Welcome to our dedicated page for Avient Corporation news (Ticker: AVNT), a resource for investors and traders seeking the latest updates and insights on Avient Corporation stock.
Avient Corporation (NYSE: AVNT) is a global leader in providing specialized and sustainable material solutions. Headquartered in Cleveland, Avient operates in two primary segments: Color, Additives and Inks and Specialty Engineered Materials. The company offers an extensive portfolio of products, including concentrated color and ink blends, plastic resins, and various specialized polymer materials. These products serve a wide array of industries such as food packaging, construction, transportation, cosmetics, and healthcare.
Avient has a robust global presence with operations spanning North America, South America, Europe, Africa, and Asia. The company employs over 7,600 associates globally, operating more than 80 manufacturing and distribution facilities, dozens of innovation labs, and numerous sales and service locations on five continents.
In recent developments, Avient reported its 2023 third-quarter earnings, highlighting GAAP and adjusted EPS of $0.06 and $0.57, respectively. The company continues to navigate challenging economic conditions, focusing on strategic initiatives to improve margins and profitability. Notably, the acquisition of Dyneema has strengthened Avient's portfolio, particularly in defense, energy, and transportation end markets.
Avient is committed to sustainability, exemplified by its recent sustainability report and the upcoming Sustainability Day event. The company is a certified ACC Responsible Care® member, a founding member of the Alliance to End Plastic Waste, and certified as a Great Place to Work®.
Financially, the company has shown resilience, maintaining its full-year adjusted EPS guidance despite weaker demand conditions. Avient has also made strategic moves to optimize its financial position, including the recent repricing and extension of its senior secured term loan facility, resulting in significant interest expense savings.
Looking ahead, Avient aims to drive profitable organic growth and innovation, leveraging its culture of strong customer focus and a portfolio of differentiated technologies. The company’s outlook remains optimistic with expectations of improved demand conditions as it progresses through the year.
- Second quarter 2023 results: GAAP EPS of $0.24, adjusted EPS of $0.63
- Repricing and extension of senior secured term loan facility completed in August 2023
- Upcoming third-quarter earnings release scheduled for November 2, 2023
- Fourth-quarter and full-year 2023 results to be announced on February 14, 2024
Avient Corporation (NYSE: AVNT) announced a $725 million offering of senior notes due 2030, exempt from the registration requirements of the Securities Act. The proceeds will partially fund its acquisition of Royal DSM's protective materials business, including the Dyneema® Brand. The offering's closing is anticipated before the acquisition's completion, with a 'special mandatory redemption' condition if the acquisition does not finalize by April 19, 2023. The notes are aimed at qualified institutional buyers and will not be registered under the Securities Act.
Avient Corporation reported second quarter sales of $1.3 billion, marking a 5% increase from the previous year, and achieved an all-time quarterly record. GAAP EPS rose 24% to $0.92, while adjusted EPS increased 13% to $0.98, surpassing guidance. The results were driven by strong performance in the Americas, despite COVID-19 lockdowns in Shanghai. Avient maintained its full-year adjusted EPS guidance of $3.50 and introduced third-quarter guidance of $0.80. The company is on track for the acquisition of DSM Protective Materials, while exploring the sale of its Distribution business.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2375 per share. The dividend will be paid on October 6, 2022 to stockholders of record as of September 16, 2022. In 2021, Avient reported revenues of $4.8 billion and specializes in sustainable material solutions that enhance product recyclability and reduce carbon footprints in transportation. The company employs around 8,800 associates and is recognized for its commitment to sustainability and workplace excellence.
Avient Corporation (NYSE: AVNT) will announce its second quarter 2022 earnings before the market opens on July 26, 2022. A live webcast presentation is scheduled for 8:00 a.m. Eastern Time on the same day, accessible via avient.com/investors. The recording will be available post-event for one year. In 2021, Avient reported revenues of $4.8 billion, focusing on sustainable material solutions, including technologies enhancing recyclability and energy-efficient infrastructure solutions.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2375 per share on its common stock, payable on July 7, 2022, to stockholders recorded by June 17, 2022. With revenues reaching $4.8 billion in 2021, Avient is recognized for providing specialized material solutions that support sustainability and innovation. The company focuses on improving recyclability, enhancing energy efficiency, and supporting infrastructure advancements, ultimately promoting a more circular economy.
Avient Corporation (NYSE: AVNT) reported first-quarter sales of $1.3 billion, reflecting an 11% year-over-year increase. GAAP EPS rose to $0.91 from $0.86 in the prior year, while adjusted EPS also grew 11% to $0.99, surpassing guidance of $0.95. The company maintains its full-year adjusted EPS forecast at $3.50, excluding the impact from the upcoming Dyneema acquisition. Full-year free cash flow is projected to reach approximately $285 million, up by $35 million from previous estimates, amid macroeconomic challenges.
Avient Corporation (NYSE: AVNT) has agreed to purchase DSM's Protective Materials business, including Dyneema®, for $1.485 billion. This acquisition, expected to close later this year, is anticipated to add approximately $0.35 per share to Avient's EPS in 2022. The Dyneema brand, known as the World's Strongest Fiber™, generates estimated sales of $415 million and EBITDA of $130 million. Avient will also consider selling its Distribution business to maintain a modest leverage ratio and enhance EBITDA margins.
Avient Corporation (NYSE: AVNT) will release its Q1 2022 earnings before the market opens on April 27, 2022. The company will also host a webcast at 8:00 a.m. ET on the same day, providing an opportunity for shareholders to engage during the Q&A session. Avient reported $4.8 billion in revenues for 2021, highlighting its commitment to sustainable solutions that enhance recyclability, reduce carbon footprint, and support renewable energy. Investors can access the webcast and future recordings through Avient’s investor relations webpage.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2375 per share, payable on April 7, 2022 to stockholders of record on March 15, 2022. In 2021, the company reported revenues of $4.8 billion, focusing on specialized and sustainable material solutions. These solutions aim to enhance recyclability, lightweight products for improved efficiency, and sustainable infrastructure. With approximately 8,700 employees, Avient is recognized for its commitment to responsible practices in the industry.
Avient Corporation (NYSE: AVNT) reported strong financial results for Q4 and full year 2021, with GAAP EPS at $0.32 and $2.51 compared to $0.81 and $1.46 in 2020. Adjusted EPS surged 58% to $3.05, driven by high demand for sustainable solutions and healthcare applications. Sales grew 27%, with all segments achieving record numbers. The company anticipates sales of approximately $5.1 billion and adjusted EPS of $3.50 for 2022, despite ongoing raw material and labor shortages. Avient highlighted the successful integration of Clariant's color business, which has exceeded synergy expectations.
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