Eastman Announces Third-Quarter 2020 Financial Results

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

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201029006297/en/

(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