Eastman Q2 Sales Rise 10% as Chemical Intermediates Jump 39%
Eastman Chemical Co. reported second-quarter sales of $2.51 billion, up 10% from $2.29 billion a year earlier. Adjusted earnings before interest and taxes increased to $320 million from $275 million, while adjusted earnings per share rose to $1.97 from $1.60.
Additives & Functional Products sales increased 5%, primarily because of 4% higher selling prices tied largely to cost-pass-through contracts. Segment earnings were relatively unchanged as improved price-cost conditions, favorable currency effects and cost reductions offset higher planned maintenance expenses.
Advanced Materials sales increased 5%, while Chemical Intermediates sales rose 39%. Eastman attributed the Chemical Intermediates increase to higher volume availability, supply disruptions and higher selling prices, particularly for olefin and derivative products.
The company remains on track to reduce costs by $125 million to $150 million, net of inflation. It now expects 2026 operating cash flow to approach $900 million, modestly below its previous expectation, and projects third-quarter adjusted earnings per share near the second-quarter level of $1.97.
Read the full Eastman results.
Pricing in Eastman’s Additives & Functional Products business shows how higher raw material and distribution costs are moving through the supply chain.
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