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Dec 31, 2019
Avient Q4 2019 Earnings Report
Achieved better-than-expected results driven by the Specialty Engineered Materials segment, including record operating income from Advanced Composites platform.
Key Takeaways
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.
GAAP EPS from continuing operations was $0.08, compared to a loss of $0.02 in the prior year's fourth quarter.
Adjusted EPS from continuing operations increased to $0.34 from $0.24 in the prior year's fourth quarter.
The Specialty Engineered Materials segment drove the better-than-expected results, including record operating income from the Advanced Composites platform.
The company reported 12% adjusted EPS growth for the full year.
Avient
Avient
Avient Revenue by Segment
Revenue by Segment
Color & Additives Revenue
CapyFin.comSpecialty Materials Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
The company embarks on the new year with clear momentum and confidence in its ability to deliver double-digit adjusted EPS growth in 2020 and beyond. With a more specialty portfolio and less exposure to cyclical end markets, the company believes its best days are ahead.
Revenue & Expenses
Visualization of income flow from segment revenue to net income