Home / Knowledge / News / Textiles / Eastman Chemical Q2 revenues surge 32%
Eastman Chemical Q2 revenues surge 32%
30
Jul '13
Eastman Chemical Company announced earnings, of $1.80 per diluted share for second quarter 2013 versus $1.40 per diluted share for second quarter 2012. Reported earnings from continuing operations were $1.69 per diluted share in second quarter 2013 and $1.26 per diluted share in second quarter 2012.

“The great progress we’ve made over the past several years to improve our portfolio, including the acquisition of Solutia, shows in the continuing strength of our earnings,” said Jim Rogers, Chairman and CEO.

“Second-quarter earnings were our best ever and position us for a fourth consecutive year of double-digit earnings growth. We continue to expect double-digit earnings growth through 2015 given our leading market positions, our end-market and geographic diversity, and the growth initiatives we are pursuing throughout the company.”

Corporate 2Q 2013 versus 2Q 2012

Sales revenue for second quarter 2013 was $2.4 billion, a 32 percent increase compared with second quarter 2012. Second quarter 2013 included sales revenue from the acquired Solutia businesses. Pro forma combined sales revenue increased 3 percent due to higher sales volume across most segments.

Operating earnings in second quarter 2013 were $428 million compared with $317 million in second quarter 2012. Operating earnings were $454 million in second quarter 2013 and $323 million in second quarter 2012. Second quarter 2013 included operating earnings from the acquired Solutia businesses.

Pro forma combined operating earnings, excluding the items described, were $454 million in second quarter 2013 compared with $403 million in second quarter 2012. Pro forma combined operating earnings increased primarily due to higher sales volume across most segments and higher capacity utilization which led to lower unit costs.

Eastman

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X