{"id":17452,"date":"2019-11-08T11:08:22","date_gmt":"2019-11-08T10:08:22","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=17452"},"modified":"2019-11-07T11:13:49","modified_gmt":"2019-11-07T10:13:49","slug":"lyondellbasell-reports-third-quarter-2019-earnings","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=17452","title":{"rendered":"LyondellBasell Reports Third Quarter 2019 Earnings"},"content":{"rendered":"<p><b>Third Quarter 2019 Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li style=\"list-style-type: none;\">\n<ul type=\"disc\">\n<li>Net Income: <span class=\"xn-money\">$1.0 billion<\/span><\/li>\n<li>Diluted earnings per share: <span class=\"xn-money\">$2.85<\/span> per share<\/li>\n<li>Quarter included <span class=\"xn-money\">$85 million<\/span> non-cash tax settlement that increased earnings by <span class=\"xn-money\">$0.25<\/span> per share<\/li>\n<li>EBITDA: <span class=\"xn-money\">$1.5 billion<\/span>, resilient performance in a challenging market<\/li>\n<li>Cash from operating activities: <span class=\"xn-money\">$1.9 billion<\/span><\/li>\n<li>Paid dividends and repurchased 37 million shares totaling <span class=\"xn-money\">$3.6 billion<\/span><\/li>\n<li>Refinanced over <span class=\"xn-money\">$2 billion<\/span> of debt at favorable rates<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>LyondellBasell Industries (NYSE: LYB) announced net income for the third quarter 2019 of <span class=\"xn-money\">$1.0 billion<\/span>, or <span class=\"xn-money\">$2.85<\/span> per share, which included an <span class=\"xn-money\">$85 million<\/span> non-cash tax settlement that increased earnings by <span class=\"xn-money\">$0.25<\/span> per share.\u00a0 Third quarter 2019 EBITDA was <span class=\"xn-money\">$1.5 billion<\/span>.\u00a0 Integration activities related to the acquisition of A. Schulman are on schedule and expected to generate approximately <span class=\"xn-money\">$125 million<\/span> in forward annual run-rate synergies as of the close of the third quarter.\u00a0 After tax costs related to integration rose to <span class=\"xn-money\">$33 million<\/span> for the quarter and impacted third quarter earnings by <span class=\"xn-money\">$0.10<\/span> per share.<\/p>\n<p>&#8220;LyondellBasell demonstrated resilient performance by achieving a third consecutive increase in quarterly earnings per share with its leading portfolio, advantaged global positions, and disciplined capital allocation.\u00a0 Strong margins for our North American ethylene and Oxyfuels &amp; Related Products businesses were supported by abundant supplies of low-cost, shale-based natural gas liquid feedstocks.\u00a0 Our global Olefins &amp; Polyolefins businesses benefited from typical seasonal strength in demand for consumer driven non-durable products with polyolefin sales volume increasing by 5% relative to the second quarter.\u00a0 Market headwinds from softer demand and compressing margins for styrene impacted the profitability for our Intermediates &amp; Derivatives segment.\u00a0 Our refinery ran reliably at 99% of nameplate capacity and margins increased with improved availability of favorably-priced heavy sour crude oils in the <span class=\"xn-location\">Houston<\/span> market,&#8221; said <span class=\"xn-person\">Bob Patel<\/span>, LyondellBasell CEO.<\/p>\n<p>&#8220;We continued to execute our disciplined capital allocation strategy during the third quarter.\u00a0 In September, we moved forward on our value-driven approach to growth with a long-term propylene supply contract and discussions to build a joint venture chemical complex in northeast China.\u00a0 During July, we completed a tender offer for 35.1 million shares that demonstrated our views on the value of our company and the outlook for our businesses.\u00a0 Over the past few weeks, we successfully refinanced over <span class=\"xn-money\">$2 billion<\/span> of debt in a favorable interest rate environment,&#8221; Patel said.<\/p>\n<p><b>OUTLOOK<\/b><\/p>\n<p>&#8220;Our businesses continue to benefit from low-cost natural gas liquid feedstocks with favorable prices persisting into October.\u00a0 We expect to see typical seasonal softening of demand in the final months of the year.\u00a0 At the same time, profitability at our <span class=\"xn-location\">Houston<\/span> refinery should begin to improve during the fourth quarter with increasing demand for low-sulfur marine fuels ahead of the IMO 2020 regulation deadline,&#8221; Patel said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LyondellBasell Industries announced net income for the third quarter 2019 of $1.0 billion, or $2.85 per share, which included an $85 million&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-17452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/17452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17452"}],"version-history":[{"count":3,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/17452\/revisions"}],"predecessor-version":[{"id":17455,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/17452\/revisions\/17455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/7408"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17452"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=17452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}