PolyOne revenues increase

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Friday, October 26, 2012
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1 b0 M* ^" |3 P; h8 m! RCleveland, OH - PolyOne reported $740.2 million of revenues for the third quarter of 2012, compared to $735.8 million in the third quarter of 2011. Diluted earnings per share totaled $0.27 in the third quarter of 2012 compared to $0.23 in the third quarter of 2011. Adjusted diluted earnings per share increased 27 percent to $0.33 for the third quarter of 2012, compared to $0.26 in the third quarter last year. “I am very pleased with our record third quarter results, which mark PolyOne’s twelfth consecutive quarter of year-over-year double-digit adjusted earnings per share growth,” said Stephen D. Newlin, chairman, president and chief executive officer. “We delivered record third quarter adjusted earnings per share, driven by our ongoing and successful mix improvement strategy.” “We ended the quarter with $249 million of cash as a result of excellent working capital management. This, coupled with $179 million of availability under our asset-based revolver, leaves us with ample liquidity to fund future growth initiatives and provide returns to shareholders through dividends and share buybacks,” added Richard J. Diemer, Jr., senior vice president and chief financial officer.