New From PetroChem Wire . . . .

NGLs Week

NGLs Week Newsletter  

PetroChem Wire and Genscape have partnered to create NGLs Week, a comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

For more information, click here.

PolyOne first quarter earnings, distribution volumes increase

HOUSTON, April 26, 2016 (PCW) -- PolyOne on Tuesday reported a 29% jump in 1Q earnings from a year earlier after increasing its sales force by 10% last year.

In a conference call with analysts, President and CEO Bob Patterson noted significant growth in the Distribution segment, where 1Q volumes increased by 12%. Sales dollars only increased by 1%.

Some of the year-over-year improvement in distribution volumes was likely due to customers trying to buy more ahead of polymer price increases, especially in February and March, whereas the business saw a destocking trend in 1Q 2015.

PolyOne officials also cited efforts to expand distribution operations in North Central Mexico, including hiring experience local sellers and opening a warehouse facility in San Luis Potosi.

PolyOne's distribution segment had operating margins of 6.5% in the quarter. -- David Barry

Sign Up for RSS Feed  follow us in feedly