Eastman Chem Reveals Q4 Income

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Eastman Chemical Business announced revenue from continuing businesses. Reported outcomes from on going operations had been a loss of revenue of $0.35 for each diluted share with fourth quarter of 2012 and revenue of $0.09 for every diluted share with fourth quarter in 2011.

Sales income for 4th quarter 2012 was $2.two billion, a 26 % improve compared with 4th quarter 2011. 4th quarter 2012 integrated sales income in the acquired Solutia companies. Pro forma merged sales income declined four % due mainly to reduce promoting costs and with deflation of the currency rate . The reduce promoting costs had been mainly because of reduce raw materials and power expenses.

Earnings coming from continuing operations, not including the products described within the “Non-GAAP Products and Pro Forma Merged Results”, had been $5.38 for every diluted share to get complete year 2012 compared to $4.81 for each diluted share for complete year 2011. Reported revenue from continuing businesses had been $2.92 for every diluted share with complete year 2012 as well as $4.24 for every diluted share in complete year 2011.

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Eastman’s full-year sales income was $8.1 billion, a rise of 13 % year more than year. Complete year 2012 integrated sales income in the acquired Solutia companies. Pro forma merged sales income declined two %.

Functioning earnings for complete year 2012 had been $800 million in comparison to $937 million for complete year 2011. Excluding MTM losses as well as asset problems and reorientation charges and benefits for each periods, as well as Solutia acquisition-related expenses for 2012, operating income had been $1.three billion for complete year 2012 and $1.1 billion for complete year 2011.

Complete year 2012 integrated operating earnings in the acquired Solutia companies. Reorientation charges and benefits for each periods as well as Solutia acquisition linked expenses for 2012, had been $1.five billion for complete year 2012 compared with $1.four billion for complete year 2011.

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