Avient Q2 2023 Earnings Report
Key Takeaways
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.
GAAP EPS of $0.24 includes special items and amortization expense
Adjusted EPS of $0.63 exceeded guidance of $0.60, driven by better-than-projected margins in both segments
Full year adjusted EPS guidance of $2.40 maintained reflecting continued weak demand conditions, offset by adjusted EBITDA margins expected to increase from 15.6% to 16.0% for the year
Most recent Sustainability Report published, highlighting the company’s progress on ESG initiatives focused on People, Products, Planet and Performance
Avient
Avient
Avient Revenue by Segment
Forward Guidance
The company is maintaining its full year adjusted EPS guidance of $2.40 on lower estimated sales of $3.3 billion.
Positive Outlook
- Strength in composites
- Improving margins
- Cost reductions
Challenges Ahead
- Continued weak demand conditions
- Consumers remain cautious with continued inflation
- Rising interest rates
- Sluggish demand in Europe
- Customer inventory destocking
Revenue & Expenses
Visualization of income flow from segment revenue to net income