Next, back in April, we indicated we expected our full year EPS to be approximately $5.30 in 2012 and we are still on track for that target. And I'd remind you that this would be 10% earnings growth. And lastly, we indicated we expected to generate $1 billion of free cash over the next 2 years. And again, we're on track to deliver on that commitment. Given all the portfolio work we've done over the last several years, including the acquisition of Solutia, we now have a portfolio of businesses that we expect will generate solid, consistent earnings growth and cash generation for years to come.On Slide 4, I'll cover Eastman corporate results. Sales revenue declined 2%, driven mostly by the Specialty Plastics and Fibers segments. Operating earnings increased with particular strength in the CASPI and PCI segments. Second quarter EPS was $1.40, slightly below second quarter 2011 EPS. And I'd remind you that last year's second quarter EPS was a record for any quarter. And second quarter 2012 is the second highest EPS we've ever reported.
Eastman Chemical Management Discusses Q2 2012 Results - Earnings Call Transcript
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