Eastman Chemical Company is a global specialty materials company that produces a broad range of products found in everyday items. The company operates 36 manufacturing facilities and holds equity interests in 4 manufacturing joint ventures across 12 countries. Its headquarters and largest manufacturing site are located in Kingsport, Tennessee. Eastman employs approximately 13,000 people worldwide and emphasizes safety, sustainability and innovation in its operations.

Eastman generates revenue by selling specialty materials including polymers, films, plastics, additives, intermediates and fibers to a diverse set of end use markets such as transportation, building and construction, consumer goods, healthcare, electronics and agriculture. In 2025 the company reported total sales of $8.8 billion, earnings before interest and taxes of $776 million, net earnings attributable to Eastman of $474 million and diluted earnings per share of $4.10. Adjusted EBIT reached $930 million and adjusted diluted earnings per share were $5.42. Approximately 55% of 2025 sales revenue was generated from outside the United States and Canada. The firm’s product portfolio is designed to meet customer needs for performance, sustainability and safety.

The company operates through the following segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates and Fibers.

• Advanced Materials: This segment produces polymers, films and plastics with differentiated performance for transportation, durables and electronics, building and construction, medical and pharma and consumables markets; key products include Tritan copolyesters, Saflex Q series interlayers, LLumar and SunTek window and protective films; it competes on technology and application development with firms such as Sekisui Chemical, Kuraray and Kingboard while leveraging the segment’s scale, vertical integration and long term customer relationships to drive growth.

• Additives & Functional Products: This segment manufactures materials for food feed agriculture, transportation, water treatment and energy, personal care and wellness, building and construction, consumables and durables and electronics markets; key offerings include care additives such as alkylamine derivatives and organic acids, coatings additives like Texanol and Optifilm, functional amines and specialty fluids such as Therminol and Skydrol; it competes on differentiated performance with companies such as BASF, Dow, Huntsman and Clariant while benefiting from strong formulation collaboration and long term relationships with its diverse customer base.

• Chemical Intermediates: This segment sells excess intermediates from the acetyl and olefins streams to industrial chemicals, building and construction, health and wellness and food and feed markets; key products include acetic anhydride, ethylene glycol ethers, esters, oxo alcohols and plasticizers such as Eastman 168, Benzoflex TXIB and Effusion; it competes on cost advantage with firms such as LyondellBasell, BASF, Dow, OXEA, Celanese, Lonza and Ineos while supporting the company’s specialty segments through internal supply of key raw materials.

• Fibers: This segment manufactures acetate tow and triacetin plasticizers for filtration media primarily cigarette filters, cellulosic filament yarn and staple fibers for apparel under the Naia brand, nonwoven media for filtration and friction applications and cellulose acetate flake and acetyl raw materials for other acetate fiber producers; it leverages vertical integration, long term customer relationships and a reputation for high quality and reliability to maintain a leading position in the global fibers market.

Eastman Chemical Company holds a strong position among global specialty materials producers, competing with large diversified chemical companies such as BASF, Dow and DuPont while maintaining leadership in niche markets through its integrated manufacturing streams and technology platforms. The company’s competitive advantages include scale, vertical integration, a world class innovation driven growth model, long term customer relationships and a focus on sustainability initiatives such as molecular recycling and carbon renewal technology. Eastman’s commitment to reducing its absolute scope 1 and scope 2 greenhouse gas emissions by 30% by 2035, measured from a 2017 baseline, underscores its dedication to climate goals and positions it favorably against peers.

The company serves a broad customer base that includes manufacturers in transportation, building and construction, consumer goods, healthcare, electronics and agriculture sectors. Approximately 60% of 2025 sales came from the top 100 customers with no single customer accounting for 10% or more of total revenue. In the Fibers segment the top 10 customers are chiefly cigarette producers, fabric manufacturers, textile distributors and other acetate fiber producers, representing about 65% of that segment’s sales. Eastman’s diversified customer portfolio reduces reliance on any single buyer and supports stable demand across its multiple end use markets.