Third quarter sales increased 8% over the prior year quarter to $815 million supported by broad-based growth across all regions and most end markets Third quarter GAAP EPS from continuing operations of $0.41 compared to $0.06 in the prior year quarter Third quarter adjusted EPS of $0.65 exceeded guidance of $0.62 and increased 14% over prior year quarter, driven by organic revenue growth and margin expansion in both segments, as well as lower interest expense 2024 full-year adjusted EPS guidance range narr ...

NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Third Quarter 2024 Results • Third quarter sales increased 8% over the prior year quarter to $815 million supported by broad-based growth across all regions and most end markets • Third quarter GAAP EPS from continuing operations of $0.41 compared to $0.06 in the prior year quarter • Third quarter adjusted EPS of $0.65 exceeded guidance of $0.62 and increased 14% over prior year quarter, driven by organic revenue growth and margin expansion in both segment ...

CLEVELAND, Oct. 9, 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-seven cents ($0.27) per share on the common stock outstanding, representing the fourteenth consecutive annual increase.The $0.27 per share will be paid on January 8, 2025, to stockholders of record on December 13, 2024. On an annualized basis, the dividend will increase approximately 5%, from ...

Company Performance - Avient (AVNT) has shown a year-to-date performance increase of approximately 17.7%, significantly outperforming the Basic Materials sector, which has returned an average of 1.3% [2][3] - The Zacks Consensus Estimate for Avient's full-year earnings has risen by 1.8% over the past quarter, indicating improved analyst sentiment and a positive earnings outlook [2] - Avient is currently ranked 2 (Buy) in the Zacks Rank system, suggesting strong potential for future performance [2] Industry Comparison - Avient operates within the Chemical - Diversified industry, which consists of 29 stocks and currently holds a Zacks Industry Rank of 190, with an average gain of 3.1% this year [3] - Hecla Mining (HL), another stock in the Basic Materials sector, has outperformed with a year-to-date increase of 34.1% and is ranked 1 (Strong Buy) in the Zacks Rank system [2][3] - The Mining - Silver industry, to which Hecla Mining belongs, is currently ranked 80 and has experienced a year-to-date increase of 31.5% [3]

CLEVELAND, Oct. 3, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its third quarter 2024 earnings before the market opens on Thursday, October 31, 2024.  The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Thursday, October 31, 2024.The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here.  Conference call participants in the question ...

Avient Corporation’s (AVNT) shares reached a fresh 52-week high of $51.51 on Sept. 27 before closing at $50.41.In the past year, the stock has appreciated 44.9% compared with the industry’s 6.1% growth in the same period.Image Source: Zacks Investment ResearchWhat’s Driving Avient?Avient is optimistic about maintaining its strong momentum from the second quarter throughout the remainder of 2024. It continues to focus on its growth strategy, emphasizing innovative materials and processing solutions that alig ...

Company Overview - Avient (AVNT) is headquartered in Avon Lake and operates in the Basic Materials sector [2] - The stock has experienced a price change of 8.25% since the beginning of the year [2] Dividend Information - Avient currently pays a dividend of $0.26 per share, resulting in a dividend yield of 2.29%, which is higher than the Chemical - Diversified industry's yield of 1.92% and the S&P 500's yield of 1.58% [2] - The annualized dividend of $1.03 represents a 3% increase from the previous year [2] - Over the last 5 years, Avient has increased its dividend 5 times, averaging an annual increase of 6.56% [2] - The current payout ratio is 39%, indicating that Avient paid out 39% of its trailing 12-month EPS as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Avient's earnings in 2024 is $2.65 per share, reflecting a year-over-year earnings growth rate of 12.29% [3] Investment Perspective - Dividends are favored by investors for various reasons, including tax advantages and risk reduction [4] - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses rarely offer dividends [4] - Avient is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]

Avient Corporation (AVNT) announced the pricing of its previously-disclosed offering of $650 million in total principal amount of senior notes due 2031. These notes, exempt from registration under the Securities Act of 1933, will carry an interest rate of 6.25% annually and be issued at 100% of their principal value. The transaction is expected to close on Sept. 19, 2024, pending customary closing conditions.AVNT plans to use the proceeds from this offering, along with existing cash, to fully redeem its out ...

CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the pricing of its previously announced offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The notes will bear interest at an annual rate of 6.250% and will be issued at a price of 100.000% of their principal amount. The closing of the notes offering is expe ...

CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the commencement of an offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act").Avient intends to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 5.75% senior notes due 2025 (the "2025 senior notes") and pay rela ...