Markets :: Plastics :: PET
PolyOne's Earnings Soar on Increased Volume, Demand
7:56 AM MDT | May 5, 2010 | Lindsey Bewley
PolyOne reported first-quarter net income of $18.4 million, compared to a net loss of $17.7million for the year-ago period. Earnings per share were 19 cts/share, beating analyst estimates of 16 cts/share, as reported by Thomson One (New York). Sales rose 36%, to $630.4 million, driven by a 27% increase in volume. New business gains and improving demand conditions also boosted earning, PolyOne says. Operating income before special items quadrupled, to $34.4 million. However, the company posted a 94% decline in equity earnings from the company’s...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee