Upcoming AWS Coverage on Albemarle Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 14, 2017 /Active Wall St. announces its post-earnings coverage on LyondellBasell Industries N.V. (NYSE: LYB). The Company reported its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 03, 2017. The Houston and London-headquartered Company's quarterly sales and other operating revenues grew on a year-over-year basis, beating market consensus estimates. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of LyondellBasell Industries' competitors within the Specialty Chemicals space, Albemarle Corp. (NYSE: ALB), announced on January 18, 2017, that it will release its Q4 2016 earnings after the NYSE closes on Monday, February 27, 2017. The company will hold its conference call to discuss Q4 2016 results on Tuesday, February 28, 2017, at 9:00 a.m. ET. AWS will be initiating a research report on Albemarle in the coming days.

Today, AWS is promoting its earnings coverage on LYB; touching on ALB. Get our free coverage by signing up to http://www.activewallst.com/register/.

Earnings Reviewed

In Q4 FY16, LyondellBasell reported sales and other operating revenues of $7.75 billion compared to $7.07 billion recorded at the end of Q4 FY15. Sales and other operating revenue numbers for Q4 FY16 beat market consensus estimates of $7.18 billion.

The oil refiner and chemical Company's net income from continuing operations came in at $770 million, or $1.89 per diluted share, in Q4 FY16, compared to $797 million, or $1.78 per diluted share, in Q4 FY15. Excluding the LCM (lower of cost or market) adjustment, earnings from continuing operations during Q4 FY16 totaled $788 million, or $1.94 per diluted share, versus $982 million, or $2.20 per diluted share, in Q4 FY15. Furthermore, the reported quarter earnings also included a $58 million lump sum pension settlement and $61 million non-cash, out-of-period cumulative correction. Wall Street had expected the Company to report adjusted net income from continuing operations of $2.11 per diluted share.

For FY16, LyondellBasell's sales and other operating revenues came in at $29.18 billion compared to $32.74 billion in the previous year's same period. The Company reported net income from continuing operations of $3.85 billion, or $9.15 per diluted share, in FY16 versus $4.48 billion, or $9.60 per diluted share, in FY15. Excluding the LCM adjustment, earnings from continuing operations for FY16 stood at $3.87 billion, or $9.20 per diluted share, compared to $4.83 billion, or $10.35 per diluted share, in FY15.

Operational Metrics

During Q4 FY16, LyondellBasell's selling, general, and administrative expenses were $253 million versus $201 million in the prior year's same quarter. The Company's operating income for Q4 FY16 came in flat at $1.05 billion. The Company reported EBITDA of $1.41 billion in Q4 FY16 versus $1.39 billion in the Q4 FY15. Additionally, EBITDA, excluding the LCM adjustment for Q4 FY16 was $1.44 billion compared to $1.68 billion in the same period last year.

Segment-wise

LyondellBasell's Olefins and Polyolefins - Americas segment's sales and other operating revenues grew to $2.41 billion in Q4 FY16 from $2.22 billion in Q4 FY15. The segment's EBITDA for the reported quarter was $563 million versus $775 million in the previous year's same quarter.

For Q4 FY16, Olefins and Polyolefins - Europe, Asia, and International segment's sales and other operating revenues were $2.65 billion compared to $2.67 billion in the previous year's corresponding quarter. Furthermore, the segment reported EBITDA of $398 million in Q4 FY16 versus $427 million in the prior year's comparable quarter.

Intermediates & Derivatives segment's sales and other operating revenues increased during Q4 FY16 to $1.95 billion from $1.66 billion in Q4 FY15. During the reported period, the segment's EBIDTA rose to $306 million from $212 million in Q4 FY15.

In Q4 FY16, Refining segment's sales and other operating revenues grew to $1.56 billion from $1.16 billion in Q4 FY15. Furthermore, the segment reported positive EBIDTA of $81 million in Q4 FY16 against a negative EBIDTA of $59 million in the prior year's same quarter.

The Company's Technology segment reported sales and other operating revenues of $116 million in Q4 FY16 compared to $122 million in the previous year's same period. The segment's EBIDTA for the reported quarter was $61 million versus $65 million in Q4 FY15.

Cash Flow & Balance Sheet

During Q4 FY16, net cash provided by operating activities increased to $1.71 billion from $1.16 billion in the prior year's corresponding quarter. At the close of books on December 31, 2016, LyondellBasell had $875 million in cash and cash equivalents compared to $924 million at the close of books on December 31, 2015. The Company's long-term debt increased during the reported year, which stood at $8.39 billion as on December 31, 2016, compared to $7.67 billion as on December 31, 2015.

Share Repurchase

In Q4 FY16, LyondellBasell repurchased 5.2 million shares, or approximately 1.3% of the shares outstanding on October 01, 2016. During Q4 FY16, the Company had returned a total of $783 million to its shareholder through share repurchases and dividends. Furthermore, in full year FY16, the Company had repurchased 37 million shares, or approximately 8% of the shares outstanding on January 01, 2016, and had returned a total of $4.3 billion to its shareholder by means of share repurchases and dividends.

Stock Performance

On Monday, February 13, 2017, the stock closed the trading session at $92.22, marginally up by 0.39% from its previous closing price of $91.86. A total volume of 2.64 million shares have exchanged hands. LyondellBasell Industries' stock price rallied 11.74% in the last three months, 23.63% in the past six months, and 24.34% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 7.51%. The stock is trading at a PE ratio of 10.12 and has a dividend yield of 3.69%.

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