Eastman Announces Fourth Quarter and Full Year 2011 Results

Thu, 01/26/2012 - 12:25pm

KINGSPORT, Tenn., Jan. 26, 2012 Eastman Chemical Company (NYSE:EMN) today announced earnings from continuing operations of $0.71 per diluted share for fourth quarter 2011 versus $0.11 per diluted share for fourth quarter 2010. Excluding $26 million of asset impairments and restructuring charges and $115 million of early debt extinguishment costs, fourth-quarter 2010 earnings from continuing operations were $0.70 per diluted share. For reconciliation to reported company and segment earnings, see Tables 3 and 4 in the accompanying fourth-quarter and full-year 2011 financial tables.

"Despite a challenging and uncertain economic environment during the quarter, we delivered earnings per share that are among our best for a fourth quarter, and our full-year EPS was the best in our history," said Jim Rogers, Chairman and CEO. "Given the strength of our businesses and our solid balance sheet, we remain well positioned for full-year 2012 EPS growth."

(In millions, except per share amounts) 4Q2011



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