Avient Announces Fourth Quarter and Full Year 2024 Results

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]