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Eastman Chemical EMN Corporate Segment — Severance Costs

Discontinued — last reported Q3 '22

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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$8.29B-14.2%
Enterprise value$12.84B-10.1%
P/E20.8×+10.3×
P/S-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 October 28, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eastman Chemical's corporate segment — severance costs?
Eastman Chemical (EMN) reported corporate segment — severance costs of $0 in Q3 2022.
What does corporate segment — severance costs mean?
The total costs associated with employee severance payments within the corporate segment.
How do you interpret corporate segment — severance costs?
An increase suggests active workforce reduction or restructuring, while a decrease indicates a more stable corporate headcount.
How does corporate segment — severance costs compare across companies?
Comparable to 'Restructuring Charges' or 'Severance and Exit Costs' reported by other global industrial and chemical companies undergoing organizational transformation.