IHS Chemical Week

PolyOne net income declines

12:02 PM MDT | May 2, 2013

PolyOne reported first-quarter net income from continuing operations down 26.8% year-on-year (YOY), to $11.2 million, on sales up 7.5%, to $801.1 million. Adjusted earnings, however, were up 29%, to 31 cts/share, beating analysts’ consensus of 26 cts/share, as reported by Thomson Reuters. The adjusted earnings figure excludes some restructuring and debt repayment charges. The Spartech acquisition contributed $54.7 million to sales and was earnings-neutral, PolyOne says. The company’s vinyls resin assets, which are being sold to Mexichem for $250 million, have...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


Forgot your user ID or password? Click here to have it sent to you.

contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa