Eastman Announces First-Quarter 2018 Financial Results

KINGSPORT, Tenn., Apr 27, 2018 - (ACN Newswire) - Eastman Chemical Company (NYSE:EMN) today announced reported earnings of $2.00 per diluted share for first quarter 2018 versus $1.89 per diluted share for first quarter 2017. Adjusted earnings were $2.23 per diluted share for first quarter 2018 versus $1.83 per diluted share for first quarter 2017. For detail of the adjustments and reconciliation to reported company and segment earnings for all periods presented, see Tables 3A and 4A.

"We are off to an excellent start in 2018, with year-over-year adjusted EPS growth of 22 percent in the first quarter," said Mark Costa, Board Chair and CEO. "Our innovation-driven growth model is continuing to deliver impressive volume growth in our specialty businesses as demonstrated by their above market growth in the quarter. Disciplined capital allocation and a sustained focus on cost management also are contributing to our strong results. We remain confident that execution of our strategy will result in continued outstanding results going forward."

Full press release: https://bit.ly/2Hwjqad

ex99_01 2018.03.31 CC Tables FINAL
http://hugin.info/150386/R/2188153/846394.pdf

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Source: Eastman Chemical Company via Globenewswire

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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