LYONDELLBASELL INDUSTRIES N.V Reports Q2 FY2023 Earnings Results on August 4 2023
August 10, 2023
🌥️Earnings Overview
On August 4 2023, LYONDELLBASELL INDUSTRIES N.V ($NYSE:LYB) announced their results for the second quarter of FY2023, which ended on June 30 2023. Total revenue was USD 10.3 billion, a decrease of 30.5% from the same quarter in FY2022. Their net income also saw a dramatic decrease of 56.7% year over year, coming in at USD 0.71 billion.
Share Price
LYONDELLBASELL INDUSTRIES N.V reported its earnings results on Friday, August 4 2023. The stock opened at $95.2 and closed at $95.7, representing a decrease of 0.7% from the previous closing price of 96.4. This decrease in the stock’s value was indicative of the mixed results the company presented in its earnings report. This decline in profits was attributed to higher costs associated with raw materials and labor, as well as increased costs associated with complying with government regulations.
Despite the decrease in profits, LYONDELLBASELL INDUSTRIES N.V remains confident that it will be able to increase its profits in the coming quarters due to its strong portfolio of products and services, as well as its continued commitment to innovation and staying ahead of the competition. As such, analysts have remained optimistic regarding the company’s prospects despite the weaker-than-expected results in the current quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LYB. More…
| Total Revenues | Net Income | Net Margin |
| 43.01k | 2.1k | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LYB. More…
| Operations | Investing | Financing |
| 4.79k | -1.69k | -1.72k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LYB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 36.68k | 23.74k | 39.75 |
Key Ratios Snapshot
Some of the financial key ratios for LYB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | 8.5% | 7.1% |
| FCF Margin | ROE | ROA |
| 7.5% | 14.9% | 5.2% |
Analysis
GoodWhale has conducted an analysis of LYONDELLBASELL INDUSTRIES N.V’s wellbeing. The results on our Star Chart reveal that the company is strong in dividend, medium in asset, profitability and weak in growth. We have classified LYONDELLBASELL INDUSTRIES N.V as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Investors who are looking for reliable returns and growth may be interested in such a company. Our assessment of LYONDELLBASELL INDUSTRIES N.V’s financial health shows the company has an impressive health score of 9/10 with regard to its cashflows and debt. This suggests that the company is capable to pay off debt and fund future operations. More…
Peers
LyondellBasell Industries NV is a global chemical company with operations in over 80 countries. The company produces a wide range of products, including chemicals, plastics, and fuels. LyondellBasell is one of the world’s largest chemical companies, with revenues of over $30 billion in 2017. The company’s competitors include OCI NV, Brenntag SE, and Solvay SA.
– OCI NV ($LTS:0QGH)
OCI NV is a Netherlands-based chemical company. It produces and sells nitrogen-based fertilizers, industrial chemicals and natural gas. The company has a market cap of 8.57B as of 2022 and a Return on Equity of 66.91%. OCI NV is a leading provider of nitrogen-based fertilizers and industrial chemicals. The company operates in over 80 countries and employs over 24,000 people.
– Brenntag SE ($OTCPK:BNTGY)
Brenntag SE is a global leader in chemical distribution. They provide chemistry solutions for industry and commerce. The company has a market cap of 8.65B as of 2022 and a Return on Equity of 16.33%. Brenntag SE has a long history of success and is a trusted partner for their customers.
– Solvay SA ($LTS:0NZR)
Solvay SA is a Belgium-based company engaged in the chemicals sector. It operates in three business segments, namely, Advanced Materials, Performance Chemicals and Functional Polymers. The Advanced Materials segment provides products for the aerospace, automotive, electronics and energy markets, among others. The Performance Chemicals segment offers products for the detergents and cosmetics industry, as well as for the agricultural and mining sector. The Functional Polymers segment provides products for the construction, automotive and packaging markets. The Company has a portfolio of over 30,000 products, which are marketed under various brands, including Solvay, Anderol, Cytec, Delstar, Dyneamics, Forane, Ixef, Novecare, Rhodia and Sylvacur. As of December 31, 2011, it operated a total of 313 industrial sites worldwide.
Summary
LYONDELLBASELL INDUSTRIES N.V has reported its second quarter FY2023 earnings for the period ending June 30 2023. The company’s total revenue decreased by 30.5% compared to the same period last year, and net income decreased by 56.7%. This is a cause for concern for potential investors, as the company’s financial performance has drastically declined. Investors should conduct further due diligence to assess the outlook of LYONDELLBASELL INDUSTRIES N.V and decide if it is a suitable option for their portfolio.
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