Earnings ·
Eastman Chemical reports Q3 EPS of $2.19, up from $0.60, on higher selling prices
EMNEastman Chemical Co
Eastman Chemical reported third-quarter 2026 earnings per diluted share of $2.19, a significant increase from $0.60 in the prior-year period. Sales revenue rose 8 percent to $2.385 billion, driven by a 7 percent increase in selling prices that offset seasonal volume declines. Adjusted EPS came in at $1.84 compared to $1.14 last year. The company generated $290 million in operating cash flow and returned $96 million to shareholders through dividends. Management reaffirmed its full-year adjusted EPS guidance of $6.00 to $6.20 and projected approximately $850 million in operating cash flow for 2026, citing cost savings initiatives and price actions that offset higher raw material costs. Eastman Chemical is a global specialty materials company producing products for transportation, construction, and consumables markets.