PolyOne Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 26, 2018 at 06:40 am
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PolyOne Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported sales of $800.6 million against $694.8 million a year ago. Operating income was $45.8 million against $62.1 million a year ago. Income from continuing operations before income taxes was $29.4 million against $47.1 million a year ago. Net income from continuing operations was $35.5 million or $0.43 per diluted share against $35.1 million or $0.42 per diluted share a year ago. Net income attributable to company common shareholders was $38.0 million or $0.46 per diluted share against $33.8 million or $0.40 per diluted share a year ago. Adjusted operating income was $59.2 million against $59.2 million a year ago.
For the full year, the company reported sales of $800.6 million against $694.8 million a year ago. Operating income was $277.5 million against $286.3 million a year ago. Income from continuing operations before income taxes was $212.3 million against $226.6 million a year ago. Net income from continuing operations was $173.6 million or $2.11 per diluted share against $166.2 million or $1.96 per diluted share a year ago. Net loss attributable to company common shareholders was $57.7 million or $0.70 per diluted share against income of $165.2 million or $1.95 per diluted share a year ago. Net cash provided by operating activities was $202.4 million against $227.6 million a year ago. Capital expenditures were $79.6 million against $84.2 million a year ago. Adjusted operating income was $310.0 million against $309.9 million a year ago.
Avient Corporation is a premier formulator of specialized and sustainable materials solutions. The Companyâs products include specialty engineered materials, performance fibers, advanced composites and color and additive systems. The Company operates through two segments: Color, Additives and Inks and Specialty Engineered Materials. The Color, Additives, and Inks segment is a formulator of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks. Color and additive solutions include a range of colors, special effects and performance enhancing and sustainable solutions. It also provides custom-formulated liquid systems. The Specialty Engineered Materials segment is a formulator of specialty and sustainable polymer formulations, services and solutions for designers, assemblers, and processors of thermoplastic materials across variety of markets and end-use applications.