Eastman Chemical Company is one of America’s leading manufacturers of chemicals, fibers and plastics materials.
The company, based in Kingsport, Tennessee, is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘EMN’.
Eastman has a presence in over 100 countries and employs approximately 14,000 people around the world.
It operates more than 40 manufacturing locations and several sales offices.
The company’s major end markets are: transportation, building and construction, consumables, tobacco, industrials and chemicals processing, durables, health and wellness.
Eastman has five main business segments: Additives and Functional Products, Adhesives and Plasticizers, Advanced Materials, Fibers, and Specialty Fluids and Intermediates.
It has a broad portfolio of products, including: acetate yarn, acids and anhydrides, additives for inks, additives for paint, adhesion promoters, aldehydes, amorphous polyolefins, antidegradants, aviation hydraulic fluids, cellulose esters, cellulosics, coaslescents, copolysters, diketene derivatives, electronic chemicals, fibers, food-grade antioxidants, functionalized polyolefins, heat transfer fluids, hydrocarbon resins, hydrogenated hydrocarbon resins, hydrogenated pure monomer resins, hydroquinone and derivatives, insoluble sulfur, nitriles, performance additives, pharmaceutical chemicals, pharmaceutical excipients, plasticizers, polyethylene terephthalate (PET), polymer additives, polyvinyl butyral (PVB), process fluids, pure monomer resins, resin dispersions, resin intermediates, rosin resins, solvents, sucrose acetate isobutyrate, tall oil and fatty acid derivatives, thermoplastic elastomer, water-dispersible polyester, and water-dispersible polymers.
Eastman was founded in 1920 by George Eastman. It began with two major platforms – organic chemicals and acetyls.
- CEO: Mark J. Costa
- CFO: Curtis E. Espeland
- Chairman: James P. Rogers
- Type: Public
- Industry: Chemicals and Plastics
- Publicly listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: EMN
- Revenue: $9.350 billion USD (2013)
- Net income: $1.172 billion USD (2013)
- Diluted earnings per share: $7.44 USD (2013)
- Founded: 1920
- Founder: George Eastman
- Employees: 14,000 (2013)
- Corporate headquarters: 200 South Wilcox Drive, Kingsport, Tennessee, USA
- Corporate contact number: +1 (423) 229-2000
- Investor relations contact number: +1 (212) 835-1620
- Investor relations email address: [email protected]
- Website: http://www.eastman.com/
|Operating data (in $ millions)||2013||2012|
|Cost of sales||$6,574||$6,340|
|Selling, general and administrative expenses||$645||$644|
|Research and development expenses||$193||$198|
|Asset impairments and restructuring charges (gains), net||$76||$120|
|Net interest expense||$180||$143|
|Earnings from continuing operations||$1,172||$443|
|Net earnings attributable to Eastman||$1,165||$437|
|Comprehensive income attributable to Eastman||$1,213||$422|
|Balance sheet data (in $ millions)|
|Total stockholders’ equity||$3,796||$2,943|
|Cash flow data (in $ millions)|
|Net cash provided by operating activities||$1,297||$1,128|
|Net cash used in investing activities||$(457)||$(2,962)|
|Net cash provided by (used in) financing activities||$(859)||$(1,504)|
|Cash and cash equivalents at end of period||$237||$249|
|Common share data (in $)|
|Basic earnings (loss) per common share||$7.57||$3.00|
|Diluted earnings (loss) per common share||$7.44||$2.93|
Source: “Eastman Chemical Company 2013 FORM 10-K Annual Report”