PolyOne Adjusted Earnings Rise

PolyOne has reported fourth-quarter net income of $12.3 million, or 13 cts/share, down 86% from the-year ago period. However, the fourth-quarter of 2010 included a significant favorable tax adjustment, and the fourth-quarter of 2011 included a number of acquisition and tax-related items. Excluding these items, adjusted earnings for the fourth-quarter of 2011 totaled $16.7 million, or 18 cts/share, up 16% from the year-ago period. This beat analyst estimates of 14 cts/share, as reported by Thomson One (New York).   Specialty engineered materials sales were up...

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