NYSE$LYB

LyondellBasell Industries NV · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

LyondellBasell reported resilient results amidst challenging market conditions.

LyondellBasell's Q1 2020 net income was $0.1 billion, or $0.42 per share. The results were impacted by a $351 million non-cash, inventory valuation charge (LCM) and $13 million of integration costs. EBITDA was $0.6 billion, or $1.1 billion excluding LCM.

  • Net Income: $0.1 billion, $0.5 billion excluding LCM
  • Diluted earnings per share: $0.42 per share, $1.47 per share excluding LCM
  • EBITDA: $0.6 billion, $1.1 billion excluding LCM, resilient performance in a challenging market
  • Launched production at our 500,000 ton U.S. Gulf Coast high-density polyethylene plant using LyondellBasell's next-generation Hyperzone technology

Headline financials

Total Revenue

$7.49B

Previous: $8.78B-14.6%
EPS (adj)

$1.47

Previous: $2.19-32.9%
Capital Expenditures

-$660M

Previous: -$599M-10.2%
Free Cash Flow

-$516M

Previous: $218M-336.7%
Net Income

$144M

Previous: $817M-82.4%
Operating Income

$304M

Previous: $1.02B-70.1%
Gross Profit

$626M

Previous: $1.33B-53.0%
Cash & Equivalents

$1.6B

Previous: $339M+370.8%
Total Assets

$31.1B

Previous: $29.9B+4.1%
Stock-Based Comp

$16M

Previous: $12M+33.3%

Revenue & EPS history

LyondellBasell · Revenue · Quarterly

$7.49B

Q1 2020-14.6%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The effects from the coronavirus pandemic, low crude oil pricing and a slowing economy will increasingly impact our businesses during the second quarter. In April and May, our order books indicate strong ongoing demand for our polyolefins used in consumer packaging and medical applications. Weak demand from markets for industrial and durable products is expected to persist. Our Refining and Oxyfuels & Related Products businesses will be impacted by significantly lower demand for transportation fuels.

Tailwinds

  • Taking actions to manage risk by accelerating cost savings initiatives
  • Aggressively managing working capital
  • Reducing 2020 capital expenditures by $500 million
  • Increasing liquidity to over $5 billion during April
  • Committed to maintaining a disciplined approach to capital allocation with a focus on funding our dividend

Headwinds

  • Effects from the coronavirus pandemic will increasingly impact businesses
  • Low crude oil pricing will impact businesses
  • Slowing economy will impact businesses
  • Weak demand from markets for industrial and durable products is expected to persist
  • Refining and Oxyfuels & Related Products businesses will be impacted by significantly lower demand for transportation fuels

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.4%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+9.0%

Q2 2012

Best reaction

-7.8%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.5%-1.5%-10.8%
Q1 2026+2.1%-1.5%-10.8%
Q3 2025+2.3%-2.7%+8.4%
Q2 2025-7.8%-14.5%-2.7%
Q1 2025+0.3%-1.8%-5.3%
Q4 2024-0.6%+1.1%+0.9%
Q3 2024-3.1%-0.5%-4.0%
Q2 2024-5.7%-3.4%+0.6%
Q1 2024+2.0%-0.2%-1.1%
Q4 2023-1.5%-0.1%+5.1%
Q3 2023+0.8%+0.0%+4.8%
Q2 2023+2.0%+3.0%+4.7%
Q1 2023+2.4%-2.0%-4.4%
Q4 2022+2.5%+2.6%+0.9%
Q3 2022-7.3%-5.2%+5.2%
Q2 2022-1.8%-3.3%-1.9%
Q1 2022+1.8%+9.3%+10.3%
Q4 2021+0.9%+4.7%+2.2%
Q3 2021-2.1%-2.9%-7.2%
Q2 2021-1.6%-3.5%+2.3%
Q1 2021+0.4%+4.2%+4.8%
Q4 2020-0.6%+2.3%+18.2%
Q3 2020-0.4%-3.7%+21.7%
Q2 2020-4.8%+0.8%+4.4%
Q1 2020-6.2%-10.1%+10.0%
Q4 2019-5.5%+0.8%-14.4%
Q3 2019+7.8%+8.2%+3.2%
Q2 2019-6.4%-6.8%-5.0%
Q1 2019+0.5%-2.5%-12.1%
Q4 2018+0.8%+0.3%-2.2%
Q3 2018+0.9%+5.3%+5.2%
Q2 2018+4.2%+4.2%+4.0%
Q1 2018-0.7%-1.6%+6.8%
Q4 2017-7.5%-6.2%-8.8%
Q3 2017+4.7%+2.2%+3.1%
Q2 2017+4.1%+2.1%+4.3%
Q1 2017-4.5%-6.3%-7.7%
Q4 2016+1.3%-2.2%-1.6%
Q3 2016-2.7%-1.4%+14.6%
Q2 2016-5.2%-6.9%+0.2%
Q1 2016-2.7%
Q4 2015-2.3%
Q3 2015-2.2%
Q2 2015+4.4%
Q1 2015+6.1%
Q4 2014+4.1%
Q3 2014-7.6%
Q2 2014+7.1%
Q1 2014+1.9%
Q4 2013-1.1%
Q3 2013-0.3%
Q2 2013-0.5%
Q1 2013+0.9%
Q4 2011+2.9%
Q4 2012-3.7%
Q3 2012-0.0%
Q2 2012+9.0%
Q1 2011-6.3%
Q1 2012-6.3%
Q3 2011+1.1%
Q2 2011+4.2%
Q4 2010+1.7%
Q3 2010-0.5%
Q2 2010-4.3%
Q1 2010

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