Avient Earnings Reports

Avient reported solid Q4 2024 results with 5% organic sales growth across all regions. Revenue grew 3.83% YoY to $746.5M, while GAAP EPS surged 73.33% YoY to $0.52. However, adjusted EPS declined slightly to $0.49 due to forex impact and margin pressures. Operating margin declined to 8.70%, but gross margin remained stable at 31.60%.

Avient announced strong third quarter 2024 results, with sales increasing 8% to $815 million and adjusted EPS of $0.65, exceeding guidance. The company narrowed its full-year adjusted EPS guidance range to $2.63 to $2.67.

Avient reported a strong second quarter with sales growth and adjusted EPS exceeding expectations. Consolidated sales expanded for the first time in seven quarters, with contributions from both Color, Additives and Inks, and Specialty Engineered Materials segments. The company is increasing its full-year adjusted EPS guidance range.

Avient Corporation announced first quarter results for 2024, with sales of $829.0 million. Adjusted EPS was $0.76, exceeding guidance. The company revised its full-year adjusted EPS guidance range to $2.50 to $2.65.

Avient Corporation reported a GAAP EPS of $0.30 and an adjusted EPS of $0.52 for the fourth quarter of 2023. The adjusted EPS increased by 24% compared to the prior year, driven by improved margins and cost reduction actions. The company anticipates demand strengthening as it progresses through the year.

Avient Corporation reported third quarter sales of $754 million compared to $823 million in the prior year. Third quarter GAAP and adjusted earnings per share (EPS) were $0.06 and $0.57, respectively, compared to ($0.30) and $0.59 in the prior year. The company updated its full year sales and adjusted EPS guidance to $3.13 billion and $2.30, respectively, to reflect current projections as well as weaker foreign exchange. For the fourth quarter, the adjusted EPS guidance of $0.47 represents a 12% increase versus the prior year.

Avient Corporation announced its second quarter 2023 results, with adjusted EPS exceeding guidance at $0.63, driven by better-than-projected margins in both segments. The company is maintaining its full year adjusted EPS guidance of $2.40, despite lower estimated sales of $3.3 billion.

Avient Corporation announced its first quarter 2023 results, with sales of $846 million. GAAP EPS was $0.23, and adjusted EPS was $0.63, exceeding guidance. The company maintained its full-year adjusted EBITDA and EPS guidance.

Avient Corporation reported a GAAP EPS from continuing operations of $(0.19) and an adjusted EPS of $0.39, which exceeded prior guidance. The company focused on cost control and working capital reduction, leading to increased free cash flow and debt reduction. Portfolio enhancements and strategic investments have positioned the company for long-term value creation.

Avient Corporation reported a GAAP loss per share of ($0.30) and adjusted EPS of $0.59. The company completed the acquisition of DSM Protective Materials and the sale of its Distribution business. Revised full year adjusted EPS guidance to $2.60 primarily as a result of recently announced COVID lockdowns

Avient announced second quarter 2022 results, with sales reaching $1.3 billion, a 5% increase over the prior year quarter, and adjusted EPS increasing 13% to $0.98. The company exceeded its second quarter adjusted EPS guidance, driven by better than expected results in the Americas. Avient maintained its full year adjusted EPS guidance of $3.50.

Avient Corporation announced its first quarter 2022 results, with sales increasing by 11% to $1.3 billion and adjusted EPS growing by 11% to $0.99. The company exceeded its initial estimates for the quarter, driven by sales growth in nearly all end markets, which offset inflation.

Avient Corporation reported a 32% increase in sales to $1.2 billion and a 52% increase in adjusted EPS to $0.70 for the third quarter of 2021. The company maintains its previously communicated full-year adjusted EPS guidance of $3.00.

Avient Corporation reported record second-quarter results for 2021, with sales increasing by 42% to $1.235 billion and adjusted EPS increasing by 107% to $0.87. The company raised its full-year adjusted EPS guidance from $2.80 to $3.00, representing a 55% growth over the prior year. Robust demand across all end markets, particularly in consumer applications, and synergy capture from the Clariant Masterbatch integration contributed to the strong performance.

Avient Corporation reported third quarter results for 2020 with adjusted EPS of $0.54, exceeding September projection of $0.51. Specialty Engineered Materials delivered record third quarter operating income of $24.7 million, a 27% increase over the prior year.

Avient Corporation reported a decrease in overall sales by 18.6% due to weak automotive and consumer discretionary demand, but experienced a 13% increase in sales in Asia. The company's adjusted EPS exceeded expectations by $0.03 due to higher margins in the Color segment and an uptick in orders in the latter part of June. They also completed the acquisition of Clariant’s masterbatch business for approximately $1.4 billion and announced their new company name: Avient Corporation.

PolyOne reported a decrease in sales by 5% due to the COVID-19 pandemic, but an increase in operating income by 5% due to improved margins and cost containment actions. GAAP EPS from continuing operations increased to $0.38, and adjusted EPS (excluding the impact of additional shares) improved to $0.53.

PolyOne Corporation reported better-than-expected fourth-quarter results, driven by the Specialty Engineered Materials segment. The company's adjusted EPS for the full year increased by 12%, marking the tenth consecutive year of adjusted EPS growth. The company also announced transformative portfolio improvements by divesting the Performance Products and Solutions (PP&S) segment and signing a definitive agreement to acquire Clariant Masterbatch business.