News Recap: LyondellBasell Industries N.V. (NYSE: LYB)

On 22 Nov 2019, LyondellBasell Industries N.V. (NYSE: LYB) changed 0.00% to recent value of $93.34. The stock transacted 1263154 shares during most recent day however it has an average volume of 2438.31K shares. It spotted trading -5.63% off 52-week high price. On the other end, the stock has been noted 36.04% away from the low price over the last 52-weeks.

LyondellBasell Industries (LYB) recently reported net income for the third quarter 2019 of $1.0B, or $2.85 per share, which included an $85M non-cash tax settlement that increased earnings by $0.25 per share.  Third quarter 2019 EBITDA was $1.5B.  Integration activities related to the acquisition of A. Schulman are on schedule and predictable to generate about $125M in forward yearly run-rate synergies as of the close of the third quarter.  After tax costs related to integration rose to $33M for the quarter and influenced third quarter earnings by $0.10 per share.

“We continued to execute our disciplined capital allocation strategy during the third quarter.  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.  During July, we completed a tender offer for 35.1M shares that demonstrated our views on the value of our company and the outlook for our businesses.  Over the past few weeks, we successfully refinanced over $2B of debt in a favorable interest rate environment,” Patel stated.

Three months ended September 30, 2019 versus three months ended June 30, 2019 – EBITDA increased $18M versus the second quarter 2019.  Contrast with the previous period, olefins results increased $120M.  Ethylene margin improved as the price of ethylene increased and feedstock prices declined.  Ethylene volume reduced Because of planned maintenance.  Polyolefins results reduced about $100MBecause of a spread decrease for polyethylene over ethylene of over $220 per ton, partially offset by a raise in polyolefin volume.

Three months ended September 30, 2019 versus three months ended September 30, 2018 – EBITDA reduced $51M versus the third quarter 2018.  Contrast with the previous period, olefins results increased over $150M.  Ethylene margin expanded primarily Because of reduced feedstock prices.  Polyolefin results reduced $215M driven by a spread decline in polyethylene over ethylene of over $320 per ton, partially offset by a raise in polyolefin volume.

 LYB has a gross margin of 15.40% and an operating margin of 11.60% while its profit margin remained 9.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 18.20% for this year while earning per share for the next 5-years is expected to reach at 2.95%.  The company has 329.45M of outstanding shares and 255.38M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.19% from the mean of 20 days, 3.85% from mean of 50 days SMA and performed 9.43% from mean of 200 days price. Company’s performance for the week was -2.77%, 5.64% for month and YTD performance remained 12.24%

 

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