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Analysts Estimate Avient (AVNT) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-04-29 15:07
Avient (AVNT) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the oth ...
Strength Seen in Avient (AVNT): Can Its 13.7% Jump Turn into More Strength?
ZACKS· 2025-04-10 13:51
Avient (AVNT) shares soared 13.7% in the last trading session to close at $32.89. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.1% loss over the past four weeks.The rally in AVNT was fueled by a broader rise in material stocks after President Trump paused reciprocal tariffs for most countries for 90 days.This maker of resins used in plastic pipe and other products is expected to post quarterly earnings of $0.76 per share in ...
Avient To Hold First Quarter 2025 Conference Call
Prnewswire· 2025-04-03 13:15
CLEVELAND, April 3, 2025 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, intends to release its first quarter 2025 earnings before the market opens on Tuesday, May 6, 2025.  The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Tuesday, May 6, 2025.The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here.  Conference call participants in the question and answer session should pre-register using ...
4 Ideal March Buys From 49 "Safer" Dividends In 100 Barron's Sustainable Dogs
Seeking Alpha· 2025-03-25 16:27
Group 1 - The article discusses the top 100 sustainable companies identified by Calvert Research and Management based on an annual review of over 230 Environmental, Social, and Governance (ESG) performance indicators [1] - Key ESG performance indicators include workplace diversity, data security, and greenhouse-gas emissions [1] Group 2 - The article promotes a live video series on Facebook called the Underdog Daily Dividend Show, which highlights potential portfolio candidates for investment [2] - The show encourages audience interaction by inviting comments on favorite or least favorite stock tickers for future reports [2]
3 Ideal Buys From 50 'Safer' Dividends In 100 February Barron's Sustainable Dogs
Seeking Alpha· 2025-02-26 09:57
Group 1 - The leader of The Dividend Dog Catcher investing group shares at least one new dividend stock idea weekly, focusing on yield or extraordinary financial circumstances [1] - All investment ideas are archived and available for review after the weekly announcement [1] Group 2 - The article emphasizes that it is for informational and educational purposes only and does not constitute investment advice [2] - It clarifies that no recommendations or endorsements to buy or sell any security are made [2]
Avient (AVNT) - 2024 Q4 - Annual Report
2025-02-18 18:29
Financial Performance - Avient Corporation reported sales from continuing operations of $3.2 billion in 2024, with approximately 60% of sales coming from customers outside the United States[12]. - Sales for 2024 were $3,240.4 million, an increase of 3.1% compared to $3,142.8 million in 2023[205]. - Net income from continuing operations increased by $94.4 million, or 123.7%, totaling $170.7 million in 2024[113]. - Earnings per share attributable to common shareholders increased to $1.86 in 2024 from $0.83 in 2023, reflecting a 123.9% increase[113]. - Operating income rose by $132.5 million, or 67.3%, in 2024 compared to 2023, reaching $329.3 million[125]. - Gross margin improved to 32.6% in 2024 from 28.4% in 2023, primarily due to raw material deflation and lower environmental remediation costs of $34.6 million[115]. - Comprehensive income attributable to Avient common shareholders was $79.1 million in 2024, compared to $64.1 million in 2023, an increase of 23.4%[207]. Research and Development - The company invested $98.7 million in research and development in 2024, up from $90.3 million in 2023 and $84.9 million in 2022[28]. - Avient's strategic focus includes amplifying innovation to address evolving market and sustainability needs, supported by a technical workforce of around 1,100 employees[28]. Operational Footprint - Avient operates 102 manufacturing sites globally, with a workforce of approximately 9,200 employees as of December 31, 2024[12][32]. - The company operates globally with 102 manufacturing sites across North America, South America, Asia, Europe, the Middle East, and Africa, indicating a strong operational footprint[83]. Sustainability and Environmental Commitment - The company emphasizes sustainability and performance advantages of its specialized polymers over traditional materials[20]. - Avient maintains a strong commitment to sustainability, aiming to help customers meet their sustainability goals through technologies that improve recyclability and reduce carbon footprints[108]. - The company is subject to extensive environmental, health, and safety regulations, which could lead to increased compliance costs and potential liabilities[59]. - The company may incur additional costs or liabilities due to increasingly strict environmental regulations and potential claims related to plant emissions[46]. Financial Position and Debt - Total debt as of December 31, 2024, was $2,067.0 million, a decrease from $2,080.0 million in 2023[140]. - The company maintains a senior secured revolving credit facility with a maximum borrowing size of $500.0 million, with remaining availability of $211.4 million as of December 31, 2024[144]. - Future obligations total $3,164.6 million, with $247.0 million due in less than one year[148]. - The company has a revolving credit facility that requires compliance with specific financial tests, which could impact borrowing capacity if not met[70]. Cybersecurity - The company has experienced targeted and non-targeted cybersecurity attacks in the past, although no incident has had a material impact on its business to date[63]. - The Chief Information Security Officer (CISO) oversees cybersecurity risk management, reporting directly to the Chief Information Officer (CIO)[78]. - The company emphasizes cybersecurity education for employees and imposes security requirements on third-party service providers[76]. - The company has established a Cyber and Data Incident Response Team (CDIRT) to manage responses to cyber incidents effectively[82]. Market Risks - Fluctuations in foreign currency exchange rates may adversely impact the company's financial results, affecting competitiveness and cost control[67]. - The company manages market risks, including interest rate and foreign currency exposure, through regular operating and financing activities, including derivative financial instruments[176]. - There would be no material impact on interest expense or cash flows from a 100 basis point increase or decrease in market rates of interest on outstanding variable rate debt as of December 31, 2024[177]. Employee Engagement - The company conducts annual employee engagement surveys, with participation from employees in over 40 countries, to support ongoing engagement efforts[44]. Strategic Focus - Avient's refined strategy focuses on intersecting high-growth markets and maximizing the impact of existing business, supported by four strategic drivers: Portfolio Prioritization, Amplify Innovation, Digital for Operational Excellence and Growth, and Leadership, Talent and Culture[107]. - Long-term trends that provide opportunities for Avient include improving health and wellness, protecting the environment, and increasing the need for power and electricity[109].
