LyondellBasell Industries (LYB) Misses Q4 EPS by 43c, Revenues Miss

LyondellBasell Industries (NYSE: LYB) reported Q4 EPS of $1.83, $0.43 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $8.18 billion versus the consensus estimate of $8.43 billion.

Highlights

• Net Income: $0.6 billion in the fourth quarter; $3.4 billion in 2019
• Diluted earnings per share: $1.83 per share in the fourth quarter; $9.58 per share in 2019
• EBITDA: $1.2 billion in the fourth quarter; $5.7 billion in 2019
• Record quarterly and annual EBITDA for the Technology segment
• Cash from operating activities of $1.2 billion in the fourth quarter; $5.0 billion in 2019
• Returned $5.2 billion to shareholders in the form of dividends and repurchased shares in 2019

OUTLOOK

"Our foundations of operational excellence, cost management and disciplined capital allocation continue to serve us well in the current challenging environment. We anticipate typical seasonal improvements for our businesses as we progress through the second and third quarters of 2020. Favorable resolution of trade policies and a rebound in industrial demand could provide significant upside for our industry. With the expected benefits from the IMO 2020 regulations for our Houston Refinery and the completion of our new Hyperzone project, we are well-poised to extend LyondellBasell's outstanding track record of cash generation," said Patel.

For earnings history and earnings-related data on LyondellBasell Industries (LYB) click here.

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