PolyOne (POL) Reports In-Line Q4 EPS, Revenues Beat

PolyOne (NYSE: POL) reported Q4 EPS of $0.41, in-line with the analyst estimate of $0.41. Revenue for the quarter came in at $834 million versus the consensus estimate of $822.49 million.

"For the ninth consecutive year we have delivered adjusted EPS growth. This is a testament to the execution of our four-pillar strategy, our world-class service and the dedication of our global associates," said Robert M. Patterson, Chairman, President and Chief Executive Officer, PolyOne Corporation. "Our investments in commercial resources and specialty acquisitions continue to drive our expansion with our Color, Additives and Inks segment leading the way. For the year, Color increased revenue and operating income by 17% and 14%, respectively."

Mr. Patterson added, "Overall, I am incredibly pleased with our performance this year when considering that we incurred significantly higher raw material and logistics costs. We also overcame a more recent slowdown in demand in certain end markets and geographies which negatively impacted the second half of the year."

Commenting on the company\'s outlook, Mr. Patterson said, "Many companies are citing softening conditions in certain end markets and geographies. We certainly saw this at the end of 2018 and expect these conditions to continue into the beginning of this year. Fortunately, with the investments we have made, the breadth of our portfolio of technologies, and the organization we have in place, we are better positioned to navigate these near-term dynamics than ever before."

Mr. Patterson added, "Most importantly, we will continue to focus on executing our four-pillar strategy so that we can serve our customers with excellence and deliver for them and our shareholders over the long term."

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

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