LyondellBasell Reports First Quarter 2020 Earnings
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LyondellBasell Industries (LYB) Misses Q1 EPS by 9c, Revenues Miss
May 1, 2020 6:31 AM EDTLyondellBasell Industries (NYSE: LYB) reported Q1 EPS of $1.47, $0.09 worse than the analyst estimate of $1.56. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.6 billion.
First Quarter 2020 Highlights
Net Income: $0.1 billion, $0.5 billion excluding LCM1Diluted earnings per share: $0.42 per share, $1.47 per share excluding LCMEBITDA: $0.6 billion, $1.1 billion excluding LCM, resilient performance in a challenging marketLaunched production at our 500,000 ton U.S. Gulf Coast high-density polyethylene plant using LyondellBasell's next-generation Hyperzone technologyExpanding our presence in China with definitive agreements for an integrated olefins and polyolefins joint venture with Bora using... More