Avient's Earnings Surpass Estimates in Q4, Revenues Miss
ZACKS· 2025-02-14 13:55
Avient Corporation (AVNT) logged earnings from continuing operations of 52 cents per share in the fourth quarter of 2024, up from earnings of 30 cents it had reported a year ago. Barring one-time items, adjusted earnings for the reported quarter came in at 49 cents per share. It beat the Zacks Consensus Estimate of 48 cents. Find the latest earnings estimates and surprises on Zacks Earnings Calendar.Avient raked in revenues of $746.5 million, up around 4% year over year. It, however, missed the Zacks Consen ...
Avient (AVNT) - 2024 Q4 - Earnings Call Transcript
2025-02-13 19:32
Financial Data and Key Metrics Changes - In 2024, organic sales for the total company increased by 4% with adjusted EBITDA margins expanding by 20 basis points to 16.2% [12][34] - Adjusted EPS grew by 13% for the year, including the impact of foreign exchange [12][34] - The fourth quarter saw organic sales growth of 5% year-over-year, with adjusted EBITDA and adjusted EPS slightly down due to variable compensation accruals [25][26] Business Segment Data and Key Metrics Changes - The Color, Additives and Inks (CAI) segment grew organic sales by 3%, while the Specialty Engineered Materials (SEM) segment saw a 6% increase [12][30] - Adjusted EBITDA margins expanded by 90 basis points for CAI and 110 basis points for SEM [12][31] - SEM segment posted 8% sales growth and 13% EBITDA growth, excluding foreign exchange, driven by demand in healthcare and construction applications [28][29] Market Data and Key Metrics Changes - Organic revenue growth was achieved in every region, with significant growth in the U.S. and Canada, Asia, and Latin America [10][11] - EMEA faced a challenging macro environment but still contributed to overall growth [10] - The company reported a 5% dividend increase, marking the 14th consecutive year of annual dividend growth [16] Company Strategy and Development Direction - The company articulated a new purpose to be an innovator of material solutions while enabling a sustainable world [8] - Focus on organic top-line growth with margin expansion, leveraging customer intimacy and innovative offerings [9][30] - A new incentive compensation plan was rolled out to align employee focus with strategic execution [13][106] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming headwinds from a strong U.S. dollar and challenging comparisons from the previous year [24][34] - The company anticipates mid-single-digit growth in defense for 2025, acknowledging the lumpy nature of defense orders [72][74] - Despite uncertainties in the macro environment, the company remains focused on controllable factors and expects to achieve adjusted EBITDA of $540 million to $570 million for 2025 [38][39] Other Important Information - A decision was made to cease the implementation of the S/4HANA ERP system due to increased costs and complexity, resulting in a noncash impairment charge of approximately $71 million [21][22] - The company expects free cash flow to be between $180 million and $200 million, with a CapEx estimate of around $120 million [109][113] Q&A Session Summary Question: Impact of Generation 3 Dyneema product and expectations for Defense - Management highlighted that the new Dyneema product is a significant upgrade and is expected to help maintain or increase margins while winning market share [45][46] - Defense sales were steady at 7% of overall sales, with expectations for mid-single-digit growth in 2025 due to tough comparisons from 2024 [72][74] Question: Insights on the decision to pause SAP S/4HANA implementation - The implementation was in the early stages, and the decision was made due to high costs and complexity, with alternative solutions expected to deliver similar benefits more efficiently [60][63] Question: Strength in healthcare segment and future trends - Healthcare was a strong focus area with double-digit growth in 2024, driven by new business wins in remote monitoring and drug delivery devices [66][68] Question: Demand in China and automotive end markets - China saw 7% growth in Q4, with expectations for continued strong performance in 2025, particularly in the EV market [116][120]
Avient (AVNT) - 2024 Q4 - Earnings Call Presentation
2025-02-13 17:13
Avient Corporation AVNT Fourth quarter and full year 2024 results 2025 financial guidance FEBRUARY 13, 2025 Disclaimer Forward-looking statements Certain statements contained in or incorporated by reference into this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management's expect ...
Avient (AVNT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-02-13 15:36
Core Insights - Avient reported revenue of $746.5 million for the quarter ended December 2024, reflecting a 3.8% increase year-over-year, but fell short of the Zacks Consensus Estimate of $751.23 million by 0.63% [1] - The company's EPS was $0.49, down from $0.52 in the same quarter last year, but exceeded the consensus estimate of $0.48 by 2.08% [1] Revenue Breakdown - Specialty Engineered Materials sales reached $279.70 million, surpassing the average estimate of $277.15 million by analysts, and showing a year-over-year increase of 7.7% [4] - Color, Additives and Inks sales were reported at $467.70 million, below the average estimate of $478.58 million, with a year-over-year change of 1.8% [4] - Corporate sales reported a loss of $0.90 million, worse than the estimated loss of $0.60 million, representing a significant year-over-year increase of 350% [4] Operating Income Analysis - Operating income for Color, Additives and Inks was $59.80 million, lower than the average estimate of $62.84 million [4] - Specialty Engineered Materials reported an operating income of $34.60 million, slightly above the average estimate of $33.50 million [4] - Corporate operating loss was $8.80 million, significantly better than the estimated loss of $37.50 million [4] Stock Performance - Avient's shares returned +0.4% over the past month, compared to a +3.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]