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Markets :: Plastics :: Polyvinyl chloride
PolyOne’s Earnings Slide on One-time Charges and Weak Vinyls
3:06 PM MDT | October 30, 2007
PolyOne reported third-quarter net income of $2.3 million (2 cts/share), down 88% compared to the same period last year. The most recent quarter included special charges totaling 12 cts/share. Sales were about flat, at $664.8 million. PolyOne’s non-vinyls and international color and engineered materials segments each reported growth in earnings and sales, but vinyls was hurt by weak residential and construction markets, the company says. For the fourth quarter, PolyOne expects “seasonal slowing in most markets, as well as further weakness in North...
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