Loading...
•
Sep 30, 2024
Avient Q3 2024 Earnings Report
Reported an 8% increase in sales and adjusted EPS exceeding guidance, driven by organic revenue growth and margin expansion.
Key Takeaways
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.
Third quarter sales increased 8% year-over-year to $815 million.
GAAP EPS from continuing operations was $0.41, compared to $0.06 in the prior year quarter.
Adjusted EPS of $0.65 exceeded guidance and increased 14% year-over-year.
Full-year adjusted EPS guidance range narrowed to $2.63 to $2.67, reflecting 11% to 13% growth.
Forward Guidance
Avient narrowed its full-year guidance, expecting adjusted EBITDA of $525 million to $530 million and adjusted EPS between $2.63 to $2.67.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...