第三季度Polyone调整后每股收益上涨36%
Adjusted EPS soars 36% at PolyOne in Q3
“As a result of mix improvement and accelerated Spartech synergies, adjusted earnings per share increased 36% to $0.49 for the third quarter of 2014, up from $0.36 in the third quarter of 2013,” PolyOne said.
This quarter was also the 20th consecutive quarter of strong double-digit adjusted earnings per share growth, with adjusted EPS expanding at a 27% compounded annual growth rate over this five-year period.
“Our mix of earnings has never been stronger or more sustainable, and this has translated into market-beating performance for our shareholders," said CEO Robert Patterson.
The producer of specialized polymer materials, reported sales of $958 million for the third quarter of 2014, compared to $1.01 billion in the third quarter of 2013.
PolyOne attributed the marginal decline in sales to exiting certain unprofitable products associated with the Spartech acquisition and operations in Brazil, coupled with recent weakness in Europe.
According to PolyOne, 43% of its specialty segment revenues now come from products introduced in the last five years.
Focus on working capital management and conversion of its accelerating earnings, drove $71 million in free cash flow, giving PolyOne $264 million in cash as of September 30, 2014.
During the quarter, PolyOne leveraged its strong financial position to continue to invest in innovation, realign assets supporting its specialty portfolio and repurchase 1.5 million shares.
Robert Patterson added, "Each of our strategic platforms delivered another outstanding quarter of both operating income and margin expansion.
"Despite softer macroeconomic conditions in Europe, we achieved record-setting third quarter results and we expect to deliver strong double-digit adjusted EPS growth in the fourth quarter and beyond."
译文如下：
第三季度Polyone调整后每股收益上涨36%
在截至
“由于综合改善和加速的协同作用,
2014年第三季度调整后每股收益从2013年的0.36美元增长36%至0.49美元”PolyOne表示。
本季度也是连续第20个季度调整后每股收益增长为两位数,在这五年间调整后每股收益复合年增长率超过27%。
“我们的综合收入从未如此高并持续这么久,这是因为我们的股东市场表现良好,”首席执行官罗伯特·帕特森说道。
专业高分子材料的生产商, 2014年第三季度的销售额报告为9.58亿美元,而2013年第三季度为10.1亿美元。
PolyOne将边际销售下降归因于某些无利可图产品的退场以及Spartech在巴西的收购和运营,加上欧洲最近的疲软。
根据PolyOne,现在专业部门收入的43%来自在过去五年引进的产品。
专注于营运资本管理和加速收益的转换,截至
季度期间,PolyOne利用其强劲的财务状况继续投资于创新,重组资产支持其专业组合并回购150万股。
罗伯特·帕特森补充道,“我们每一个战略平台交付促成了另一个杰出的季度营业收入和利润扩张。
“尽管在欧洲疲软的宏观经济环境下,我们第三季度实现了创纪录的业绩,我们预计在第四季度调整后每股收益增长将达到两位数。”
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