Eastman Q2 2026 adjusted EPS beats view as volume/mix gains lift margins, company says
EMN•Outlook for cash flow and Q3 earnings
Full-year operating cash flow outlook was moderated to about $900 million on higher receivables; Q3 adjusted EPS projected to approach $1.97.
Q2 adjusted EPS and margins beat outlook
Eastman posted Q2 2026 adjusted EPS of $1.97, beating its $1.70-$1.90 outlook as adjusted EBIT margin rose 350 bps sequentially.
Revenue rose 15% vs. Q1 on 8% volume/mix growth and a 7% price increase; tighter markets lifted Chemical Intermediates spreads.
Volume, pricing and cost actions support results
Specialty segments cited share gains and innovation-led demand; price actions offset higher raw material and distribution costs tied to Middle East disruptions.
Inventory was cut by about $50 million to balance raw material buys for supply security; cost actions progressed toward the $125 million-$150 million savings target.
