Avient Q4 2019 Earnings Report
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
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