Eastman Chemical reported third-quarter results; sales rose 8% year over year and adjusted EBIT rose 45%, which lifted margin 4 points to 13%. Eastman also announced that the Department of Energy has reinstated its $375 million grant for a 30% expansion of the Kingsport molecular recycling facility.
Eastman is well-positioned to meet evolving chemical demands in auto with window interlayers and specialty plastics through its best-in-class patented products.
Acetate tow supply will be added by competitors that are agnostic to returns, forcing Eastman to rationalize further capacity.
Metric | EMN | CE | DD |
|---|---|---|---|
Price/Earnings (Normalized) | 13.22 | 9.21 | 22.44 |
Price/Book Value | 1.19 | 1.27 | 1.53 |
Price/Sales | 0.83 | 0.55 | 4.01 |
Price/Cash Flow | 5.43 | 6.38 | 72.67 |
Metric | EMN | CE | DD |
|---|---|---|---|
Quick Ratio | 0.75 | 0.68 | 1.68 |
Current Ratio | 1.57 | 1.26 | 2.36 |
Interest Coverage | 3.89 | 1.41 | 4.10 |
Metric | EMN | CE | DD |
|---|---|---|---|
Return on Assets (Normalized) | 4.29% | 1.86% | 3.90% |
Return on Equity (Normalized) | 10.83% | 9.82% | 6.13% |
Return on Invested Capital (Normalized) | 7.67% | 5.18% | 5.02% |
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