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Research Alert: Eastman Chemical Posts Mixed Q1 Results

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Eastman Chemical posted Q1 adjusted EPS of $1.09, down from $1.91 a year ago, missing our $1.37 estimate but beating the $1.06 consensus. Sales fell 5% to $2.177B amid customer inventory destocking, weak consumer discretionary demand, and Middle East conflict impacts. The company implemented ~$500M in price increases to offset raw material inflation, while the Kingsport methanolysis facility remained on track to deliver ~$30M in incremental full-year earnings. Management maintained its cost-reduction target of $125M-$150M in savings net of inflation for 2026. Adjusted EBIT margin contracted 440 bps to 9.2% as lower volumes and challenging market conditions compressed profitability across most segments, though sequential improvement emerged with specialty business volume/mix rising over 10% and EBIT margins expanding 240 bps from Q4. The company maintained financial flexibility with $665M in cash and a solid investment-grade balance sheet.

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