PolyOne (POL) PT Lowered to $30 at Baird Following 1Q Miss

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Go back to PolyOne (POL) PT Lowered to $30 at Baird Following 1Q Miss

PolyOne Announces First Quarter 2019 Results

April 17, 2019 6:33 AM EDT

CLEVELAND, April 17, 2019 /PRNewswire/ -- PolyOne Corporation (NYSE: POL) today reported its first quarter results for 2019. Consolidated revenue for the first quarter was $900 million, flat with the prior year as growth from acquisitions of 3.5% was offset by a 1.5% reduction in organic sales and a 2% impact due to unfavorable foreign exchange.

GAAP earnings per share were $0.49 in the first quarter of 2019 compared to $0.59 in the first quarter of 2018.  Adjusted earnings per share were $0.64 in the first quarter of 2019 compared to $0.68 for the first quarter of 2018.

"Like many companies in our space,... More