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Eastman Chemical Co. Details:

Eastman Chemical Company engages in the manufacture and sale of various chemicals, plastics, and fibers primarily in the United States. It operates in five segments: Coatings, Adhesives, Specialty Polymers, and Inks; Fibers; Performance Chemicals and Intermediates; Performance Polymers; and Specialty Plastics. Coatings, Adhesives, Specialty Polymers, and Inks segment manufactures liquid vehicles, additives, specialty polymers, and other raw materials, which are integral to the production of paints and coatings, inks, adhesives, and other formulated products. Fibers segment provides Estron acetate tow and Estrobond triacetin plasticizers, which are used in cigarette filters; Estron natural an...
August 29, 2008 3:55 PM ET
MATERIALS SECTOR
 | 
CHEMICALS INDUSTRY

Eastman Chemical Co. (EMN:NYSE)

LAST $60.46 USD
CHANGE TODAY -0.67 -1.10%
VOLUME 629.9K
EMN On Other Exchanges
As of 3:40 PM 08/29/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).
OPEN
$60.98
PREVIOUS CLOSE
$61.13
DAY HIGH
$61.32
DAY LOW
$60.23
52 WEEK HIGH
05/30/08 - $78.29
52 WEEK LOW
01/23/08 - $56.31
MARKET CAP
4.6B
AVERAGE VOLUME 3 mo
656.8K
DILUTED EPS TTM
$4.43
SHARES OUTSTANDING
76.4M
EX-DATE
09/11/08
P/E TTM
13.6x
DIVIDEND
$1.76
DIVIDEND YIELD
2.91%
K = Thousands  M = Millions  B = Billions

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EMN Details

Eastman Chemical Company engages in the manufacture and sale of various chemicals, plastics, and fibers primarily in the United States. It operates in five segments: Coatings, Adhesives, Specialty Polymers, and Inks; Fibers; Performance Chemicals and Intermediates; Performance Polymers; and Specialty Plastics. Coatings, Adhesives, Specialty Polymers, and Inks segment manufactures liquid vehicles, additives, specialty polymers, and other raw materials, which are integral to the production of paints and coatings, inks, adhesives, and other formulated products. Fibers segment provides Estron acetate tow and Estrobond triacetin plasticizers, which are used in cigarette filters; Estron natural an...

Detailed Description...
www.eastman.com
10,500 Employees
Founded in 1920
  Latest 10-K
  Latest 10-Q
More SEC Filings...

Top Compensated Officers

Mr. J. Brian Ferguson
Chairman and Chief Executive Officer
Age: 52
Total Annual Compensation: $1.1M
Mr. James P. Rogers
President and Head of Chemicals & Fibres Grou...
Age: 56
Total Annual Compensation: $576.0K
Mr. Richard A. Lorraine
Chief Financial Officer and Senior Vice Presi...
Age: 61
Total Annual Compensation: $462.1K
Mr. Mark J. Costa
Chief Marketing Officer and Executive Vice Pr...
Age: 41
Total Annual Compensation: $438.3K
Ms. Theresa K. Lee
Chief Legal Officer, Senior Vice President, S...
Age: 54
Total Annual Compensation: $416.3K

Executives, Board Directors

Compensation as of Fiscal Year 2007.

Key developments

Eastman Chemical Co. Licenses Reduced Sulfur Start-Up Technology to Hydrogen Energy International

Hydrogen Energy International LLC and Eastman Chemical Co. announced they have signed a definitive agreement for Eastman to license to HEI its proprietary Reduced Sulfur Start-Up Technology. This patented technology allows for the operational startup of gasification reactors using a sulfur-free fuel to mitigate a source of sulfur emission during startup events. The licensing agreement is part of Hydrogen Energy's plan to develop a commercial project in California that generates low carbon hydrogen power from an integrated gasification combined cycle (IGCC) system with carbon capture and storage.

Eastman Chemical Co. Declares Quarterly Dividend Payable on October 1, 2008

The board of directors of Eastman Chemical Co. has declared a quarterly cash dividend of $0.44 per share on the company's common stock. The dividend is payable Oct. 1, 2008, to stockholders of record as of Sept. 15, 2008.

Eastman Chemical Co. Announces Executive Changes

Eastman Chemical Co. named Curtis Espeland to succeed Senior Vice President and Chief Financial Officer Richard Lorraine, effective September 1, 2008. Lorraine will remain with the company handling special projects until the end of the year, when he will retire. Mark Costa will succeed Gregory O. Nelson, who also is retiring, as executive vice president and head of the polymers group. The company also named Ronald Lindsay senior vice president of corporate strategy and regional leadership; Norris Sneed senior vice president and chief accounting officer; Gregory W. Nelson senior vice president and chief technology officer; and Scott King chief accounting officer, succeeding Espeland.

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EMN $60.46 USD -0.67

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Competitors

Company Last Change
Celanese Corp $38.64 USD +1.19
NOVA Chemicals Corp C$30.68 CAD +1.20
Ube Industries Ltd ¥393.00 JPY +11.00
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Industry Analysis

Valuation EMN Industry Range
Price/Earnings 13.8x
Price/Sales 0.7x
Price/Book 2.3x
Price/Cash Flow 12.8x
TEV/Sales 0.4x

EMN

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transactions

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