Eastman forecasts double-digit earnings growth through 2015

Eastman Chemical executives expect to maintain double-digit annual earnings growth through 2015 as the company capitalizes on its portfolio transformation to primarily specialty chemicals—a decade-long effort across all business segments that culminated in this year’s $4.8-billion acquisition of Solutia. Speaking to CW ahead of Eastman’s investor day, held 12 December in New York, chairman and CEO Jim Rogers said that he expects earnings of $8/share in 2015, 50% higher than the midpoint of the company’s $5.30–5.40/share forecast for...

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