PolyOne (POL) Tops Q1 EPS by 3c, Beats on Revenues

PolyOne (NYSE: POL) reported Q1 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $901.6 million versus the consensus estimate of $870.59 million.

"I'm very pleased to report a strong start to the year, as we reported adjusted EPS growth of 15% for the first quarter," said Robert M. Patterson, chairman, president and chief executive officer, PolyOne Corporation. "Our Color, Additives & Inks (CAI) segment led the way with record first quarter operating income, driven by both organic gains and recent acquisitions."

"Our investments in sales, marketing and technology resources continue to drive our performance," added Mr. Patterson. "Over the last three years we have increased the number of commercial associates by over 20%. These investments, coupled with recent specialty acquisitions and favorable foreign exchange, led to a 13% increase in overall sales with every segment and region contributing."

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

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