LyondellBasell Industries Second Quarter 2024 Earnings: Beats Expectations

LyondellBasell Industries (NYSE:LYB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$10.6b (up 2.4% from 2Q 2023).
• Net income: US$924.0m (up 30% from 2Q 2023).
• Profit margin: 8.8% (up from 6.9% in 2Q 2023).
• EPS: US$2.82 (up from US$2.19 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LyondellBasell Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 31%.

Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.8%.

Performance of the American Chemicals industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for LyondellBasell Industries that we have uncovered.

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