PolyOne Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported, sales of $679.4 million against $640.4 million a year ago. Operating income was $18.7 million against operating loss of $39.8 million a year ago. Net income attributable to the company's common shareholders was $3.1 against $12.3 million a year ago. Diluted earnings per share were $0.03 against $0.13 a year ago. Adjusted net income was $18.8 million against $16.7 million a year ago. Adjusted EPS was $0.21 against $0.18 a year ago. Income before income taxes was $4.4 million against loss before income taxes of $49.4 million a year ago. Capital investment in the fourth quarter was $24.4 million.

For the year, the company reported, sales of $2,992.6 million against $2,863.5 million a year ago. Operating income was $167.1 million against $233.0 million a year ago. Net income attributable to the company's common shareholders was $71.9 against $172.6 million a year ago. Diluted earnings per share were $0.80 against $1.83 a year ago. Adjusted net income was $108.1 million against $96.1 million a year ago. Adjusted EPS was $1.20 against $1.02 a year ago. Income before income taxes was $113.0 million against $198.7 million a year ago. Net cash provided by operating activities were $106.9 against $72.5 million a year ago. Capital expenditures were $57.4 million against $54.1 million a year ago. Operating income adjusted was $221.0 million against $180.6 million a year ago. Net debt as at December 31, 2012 was $496.9 million against $515.1 million as at December 31, 2011.

The company provided earnings guidance for the full year of 2013. The company is targeting double digit expansion of adjusted earnings per share.