Company Performance - Avient reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, but down from $0.52 per share a year ago, representing an earnings surprise of 2.08% [1] - The company posted revenues of $746.5 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.63%, compared to year-ago revenues of $719 million [2] - Over the last four quarters, Avient has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Outlook - The immediate price movement of Avient's stock will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Avient shares have increased by approximately 2.2% since the beginning of the year, while the S&P 500 has gained 2.9% [3] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $850.08 million, and for the current fiscal year, it is $2.87 on revenues of $3.35 billion [7] - The estimate revisions trend for Avient is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Chemical - Diversified industry, to which Avient belongs, is currently in the bottom 12% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Avient's stock performance [5]

Core Insights - Avient Corporation reported a significant increase in earnings per share (EPS) for both the fourth quarter and full year of 2024, with GAAP EPS at $0.52 and $1.84, respectively, compared to $0.30 and $0.83 in the previous year [1][11] - The company achieved a full year adjusted EPS of $2.66, reflecting a 13% increase over the prior year, driven by organic sales growth and margin expansion [2][3] - Avient's organic sales grew by 5% in the fourth quarter and 4% for the full year, with notable growth across all geographic regions [3][11] Financial Performance - Fourth quarter sales increased by 4% to $747 million, while full year sales rose by 3% to $3,240 million [11] - The adjusted EPS for the fourth quarter was $0.49, exceeding the guidance range of $0.46 to $0.50, despite a $0.01 unfavorable impact from foreign exchange [11] - The company reported adjusted EBITDA margins expanding by 90 and 110 basis points for its Color, Additives and Inks and Specialty Engineered Materials segments, respectively [3] 2025 Outlook - Avient projects first quarter adjusted EPS to be $0.76, which aligns with the prior year quarter, indicating a 6% growth when excluding foreign exchange impacts [4] - The full year adjusted EBITDA is forecasted to range from $540 million to $570 million, with an adjusted EPS range of $2.70 to $2.94, representing an 11% growth at the midpoint [4][11] - The company aims to grow organic sales by 100 to 200 basis points above GDP while expanding margins through innovation and leveraging digital technologies [4] Operational Highlights - The company achieved its safest year in history in terms of safety performance, indicating a strong commitment to operational excellence [3] - Avient's strategic focus on customer engagement and innovation has been pivotal in navigating a challenging macroeconomic environment [3][4]

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 ...

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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 ...