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Eastman posts record earnings per share in 2011

Sharon Hayes • Jan 27, 2012 at 9:25 AM

KINGSPORT — Eastman Chemical Co. on Thursday posted strong sales and earnings for the fourth quarter and full year 2011, including the best full year earnings per share in the company’s history.

The Kingsport-based company reported net earnings of $696 million for 2011 or $4.86 per diluted share for the year. That compares with $438 million in net earnings or $2.96 per diluted share in 2010.

Earnings from continuing operations were $4.59 per diluted share in 2011 vs. $2.88 per share in 2010.