LYB - LyondellBasell Reports Mixed Q1 Performance Amid Global Market Shifts Hopes On Seasonal Demand Improvements | Benzinga
LyondellBasell Industries N.V. (NYSE:LYB) reported first-quarter fiscal 2024 revenues of $9.925 billion, down from $10.25 billion a year ago, beating the consensus of $9.73 billion.
Adjusted EBITDA stood at $1.06 billion (-26.8% Y/Y), and the margin contracted by 346 bps to 10.7%.
Adjusted EPS stood at $1.53, down from $2.50 a year ago, beating the consensus of $1.37.
The company mentioned that lower natural gas costs in North America boosted olefins and polyolefins margins, with improved polyethylene demand, ...