Chemical companies’ second-quarter results are expected to reflect the benefit from an uptick in demand in certain key markets, including consumer durables and building & construction, as the unprecedented customer inventory de-stocking that started in late 2022 and weighed heavily on the industry through the first quarter of 2024 has run its course. The results of these companies are also likely to have been supported by pricing and cost-saving actions and lower raw material costs. We have handpicked a few ...

Group 1 - Avient Corporation plans to release its second quarter 2024 earnings on August 6, 2024, before the market opens [1] - A webcast with a slide presentation will be held at 8:00 a.m. Eastern Time on the same day, allowing participants to engage in a question and answer session [1] - The webcast will be accessible live and a recording will be available for one year following the event [1] Group 2 - Avient Corporation specializes in sustainable materials solutions, transforming customer challenges into opportunities [2] - The company offers products like Dyneema®, which is recognized as the world's strongest fiber, and technologies that enhance recyclability and support a circular economy [2] - Avient's lightweighting solutions aim to replace traditional materials, improving fuel efficiency and reducing carbon footprints across transportation modes [2] - The company is committed to sustainable infrastructure, focusing on energy efficiency, renewable energy, and enhancing accessibility to fiber optic and 5G networks [2]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Avient (AVNT) , which belongs to the Zacks Chemical - Diversified industry.When looking at the last two reports, this maker of resins used in plastic pipe and other products has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.39%, on average, in the last two quarters.For the last reported quarter, Avient came ...

Investors in Avient Corporation (AVNT) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept 20, 2024 $20 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | --- | --- | |---------------------------------------------------------------------------- ...

Avient Corporation (NYSE:AVNT) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer and Investor Relations Ashish Khandpur - President and Chief Executive Officer Jamie Beggs - Senior Vice President and Chief Financial Officer Conference Call Participants Frank Mitsch - Fermium Research Laurence Alexander - Jefferies Mike Harrison - Seaport Research Partners Michael Sison - Wells Fargo David Huang - Deutsche Bank Kristen Owen - Oppenheimer Vin ...

For the quarter ended March 2024, Avient (AVNT) reported revenue of $829 million, down 2% over the same period last year. EPS came in at $0.76, compared to $0.63 in the year-ago quarter.The reported revenue represents a surprise of +0.43% over the Zacks Consensus Estimate of $825.45 million. With the consensus EPS estimate being $0.69, the EPS surprise was +10.14%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

Avient (AVNT) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.14%. A quarter ago, it was expected that this maker of resins used in plastic pipe and other products would post earnings of $0.47 per share when it actually produced earnings of $0.52, delivering a surprise of 10.64%.Ov ...

Q1 2024 Financial Performance - Sales decreased by 2% from Q1 2023, with sales of $829 million in Q1 2024 compared to $846 million in Q1 2023[11] - Adjusted EBITDA increased by 7% from $134 million in Q1 2023 to $143 million in Q1 2024[11] - Adjusted EPS increased by 21% from $0.63 in Q1 2023 to $0.76 in Q1 2024[11] - Adjusted EBITDA margin increased by 150 bps compared to Q1 2023[11] Regional Demand Trends - US & Canada saw a demand increase of 2%[9] - Latin America experienced a demand decrease of 6%[9] - EMEA demand was flat[9] - Asia saw a demand increase of 2%[9] Segment Performance - Raw material deflation and cost reduction actions drove adjusted EBITDA growth and margin expansion of +180 bps in Color, Additives and Inks segment compared to Q1 2023[14] - Raw material deflation and favorable mix impact from defense sales drove adjusted EBITDA growth and margin expansion of +240 bps in Specialty Engineered Materials segment compared to Q1 2023[17] 2024 Financial Guidance - Adjusted EBITDA guidance revised to $510 to $535 million[23] - Adjusted EPS guidance revised to $2.50 to $2.65[23] - Capital expenditures are expected to be approximately $140 million[23]