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Eastman Chemical

Eastman Chemical is a publicly traded company having a good stock performances result. It is a global company whose products touch the lives of people around the world every day. Eastman manufactures and markets more than 1,200 chemicals, fibers and plastics products. It’s a Fortune 500 stock listed company trading under EMN symbol.
The company is the world's largest supplier of polyester plastics for packaging, a leading supplier of coatings raw materials, specialty chemicals and plastics, and a major supplier of cellulose acetate fibers and basic chemicals. It is one of the top 10 global suppliers of custom manufactured fine chemicals for pharmaceuticals, agricultural chemicals and other markets.
Its divisional structure allows the company to deliberately focus on the exceptional needs of individual markets. Eastman Division contains the adhesives, coatings, specialty polymers and inks segment, the specialty plastics segment and the performance chemicals and intermediates segment. The Developing Businesses Division, with one segment of the same name, is comprised of non traditional growth businesses and prospects that leverage Eastman's technology expertise, intellectual property and knowledge.
As of December 31, 2005, there were 81,637,985 shares of the Company's common stock issued and outstanding, which shares were held by 31,657 stockholders of record. These shares include 106,771 shares held by the Company's charitable foundation. The Company has declared a cash dividend of 0.44 dollars per share during the first quarter of 2006. The payment of dividends is a business decision to be made by the Board of Directors from time to time based on the Company’s earnings, financial position and prospects, and such other considerations, as the Board considers relevant. Accordingly, while management currently expects that the Company will continue to pay the quarterly cash dividend, its dividend practice may change at any time.
Sales revenue of 7.1 billion dollars for full year 2005 was the highest in the Company's history and a 7 percent increase over 2004. Operating earnings were 757 million dollars in 2005, a 582 million dollars increase from 2004 and the best since 1995. These results reflect the Company's successful execution of a turnaround strategy to get better profitability which included extensive divestitures, restructuring and consolidation within the Company, enhanced pricing strategies and processes and ongoing cost reductions.

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