Eastman Chemical Q2 revenue rises on higher volume, prices

Eastman Chemical

30/07/2026 21:27

Overview
US specialty materials maker's Q2 revenue rose 10% yr/yr on higher volume and prices
Adjusted EPS for Q2 rose to $1.97 from $1.60 a year ago
Company cited strong performance in Advanced Materials and Chemical Intermediates segments

Outlook
Eastman projects Q3 adj EPS to approach Q2 2026 EPS of $1.97
Company expects 2026 operating cash flow to approach $900 mln, below previous expectation
Eastman expects 2026 earnings to improve significantly versus 2025

Result Drivers
VOLUME AND PRICE GAINS - Co said higher sales volume/mix and increased selling prices, especially in Advanced Materials and Chemical Intermediates, drove revenue growth
PRICE-COST MANAGEMENT - Margin improvement attributed to disciplined price-cost management and cost-reduction initiatives
COST REDUCTION INITIATIVES - Cost savings helped offset higher raw material, distribution, and operating costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$184 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Eastman Chemical Co is $79.50, about 18.2% above its July 29 closing price of $67.28
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 28 - Ashland Q3 profit beats on higher volume, pricing; cuts FY EPS forecast
July 30 - Solstice raises full-year forecast on strong refrigerants, electronic materials demand
July 28 - PPG Q2 revenue beats estimates on strength in aerospace, Latin America coatings businesses

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)