IHS Chemical Week

Eastman swings to a loss on restructuring, acquisition charges

12:15 PM MST | February 1, 2013

Eastman Chemical reported a loss of $44 million for the fiscal quarter ended 31 December, compared with $19 million in the year-ago quarter. Excluding one-time items, including costs related to its $4.8-billion acquisition of Solutia last year, earnings jumped 53%, to $1.19/share, meeting analysts' estimates, as reported by Thomson Reuters. Sales climbed 26%, to $2.2 billion. Excluding the addition of Solutia, sales declined 4% on lower selling prices. Eastman increased its adjusted earnings guidance for fiscal year 2013 to $6.30-$6.40/share, up from $5.38/share...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 

Username:
Password:

Forgot your user ID or password? Click here to have it sent to you.

 

 

If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa