Eastman Chemical Company (NYSE:EMN) announced its fourth-quarter and full-year 2021 financial results.
The company confirms expected 8-12 percent adjusted EPS growth for 2022, building on strong growth in 2021:
Strong specialty growth enabled by innovation-driven growth model
Accelerating leadership in circular economy, including recently announced world’s largest molecular recycling facility in France
Strong cash generation resulting in increased organic growth investments and higher return of cash to stockholders
“Eastman made tremendous progress in 2021, delivering record sales revenue and adjusted EPS for the year. We are continuing to leverage our innovation-driven growth model to grow faster than our end markets. We also made outstanding progress advancing our leadership in the circular economy, including plans to build multiple world-scale material-to-material molecular recycling facilities,” said Mark Costa, Board Chair and CEO. “I’m incredibly proud and appreciative of all that our employees did to work through very challenging conditions, stay focused on delivering record results, and advance our growth programs. We also remain focused on driving strong cash flow going forward and on continued disciplined allocation of cash. We are very excited about delivering continued success in 2022 and in the coming years.”
The Kingsport, Tenn. Based company also has operations in Henry County.