EMN Eastman Chemical Co. featured news, full reports, and detailed charts
Eastman Chemical Co. (EMN) Wrap Up:
Eastman Chemical Company engages in manufacturing and selling chemicals, plastics, and fibers in the United States. The company operates in five segments: Coatings, Adhesives, Specialty Polymers, and Inks (CASPI); Fibers; Performance Chemicals and Intermediates (PCI); Performance Polymers; and the Specialty Plastics (SP). The CASPI segment manufactures liquid vehicles, additives, specialty polymers, and other raw materials that are used in paints and coatings, inks, adhesives, and other formulated products. The Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers used in cigarette filters; Estron natural and Chromspun solution-dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for acetate fiber producers. The PCI segment offers intermediates; performance chemicals; and complex organic molecules, such as diketene derivatives, specialty ketones, and specialty anhydrides for pharmaceutical, fiber, and food and beverage ingredients, which are used in specialty market applications. This segments products are used in various markets and end uses, including agrochemical, automotive, beverages, nutrition, pharmaceuticals, medical devices, toys, photographic and imaging, household products, polymers, textiles, and industrials. The Performance Polymers segment provides polyethylene terephthalate for use in beverage and food packaging, as well as in custom-care and cosmetics packaging, health care and pharmaceutical uses, household products, carpet fibers, and industrial packaging applications. The SP segment offers cellulosic plastics and specialty copolyesters, which are used in specialty packaging, in-store fixtures and displays, consumer and durable goods, medical goods, personal care and consumer packaging, photographic film, optical film, fibers/nonwovens, tapes/labels, and LCDs. The Company was founded in 1920 and is headquartered in Kingsport, Tennessee.Eastman Chemical Co. (EMN:NYSE)
Snapshot of Eastman Chemical Co. (EMN)
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OPEN
$58.22
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PREVIOUS CLOSE
$58.73
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DAY HIGH
$58.95
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DAY LOW
$57.77
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52 WEEK HIGH
11/17/09 - $60.45
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52 WEEK LOW
03/6/09 - $17.76
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MARKET CAP
4.3B
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AVERAGE VOLUME 3 mo
1.3M
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DILUTED EPS TTM
$2.26
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SHARES OUTSTANDING
72.7M
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EX-DATE
09/10/09
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P/E TTM
26.0x
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DIVIDEND
$1.76
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DIVIDEND YIELD
3.00%
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| K = Thousands M = Millions B = Billions | ||
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EMN Top Compensated Officers
Executives, Board Directors
Key developments for Eastman Chemical Co. (EMN)
To provide an update on the company's plans for growth
Eastman Chemical Co. reported net debt as on September 30, 2009. As on the date, the company's net debt stands at $773 million. The company provided earnings guidance for the fourth quarter and full year of 2009. For the quarter, the company expects to build on the $300 million of free cash flow generated. The company expects fourth quarter results to be significantly below third quarter 2009. The company expects its EPS to decline sequentially, but to be slightly above the high-end of the current range of analysts' estimates on first call which is $0.85. For the full year, the company expects to generate greater than $200 million in free cash flow. EPS expected to be above $3.
Eastman Chemical Co. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted sales of $1,337 million compared to $1,819 million for the same period a year ago. Operating earnings were $191 million compared to $174 million for the same period a year ago. Earnings from continuing operations was $101 million or $1.38 diluted per share compared to $100 million or $1.33 per share for the same period a year ago. Net earnings were $101 million or $1.38 diluted per share compared to $100 million or $1.33 per share for the same period a year ago. Additions to properties and equipment were $64 million compared to $153 million for the same period a year ago. Net cash provided by operating activities was $331 million compared to $214 million for the same period a year ago. For the nine months, the company has posted sales of $3,719 million compared to $5,380 million for the same period a year ago. Operating earnings were $347 million compared to $514 million for the same period a year ago. Earnings from continuing operations was $168 million or $2.29 diluted per share compared to $330 million or $4.27 per share for the same period a year ago. Net earnings were $168 million or $2.29 diluted per share compared to $348 million or $4.50 per share for the same period a year ago. Additions to properties and equipment were $268 million compared to $430 million for the same period a year ago. Net cash provided by operating activities was $668 million compared to $293 million for the same period a year ago. The company generated $304 million of positive free cash flow (cash from operations less capital expenditures and dividends) through the first nine months of 2009. The company expects fourth-quarter 2009 earnings per share to decline sequentially, but to be slightly above the high end of analysts' estimates on First Call, which is $0.85 per share.
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| UCB | €30.60 EUR | -0.205 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | EMN | Industry Range |
| Price/Earnings | 25.9x |
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| Price/Sales | 0.8x |
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| Price/Book | 2.6x |
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| Price/Cash Flow | 25.7x |
Not meaningful
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| TEV/Sales | 0.4x |
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EMN transactions
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| No transactions in the last 6 months. | ||