EASTMAN CHEMICAL CO (EMN)

Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Advanced Material (AM), Additives and Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The AM segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The AFP segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The CI segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fibers segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.

Address

PO BOX 511
KINGSPORT, TN 37660

Founded

1920

Number of Employees

14,000

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$409,984 $102,915 $99,998 $349,639 $149,990 $324,998 $60,003 $899,996 $1,072,606 $150,002 $99,999 $338,194
Average Price $82.90 $69.65 $66.69 $83.55 $96.76 $75.89 $52.91 $111.64 $100.15 $80.35 $100.00 $91.38
# Shares Purchased 4,945,452 1,477,660 1,499,430 4,184,637 1,550,104 4,282,409 1,134,052 8,061,779 10,710,259 1,866,866 1,000,005 3,701,150
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 24.2% 47.9% 54.4% 23.3% 6.4% 35.7% 94.7% -7.7% 2.8% 28.2% 3.0% 12.7%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -157.6% -125.1% -114.1% -106.4% -98.4% -57.4% 19.8% -39.4% -34.4% -3.1% -4.4% -81.2%
Quartile Rank
Percentile Rank 39% 47% 49% 46% 39% 54% 72% 39% 49% 69% 47% 51%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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