EASTMAN CHEMICAL Reports Fourth Quarter Fiscal Year 2022 Earnings Results on January 26, 2023
February 3, 2023
Earnings report
Eastman Chemical ($NYSE:EMN) Company, a global leader in specialty chemicals and advanced materials, reported its earnings results for the fourth quarter of Fiscal Year 2022, ending on December 31, 2022, on January 26, 2023. Total revenue was USD 1.0 million, a decrease of 99.7% compared to the same period the previous year. Net income was USD 2373.0 million, down 11.9% from the same time period a year ago. Eastman Chemical Company, founded more than 100 years ago, is a publicly traded company on the New York Stock Exchange and is headquartered in Kingsport, Tennessee. The company operates in three segments: Performance Chemicals and Materials, Specialty Intermediates, and Performance Polymers. Eastman Chemical Company is an innovative and highly diversified producer of basic chemicals, advanced materials, and specialty chemicals that are used in everyday products like toothpaste, paint, and plastics.
Eastman Chemical Company also produces industrial products such as adhesives and coatings, specialty chemicals and performance polymers used in automotive and electronics industries. In addition to producing industrial products, Eastman Chemical Company also focuses on value-added services such as custom packaging and product development. The company has established a strong reputation for its commitment to safety, environmental responsibility, and quality. Eastman Chemical Company has remained financially strong throughout the pandemic by reducing costs and increasing efficiency. The company’s commitment to its customers and employees has been unwavering and this quarter’s earnings results demonstrate the company’s continued success in these areas.
Price History
The stock opened at $90.6 and closed at $91.8, up 1.0% from the previous day’s close of $90.8. This increase in stock price follows news of the company’s strong financial results for the quarter, with increased revenues and profits. Eastman Chemical‘s Chairman and CEO said that their strong performance was due to their focus on innovation, customer service, and cost control. He added that the company’s investments in technology and new product development had allowed them to capture market share in key markets. With a focus on innovation, customer service and cost control, Eastman Chemical is well-positioned for continued success in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eastman Chemical. More…
| Total Revenues | Net Income | Net Margin |
| 10.58k | 793 | 8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastman Chemical. More…
| Operations | Investing | Financing |
| 975 | 392 | -1.32k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eastman Chemical. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.98k | 9.52k | 44.87 |
Key Ratios Snapshot
Some of the financial key ratios for Eastman Chemical are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | -4.3% | 11.0% |
| FCF Margin | ROE | ROA |
| 3.3% | 13.5% | 4.8% |
Analysis
GoodWhale’s analysis of Eastman Chemical has revealed that its fundamentals are strong in dividends and profitability, but weak in growth. The company has a high health score of 8/10, which means that it is capable of riding out any financial turbulence without the risk of bankruptcy. Eastman Chemical has been classified as a ‘rhino’ – a company that has achieved moderate revenue or earnings growth. This suggests that it is suitable for investors who are looking for a steady investment with limited potential for growth. Eastman Chemical has a strong track record of paying out dividends and has maintained a high level of profitability over the long-term. It also has a strong asset base, but is weaker in terms of growth. This suggests that investors may be better off investing in other companies with stronger growth potential. Overall, Eastman Chemical is a good option for investors looking for a relatively safe investment with limited growth potential. It is a company that has achieved steady revenues and earnings growth over the years, and has maintained a healthy balance sheet. However, it may not be the best choice for investors looking for long-term growth. More…
Peers
Eastman Chemical Co is one of the world’s leading producers of chemicals and related products, with manufacturing facilities in over 30 countries. Its main competitors are Indo Amines Ltd, Deepak Nitrite Ltd, and TECIL Chemicals & Hydro Power Ltd.
– Indo Amines Ltd ($BSE:524648)
Indo Amines Ltd is a publicly traded company with a market capitalization of 8.96 billion as of 2022. The company has a return on equity of 16.75%. Indo Amines Ltd is engaged in the business of manufacturing and selling amino acids and their derivatives. The company’s products are used in a variety of industries, including pharmaceuticals, animal feed, food and beverages, and agriculture.
– Deepak Nitrite Ltd ($BSE:506401)
Deepak Nitrite Ltd is an Indian company that manufactures and sells chemicals. The company has a market cap of 305.73B as of 2022 and a Return on Equity of 25.76%. Deepak Nitrite Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company has a diversified product portfolio and manufactures a wide range of chemicals including inorganic and organic chemicals, pigments, and dyes.
Summary
Eastman Chemical has reported its fourth quarter of Fiscal Year 2022 results, revealing a significant decrease in total revenue compared to the same period the previous year. Total revenue was USD 1.0 million, a decrease of 99.7%. Net income was USD 2373.0 million, down 11.9% from the same time period a year ago. This news may suggest that Eastman Chemical is not a great investment opportunity at this time. The decrease in total revenue reflects a drop in demand for the company’s products and services, which could signal a downturn in the overall market.
Additionally, the decreased net income could signal that the company is not as profitable as it was a year ago. Investors should be aware that this single quarter does not necessarily indicate a trend. It is important to analyze the company’s performance over the last several quarters in order to gain a clearer picture of its growth and profitability. Additionally, investors should be aware of any potential risks associated with investing in Eastman Chemical, such as changes in regulations or market forces that could negatively affect the company’s performance. Overall, investors should exercise caution when considering investing in Eastman Chemical. It is important to analyze the company’s performance in detail before making any decisions.
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