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Eastman Chemical Company reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 2,363 million compared to USD 2,324 million a year ago. Net income was USD 230 million compared to USD 272 million a year ago. Basic earnings per share from continuing operations was USD 1.96 compared to USD 2.28 a year ago. Diluted earnings per share from continuing operations was USD 1.94 compared to USD 2.27 a year ago.For the six months, sales was USD 4,673 million compared to USD 4,736 million a year ago. Net income was USD 395 million compared to USD 406 million a year ago. Basic earnings per share from continuing operations was USD 3.37 compared to USD 3.41 a year ago. Diluted earnings per share from continuing operations was USD 3.33 compared to USD 3.39 a year ago.
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Total Revenue | 2363 | 2310 | 2207 | 2267 |
Gross Profit | 599 | 532 | 464 | 484 |
Operating Income | 363 | 287 | 167 | 266 |
Net Income | 230 | 165 | 310 | 178 |
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Total Assets | 14945 | 14748 | 14633 | 14594 |
Total Liabilities | 9246 | 9140 | 9103 | 9170 |
Total Equity | 5699 | 5608 | 5530 | 5424 |
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | 367 | -16 | 452 | 514 |
Cash From Investing Activities | -121 | -179 | 248 | -182 |
Cash From Financing Activities | -227 | 148 | -593 | -299 |
Net Change in Cash | 15 | -49 | 109 | 29 |
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