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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.36B | 2.3% |
| Gross Profit | 599M | 12.6% |
| Cost of Revenue | 1.76B | 0.8% |
| Operating expense | 240M | 38.1% |
| Net Income | 230M | 39.4% |
| EBITDA | 485M | 79% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 14.9B | 1.3% |
| Total Liabilities | 9.25B | 1.2% |
| Total Equity | 5.63B | 1.6% |
| Shares Outstanding | 117M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 367M | 2393.8% |
| Cash from investing | -121M | 32.4% |
| Cash from financing | -227M | 253.4% |
EPS
Financial Highlights for Eastman Chemical Company in Q2 '24
Eastman Chemical Company reported a revenue of 2.36B, which is a 2.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 599M, marking a 12.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.76B, a -0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 240M, showing a -38.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 230M, showing a 39.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 485M, showing a 79% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Eastman Chemical Company with growth in revenue, gross profit, and net income.
