Eastman Chemical Company · NYSE:EMN
Eastman Chemical — Q1 2026 Earnings Presentation
14 slides from Eastman Chemical's earnings presentation, May 1, 2026
Slide 1: 1Q 2026 financial results
1Q 2026 financial results April 30, 2026
Slide 2: Prepared remarks and forward-looking statements
Prepared remarks These slides should be reviewed with the accompanying prepared remarks posted on our website. Forward-looking statements The information in this release and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation
Slide 3: 1Q26 highlights
1Q26 highlights Delivered strong sequential sales volume/mix improvement of >10% in specialty businesses Implementing ~$500 million of price increases across the portfolio to offset substantial raw material and distribution inflation Leveraging our integrated U.S.-based assets and global reach to be
Slide 4: Well-positioned to navigate significant disruption created by the Middle East conflict
Well-positioned to navigate significant disruption created by the Middle East conflict U.S.-based asset footprint Moved quickly to announce positions Eastman as a reliable price increases supplier • Expect to offset cost increases in • Potential volume upside from specialties and increase spreads in
Slide 5: Corporate
Corporate $M (except EPS) 1Q26 1Q25 4Q25 1Q26 vs. 1Q25 EBIT highlights Revenue 2,177 2,290 1,973 • Lower sales volume/mix was primarily driven by customer inventory destocking in the acetate tow Adjusted EBIT 200 311 134 product line as well as continued weak underlying Adjusted EBIT margin 9.2% 13.
Slide 6: Advanced Materials
Advanced Materials $M 1Q26 1Q25 4Q25 1Q26 vs. 1Q25 EBIT highlights • Strong growth in specialty plastics from new application Revenue 715 719 656 wins and the end of customer inventory destocking Adjusted EBIT 69 116 59 • Weakness in performance films driven by a soft Adjusted EBIT margin 9.7% 16.1%
Slide 7: Circular platform delivering growth and earnings in challenging market
Circular platform delivering growth and earnings in challenging market Accelerating growth momentum • Remain on track to deliver 4%-5% revenue growth in Advanced Materials and ~$30M incremental earnings in 2026 • 1Q was another record for new business wins in durables, cosmetics, and beverage packag
Slide 8: Additives & Functional Products
Additives & Functional Products $M 1Q26 1Q25 4Q25 1Q26 vs. 1Q25 EBIT highlights Revenue 739 733 662 • Lower sales volume/mix was primarily due to lower demand for coatings additives in the Adjusted EBIT 142 141 94 building and construction end market and a few Adjusted EBIT margin 19.2% 19.2% 14.2%
Slide 9: Fibers
Fibers $M 1Q26 1Q25 4Q25 1Q26 vs. 1Q25 EBIT highlights Revenue 225 288 234 • Substantially lower sales volume/mix driven by: Adjusted EBIT 45 88 49 • continued customer inventory destocking in acetate tow Adjusted EBIT margin 20.0% 30.6% 20.9% • impact of the conflict in the Middle East, resulting i
Slide 10: Chemical Intermediates
Chemical Intermediates $M 1Q26 1Q25 4Q25 1Q26 vs. 1Q25 EBIT highlights Revenue 495 545 418 • In January and February, spread compression and Adjusted EBIT -18 19 -28 lower volume/mix due to: • Weak end-market demand in North America Adjusted EBIT margin -3.6% 3.5% -6.7% • Heightened competitive acti
Slide 11: 2026 outlook
2026 outlook Tailwinds vs 2025 Headwinds/uncertainties vs 2025 • Middle East conflict is expanding spreads in Chemical • Consumer discretionary end-market demand continues to be Intermediates and has potential share upside in the specialties challenged: • Specialty price increases expected, keeping
Slide 12: Appendix
Appendix 12
Slide 13: FY2026 underlying assumptions and modeling items
FY2026 underlying assumptions and modeling items Updated from prior guidance • Brent crude oil: $100—$110/barrel, previously $60—$70/barrel • Energy costs elevated in 1H26, forward curve in 2H lower than previous expectations • Corporate ‘Other’ adjusted Loss Before Interest and Taxes: $140million -
Slide 14: 2026 quarterly forecasted change in planned manufacturing maintenance shutdown cost by segment
2026 quarterly forecasted change in planned manufacturing maintenance shutdown cost by segment, year-over-year and sequential Unchanged from January 1Q26 2Q26 3Q26 4Q26 FY26 vs 1Q26 vs 2Q26 vs 3Q26 vs 4Q26 vs y/y y/y y/y y/y FY25 4Q25 1Q26 2Q26 3Q26 Advanced Materials 5 0 15 -5 15 5 -5 5 -10 Additiv
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