Create a free Manufacturing.net account to continue

Eastman Announces Third-Quarter 2012 Financial Results

Eastman Chemical Company today announced earnings from continuing operations, excluding the items described in Table 4 of the accompanying third-quarter 2012 financial tables, of $1.57 per diluted share for third quarter 2012 versus $1.26 per diluted share for third quarter 2011.

KINGSPORT, Tenn., Oct. 25, 2012 Eastman Chemical Company (NYSE:EMN) today announced earnings from continuing operations, excluding the items described in Table 4 of the accompanying third-quarter 2012 financial tables, of $1.57 per diluted share for third quarter 2012 versus $1.26 per diluted share for third quarter 2011.  Reported earnings from continuing operations were $0.99 per diluted share in third quarter 2012 and $1.22 per diluted share in third quarter 2011. 

Our record performance after the Solutia acquisition reaffirms our confidence that we will continue to deliver year-over-year earnings growth, said Jim Rogers, chairman and CEO. Results were solid throughout the company, demonstrating the strength and diversity of our businesses in what remains a challenging global economic environment.  Cash generation was also strong in the quarter, and we are on track to generate strong free cash flow for years to come.

(In millions, except per share amounts) 3Q2012
3Q2011

SOURCE

More