### Key Financial Metrics
1. Revenue Performance: LyondellBasell generated $10.32 billion in revenue, down 2.85% YoY and 2.24% QoQ. This decline was driven by lower volumes and heightened competition within the industrial materials sector.
2. Profitability Metrics:
- Gross Profit: $1.24 billion, down 14.23% YoY and 11.91% QoQ, with a gross profit margin of 12.03%. The margin compression highlights the impact of increased input costs.
- Operating Income: $802 million, representing a decline of 20.91% YoY and 17.32% QoQ, with an operating margin of 7.8%.
- Net Income: Reported at $570 million, down 23.49% YoY and 38.24% QoQ, translating to an earnings per share (EPS) of $1.77, reflecting a decrease of 22.71% YoY and 37.23% QoQ.
3. Cash Flow and Balance Sheet Health:
- Free Cash Flow: Generated $302 million, showcasing the company’s ability to generate liquidity despite declining earnings.
- Cash Position: $2.62 billion in cash and cash equivalents, providing a solid buffer amidst market uncertainties. The current ratio is at 2.13, indicating robust short-term liquidity, while long-term debt stands at $12.49 billion, representing a debt-to-equity ratio of approximately 0.82.