07.25.17
PolyOne Corporation reported its second quarter results for 2017. GAAP EPS loss of $2.20 is due to the loss from the sale of Designed Structures and Solutions (DSS), which is now presented as discontinued operations. This compares to GAAP EPS of $0.59 in the prior year second quarter.
“The last few weeks mark an important inflection point in our specialty journey as we have completed the divestiture of DSS and reinvested the proceeds to acquire Rutland and Mesa,” said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. “These portfolio actions enable us to focus on our core areas of expertise and better serve our customers with an expanded offering of specialty solutions.
“Our customers recognize and value the important role of color and design in their products as the ultimate expression of consumer preference,” Patterson added. “Both Rutland and Mesa share PolyOne’s passion for innovative color solutions and make great additions to our specialty portfolio.
“I’m pleased with our success in driving revenue growth - and especially proud that all four of our segments delivered organic top line expansion for the second consecutive quarter,” he concluded.
“The last few weeks mark an important inflection point in our specialty journey as we have completed the divestiture of DSS and reinvested the proceeds to acquire Rutland and Mesa,” said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. “These portfolio actions enable us to focus on our core areas of expertise and better serve our customers with an expanded offering of specialty solutions.
“Our customers recognize and value the important role of color and design in their products as the ultimate expression of consumer preference,” Patterson added. “Both Rutland and Mesa share PolyOne’s passion for innovative color solutions and make great additions to our specialty portfolio.
“I’m pleased with our success in driving revenue growth - and especially proud that all four of our segments delivered organic top line expansion for the second consecutive quarter,” he concluded.