Eastman Chemical (EMN) Gains on Cost Actions and …

Eastman is gaining from its actions to manage costs. The company is expected to benefit from lower operating costs from its operational transformation program. EMN was able to offset $1.3 billion in inflation from higher raw material, energy and distribution costs through price increases in 2022. It is on track to reduce manufacturing, supply chain and non-manufacturing costs by a total of $200 million for 2023, net of inflation.