KINGSPORT, Tenn., Oct. 27, 2011 Eastman Chemical Company (NYSE:EMN) today announced earnings from continuing operations of $1.16 per diluted share for third quarter 2011 versus $1.11 per diluted share for third quarter 2010. Excluding $7 million of restructuring charges primarily for severance associated with the acquisition and integration of Sterling Chemicals, Inc., earnings from continuing operations were $1.19 per diluted share in third quarter 2011. For reconciliation to reported company and segment earnings, see Tables 3 and 4 in the accompanying third-quarter 2011 financial tables.
Third-quarter 2011 operating earnings reflect solid performance across the company, said Jim Rogers, Chairman and CEO. Going forward, the strength of our core businesses and balance sheet gives us confidence our earnings will remain resilient despite the economic uncertainty.
|(In millions, except per share amounts)||3Q2011||