Eastman Chemical Company (NYSE:EMN) today announced earnings, excluding the non-core or non-recurring items described in Tables 3 and 4, of $1.68 per diluted share for third quarter 2013 versus $1.57 per diluted share for third quarter 2012. Reported earnings were $1.97 per diluted share in third quarter 2013 and $0.99 per diluted share in third quarter 2012. For detail of the excluded items and reconciliation to reported company and segment earnings, see Tables 3 and 4.
“Our solid third-quarter earnings keep us on track for a fourth consecutive year of double-digit earnings growth despite continued global economic uncertainty and volatile raw material and energy costs,” said Jim Rogers, chairman and CEO. “Cash generation was also strong in the quarter, and we expect to continue to generate strong free cash flow for years to come.” See “Outlook” paragraphs for items excluded from earnings comparisons and Table 5A for reconciliation of cash from operations to free cash flow.
For more information, please visit www.eastman.com