Eastman Chemical — Apr 30, 2026 release

, April 30, 2026 – Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2026 financial results. • Delivered strong sequential sales volume/mix improvement of >10 percent in specialty businesses • Implementing ~$500 million of price increases across the portfolio to offset substantial raw material and distribution inflation • Leveraging our integrated U.S.-based assets and global reach to be a reliable supplier to our customers amid a dynamic global environment • On track with methanolysis facility revenue acceleration and ~$30 million of incremental earnings • Drove 240 basis points of sequential adjusted EBIT margin improvement through improved sales volumes and disciplined price-cost management • Maintained strong momentum towards key financial priorities, including year-over-year earnings growth, our $125 million to $150 million of cost savings and our cash flow targets (In millions, except per share amounts; unaudited) 1Q2026 1Q2025 Sales revenue $2,177 $2,290 Earnings before interest and taxes ("EBIT") 188 302 Adjusted EBIT* 200 311 Earnings per diluted share 0.93 1.57 Adjusted earnings per diluted share* 1.09 1.91 Net cash used in operating activities (137) (167) *For non-core and unusual items excluded from adjusted earnings and for adjusted provision for income taxes, segment adjusted EBIT margins, and net debt, reconciliations to reported company and segment earnings and total borrowings fo