Eastman Announces Third-Quarter 2026 Financial Results
Key Highlights
- ➤Q3 sales revenue $2.385 billion, up 8% year over year
- ➤Q3 adjusted EPS $1.84, versus $1.14 in Q3 2025
- ➤Full-year 2026 adjusted EPS outlook $6.00-$6.20
- ➤Full-year 2026 operating cash flow projected at approximately $850 million
- ➤DOE reinstated $375 million award supports circular platform scale-up
Expert Statements
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“Eastman delivered solid results amid ongoing global macroeconomic uncertainty and escalation of the Middle East conflict.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“Input costs continued to elevate, and the Eastman team successfully implemented higher sequential price increases in our specialties.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“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.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“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.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“We also remain confident in the circular platform and are positioned for solid revenue growth this year.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“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.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“We also expect to release working capital in the fourth quarter.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“We expect to deliver a solid full-year performance in both earnings and cash flow, despite a challenging macroeconomic environment and the escalation of the Middle East conflict.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“In particular, the Middle East conflict has led to higher raw material and distribution costs and increasing interest rates.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“We expect sequential demand declines with normal seasonality and some additional customer caution somewhat offset by innovation-driven growth.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“In this context, we are highly focused on delivering growth in our circular platform and driving innovation across our specialty businesses.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“We also expect an increase in acetate tow sales volume in Fibers, as customers meet annual contract commitments.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“Given the acceleration of raw material and distribution costs through this quarter, we are taking additional price actions across the company.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“We expect to have higher planned shutdown costs in the fourth quarter, which will be partially offset by a continuation of cost actions through the year.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“When putting these factors together, we project adjusted earnings per share for full-year 2026 to be between $6.00 and $6.20 and operating cash flow to be approximately $850 million.”
Mark Costa, Board Chair and CEO of Eastman Chemical Company
“These results demonstrate the value of our innovation-driven growth model and our ability to deliver solid earnings growth in an uncertain macroeconomic environment.”
Eastman Chemical Company (NYSE:EMN) announced its third-quarter 2026 financial results.
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