LyondellBasell Industries NV is a leading global producer of olefins, polyolefins, and polypropylene, with a strong focus on North America. LYB is transitioning to recycling and renewable polymers, aiming to recycle 2M tons per year by 2030, enhancing its sustainability. The company has a robust dividend history, recently yielding 6.9%, and is considered a reliable conservative investment with a strong balance sheet.
LyondellBasell Industries N.V. (NYSE:LYB ) Goldman Sachs Industrials and Materials Conference December 4, 2024 8:00 AM ET Company Participants Michael McMurray - CFO Conference Call Participants Duffy Fischer - Goldman Sachs Duffy Fischer Awesome.
LyondellBasell offers a compelling value proposition with a 6.3% dividend yield. Despite Q3 challenges, LYB's Olefins & Polyolefins Americas segment showed strong growth, highlighting operational strength amid higher feedstock costs and oversupply. LYB's strategic focus on low-cost and circular solutions, along with value-enhancing programs, positions it for long-term growth and earnings rebound.
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LyondellBasell Industries has underperformed, losing 4% over the past year and falling 15% from its 52-week high due to weak Chinese demand. Despite solid US performance, global results are challenged, with European operations exploring strategic alternatives and the refining unit facing closure. LYB maintains a strong balance sheet with a 6.2% dividend yield, but lacks upward momentum due to declining returns on capital and slow economic growth.
Although the revenue and EPS for LyondellBasell (LYB) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
LyondellBasell Industries N.V. (NYSE:LYB ) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants David Kinney - Head of Investor Relations Peter Vanacker - Chief Executive Officer Michael McMurray - Executive Vice President and Chief Financial Officer Kim Foley - Executive Vice President of Global Olefins & Polyolefins and Refining Aaron Ledet - Executive Vice President of Intermediates & Derivatives and Supply Chain Torkel Rhenman - Executive Vice President of Advanced Polymer Solutions Conference Call Participants Vincent Andrews - Morgan Stanley Patrick Cunningham - Citi David Begleiter - Deutsche Bank Jeffrey Zekauskas - JPMorgan Aleksey Yefremov - KeyBanc Capital Markets Joshua Spector - UBS Frank Mitsch - Fermium Research Michael Sison - Wells Fargo Kevin McCarthy - Vertical Research Partners Hassan Ahmed - Alembic Global Advisors Operator Hello, and welcome to the LyondellBasell Teleconference.
LYB sees higher polyethylene margins in North America in Q3, driven by favorable ethane and natural gas costs and higher polyethylene prices.
LyondellBasell (LYB) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.46 per share a year ago.
LYB's third-quarter performance is likely to have benefited from favorable demand and lower feedstock and energy costs amid storm-related headwinds.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for LyondellBasell (LYB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.