Mr. Patterson continued, "With the acquisition of Spartech completed over one year ago, our integration efforts and previously announced manufacturing realignment are accelerating Specialty platform growth. Our customers remain our number one priority, and we're providing value to them through increased delivery, quality and service levels. We are on pace to achieve our stated goal of generating $0.50 in adjusted earnings per share accretion from Spartech in 2015." Executive Vice President and Chief Financial Officer, Bradley C. Richardson said, "We ended the quarter with $238 million in cash and $566 million in total liquidity. Our ability to invest in innovation, commercial resources, and return value to shareholders has never been stronger."
PolyOne Corporation reported $1 billion in revenue for the first quarter of 2014, a 25% increase compared to $801 million in the first quarter of #
Mr. Richardson continued, "During the quarter, we repurchased approximately 1.4 million shares at an average price of $35.42, bringing the total share buyback since April of 2013, to 6.4 million. We expect to complete the repurchase of all 10 million shares issued in conjunction with the acquisition of Spartech by the first quarter of 2015."
PolyOne Corporation reported $1 billion in revenue for the first quarter of 2014, a 25% increase compared to $801 million in the first quarter of #
Commenting on the Company's outlook, Mr. Newlin said, "We are off to a very strong start in 2014, and I couldn't be more pleased with our momentum and the strength of our earnings growth. I am confident we will continue to innovate and execute to add value that will help our customers grow, and at the same time deliver market-beating performance for PolyOne shareholders. In this regard, we remain very focused on our stated goal of $2.50 adjusted earnings per share by 2015, and we also expect strong double-digit EPS growth for many years to follow."
PolyOne Corporation reported $1 billion in revenue for the first quarter of 2014, a 25% increase compared to $801 million in the first quarter of #
About PolyOne
PolyOne Corporation, with 2013 revenues of $3.8 billion, is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.
PolyOne Corporation reported $1 billion in revenue for the first quarter of 2014, a 25% increase compared to $801 million in the first quarter of #
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