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Eastman Chemical Co  (EMN)
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EMN's Operating Income Growth by Quarter and Year

Eastman Chemical Co's Operating Income results by quarter and year




EMN Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 61.00 269.00 283.00
III Quarter September 264.00 295.00 328.00 220.00
II Quarter June 339.00 406.00 -94.00 23.00
I Quarter March 254.00 290.00 349.00 342.00
FY   857.00 1,052.00 852.00 868.00



EMN Operating Income third quarter 2023 Y/Y Growth Comment
Eastman Chemical Co reported fall in Operating Income in the third quarter 2023 by -10.51% to $ 264.00 millions, from the same quarter in 2022.
The decline in the third quarter 2023 Eastman Chemical Co's Operating Income compares unfavorably to the Company's average Operating Income increase of 18.43%.

Looking into third quarter 2023 results within Chemicals - Plastics & Rubber industry 3 other companies have achieved higher Operating Income growth. While Eastman Chemical Co' s Operating Income decrease of -10.51% ranks overall at the positon no. 209 in the third quarter 2023.

Explain Operating Income growth


EMN Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -77.32 % -4.95 % 51.34 %
III Quarter September -10.51 % -10.06 % 49.09 % -37.14 %
II Quarter June -16.5 % - - -93.41 %
I Quarter March -12.41 % -16.91 % 2.05 % 15.15 %
FY   - 23.47 % -1.84 % -26.63 %

Financial Statements
Eastman Chemical Co's third quarter 2023 Operating Income $ 264.00 millions EMN's Income Statement
Eastman Chemical Co's third quarter 2022 Operating Income $ 295.00 millions Quarterly EMN's Income Statement
New: More EMN's historic Operating Income Growth >>


EMN Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -79.32 % -17.99 % 28.64 %
III Quarter September -22.12 % -27.34 % - 856.52 %
II Quarter June 33.46 % 40 % - -93.27 %
I Quarter March 316.39 % 7.81 % 23.32 % 82.89 %
FY (Year on Year)   - 23.47 % -1.84 % -26.63 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry #4
Basic Materials Sector #21
Overall #209

Operating Income Y/Y Growth Statistics
High Average Low
332.57 % 18.43 % -46.5 %
(Dec. 30. 2005)   (Sep. 30. 2009)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry #4
Basic Materials Sector #21
Overall #209
Operating Income Y/Y Growth Statistics
High Average Low
332.57 % 18.43 % -46.5 %
(Dec. 30. 2005)   (Sep. 30. 2009)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Eastman Chemical Co's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
1051.85 % 53.71 % -97.13 %
(Mar 31 2015)  


EMN's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Eastman Chemical Co realized fall in Operating Income from the previous quarter by -22.12% to $ 264.00 millions, from $ 339.00 millions declared in the previous reporting period.

If you evaluate recent shortcoming at the III. Quarter, you must assume, that commonly III. Quarter Operating Income occur weaker relative to the preciding period, Noah  Wilson, a business insider added.

Within Chemicals - Plastics & Rubber industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Eastman Chemical Co's Operating Income growth quarter on quarter, overall rank is 282.


Operating Income Q/Q Growth Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry #4
Basic Materials Sector #22
Overall #282
Operating Income Q/Q Growth Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry #4
Basic Materials Sector #22
Overall #282
Operating Income Q/Q Growth Statistics
High Average Low
1051.85 % 53.71 % -97.13 %
(Mar 31 2015)  


EMN's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Eastman Chemical Co realized fall in Operating Income from the previous quarter by -22.12% to $ 264.00 millions, from $ 339.00 millions declared a quarter before.

But that's not big problem, as Eastman Chemical Co's Operating Income frequently gravitate to plunge in this quarter Noah  Wilson, a business insider noted.

Within Chemicals - Plastics & Rubber industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Eastman Chemical Co's Operating Income growth quarter on quarter, overall rank is 282.


Eastman Chemical Co's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 918.00 $ 949.00 $ 1,016.00 $ 1,052.00 $ 1,260.00
Y / Y Operating Income Growth (TTM) -27.14 % -26.6 % 28.12 % 23.47 % 45.5 %
Year on Year Operating Income Growth Overall Ranking # 67 # 51 # 300 # 1163 # 466
Seqeuential Operating Income Change (TTM) -3.27 % -6.59 % -3.42 % -16.51 % -2.55 %
Seq. Operating Income Growth (TTM) Overall Ranking # 209 # 60 # 289 # 1397 # 1482




Cumulative Operating Income growth Comment
Eastman Chemical Co's cumulative 12 months Operating Income continue to drop, but on the faster rate at -27.14% year on year, at Sep 30 2023 compare to the -26.6% decrease at Jun 30 2023. If the Eastman Chemical Co's fiscal year would end at Sep 30 2023, annual Operating Income would be $918 millions.

Among companies within the Basic Materials sector 7 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 51 to 67.

Operating Income TTM Q/Q Growth Statistics
High Average Low
332.57 %
18.43 %
-46.5 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry # 4
Basic Materials Sector # 8
Overall # 67

Operating Income TTM Y/Y Growth Statistics
High Average Low
332.57 %
18.43 %
-46.5 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 21
S&P 500 # 209
Cumulative Operating Income growth Comment
Eastman Chemical Co's cumulative 12 months Operating Income continue to drop, but on the faster rate at -27.14% year on year, at Sep 30 2023 compare to the -26.6% decrease at Jun 30 2023. If the Eastman Chemical Co's fiscal year would end at Sep 30 2023, annual Operating Income would be $918 millions.

Among companies within the Basic Materials sector 7 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 51 to 67.

Operating Income TTM Q/Q Growth Statistics
High Average Low
332.57 %
18.43 %
-46.5 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry # 4
Basic Materials Sector # 8
Overall # 67

Operating Income TTM Y/Y Growth Statistics
High Average Low
332.57 %
18.43 %
-46.5 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 21
S&P 500 # 209




Other Operating Income Growth
Chemicals - Plastics & Rubber Industry Operating Income Growth Trends and Statistics
Basic Materials Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
EMN's Operating Income Growth Ratio versus Chemicals - Plastics & Rubber Industry, Basic Materials Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for EMN's Competitors
Operating Income Growth for Eastman Chemical Co's Suppliers
Operating Income Growth for EMN's Customers

You may also want to know
EMN's Annual Growth Rates EMN's Profitability Ratios EMN's Asset Turnover Ratio EMN's Dividend Growth
EMN's Roe EMN's Valuation Ratios EMN's Financial Strength Ratios EMN's Dividend Payout Ratio
EMN's Roa EMN's Inventory Turnover Ratio EMN's Growth Rates EMN's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Sep 30 2023 within Basic Materials SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
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Eastman Chemical Co-10.51%$ -10.508 millions
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Mueller Industries Inc-11.77%$ -11.773 millions
Haynes International Inc-14.17%$ -14.170 millions
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Innospec Inc -16.37%$ -16.367 millions
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