IHS Chemical Week

PolyOne earnings rise

11:43 AM MDT | October 25, 2013

PolyOne has reported third-quarter net income from continuing operations of $23.2 million, up 19.6% year-on-year (YOY), with adjusted net income totaling $35.5 million, or 36 cts/share. Adjusted earnings beat analysts’ consensus estimate of 34 cts/share, as reported by Thomson Reuters (New York). Revenues rose 43%, to $1 billion, due to the acquisitions of Spartech and Glasforms. "While the fourth quarter is seasonally our weakest, we believe we will be able to continue to deliver double-digit adjusted earnings per share growth for the last three months of...

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