LyondellBasell Industries N.V. reported impressive first-quarter 2022 earnings of $1.3 billion and EPS of $4.00, significantly outperforming the Zacks Consensus Estimate of $3.48. The company posted revenues of $13.16 billion, exceeding expectations, and is projected to achieve a sales growth rate of 7.1% for the year, bolstered by a 31% rise in its Olefins & Polyolefins unit. Despite anticipated volume pressures from semiconductor shortages, LyondellBasell generated $1.5 billion in operating cash and returned $0.6 billion to shareholders.
“LyondellBasell · expected sales growth for 2022 · sales growth · 7.1%”
“LyondellBasell’s sales are expected to increase · by · 7.1% · true”
“LyondellBasell Industries N.V. · posted profits of · $1,320 million · $4 per share in first-quarter 2022”
“LyondellBasell Industries N.V. · reported revenues of · $13,157 million · in the reported quarter”
“LyondellBasell Industries N.V. · had cash from operating activities of · $1.5 billion · for the first quarter”
“LyondellBasell Industries N.V. · returned · $0.6 billion · to shareholders through dividends and share repurchases”
“LyondellBasell · came out with quarterly earnings of · $4 per share · beating the Zacks Consensus Estimate of $3.48 per share”
“LyondellBasell · posted revenues of · $13.16 billion · surpassing the Zacks Consensus Estimate by 3.15%”
“LyondellBasell · has surpassed consensus EPS estimates · two times · over the last four quarters”
“LyondellBasell · current consensus EPS estimate is · $4.45 · for the coming quarter”
“LyondellBasell · current fiscal year revenues · $51.05 billion · is expected”
“LyondellBasell · has Zacks Rank · #2 (Buy)”