Eastman Chemical Q1 revenue falls 5% on weak demand

Eastman Chemical Co

30/04/2026 21:26

Overview

U.S. specialty materials maker's Q1 revenue fell 5% yr/yr on lower volumes and pricing

Adjusted EPS for Q1 declined from prior year

Company cited lower demand in Fibers and Chemical Intermediates as main factors for declines

Outlook

Eastman projects Q2 adjusted EPS of $1.70 to $1.90

Company expects full-year cost reductions of $125 mln to $150 mln, net of inflation

Eastman plans 2026 capital expenditures of about $400 mln

Result Drivers

INVENTORY DESTOCKING & WEAK DEMAND - Co said lower sales volume/mix was primarily due to customer inventory destocking in acetate tow and continued weak demand for consumer discretionary end markets

LOWER SELLING PRICES - Co attributed lower selling prices to reduced raw material prices and weak commodity market conditions in Chemical Intermediates

HIGHER ENERGY COSTS - Co said increased energy costs across businesses resulted from Winter Storm Fern

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$107 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 $78.50, about 11.5% above its April 29 closing price of $70.42

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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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.)