Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 2 February 2018, 08:00 HKT/SGT

Source: Eastman Chemical Company
Eastman Announces Fourth-Quarter and Full-Year 2017 Financial Results

KINGSPORT, Tenn., Feb 2, 2018 - (ACN Newswire) - Eastman Chemical Company (NYSE:EMN) today announced reported earnings of $4.01 per diluted share for fourth quarter 2017 versus $0.79 per diluted share for fourth quarter 2016. Adjusted earnings were $1.62 per diluted share for fourth quarter 2017 versus $1.51 per diluted share for fourth quarter 2016. Fourth-quarter 2017 adjusted earnings excludes non-core and unusual items, including $0.55 per diluted share of net costs resulting from the coal gasification incident (see "Coal Gasification Incident") and a $2.91 per share net benefit of one-time tax items primarily resulting from enactment of the Tax Cuts and Jobs Act of 2017 (see "Cash Flow and Tax Items"). For detail of the adjustments and reconciliations to reported company and segment earnings for all periods presented, see Tables 3A and 4.

"Looking at full year 2017, we delivered a compelling 13 percent increase in adjusted EPS and $1 billion of free cash flow," said Mark Costa, Board Chair and CEO. "Additionally, we ended the year with both solid fourth-quarter results and the safe and efficient repair of our coal gasification facility with minimal disruption to our customers. This performance demonstrates the strength of our portfolio and the benefits of our innovation-driven growth model. Our results also reflect the tremendous capability and determination of the Eastman team that is exemplified in our response to the coal gasification incident and two U.S. hurricanes while driving top line growth at the same time. We remain confident that execution of our strategy will continue to deliver outstanding results going forward."

Full release:

Eastman is a global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2017 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,500 people around the world. For more information, visit

Media: Tracy Kilgore Addington
423-224-0498 / [email protected]

Investors: Greg Riddle
212-835-1620 / [email protected]


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire

Feb 2, 2018 08:00 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Eastman Chemical Company
July 26, 2019 14:00 HKT/SGT
Eastman Announces Second-Quarter 2019 Financial Results
July 8, 2019 23:00 HKT/SGT
Eastman Schedules Second-Quarter 2019 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast
June 19, 2019 20:30 HKT/SGT
Eastman to Acquire INACSA
May 31, 2019 07:00 HKT/SGT
Curt Espeland to address the Deutsche Bank Global Industrials & Materials Summit
May 21, 2019 23:00 HKT/SGT
Forbes ranks Eastman as one of the Best Large Employers in America
May 9, 2019 06:00 HKT/SGT
Mark Costa to address the Goldman Sachs Industrials & Materials Conference
May 3, 2019 08:00 HKT/SGT
Eastman Board Declares Dividend
May 3, 2019 08:00 HKT/SGT
Eastman Announces 2019 Annual Meeting Stockholder Vote Results
Apr 26, 2019 08:00 HKT/SGT
Eastman Announces First-Quarter 2019 Financial Results
Apr 10, 2019 07:00 HKT/SGT
Eastman Receives Eighth Consecutive ENERGY STAR(R) Partner of the Year Award
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: