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PolyOne sales, earnings up on Spartech acquisition

6:39 AM MST | January 29, 2014 | Lindsay Frost

PolyOne announced its fourth-quarter earnings, which feature organic growth across all platforms. Net income increased almost seven-fold, to $24.6 million—partially due to the larger acquisitions of Spartech and Glasforms. Earnings per share of 25 cts were in line with analyst estimates as reported by Thomson Reuters (New York). Sales of $923.6 million increased 42% year-over-year (YOY), to $923.6 million. "Our fourth-quarter performance brings to a close another record year for PolyOne," says Steve Newlin, chairman, president, and CEO of PolyOne...

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