November (2021)
Flexsys: One Rock Capital Partners Completes Acquisition of Eastman's Tire Additives Business and Renames Company Flexsys Link...
One Rock Capital Partners, LLC has completed the acquisition of Eastman Chemical Company's tire additives business and ahs renamed the company Flexsys as a tribute to the legacy name of the business.
October (2021)
Eastman: 2021 Q3 Results Link...
Eastman have now exited the rubber chemicals business. RCCL is no longer tracking Eastman. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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Additives Functional Products | Sales Revenue | 2021/3 | 997.0 | 742.0 | 34.4 | 1 |
Eastman: Selling Adhesive Resins Business Product Lines Link...
Eastman Chemical Company has entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc. The sale consists of hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines. The business is currently part of Eastman's Additives & Functional Products segment. Eastman recently divested the tire addtives business as part of their initiative to improve the performance of the Addititves & Functional Products segment.
August (2021)
Eastman: 2021 Q2 Results Link...
Eastman: Strong demand recovery for AFP with 23% volume growth and 9% increase in selling prices due to raw material costs. Eastman has entered into a definitive agreement with an affiliate of One Rock Capital Partners to sell products and related assests of its tire additives business including Crystex™ insoluble sulfur and Santoflex™ antidegradants. The sale does not include Impera™ and other performance resins product lines. Revenue for the tire additives product line represented 14 percent of Additives & Functional Products segment revenue in 2020. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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All Segments | Sales Revenue | 2021/2 | 2653.0 | 1924.0 | 37.9 | | All Segments | adjEBIT | 2021/2 | 454.0 | 195.0 | 132.8 | | All Segments | EBIT | 2021/2 | -56.0 | 54.0 | -203.7 | 1 | All Segments | Net Margin | 2021/2 | -144.0 | 30.0 | -580.0 | | Additives Functional Products | Sales Revenue | 2021/2 | 925.0 | 685.0 | 35.0 | 2 | Additives Functional Products | adjEBIT | 2021/2 | 132.0 | 72.0 | 83.3 | | Additives Functional Products | EBIT | 2021/2 | -368.0 | -56.0 | -557.1 | 3 |
June (2021)
Eastman: Selling Tire Additives Business Product Lines Link...
Eastman has entered into a definitive agreement with an affiliate of One Rock Capital Partners to sell certain rubber addtives of its Additives & Functional Products (AFP) segment. The sale includes Crystex™ insoluble sulfur and Santoflex™ antidegradants and other related assets and technology of the AFP segment. The sale does not include performance resin product lines of the tire additives business.
April (2021)
Eastman: 2021 Q1 Results Link...
Eastman: AFP Segment: Recovery in transportation end markets excluding aviation. Higher raw material and distribution costs. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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All Segments | Sales Revenue | 2021/1 | 2409.0 | 2241.0 | 7.5 | | All Segments | adjEBIT | 2021/1 | 400.0 | 382.0 | 4.7 | | All Segments | EBIT | 2021/1 | 389.0 | 368.0 | 5.7 | | All Segments | Net Margin | 2021/1 | 277.0 | 258.0 | 7.4 | | Additives Functional Products | Sales Revenue | 2021/1 | 871.0 | 822.0 | 6.0 | 1 | Additives Functional Products | adjEBIT | 2021/1 | 137.0 | 149.0 | -8.1 | | Additives Functional Products | EBIT | 2021/1 | 135.0 | 143.0 | -5.6 | |
January (2021)
Eastman: 2020 Q4 Results Link...
Eastman: AFP Segment: The decline in price was mostly due to lower raw material prices and competitive pressure in product lines constituting about one-third of AFP segment revenues (including adhesives and tire additives) that are under strategic review. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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All Segments | Sales Revenue | 2020/4 | 2186.0 | 2205.0 | -.9 | | All Segments | adjEBIT | 2020/4 | 329.0 | 279.0 | 17.9 | | All Segments | EBIT | 2020/4 | 76.0 | 62.0 | 22.6 | | All Segments | Net Margin | 2020/4 | 34.0 | 26.0 | 30.8 | | Additives Functional Products | Sales Revenue | 2020/4 | 773.0 | 763.0 | 1.3 | 1 | Additives Functional Products | adjEBIT | 2020/4 | 118.0 | 109.0 | 8.3 | |
October (2020)
Eastman: 2020 Q3 Results Link...
