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sd-10-EFTA01447640Dept. of Justice

EFTA Document EFTA01447640

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29July 2014 Chemicals / Specially Eastman Chemical 02 Results Eastman reported Q2 EPS of $1.92, up 7%, and $0.08 or 4% above consensus of $1.84. A lower than expected tax rate added $0.01. The upside was driven by stronger than expected results in Adhesives & Plasticizers and SFI. Sales rose 1% on flat volumes and price while FX added 1%. EBIT fell 3% to $441MM while margins compressed 70bps YoY (+130 O°O) to 17.9% amid higher propane costs. Eastman reaffirmed '14 EPS guidance of $6.70-

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Dept. of Justice
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sd-10-EFTA01447640
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