Eastman Third Quarter Sales Rise 20%
Sales revenue for the Coatings, Adhesives, Specialty Polymers and Inks segment increased 14%, primarily due to higher selling prices issued in response to higher raw material and energy costs. Operating earnings in the third quarter of 2011 were $82 million, compared to $89 million in the third quarter of 2010.
“Third quarter 2011 operating earnings reflect solid performance across the company,” said Jim Rogers, chairman and CEO. “Going forward, the strength of our core businesses and balance sheet gives us confidence our earnings will remain resilient despite the economic uncertainty.”
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