02/12/2010

PIE - News-Ticker on Plasteurope.com

PolyOne: Earnings turnaround reported for Q4 2009

US compounder and distributor PolyOne (Akron, Ohio; www.polyone.com) swung back into profit in Q4 2009, posting net income of USD 24m after a net loss of USD 282.6m in the 2009 quarter. The company said the result was also an improvement against the third quarter, when it posted net profit of USD 49.6m.


For 2011, PolyOne is "cautiously optimistic about the economy,” while warning that the government stimulus packages that helped last year may not continue. While hinting at expanding earnings the company said gains could be partially offset by a decline in earnings at equity investment Sunbelt and "raw material inflation.”

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