PolyOne (POL) Tops Q1 EPS by 5c

PolyOne (NYSE: POL) reported Q1 EPS of $0.59, $0.05 better than the analyst estimate of $0.54. Revenue for the quarter came in at $898.8 million versus the consensus estimate of $860.52 million.

"Our investment in commercial resources over the last two years proved to be the difference-maker, as we delivered the top line growth needed to drive our strong overall results," said Robert M. Patterson, chairman, president and chief executive officer, PolyOne Corporation. "In total, revenue increased 6% to $899 million compared to $847 million in the prior year. Through increased sales force efficiency and effectiveness, new products and value-added services, we achieved broad-based organic sales growth of 5%."

For earnings history and earnings-related data on PolyOne (POL) click here.

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