What does chemical intermediates — severance costs mean?

The total costs associated with laying off employees within the Chemical Intermediates business unit.

How do you interpret chemical intermediates — severance costs?

An increase suggests active restructuring or downsizing, while a decrease indicates a more stable workforce or completed reorganization.

How does chemical intermediates — severance costs compare across companies?

Commonly reported as restructuring or severance charges in segment-level operating expenses by industrial peers.

Eastman Chemical EMN Chemical Intermediates — Severance Costs

Discontinued — last reported Q2 '21

Similar metrics at other companies

GTLSEnergy Chemicals — Severance Costs1

$348.75K—

MLIOperating Segments — Severance Costs1

$0-100%

PPGIndustrial Coatings — Severance Costs1

$21M—

ENSSpecialty — Severance payments

$63K-36.5%

ENTGCorporate Segment — Employee Termination Benefits

$400K—

BALLOperating Segments — Severance Costs1

$1.8M—

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$8.29B-14.2%

Enterprise value$12.84B-10.1%

P/E20.8×+10.3×

P/S1×-0.1×

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:SeveranceCosts1.

The official record: Eastman Chemical’s 10-Q, filed August 3, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eastman Chemical's chemical intermediates — severance costs?: Eastman Chemical (EMN) reported chemical intermediates — severance costs of $2M in Q2 2021.
What does chemical intermediates — severance costs mean?: The total costs associated with laying off employees within the Chemical Intermediates business unit.
How do you interpret chemical intermediates — severance costs?: An increase suggests active restructuring or downsizing, while a decrease indicates a more stable workforce or completed reorganization.
How does chemical intermediates — severance costs compare across companies?: Commonly reported as restructuring or severance charges in segment-level operating expenses by industrial peers.