Eastman Chemical reported a Q2 EPS of $1.92, surpassing consensus estimates by 4%. The increase was driven by strong performance in Adhesives & Plasticizers and Specialty Fluids & Intermediates. Sales increased by 1% with flat volumes and prices, while FX contributed an additional 1%. Despite a 3% decline in EBIT to $441 million, Eastman reaffirmed its 2014 EPS guidance. Segment performance varied, with notable growth in Adhesives & Plasticizers and Fibers, while Specialty Fluids & Intermediates faced challenges due to the Kingsport outage.
documents/EFTA01447640.pdf
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