PolyOne Announces Fourth Quarter 2009 Results and New Global Organization

Friday, Feb 05, 2010

- Earnings per share of $0.25 versus loss of $3.07 in prior year - Excluding special items and tax adjustments in both periods, earnings per share improve to $0.14 from $0.08 in prior year - Combined operating income from specialty businesses grows nearly tenfold to $18.4 million in the fourth quarter of 2009 from $1.9 million in the fourth quarter of 2008 - Completed acquisition of specialty healthcare company New England Urethane, Inc.

CLEVELAND, Feb. 4 /PRNewswire-FirstCall/ -- PolyOne Corporation (NYSE: POL) today reported net income of $24.0 million, or $0.25 per diluted share on revenues of $552.5 million in the fourth quarter of 2009, compared with a net loss of $282.6 million or $3.07 per diluted share on revenues of $541.8 million in the fourth quarter of 2008. On a comparable basis, earnings per share before special items and one-time tax items increased 75 percent over prior year levels to $0.14 per diluted share compared to $0.08 per diluted share recorded in the fourth quarter of 2008.

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