Eastman Chemical (EMN) Lowers Q3 Guidance

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Go back to Eastman Chemical (EMN) Lowers Q3 Guidance

Eastman Provides Update on Third-Quarter 2022 Financial Results

September 13, 2022 7:30 AM EDT

KINGSPORT, Tenn.--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE: EMN) provided an update on its third-quarter 2022 financial results.

Third-quarter 2022 adjusted earnings per share (EPS) are expected to be approximately $2.00. Previous expectations were for solid growth compared to third-quarter 2021 adjusted EPS of $2.46.

There are three main factors negatively impacting our volume and product mix in the third quarter, said Mark Costa, Board Chair and CEO. While demand across some end markets, including agriculture and personal care, is demonstrating resilience, demand has slowed more than expected in August and September, in particular in the... More