Avient (AVNT) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this maker of resins used in plastic pipe and other products would post earnings of $0.63 per share when it actually produced earnings of $0.65, delivering a surprise of 3.17%.Over ...

Fourth quarter sales increased 4% to $747 million and full year sales increased 3% to $3,240 million Organic sales, which excludes the impact of foreign exchange, grew 5% and 4% in the fourth quarter and full year, respectively, driven by positive growth in all regions Fourth quarter and full year GAAP EPS from continuing operations of $0.52 and $1.84 compared to $0.30 and $0.83 in the prior year Fourth quarter adjusted EPS of $0.49, above mid-point of guidance range of $0.46 to $0.50 and includes a $0.01 ...

Earnings Performance - Fourth quarter GAAP earnings per share (EPS) were $0.52, up from $0.30 in the prior year, while full year EPS was $1.84 compared to $0.83 previously[2]. - Full year 2024 adjusted EPS was $2.66, reflecting a 13% increase over the prior year, driven by sales growth and margin expansion[3]. - The company expects 2025 adjusted EPS to range from $2.70 to $2.94, representing an 11% growth excluding foreign exchange impacts[4]. - First quarter adjusted EPS is projected to be $0.76, which includes a $0.04 foreign exchange headwind, translating to 6% growth excluding this impact[6]. - Earnings per share attributable to Avient common shareholders (diluted) for continuing operations was $1.84 for the year ended December 31, 2024, up from $0.83 in 2023[23]. Sales and Revenue Growth - Fourth quarter sales increased 4% to $747 million, and full year sales rose 3% to $3,240 million[4]. - Organic sales growth was 5% in the fourth quarter and 4% for the full year, with all regions contributing positively[4]. - The company achieved organic sales growth in all regions, with Latin America leading at 14% growth[4]. - Sales for the three months ended December 31, 2024, were $746.5 million, an increase of 3.5% compared to $719.0 million in the same period of 2023[23]. - Total sales for the three months ended December 31, 2024, increased to $746.5 million, up from $719.0 million in the same period of 2023, representing a growth of 3.9%[33]. Profitability and Margins - Gross margin improved to $259.5 million for the three months ended December 31, 2024, up 24.2% from $208.9 million in the prior year[23]. - Operating income for the year ended December 31, 2024, was $329.3 million, representing a 67.1% increase from $196.8 million in 2023[23]. - Adjusted operating income for the year ended December 31, 2024, rose to $350.7 million, compared to $312.8 million in 2023, marking an increase of 12.1%[35]. - The adjusted gross margin as a percentage of sales for the year ended December 31, 2024, improved to 32.6%, up from 30.9% in 2023[35]. - Adjusted EBITDA margins expanded by 90 and 110 basis points in the Color, Additives and Inks and Specialty Engineered Materials segments, respectively[5]. Net Income and Cash Flow - Net income attributable to Avient common shareholders for the year ended December 31, 2024, was $169.5 million, compared to $75.7 million in 2023, reflecting a 123.1% increase[23]. - Cash dividends declared per share increased to $1.0425 for the year ended December 31, 2024, compared to $1.0000 in 2023[23]. - Net cash provided by operating activities for the year ended December 31, 2024, was $256.8 million, an increase from $201.6 million in 2023[29]. - Cash provided by operating activities for the year ended December 31, 2024, was $256.8 million, compared to $201.6 million in 2023, an increase of 27.3%[36]. - Adjusted free cash flow for the year ended December 31, 2024, was $155.7 million, down from $186.3 million in 2023, reflecting a decrease of 16.4%[36]. Safety and Environmental Performance - The company reported its safest year in history for safety performance in 2024[5]. - Environmental remediation costs for the year ended December 31, 2024, totaled $35.0 million, a decrease from $69.7 million in 2023[25]. Asset Management - Total assets decreased to $5,811.1 million as of December 31, 2024, from $5,968.5 million in 2023[27]. - The company reported a decrease in cash and cash equivalents to $544.5 million at the end of 2024, down from $545.8 million at the end of 2023[29].

Wall Street expects a year-over-year decline in earnings on higher revenues when Avient (AVNT) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 13. On ...

Chemical companies’ fourth-quarter results are expected to reflect continued demand headwinds in certain key markets, including consumer durables, and building & construction. Nevertheless, the end of customer inventory de-stocking is expected to have provided benefits to these companies. The results of chemical makers are also likely to have been supported by pricing and cost-saving actions and moderated raw material costs. We have handpicked a few chemical companies, DuPont de Nemours, Inc. (DD) , Eastman ...

CLEVELAND, Jan. 14, 2025 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, intends to release its fourth quarter 2024 earnings before the market opens on Thursday, February 13, 2025. The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Thursday, February 13, 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-r ...

This article is based on 100 top sustainable companies as determined by Calvert Research and Management's annual review of more than 230 Environmental, Social and Governance [ESG] performance indicators, such as workplace diversity, data security, and greenhouse-gas emissions, as reported inGet more Sustainable Dividend Dog StoriesClick here to subscribe to The Dividend Dogcatcher & get more information.Catch A Dog On Facebook. The evening before every NYSE trade day on Facebook/Dividend Dog Catcher, a Fred ...

We are currently long on Avient (NYSE: AVNT ) and so is Jane from our John & Jane series (click here for the most recent article). It has been a while since I have done an update**Effective 8/20/2023 the in-depth retirement article series for John & Jane will be available in video format on YouTube. Please consider watching, commenting, and subscribing as I expand on my analysis. I am trying to keep the videos about 30 minutes or less but hope they will be even more interesting for those who have enjoyed th ...

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 September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | --- | --- | |------------------------------------------------------------------------ ...

CLEVELAND, Nov. 4, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, will host an Investor Day for the investment community on Wednesday, December 4, 2024, beginning at 10:00 a.m. Eastern Time at the New York Stock Exchange (NYSE)."I am looking forward to the opportunity to share the details of our strategic approach for the next chapter of Avient," said Dr. Ashish Khandpur, President and Chief Executive Officer of Avient Corporation ...