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Mar 31, 2020
Avient Q1 2020 Earnings Report
Reported a decrease in sales but an increase in operating income and EPS due to improved margins and cost containment.
Key Takeaways
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.
GAAP EPS from continuing operations was $0.38 compared to $0.29 in the prior year first quarter.
Adjusted EPS from continuing operations (excluding the impact of additional shares) improved 23% to $0.53 compared to $0.43 in the prior year first quarter.
Operating income increased 5% as improved margins in all segments and cost containment actions offset a 5% sales decline related to the COVID-19 pandemic
Liquidity remains strong as the company finished the quarter with $1.28 billion in cash.
Revenue by Segment
Forward Guidance
Given the uncertainty in global markets, the company does not plan to provide specific guidance for the second quarter or the balance of the year at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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