Eastman Announces First-Quarter 2019 Financial Results

                                        

KINGSPORT, Tenn., April 25, 2019 - Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2019 financial results.

(In millions, except per share amounts)			1Q19	1Q18
Sales revenue			$2,380	$2,607
Earnings before interest and taxes ("EBIT")			320	409
Adjusted EBIT*			352	459
Earnings per diluted share			1.49	2.00
Adjusted earnings per diluted share*			1.77	2.23
Net cash used in operating activities			(5)	(35)
Free cash flow*			(111)	(113)

*For non-core and unusual items (including related to the previously reported coal gasification incident) excluded from adjusted earnings and for adjusted provision for income taxes, calculation of free cash flow and of segment adjusted EBIT margins, and reconciliations to reported company and segment earnings and to cash used in operating activities, see Tables 1, 3A, 3B, 4A, 4B, 5A and 5B.