Eastman: Strong recovery in Q3 2020 with asset utilisation rates increasing significantly. Cost reductions in Q3 were around $50 million YoY. Cost reductions continue including supply chain optimisation, digitisation and productivity improvements. AFP segment volumes increased 8% QoQ, pricing for tire additives were impacted YoY due to increased competition. Cost pass through contracts also contributed to lower selling prices. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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All Segments | Sales Revenue | 2020/3 | 2122.0 | 2325.0 | -8.7 | | All Segments | EBIT | 2020/3 | 243.0 | 367.0 | -33.8 | | All Segments | Net Margin | 2020/3 | 165.0 | 267.0 | -38.2 | | Additives Functional Products | Sales Revenue | 2020/3 | 742.0 | 832.0 | -10.8 | 1 | Additives Functional Products | EBIT | 2020/3 | 107.0 | 144.0 | -25.7 | |
August (2020)
Eastman: 2020 Q2 Results Link...
Eastman: Increasing actions to structurally reduce costs by > $200MM by end 2022. Short-term cost management actions on track for approx. $150 MM savings in 2020. Leveraging diverse portfolio and innovation pipeline. Site optimisation (including closure and portfolio optimisation) in progress for AFP segment which is impacting some tire product lines. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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All Segments | Sales Revenue | 2020/2 | 1924.0 | 2363.0 | -18.6 | | All Segments | adjEBIT | 2020/2 | 195.0 | 389.0 | -49.9 | | All Segments | EBIT | 2020/2 | 54.0 | 371.0 | -85.4 | | All Segments | Net Margin | 2020/2 | 30.0 | 259.0 | -88.4 | | Additives Functional Products | Sales Revenue | 2020/2 | 685.0 | 823.0 | -16.8 | 1 | Additives Functional Products | adjEBIT | 2020/2 | 72.0 | 147.0 | -51.0 | |
May (2020)
Eastman: 2020 Q1 Results Link...
Eastman: Robust results in a challenging environment due to diverse market coverage. Prospects for Q2 sales revenue: highly impacted sectors (auto, tire, aviation) will be down about 40%, mixed impact sectors (construction, durables, electronics, industrial chemicals) will be down about 15% with resilient sectors (consumables, medical, food, personal care, water treatment, tabacco) at similar prior period levels. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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All Segments | Sales Revenue | 2020/1 | 2241.0 | 2380.0 | -5.8 | 1 | All Segments | EBIT | 2020/1 | 368.0 | 320.0 | 15.0 | | All Segments | Net Margin | 2020/1 | 258.0 | 209.0 | 23.4 | | Additives Functional Products | Sales Revenue | 2020/1 | 822.0 | 855.0 | -3.9 | 2 | Additives Functional Products | EBIT | 2020/1 | 143.0 | 146.0 | -2.1 | |
February (2020)
Eastman: 2019 FY and Q4 Results Link...
Eastman: Additives & Functional Products (AFP) revenue decreased due to lower volumes, selling prices and unfavourable forex. EBIT decreased due to lowers sales volume, product mix and forex. 2020 outlook includes 1/3rd of AFP identified for improvement actions (further details to follow) as part of site and/or portfolio optimisation. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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All Segments | Sales Revenue | 2019 | 9273.0 | 10151.0 | -8.6 | | All Segments | adjEBIT | 2019 | 1389.0 | 1633.0 | -14.9 | | All Segments | EBIT | 2019 | 1120.0 | 1552.0 | -27.8 | | All Segments | Net Margin | 2019 | 759.0 | 1084.0 | -30.0 | | Additives Functional Products | Sales Revenue | 2019 | 3273.0 | 3647.0 | -10.3 | 1 | Additives Functional Products | adjEBIT | 2019 | 550.0 | 671.0 | -18.0 | | Additives Functional Products | EBIT | 2019 | 496.0 | 639.0 | -22.4 | | All Segments | Sales Revenue | 2019/4 | 2205.0 | 2376.0 | -7.2 | | All Segments | adjEBIT | 2019/4 | 279.0 | 276.0 | 1.1 | | All Segments | EBIT | 2019/4 | 62.0 | 135.0 | -54.1 | | All Segments | Net Margin | 2019/4 | 26.0 | 35.0 | -25.7 | | Additives Functional Products | Sales Revenue | 2019/4 | 763.0 | 851.0 | -10.3 | 2 | Additives Functional Products | EBIT | 2019/4 | 59.0 | 85.0 | -30.6 | |
October (2019)
Eastman: 2019 Q3 Results Link...
