Eastman Announces Second-Quarter 2020 Financial Results

Eastman Chemical Company (NYSE:EMN) announced its second-quarter 2020 financial results.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200803005786/en/

(In millions, except per share amounts)

 

 

2Q2020

 

2Q2019

Sales revenue

 

 

$1,924

 

$2,363

 

 

 

 

 

 

Earnings before interest and taxes (“EBIT”)

 

 

54

 

371

 

 

 

 

 

 

Adjusted EBIT* 

 

 

195

 

389

Earnings per diluted share

 

 

0.20

 

1.85

 

 

 

 

 

 

Adjusted earnings per diluted share* 

 

 

0.85

 

1.99

Net cash provided by operating activities

436

422