Eastman Chemical Company, Based In Kingsport, Experienced A Slowdown In Earnings In The Fourth-Quarter Of 2022, Compared To The Year Before. Adjusted Earnings Were $7.88 Per Share For The Entire Year, Which Was Down From $8.85 The Year Before. According To A Press Release, Eastman Saw A 3% Reduction In The Demand For Its Products Throughout The Year. Ceo Mark Costa Said The Company Will Reduce Costs This Year By More Than $200 Million And Destock Inventory. Its Still Unclear If This Will Mean Layoffs And The Company.
