LyondellBasell Reports First Quarter 2021 Earnings

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Go back to LyondellBasell Reports First Quarter 2021 Earnings

LyondellBasell Industries (LYB) Tops Q1 EPS by 59c, Revenues Miss

April 30, 2021 6:33 AM EDT

LyondellBasell Industries (NYSE: LYB) reported Q1 EPS of $3.18, $0.59 better than the analyst estimate of $2.59. Revenue for the quarter came in at $9.08 billion versus the consensus estimate of $9.09 billion.

"First quarter performance built upon the economic momentum we saw toward the end of last year. We experienced persistently strong consumer-driven demand, recovery in durable goods markets and industry supply constraints, which enabled price increases and drove margin improvements for many of our products. During February, unusually cold weather and related power outages impacted operations in our industry across the state of Texas and... More