Sales revenue for fourth quarter 2005 was $1.73 billion, a 4 percent increase over fourth quarter 2004. The increase in sales revenue was due to higher selling prices that more than offset lower sales volume.
For full-year 2005, Eastman reported earnings of $6.81 per diluted share compared with full-year 2004 earnings of $2.18 per diluted share.
Eastman's full-year 2005 sales revenue was $7.06 billion, a 7 percent year-over-year increase that was due to higher selling prices.
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is the world's largest producer of PET polymers for packaging; and is a major supplier of cellulose acetate fibers.
Founded in 1920 and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company with 2005 sales of $7 billion and approximately 12,000 employees.
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