Eastman Chemical — Jul 31, 2025 release

The second quarter also had an approximately $20 million impact in Chemical Intermediates due to an unplanned outage, compounding what continues to be tougher conditions for commodity markets. The Kingsport methanolysis facility continues to operate well, and we remain on track to produce greater than 2.5 times more recycled content than 2024. Moving forward, we will continue to focus on cash generation with a disciplined approach to managing our cost structure, reducing working capital, and allocating capital.” Segment Results 2Q 2025 versus 2Q 2024 Advanced Materials – Sales revenue decreased 2 percent due to lower sales volume/mix. Lower sales volume/mix was due to ongoing weak primary demand in key end markets, including building and construction and automotive OEM production. The lower sales volume/mix was partially offset by growth in specialty plastics. EBIT decreased primarily due to lower sales volume/mix and higher planned maintenance expense. Additives & Functional Products – Sales revenue increased 7 percent due to 4 percent higher selling prices, 2 percent higher sales volume/mix, and a favorable foreign currency exchange impact. Higher selling prices were driven by cost-pass-through contracts. Higher sales volume/mix was primarily due to care chemicals serving stable end markets and heat transfer fluid project fulfillments. EBIT increased due to higher sales volume/mix and favorable price-cost. Fibers – Sales revenue decreased 17 percent primarily due to 16 percent lower sa