Eastman Chemical Company : Eastman Recognized for Outstanding Performance
Eastman Ranked #7 in Bloomberg Businessweek Top 50
KINGSPORT, Tenn. Feb. 21, 2013 - Eastman Chemical Company (NYSE:EMN) was
recently recognized by a number of leading industry, business and trade
publications for its outstanding financial performance.
The most recent recognition is the company's ranking on the Bloomberg
Businessweek Top 50, a listing of the S&P 500 companies with the best recent
performance and outlook for the future. Eastman ranked #7 on the list, which
was based on four factors: one-year and five-year risk-adjusted returns,
consensus analyst recommendations, and projected earnings growth.
Eastman was also recently named by Chemical & Engineering News as Company of
the Year for its recent acquisition and integration of Solutia, and
Institutional Investor voted the company one of the "Most Honored Companies"
in a survey of buy-side and sell-side analysts. In addition, the company's
Chairman and CEO Jim Rogers was named one of the Top 40 Power Players by ICIS,
the world's largest petrochemical market information provider. Coming in at
#21, Rogers was recognized for his leadership in the transformation of Eastman
to a global specialty chemical company and for the company's recent financial
"Without question, 2012 was a defining year for Eastman as we reached new
heights in our financial performance and, with the successful acquisition of
Solutia, we furthered our transition to a world-class specialty chemical
company," said Rogers. "This was a collective achievement through the hard
work of our 13,500 men and women around the globe. The work that we have done
over the past several years to improve our portfolio of businesses has
positioned us to deliver continued growth for years to come. We are committed
to continue building on our strong performance."
CEO Jim Rogers comments on Eastman's performance and B-roll.
Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms
and leading positions in attractive end-markets such as transportation,
building and construction and consumables. Eastman focuses on creating
consistent, superior value for all stakeholders. As a globally diverse
company, Eastman serves customers in approximately 100 countries and had 2012
pro forma combined revenues, giving effect to the Solutia acquisition, of
approximately $9.1 billion. The company is headquartered in Kingsport,
Tennessee, USA and employs approximately 13,500 people around the world. For
more information, visit www.eastman.com.
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Source: Eastman Chemical Company via Thomson Reuters ONE
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