Eastman: Third quarter global economic conditions deteriorated due to escalation of trade disputes. This has impacted the consumer and transportation segments. In the AFP segment, tire related pricing was impacted by competitive pricing pressures. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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All Segments | Sales Revenue | 2019/3 | 2325.0 | 2547.0 | -8.7 | 1 | All Segments | EBIT | 2019/3 | 367.0 | 517.0 | -29.0 | | All Segments | Net Margin | 2019/3 | 267.0 | 412.0 | -35.2 | | Additives Functional Products | Sales Revenue | 2019/3 | 832.0 | 915.0 | -9.1 | 2 | Additives Functional Products | EBIT | 2019/3 | 144.0 | 186.0 | -22.6 | |
July (2019)
Eastman: 2019 Q2 Results Link...
Eastman continuing to experience challenging global economic conditions. Additional pricing pressure in the Functional Additives segment due to increased competition which is affecting the tire additives business. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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All Segments | Sales Revenue | 2019/2 | 2363.0 | 2621.0 | -9.8 | 1 | All Segments | EBIT | 2019/2 | 371.0 | 491.0 | -24.4 | | All Segments | Net Margin | 2019/2 | 259.0 | 344.0 | -24.7 | | Additives Functional Products | Sales Revenue | 2019/2 | 823.0 | 942.0 | -12.6 | 2 | Additives Functional Products | EBIT | 2019/2 | 147.0 | 188.0 | -21.8 | 3 |
May (2019)
Eastman: Expanding Production of Impera™ Performance Resin Production Link...
Eastman Chemical Company is investing in expanded production capabilities for its Impera™ tire performance resins. The expansions are at its Middelburg plant in The Netherlands and Jefferson, Pa in the USA. The expansions support the growth strategy of Eastman's Tire Additives business. Capacity will increase by 10 to 15 percent.
April (2019)
Eastman: 2019 Q1 Results Link...
Eastman: Challenging market conditions persist into Q1 2019 with similar outlook for Q2 2019. Eastman's strategy for innovation-driven growth is helping to provide resiliency moving forward. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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All Segments | Sales Revenue | 2019/1 | 2380.0 | 2607.0 | -8.7 | 1 | All Segments | EBIT | 2019/1 | 320.0 | 409.0 | -21.8 | | All Segments | Net Margin | 2019/1 | 209.0 | 290.0 | -27.9 | | Additives Functional Products | Sales Revenue | 2019/1 | 855.0 | 939.0 | -8.9 | 2 | Additives Functional Products | EBIT | 2019/1 | 146.0 | 176.0 | -17.0 | |
February (2019)
Eastman: 2018 FY and Q4 Results Link...
Eastman: Challenging Q4 2018 conditions expected to persist into Q1 2019. Expected benefits in lower raw material costs as year progresses. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018 | 10151.0 | 9549.0 | 6.3 | 1 | All Segments | EBIT | 2018 | 1552.0 | 1545.0 | .5 | 2 | All Segments | Net Margin | 2018 | 1084.0 | 1474.0 | -26.5 | | Additives Functional Products | Sales Revenue | 2018 | 3647.0 | 3343.0 | 9.1 | 3 | Additives Functional Products | EBIT | 2018 | 639.0 | 646.0 | -1.1 | 4 | All Segments | Sales Revenue | 2018/4 | 2376.0 | 2362.0 | .6 | 5 | All Segments | EBIT | 2018/4 | 135.0 | 268.0 | -49.6 | 6 | All Segments | Net Margin | 2018/4 | 35.0 | 581.0 | -94.0 | | Additives Functional Products | Sales Revenue | 2018/4 | 851.0 | 854.0 | -.4 | | Additives Functional Products | EBIT | 2018/4 | 85.0 | 149.0 | -43.0 | |
October (2018)
Eastman: 2018 Q3 Results Link...
Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018/3 | 2547.0 | 2465.0 | 3.3 | | All Segments | EBIT | 2018/3 | 517.0 | 460.0 | 12.4 | | All Segments | Net Margin | 2018/3 | 412.0 | 324.0 | 27.2 | | Additives Functional Products | Sales Revenue | 2018/3 | 915.0 | 886.0 | 3.3 | 1 | Additives Functional Products | EBIT | 2018/3 | 186.0 | 186.0 | .0 | 2 |
July (2018)
Eastman: 2018 Q2 Results Link...
Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018/2 | 2621.0 | 2419.0 | 8.4 | 1 | All Segments | EBIT | 2018/2 | 491.0 | 420.0 | 16.9 | | All Segments | Net Margin | 2018/2 | 344.0 | 292.0 | 17.8 | | Additives Functional Products | Sales Revenue | 2018/2 | 942.0 | 830.0 | 13.5 | 2 | Additives Functional Products | EBIT | 2018/2 | 188.0 | 159.0 | 18.2 | 3 |
May (2018)
Eastman: Q1 Results Link...
Eastman: 2018 Q1 Tire Additive Sales Volumes Up Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018/1 | 2607.0 | 2303.0 | 13.2 | | All Segments | EBIT | 2018/1 | 409.0 | 397.0 | 3.0 | | All Segments | Net Margin | 2018/1 | 290.0 | 278.0 | 4.3 | | Additives Functional Products | Sales Revenue | 2018/1 | 939.0 | 773.0 | 21.5 | 1 | Additives Functional Products | EBIT | 2018/1 | 176.0 | 152.0 | 15.8 | |
February (2018)
Eastman: 2017 Full Year and Q4 Results Link...
Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017 | 9549.0 | 9008.0 | 6.0 | | All Segments | EBIT | 2017 | 1545.0 | 1383.0 | 11.7 | | All Segments | Net Margin | 2017 | 1474.0 | 854.0 | 72.6 | | Additives Functional Products | Sales Revenue | 2017 | 3343.0 | 2979.0 | 12.2 | 1 | Additives Functional Products | EBIT | 2017 | 646.0 | 601.0 | 7.5 | 2 | All Segments | Sales Revenue | 2017/4 | 2362.0 | 2188.0 | 8.0 | | All Segments | Net Margin | 2017/4 | 581.0 | 128.0 | 353.9 | | All Segments | EBIT | 2017/4 | 268.0 | 273.0 | -1.8 | | Additives Functional Products | Sales Revenue | 2017/4 | 854.0 | 720.0 | 18.6 | 3 | Additives Functional Products | EBIT | 2017/4 | 149.0 | 120.0 | 24.2 | 4 |
2017 notes:Fourth quarter and twelve months include $112 million net costs for disruption, repairs and reconstruction of the coal gasification facility resulting from the 4 October 2017 incident.
October (2017)
Eastman: Q3 Results Link...
Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Eastman: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017/3 | 2465.0 | 2287.0 | 7.8 | | All Segments | EBIT | 2017/3 | 460.0 | 356.0 | 29.2 | | All Segments | Net Margin | 2017/3 | 324.0 | 233.0 | 39.1 | | Additives Functional Products | Sales Revenue | 2017/3 | 886.0 | 752.0 | 17.8 | 1 | Additives Functional Products | EBIT | 2017/3 | 186.0 | 160.0 | 16.2 | 2 |
1 SR increased due to higher sales volume for most product lines. 2 Operating earnings increased due to higher sales volume.
July (2017)
Eastman: Q2 Results Link...
Eastman operate in four reporting segments. The Additives & Functional Products segment contains tire related materials (resins, antidegradants and sulphur). Eastman: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017/2 | 2419.0 | 2297.0 | 5.3 | | All Segments | EBIT | 2017/2 | 420.0 | 376.0 | 11.7 | | All Segments | Net Margin | 2017/2 | 292.0 | 257.0 | 13.6 | | Additives Functional Products | Sales Revenue | 2017/2 | 830.0 | 770.0 | 7.8 | 1 | Additives Functional Products | EBIT | 2017/2 | 159.0 | 168.0 | -5.4 | 2 |
1 SR increased due to higher sales volume and higher selling price for most product lines. 2 EBIT declined due to higher raw material prices and higher energy costs which more than offset volume and price.
May (2017)
Eastman: 2017 Q1 Results Link...
