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 ...

Financial Data and Key Metrics Changes - The company reported fourth quarter adjusted EPS of $0.52, reflecting a 24% increase over the prior-year quarter [10][16] - Fourth quarter adjusted EBITDA margins were 15.9%, showing a 240 basis point improvement year-over-year [16] - Sales were down 9% year-over-year, primarily due to weaker demand, but EBITDA grew by 7% [17][20] Business Line Data and Key Metrics Changes - The Color, Additives and Inks segment grew EBITDA by 20% in the quarter, driven by improved demand in consumer and packaging markets [17] - The Specialty Engineered Materials segment saw a decline of $6 million in EBITDA, largely due to reduced demand in telecommunications [18] Market Data and Key Metrics Changes - The packaging and consumer markets, which account for over 40% of sales, experienced a slower pace of destocking, with declines of only 4% and 3% respectively from Q3 to Q4 [11] - Healthcare sales were down 9% year-over-year, but sequentially increased by 3% from Q3 to Q4, indicating steady underlying demand [12] - Telecommunications was the weakest end market, with expectations of continued softness in the first half of 2024 [13] Company Strategy and Development Direction - The company focuses on four key growth drivers: sustainable solutions, composites, healthcare, and emerging regions, which currently make up 60% of the business [9] - The new CEO emphasized the importance of a strong customer focus and innovation to drive profitable growth [9][25] - The company plans to prioritize organic growth and invest in R&D and operational capabilities while remaining open to smaller bolt-on acquisitions [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about demand recovery in the US and Canada as destocking ends, while remaining cautious about the European market due to geopolitical issues [14][22] - The company anticipates adjusted earnings per share for 2024 to be between $2.40 to $2.65, with adjusted EBITDA of $505 million to $535 million [21][22] - Management highlighted the potential for growth in the healthcare sector as the population ages and self-care trends increase [10][12] Other Important Information - The company has paid down $300 million of debt over the last 15 months and aims to reduce leverage closer to 2 times over time [36][63] - Raw material costs are expected to continue deflating in the first half of 2024, providing a benefit to margins [22][39] Q&A Session Summary Question: What is the expected range of sales growth for 2024? - Management indicated that sales growth is expected to be in the low to mid-single digits, with most demand growth anticipated in the second half of the year [28][29] Question: What are the capital allocation priorities for this year? - The focus will be on organic growth, with investments in R&D and operational capabilities, while remaining open to smaller acquisitions [35][36] Question: Can you provide insights on destocking trends in packaging and consumer markets? - Destocking has slowed significantly, with expectations of continued improvement in demand as the year progresses [41][42] Question: What is the outlook for free cash flow in the context of returning to growth? - Free cash flow is expected to be impacted by working capital usage, with capital expenditures increasing to $140 million primarily for IT investments [54][55] Question: How will raw material cost deflation impact pricing? - The company has maintained pricing discipline, and any price decreases are expected to be minimal and isolated [48][49]

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 ...

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) 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 ...

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 ...

CLEVELAND, Feb. 12, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on the common stock outstanding, to be paid on April 5, 2024, to stockholders of record on March 19, 2024. About Avient Avient Corporation (NYSE: AVNT) provides specialized and sustainable materials solutions that transform customer challenge ...

Wall Street analysts expect Avient (AVNT) to post quarterly earnings of $0.47 per share in its upcoming report, which indicates a year-over-year increase of 20.5%. Revenues are expected to be $709.35 million, down 10.3% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 4.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefra ...

Investors looking for stocks in the Chemical - Diversified sector might want to consider either Johnson Matthey PLC (JMPLY) or Avient (AVNT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earni ...

CLEVELAND, Jan. 8, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its fourth quarter 2023 earnings before the market opens on Wednesday, February 14, 2024.  The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Wednesday, February 14, 2024. The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here.  Conference call participants in the que ...