PolyOne Corporation reported its second quarter results. As expected and to drive earnings growth, the company continued to exit certain unprofitable products associated with the Spartech acquisition completed in March of last year. Accordingly, revenues were $1.01 billion for the second quarter of 2014, compared to $1.04 billion in the second quarter of 2013.
PolyOne Corporation reported its second quarter results. As expected and to drive earnings growth, the company continued to exit certain #
These actions, coupled with other ongoing initiatives to expand margins, resulted in a 38% increase in adjusted earnings per share to $0.51 for the second quarter of 2014, up from $0.37 in the second quarter of 2013. Recently announced asset realignment actions taken in Brazil led to higher restructuring costs this quarter. As a result, GAAP earnings per share totaled $0.33 for the second quarter of 2014 versus $0.39 in the second quarter of 2013.
PolyOne Corporation reported its second quarter results. As expected and to drive earnings growth, the company continued to exit certain #
"I am pleased to report adjusted earnings per share increased 38% to $0.51 for the second quarter representing an all-time high for PolyOne," said president and chief executive officer Robert M. Patterson. "This marks our 19th consecutive quarter of year-over-year double-digit adjusted EPS growth – an impressive accomplishment reflecting the power and sustainability of our strategy."
PolyOne Corporation reported its second quarter results. As expected and to drive earnings growth, the company continued to exit certain #
Mr. Patterson added, "Mix improvement continues to be at the heart of our transformation as our specialty businesses reached record levels of operating income and profitability for the quarter. Driven by an expanding portfolio of specialty solutions, our underlying mix of earnings has never been stronger with specialty now contributing two-thirds of our segment income."
PolyOne Corporation reported its second quarter results. As expected and to drive earnings growth, the company continued to exit certain #
PolyOne Corp
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