Last €30.09 EUR
Change Today +0.045 / 0.15%
Volume 181.0
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As of 12:48 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

polyone corporation (PY9) Snapshot

Open
€29.32
Previous Close
€30.04
Day High
€30.46
Day Low
€29.32
52 Week High
07/4/14 - €32.43
52 Week Low
07/31/13 - €19.56
Market Cap
2.8B
Average Volume 10 Days
32.0
EPS TTM
--
Shares Outstanding
92.3M
EX-Date
09/10/14
P/E TM
--
Dividend
€0.32
Dividend Yield
0.73%
Current Stock Chart for POLYONE CORPORATION (PY9)

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polyone corporation (PY9) Details

PolyOne Corporation provides specialized polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. The company’s Global Specialty Engineered Materials segment offers specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials for various markets and end-use applications. Its Global Color, Additives, and Inks segment provides specialized color and additive concentrates for thermoplastics; and dispersions for thermosets, as well as specialty inks, plastisols, and vinyl slush molding solutions. The company’s Designed Structures and Solutions segment provides various solutions in engineered polymer structures, rigid barrier packaging, and specialty cast acrylics to produce portfolio of sheet, custom rollstock and specialty films, laminate, and acrylic solutions. This segment also offers stock and custom packaging solutions for various industry processes that are used in the food, medical, consumer, and graphic arts markets. Its Performance Products and Solutions segment provides vinyl molding and extrusion processors to various manufacturers of plastic parts and consumer-oriented products. This segment also offers materials testing and component analysis, custom compound development, colorant and additive, design assistance, structural analysis, process simulations, and extruder screw design services, as well as offers contract manufacturing services and outsourced polymer manufacturing services to resin producers and polymer marketers. The PolyOne Distribution segment distributes approximately 3,500 grades of engineering and commodity grade resins to custom injection molders and extruders. PolyOne Corporation sells its products worldwide through direct sales personnel, sales agents, and distributors. The company was founded in 1927 and is headquartered in Avon Lake, Ohio.

7,000 Employees
Last Reported Date: 02/13/14
Founded in 1927

polyone corporation (PY9) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $546.3K
Executive Chairman and Member of Environmenta...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $50.0K
Executive Vice President of Global Operations...
Total Annual Compensation: $398.1K
Compensation as of Fiscal Year 2013.

polyone corporation (PY9) Key Developments

PolyOne Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

PolyOne Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenues were $1.01 billion for the second quarter of 2014, compared to $1.04 billion in the second quarter of 2013. Net income from continuing operations attributable to PolyOne shareholders was $30.9 million against $38.6 million a year ago. Adjusted net income was $48.3 million or $0.51 EPS against $36.6 million or $0.37 EPS a year ago. Operating income was $49.4 million against $80.7 million a year ago. Income from continuing operations before income taxes was $33.3 million against $62.9 million a year ago. Net income from continuing operations was $30.7 million or $0.33 diluted per share against $38.3 million or $0.39 diluted per share a year ago. Net income attributable to PolyOne common shareholders was $31.7 million or $0.34 diluted per share against $180.9 million or $1.83 diluted per share a year ago. For the six-month period, the company reported sales were $2,007.8 million against $1,838.7 million a year ago. Net income from continuing operations attributable to PolyOne shareholders was $60.3 million against $49.8 million a year ago. Adjusted net income was $90.2 million or $0.95 EPS against $65.5 million or $0.68 EPS a year ago. Operating income was $105.8 million against $121.2 million a year ago. Income from continuing operations before income taxes was $73.2 million against $78.6 million a year ago. Net income from continuing operations was $59.9 million or $0.63 diluted per share against $49.3 million or $0.52 diluted per share a year ago. Net income attributable to PolyOne common shareholders was $61.1 million or $0.64 diluted per share against $196.2 million or $2.05 diluted per share a year ago. Net cash provided by operating activities was $43.8 million against net cash used in operating activities of $25.2 million a year ago. Capital expenditures were $38.0 million against $26.7 million a year ago.

PolyOne Seeks Acquisitions

PolyOne Corporation (NYSE:POL) is seeking acquisitions. Chief Financial Officer Bradley C. Richardson said, "We ended the quarter with $261.5 million in cash. This, coupled with our availability under our asset-based revolver, gives us significant capacity to invest in innovation, aggressively pursue acquisition opportunities and deliver cash to shareholders."

PolyOne to Close Brazilian Plants in Diadema and Joinville

PolyOne announced plans to close its plants in Diadema and Joinville in Brazil. The company did not say when it would close the plants. The company will continue to operate and invest in its Brazilian plants in Novo Hamburgo and Itupeva. The company expects the closings to result in cash costs of $5 million and non-cash charges of $12 million. These are primarily associated with accelerated depreciation and asset impairments.

 

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Industry Analysis

PY9

Industry Average

Valuation PY9 Industry Range
Price/Earnings 36.8x
Price/Sales 0.9x
Price/Book 4.1x
Price/Cash Flow 34.0x
TEV/Sales 0.6x
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