Eastman operate in four reporting segments. The Additives & Functional Products segment contains tire related materials (resins, antidegradants and sulphur). Eastman: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017/1 | 2303.0 | 2236.0 | 3.0 | | All Segments | EBIT | 2017/1 | 397.0 | 399.0 | -.5 | | All Segments | Net Margin | 2017/1 | 278.0 | 251.0 | 10.8 | | Additives Functional Products | Sales Revenue | 2017/1 | 773.0 | 737.0 | 4.9 | 1 | Additives Functional Products | EBIT | 2017/1 | 152.0 | 153.0 | -.7 | 2 |
1 Increase due to increased volumes across segment. 2 Higher sales volumes offset by higher raw material and energy costs, lower selling prices and unfavourable currency rates.
January (2017)
Eastman: 2016 Full Year and Q4 Results Link...
Eastman: USD Millions Segment | Parameter | Period | 2016 | 2015 | YoY, % | Notes |
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All Segments | Sales Revenue | 2016 | 9008.0 | 9648.0 | -6.6 | | All Segments | Gross Margin | 2016 | 2350.0 | 2580.0 | -8.9 | | All Segments | EBIT | 2016 | 1383.0 | 1384.0 | -0.1 | | Additives Functional Products | Sales Revenue | 2016 | 2979.0 | 2368.0 | 25.8 | 1 | Additives Functional Products | EBIT | 2016 | 601.0 | 462.0 | 30.1 | 2 | All Segments | Sales Revenue | 2016/4 | 2188.0 | 2225.0 | -1.7 | | All Segments | Gross Margin | 2016/4 | 505.0 | 509.0 | -0.8 | | All Segments | EBIT | 2016/4 | 273.0 | 172.0 | 58.7 | | Additives Functional Products | Sales Revenue | 2016/4 | 720.0 | 541.0 | 33.1 | | Additives Functional Products | EBIT | 2016/4 | 120.0 | 97.0 | 23.7 | |
1 Tire 17% of sales. 2 Includes a 10 MM$ one-off restructuring charge. 2016 notes:Beginning Q1 2016 operations are reported in four segments versus five previously. Adhesive resins and speciality fluids have moved to the AFP segment from the previous Speciality Fluids and Intermediates segment.
November (2016)
Eastman Chemicals: 2016 Q3 Results Link...
All Segments: Sales revenue was 2287 MM USD representing a 7% reduction YOY with a net margin of 233 MM USD resulting from a 10% reduction YOY. QOQ sales revenue was flat with margin down 9%.
Adhesives, Functional Products (AFP): Sales revenue was 752 MM USD resulting from a YOY reduction of 5.3% and a QOQ reduction of 2.3%. EBIT was 160 MM USD which is a 9.1% drop YOY and a 4.8% drop QOQ. Sales revenue drop was mainly due to lower selling prices which was partially offset by higher sales volumes. Lower selling prices are attributable to reduced raw material prices and competitive market pressures, particularly in the Asia Pacific region. EBIT decrease was attributable to lower selling prices which reduced faster than raw material price reductions.
August (2016)
Eastman Chemicals: 2016 Q2 Results Link...
All Segments: Sales revenue at 2297 MM USD representing an 9% reduction YOY and a 3% gain QOQ with net margin at 257 MM USD representing a 14% reduction YOY and a 2% gain QOQ.
Adhesives, Functional Products (AFP): Based on the newly introduced segment reporting for 2016 the AFP segment had sales revenue of 770 MM USD with a YOY reduction of 7.2% and an EBIT of 168 MM USD representing a YOY reduction of 5.6%. QOQ sales gained by 4.5% and EBIT gained by 9.8%.
May (2016)
Eastman Chemicals: 2016 Q1 Results Link...
All Segments: Sales revenue at 2236 MM USD down 8% YOY and flat QOQ. Net margin at 251 MM USD up 46% YOY and 101% QOQ.
Additives, Functional Products Segment: Sales revenue at 737 MM USD, based on the new segment reporting (5 segments have been rationalised down to 4 with additional products added to this segment) YOY sales revenues have decreased 8.4% and margin has decreased 2.6%.
March (2016)
Eastman Chemicals: 2015 FY Results Link...
All Segments: Sales revenue was 9648 MM USD showing a 1% YOY growth, with net margin at 1384 MM USD showing a 13% YOY growth.
Additives, Functional Products Segment: Sales revenue was 2368 MM USD showing a 30% YOY growth with segment EBIT at 462 MM USD showing a 40% YOY growth. Growth figures are partially attributable to the full incoroporation of Taminco speciality amines and also reflect reduced earnings in 2014 due to restructuring charges and intangible asses impairment of the insoluble sulphur Crystex tradename.
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