LYB - LyondellBasell Reports Mixed Q4 Results Warns On Headwinds From Slow Demand | Benzinga
LyondellBasell Industries N.V. (NYSE:LYB) reported the fourth-quarter fiscal 2023 revenues of $9.93 billion, down from $10.21 billion a year ago, beating the consensus of $9.84 billion.
Adjusted EBITDA stood at $910 million (+5.2% Y/Y), and margin expanded by 70 bps to 9.2%. Adjusted EPS stood at $1.26, missing the consensus of $1.31.
LyondellBasell generated $1.5 billion of cash from operating activities, resulting in 171% cash conversion for the quarter. LYB returned $406 million in dividends to shareholders in Q4.
“During the fourth quarter, LyondellBasell’s businesses delivered exceptional cash conversion amid challenging market conditions while we rapidly moved forward with our strategy. We ...