offset by lower sales volume/mix in performance films.

EBIT increased due to substantially improved asset utilization and lower planned maintenance costs.

Additives & Functional Products – Sales revenue increased 9 percent due to 10 percent higher selling prices partially offset by 1 percent lower sales volume/mix. Higher selling prices were due to cost-pass-through contracts adjusting to higher raw material and distribution costs.

EBIT increased due to improvement in both price-cost and asset utilization.

Fibers – Sales revenue was unchanged as 4 percent higher sales volume/mix was offset by 4 percent lower selling prices. Acetate tow volume was similar to last year.

Higher sales volume/mix was due to increased sales of textiles and acetyl chemical products. Lower selling prices were due to lower acetate tow contract pricing.

EBIT decreased due to lower acetate tow contract pricing and increased raw material and distribution costs.

Chemical Intermediates – Sales revenue increased by 16 percent due to 12 percent higher selling prices and 4 percent higher sales volume/mix.

Higher selling prices and higher sales volume/mix, particularly for olefin and derivative products,

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EX-99.01

2 ex99_0120260331cctables.htm

EX-99.01 Q1 2026 EARNINGS RELEASE

Document

Exhibit 99.01

Eastman Announces First-Quarter 2026 Financial Results

KINGSPORT, Tenn., April 30, 2026 – Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2026 financial results.

•Delivered strong sequential sales volume/mix improvement of >10 percent in specialty businesses

•Implementing ~$500 million of price increases across the portfolio to offset substantial raw material and distribution inflation

•Leveraging our integrated U.S.-based assets and global reach to be a reliable supplier to our customers amid a dynamic global environment

•On track with methanolysis facility revenue acceleration and ~$30 million of incremental earnings

•Drove 240 basis points of sequential adjusted EBIT margin improvement through improved sales volumes and disciplined price-cost management

•Maintained strong momentum towards key financial priorities, including year-over-year earnings growth, our $125 million to $150 million of cost savings and our cash flow targets

(In millions, except per share amounts; unaudited) 1Q20261Q2025

Sales revenue$2,177$2,290

Earnings before interest and taxes ("EBIT")188302

Adjusted EBIT*200311

Earnings per diluted share 0.931.57

Adjusted earnings per diluted share*1.091.91

Net cash used in operating activities (137)(167)

*For non-core and unusual items excluded from adjusted earnings and for adjusted provision for income taxes, segment adjusted EBIT margins, and net debt, reconciliations to reported company and segment earnings and total borrowings for all periods presented in this release, see Tables 3A, 3B, 4A, and 6.

“We delivered a solid first quarter that was in line with our expectations for both earnings and cash flow,” said Mark Costa, Board Chair and CEO. “I am proud of the way we took immediate steps to position our company to create opportunities and navigate yet another significant disruption in our industry. As global markets reacted to the conflict in the Middle East, the Eastman team quickly took decisive actions to secure supply for crucial raw materials, adjust prices where necessary, and partner with our customers to help them navigate this uncertainty. Sales volume/mix increased 10 percent sequentially as demand improved due to normal seasonality and reduced caution from customers after year-end inventory management. Altogether, volumes built momentum through the end of the quarter and continue to be strong. We also made solid progress in the commercial ramp up of the Kingsport methanolysis facility and remain on track for our operational and financial goals.”

Corporate Results 1Q 2026 versus 1Q 2025

Sales revenue decreased 5 percent as 4 percent lower sales volume/mix and 4 percent lower selling prices were offset by a 3 percent favorable foreign currency exchange impact.

Lower sales volume/mix was primarily driven by customer inventory destocking in the acetate tow product line as well as continued weak underlying demand for consumer discretionary end markets. Lower selling prices were due to lower raw material prices and continued weak commodity market conditions in Chemical Intermediates.

EBIT decreased due to lower spreads in Chemical Intermediates, lower sales volume/mix in Fibers, lower asset utilization in Advanced Materials, and increased energy costs across our businesses resulting from Winter Storm Fern. These factors were partially offset by the benefits of continued cost-reduction initiatives and recognition of an expected refund for tariffs paid under the International Emergency Economic Powers Act.

Segment Results 1Q 2026 versus 1Q 2025

Advanced Materials – Sales revenue decreased 1 percent due to 4 percent lower selling prices partially offset by a 3 percent favorable foreign currency exchange impact.

Selling prices declined due to lower raw material prices. Sales volume/mix was unchanged as strong growth in specialty plastics was offset by weakness in performance films due to a soft automotive aftermarket.

EBIT decreased primarily due to substantially lower asset utilization driven by differences in building inventory last year and reducing inventory this year. Price-cost was also modestly lower. These factors were partially offset by continued cost-reduction initiatives.

Additives & Functional Products – Sales revenue increased by 1 percent due to a 4 percent favorable foreign currency exchange impact, partially offset by 2 percent lower selling prices and 1 percent lower sales volume/mix.

Lower selling prices were primarily driven by cost-pass-through contracts. Lower sales volume/mix was primarily due to lower demand for coatings additives in the building and construction end market and a few discontinued products, partially offset by growth in pharma and aviation.

EBIT was relatively unchanged due to a favorable foreign currency exchange impact, mostly offset by modest price declines.

Fibers – Sales revenue decreased by 22 percent