EASTMAN CHEMICAL CO
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.36B | $2.31B | — | $2.27B | $2.32B | $2.41B | — | $2.71B |
| Cost of Revenue | $1.76B | $1.78B | — | $1.78B | $1.74B | $1.88B | — | $2.17B |
| Gross Profit | $599.0M | $532.0M | — | $484.0M | $584.0M | $529.0M | — | $541.0M |
| Gross Margin | 25.3% | 23.0% | — | 21.3% | 25.1% | 21.9% | — | 20.0% |
| Operating Expenses | ||||||||
| Research & Development | $60.0M | $59.0M | — | $60.0M | $60.0M | $62.0M | — | $68.0M |
| SG&A Expense | $180.0M | $191.0M | — | $160.0M | $185.0M | $191.0M | — | $173.0M |
| Operating Income | $287.0M | $214.0M | — | $199.0M | $269.0M | $194.0M | — | $281.0M |
| Operating Margin | 12.1% | 9.3% | — | 8.8% | 11.6% | 8.0% | — | 10.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $287.0M | $214.0M | — | $199.0M | $269.0M | $194.0M | — | $281.0M |
| Income Tax Expense | $56.0M | $49.0M | — | $20.0M | $-3.0M | $60.0M | — | $-20.0M |
| Net Income | $230.0M | $165.0M | — | $178.0M | $272.0M | $134.0M | — | $301.0M |
| Net Margin | 9.7% | 7.1% | — | 7.9% | 11.7% | 5.6% | — | 11.1% |
| EPS (Basic) | $1.96 | $1.40 | — | $1.50 | $2.28 | $1.13 | — | $2.48 |
| EPS (Diluted) | $1.94 | $1.39 | — | $1.49 | $2.27 | $1.12 | — | $2.46 |
| Shares Outstanding (Basic) | 117.3M | 117.4M | 222.8M | 118.5M | 118.8M | 118.9M | 222.3M | 121.0M |
| Shares Outstanding (Diluted) | 118.6M | 118.2M | 222.8M | 119.0M | 119.6M | 119.7M | 222.3M | 122.3M |
| Dividends Per Share | $0.81 | $0.81 | — | $0.79 | $0.79 | $0.79 | — | $0.76 |