Eastman Chemical Co (FRA:EAC)
€ 98.86 -1.04 (-1.04%) Market Cap: 11.36 Bil Enterprise Value: 15.58 Bil PE Ratio: 13.78 PB Ratio: 2.11 GF Score: 79/100
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Eastman Chemical Co at Goldman Sachs Industrials and Materials Conference Transcript

May 15, 2019 / 05:10PM GMT
Release Date Price: €65.21 (-0.47%)
Unidentified Analyst

All right. Thanks, everybody. Moving on now to Eastman. We got Chairman and CEO, Mark Costa. Q&A format. I encourage everyone to ask questions and if not, we're going to ask the questions for you, but we'd rather you guys do it.

Questions & Answers

Unidentified Analyst

But maybe to start off. Mark, just you guys are big, broad, global. Maybe give us an assessment of what's going on out in the world from where you see it?

Mark J. Costa
Eastman Chemical Company - Chairman & CEO

Sure. So shockingly, the word China's come up once or twice in one-on-ones so far today. The global economy, I think, is playing out to some degree as we expected. Obviously, it's been a challenging Q1 as well as Q4. For us, Eastman, I think, it's important to note that the biggest driver of the challenge really is destocking created by the fears of tariffs, right? So you have all these Chinese producers, who export to the U.S., who suddenly become very nervous about their ability to pay a 25% tariff going into place come

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