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Eastman Chemical EMN Advanced Materials — Inventory Write-down

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Other financials

Income statement

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Revenue$2.2B-4.9%
Gross profit$431.0M-24.0%
Net income$107.0M-41.2%
EPS (diluted)$0.93-40.8%

Balance sheet

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Cash & equivalents$665.0M+59.1%
Total debt$5.2B+4.0%
Total equity$6.0B+2.4%
Total assets$15.2B+1.7%

Cash flow

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Operating cash flow-$137.0M+18.0%
CapEx$103.0M-29.9%
Free cash flow-$240.0M+23.6%

Valuation

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Market cap$8.39B+19.9%
Enterprise value$12.94B+10.6%
P/E21×+12.6×
P/S+0.2×

Profitability

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Gross margin19.8%-5.1pp
Operating margin16%
Net margin4.6%-5.2pp
FCF margin5.8%-0.4pp

Returns & leverage

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Return on equity6.7%-9.4pp
Debt / equity0.9×0.0×
Current ratio1.5×-0.3×

Where this comes from

Reported directly by Eastman Chemical in its filing.

Tagged under the XBRL concept us-gaap:InventoryWriteDown.

The source filing: Eastman Chemical’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 11:58 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000915389-26-000099

(1) First quarter 2026 included severance charges of $3 million and restructuring charges of $3 million related to the closure of a production line at a German performance films facility in the Advanced Materials ("AM") segment. In addition, inventory adjustments of $3 million in the AM segment were recognized in "Cost of sales" in the Unaudited Consolidated Statement of Earnings, Comprehensive Income, and Retained Earnings in first quarter 2026 related to this closure.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Eastman Chemical's advanced materials — inventory write-down?
Eastman Chemical (EMN) reported advanced materials — inventory write-down of $3M in Q1 2026.
What does advanced materials — inventory write-down mean?
The reduction in the carrying value of inventory within the Advanced Materials segment due to obsolescence, damage, or market price declines. This reflects the segment's ability to manage stock levels and accurately value its product portfolio against current market demand.

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