PolyOne Distribution to register strong sales in Q4
24 Dec '07
2 min read
PolyOne Corporation updated its results outlook for the fourth quarter ending December 31, 2007.
Consistent with the Company's prior outlook provided in the October 2007 third quarter earnings release, the Company expects non-vinyl businesses to continue to deliver strong year-over-year earnings improvements, but also confirms the challenging operating environment confronting its Vinyl Business.
Consolidated fourth quarter sales are projected to increase 5% to 7% compared with the fourth quarter of 2006, despite overall market declines and seasonal slowdowns in residential construction.
Aggregate sales for the non-vinyl businesses are projected to grow 7% to 9% compared with the fourth quarter of 2006, generally in line with the prior outlook.
Operating income in aggregate for these businesses is projected to increase substantially from the same period a year ago as a result of actions taken through the year to improve both sales mix and market position.
Consistent with year-to-date performance, International Color and Engineered Materials sales and operating income are expected to demonstrate double-digit growth compared with the fourth quarter of 2006.
PolyOne Distribution is also anticipated to register strong sales and earnings growth for the fourth quarter compared to the same period a year ago.
For the Vinyl Business, weak construction market conditions in addition to typical seasonal slowing, coupled with significantly increased raw material and energy costs, are expected to depress operating margins. Consequently, year-over-year Vinyl Business operating income is projected to decline materially.
marketing@alchempro.com
