29 January 2013 23:43 [Source: ICIS news]
HOUSTON (ICIS)--PolyOne had a record fourth quarter for 2012, increasing revenues by 6% year over year, the ?xml:namespace>
Revenues for the fourth quarter totalled $679.4m (€502.8m), up from $640.4m for the same time in 2011.
Full-year revenues for 2012 jumped 4.5% to $3.0bn, up from $2.9bn in 2011.
“The fourth quarter caps another strong year of performance by PolyOne,” said Stephen D. Newlin, PolyOne’s chairman, president and CEO. “For the full year, each of our three strategic platforms achieved record levels of operating income and operating margins, despite recessionary conditions in
Regarding the company’s outlook for this year, Newlin said, “In 2013, we are targeting double-digit expansion of adjusted earnings per share. We do not view recovery in
PolyOne, which is headquartered in
($1 = €0.74)
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