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4 Diversified Chemical Stocks to Gain From Demand Rebound
Zacks Investment Research· 2024-04-25 13:05
The Zacks Chemicals Diversified industry is poised to benefit from a recovery in demand in certain key markets, including consumer durables and building & construction, as the prolonged customer inventory de-stocking that hurt the industry for most of 2023 has largely ended.Eastman Chemical Company (EMN) , Avient Corporation (AVNT) , Innospec Inc. (IOSP) and Kronos Worldwide, Inc. (KRO) are well-placed to benefit from the rebound in demand. Strategic measures, including operating cost reductions and aggress ...
Why Avient (AVNT) is a Top Dividend Stock for Your Portfolio
Zacks Investment Research· 2024-04-17 16:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...
Is Avient (AVNT) Stock Outpacing Its Basic Materials Peers This Year?
Zacks Investment Research· 2024-04-17 14:46
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Avient (AVNT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Avient is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the se ...
Avient: Growth Opportunities And New CEO
Seeking Alpha· 2024-02-28 21:19
yoh4nnAvient Corporation (NYSE:AVNT) is a chemicals company that has a Color Additives and Inks business, and a Specialty Engineered Materials business. In 2023, Avient's Color Additives and Inks business accounted for around $358 million and the Specialty Engineered Materials accounted for $224 million of the company's total $502 million in EBITDA. The company, which was previously known as PolyOne, changed its name to Avient in 2020 after it acquired Clariant Masterbatch. In the past 10 years, Avient' ...
Avient (AVNT) - 2023 Q4 - Annual Report
2024-02-19 16:00
United States Securities and Exchange Commission Washington, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-16091 Avient Corporation Ohio 34-1730488 (State or other jurisdiction (I.R.S. Employer Identification No.) of incorporation or organization) Avient C ...
Avient (AVNT) - 2023 Q4 - Earnings Call Transcript
2024-02-14 18:07
Avient Corporation (NYSE:AVNT) Q4 2023 Results Earnings Conference Call February 14, 2024 8:00 AM ET Company Participants Giuseppe Di Salvo - Vice President, Treasurer and Investor Relations Robert Patterson - Outgoing CEO Serving in a Transition Advisory Role Ashish Khandpur - President and Chief Executive Officer Jamie Beggs - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Sison - Wells Fargo Aziza Gazieva - Fermium Research Mike Harrison - Seaport Global Securities ...
Avient (AVNT) - 2023 Q4 - Earnings Call Presentation
2024-02-14 16:08
AVIENT CORPORATION F O U R T H Q UA R T E R 2 0 2 3 R E S U LT S A N D 2 0 2 4 F I N A N C I A L G U I DA N C E (NYSE: AVNT) F E B R UA RY 1 4 , 2 0 2 4 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 perfo ...
Avient (AVNT) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-14 15:37
For the quarter ended December 2023, Avient (AVNT) reported revenue of $719 million, down 9% over the same period last year. EPS came in at $0.52, compared to $0.39 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $709.35 million, representing a surprise of +1.36%. The company delivered an EPS surprise of +10.64%, with the consensus EPS estimate being $0.47.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...
Avient (AVNT) Q4 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-02-14 13:26
Avient (AVNT) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.64%. A quarter ago, it was expected that this maker of resins used in plastic pipe and other products would post earnings of $0.57 per share when it actually produced earnings of $0.57, delivering no surprise.Over the la ...
Avient Announces Fourth Quarter and Full Year 2023 Results
Prnewswire· 2024-02-14 11:15
Fourth quarter and full year GAAP EPS of $0.30 and $0.83 compared to $(0.19) and $0.90 from continuing operations in the prior year  Fourth quarter and full year adjusted EPS of $0.52 and $2.36 exceeds guidance of $0.47 and $2.30 as a result of favorable sales as well as lower net interest expense Fourth quarter adjusted EPS increased 24% over the prior year pro forma adjusted EPS primarily driven by improved margins from positive portfolio mix, raw material deflation and cost reduction actions 2024 full y ...