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Eastman Announces Third-Quarter 2020 Financial Results
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Earnings ESG Investors KINGSPORT, Tennessee Eastman Chemical Company (NYSE:EMN) announced its third-quarter 2020 financial results. (In millions, except per share amounts) 3Q2020 3Q2019 Sales revenue $2,122 $2,325 Earnings before interest and taxes ("EBIT") 243 367 Adjusted EBIT* 310 369 Earnings per diluted share 1.18 1.93 Adjusted earnings per diluted share* 1.57 1.94 Net cash provided by operating activities 442 416 Free cash flow* 360 306 *For non-core and unusual items excluded from adjusted earnings and for adjusted provision for income taxes, and calculation of free cash flow, net debt, and adjusted EBIT margins, and for reconciliations to reported company and segment earnings and to cash provided by operating activities and to...
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