Strong profit
Continuous operating income: 4.9 billion
Diluted earnings per share: $ 12.28 / share
US tax reform provided a one-time $ 819 million non-cash gain in the fourth quarter.
That is, before interest, taxes, depreciation and amortization of profits (EBITDA): 7.1 billion
Strong business and development planning process
Output increased significantly, compared with the previous year, a 13% increase in global ethylene production, crude oil production increased by 17%.
Begin construction of 1.1 billion pounds (about 500,000 tons) of Hyperzone HDPE plant in La Porte, Texas, USA
Final investment decision was reached and preparation of site for new PO / TBA plant in Texas started
Opened a new PP compound plant in China and a joint venture with SUEZ to set up a high quality polymer recycling business.
Strong cash flow and shareholder return
The annual operating cash value added totaled 5.2 billion U.S. dollars, of which the free cash flow yield was 8.4%.
In the second quarter, the ninth dividend was raised to $ 0.90 per share
Dividends totaled 1.4 billion U.S. dollars and capital expenditures 1.5 billion U.S. dollars
Repurchase 1,000 shares, return shareholders 866 million US dollars
S & P Global's senior unsecured debt rating rose to BBB +
2017 Q4 Focuses
Income from continuing operations: 1.9 billion U.S. dollars
Diluted earnings per share: $ 4.80 / share, including gains from the U.S. tax reform
EBITDA: 1.7 billion US dollars
Compared with the previous quarter, the fourth quarter of 2016 and the full year of 2016, please refer to the following table:
Leander Basel Industries (NYSE: LYB) today announced fourth-quarter 2017 revenue of $ 1.9 billion in continuing operations, or $ 4.80 a share, in the fourth quarter of 2017. EBITDA for the fourth quarter of 2017 was $ 1.7 billion. Revenues for the quarter included a one-time $ 819 million non-cash benefit provided by the U.S. tax reform, a net deferred income tax liability of $ 2.07 per share, and a $ 4.9 billion revenue for the full-year 2017 operating segment, Shares of 12.28 US dollars, EBITDA of 7.1 billion US dollars in the first quarter, the company for $ 106 million in after-tax costs of refinancing a billion dollars in bonds sold in September in France Geosel pipeline and storage system due to net deferral Income tax liabilities decreased, reducing another $ 819 million in non-cash earnings in the fourth quarter, which was positively affected by the above events throughout 2017. In summary, the net effect of bond refinancing, Geosel earnings and tax reform gains was positive Affecting 2017 full year, making earnings per share increase of 2.05 US dollars.
'We proved strong earnings performance under dynamic market conditions in 2017. Reanda Basel's sales increased and EBITDA improved and its profit growth against the background of ample new capacity in the industry. The global olefins and polyolefins segment, coupled with the relatively stable intermediates and derivatives business portfolio, provided a flexible platform for earnings in 2017. Olefins and Polyolefins - The outstanding performance in Europe, Asia and the international sector enabled the Company to A record EBITDA record in four years, with global operating rates remaining strong in 2017 thanks to delays in new capacity, insufficient production due to Hurricane Harvey and improvements in the Chinese market. By leveraging a new polypropylene compound in China Plant, a joint venture with SUEZ to set up a high-quality polymer recycling business to drive development plans at La Portaud, Texas, to build a new Hyperzone HDPE plant and final investment decisions to build the world's largest PO / TBA plant. "CEO of Leander Basel Bob Patel said.
