Eastman Chemical Reports 4th-Quarter ProfitJanuary 30, 2017
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Eastman Chemical Co., a Tennessee-based cleaning chemical manufacturer, has reported fourth-quarter earnings of US$128 million, or $0.87 per share, up from $123 million, or $0.83 per share, one year ago.
For the quarter, Eastman Chemical posted sales of $2.18 billion, down 2 percent from the previous year. Sales in the company’s chemical intermediates division increased 10 percent to $643 million, led by a higher sales volume of olefin-based and functional amines products.
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About Eastman Chemical
Kingsport, TN-based Eastman Chemical Co. manufactures a broad range of solvents and solutions, including adhesives, fibers, and cleaning chemicals. For more information, visit www.eastman.com.