Tennessee based largest polyester plastics producer Eastman Chemical Company announced record sales revenue of $1.82 billion and earnings of $1.50 per diluted share for third quarter 2005 versus earnings of $0.49 per diluted share for third quarter 2004. Excluding the items described below for both periods, third-quarter 2005 earnings were $1.53 per diluted share, while third-quarter 2004 earnings were $0.79 per diluted share. For reconciliation to reported earnings, see Table 8 in the accompanying third-quarter 2005 financial tables.
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is the world's largest producer of PET polymers for packaging; and is a major supplier of cellulose acetate fibers. Founded in 1920 and headquartered in Kingsport, Tennessee, Eastman is a FORTUNE 500 company with 2004 sales of $6.6 billion and approximately 12,000 employees.
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