Eastman Chemical Company · NYSE:EMN
Eastman Chemical — Q2 2026 Earnings Presentation
13 slides from Eastman Chemical's earnings presentation, Jul 31, 2026
Slide 1: 2Q 2026 financial results
2Q 2026 financial results July 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: 2Q26 highlights
2Q26 highlights Delivered strong sequential EPS growth and solid cash flow in a dynamic environment through commercial and operational excellence Drove a 350-basis-point sequential adjusted EBIT margin improvement through 8% higher sales volume/mix and disciplined price-cost management in AM and AFP
Slide 4: Corporate
Corporate $M (except EPS) 2Q26 2Q25 1Q26 2Q26 vs. 2Q25 EBIT highlights Revenue 2,513 2,287 2,177 • Favorable volume/mix in Advanced Materials and Chemical Intermediates partially offset by Adjusted EBIT 320 275 200 Fibers Adjusted EBIT margin 12.7% 12.0% 9.2% • Higher selling prices in the specialti
Slide 5: Advanced Materials
Advanced Materials $M 2Q26 2Q25 1Q26 2Q26 vs. 2Q25 EBIT highlights • Solid volume/mix growth across the segment Revenue 817 777 715 Adjusted EBIT 109 121 69 • Selling prices were flat as increases in specialty plastics were offset by modestly lower pricing in Adjusted EBIT margin 13.3% 15.6% 9.7% ad
Slide 6: Strategic momentum continues in circular platform
Strategic momentum continues in circular platform Delivering strategic growth • Renew revenue in 1H26 doubled over 1H25 • Majority of growth in durables and cosmetics with beverage packaging continuing ramp into second half Diversity of value propositions • Sustainability feature helping customers w
Slide 7: Additives & Functional Products
Additives & Functional Products $M 2Q26 2Q25 1Q26 2Q26 vs. 2Q25 EBIT highlights Revenue 807 769 739 • Improved price-cost due to cost-pass-through contracts Adjusted EBIT 151 153 142 Adjusted EBIT margin 18.7% 19.9% 19.2% • EBIT relatively unchanged as favorable price-cost was offset by higher plann
Slide 8: Fibers
Fibers $M 2Q26 2Q25 1Q26 2Q26 vs. 2Q25 EBIT highlights Revenue 243 274 225 • Continued customer inventory destocking in acetate tow Adjusted EBIT 36 81 45 • Decline in textiles due to weak end-market demand Adjusted EBIT margin 14.8% 29.6% 20.0% • Modestly lower acetate tow contract selling prices a
Slide 9: Chemical Intermediates
Chemical Intermediates $M 2Q26 2Q25 1Q26 2Q26 vs. 2Q25 EBIT highlights Revenue 643 463 495 • Higher sales volume/mix was driven by Adjusted EBIT 58 -30 -18 increased volume availability Adjusted EBIT margin 9.0% -6.5% -3.6% • Significantly higher spreads driven by supply disruptions Revenue change %
Slide 10: With Middle East conflict persisting, our playbook remains unchanged
With Middle East conflict persisting, our playbook remains unchanged Remain on track to implement ~$500M of price increases A reliable, U.S.-based supplier • Leveraged our asset footprint and • Successfully offset cost increases global reach to keep our in specialties and increased customers supplie
Slide 11: 2026 outlook
2026 outlook Tailwinds vs 2025 Headwinds/uncertainties vs 2025 • Innovation-driven growth model is the primary driver of • Consumer discretionary end-market demand continues to be growth across the specialties, including from the Kingsport challenged: methanolysis facility • Automotive OEM productio
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: $87/barrel in 1H; $80 - $100/barrel in 2H; previously $100-$110/barrel • Share repurchases: $50 million-$100 million; previously $100 million-$200 million Unchanged from prior guidance • Interest expense:
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