Avient Corp

Latest Results (18.05.2026):

Avient Corp — fourth quarter 2025: Avient reported modest revenue growth for Q4 2025 while GAAP earnings were down versus prior year after significant special items; adjusted results showed improvement. Full-year 2025 sales were roughly flat to prior year, adjusted EPS and adjusted EBITDA increased, and management cited productivity, mix and 2025 initiatives as drivers for expected earnings growth in 2026 even if demand remains mixed.

Q4 revenue and GAAP EPS

Q4 2025 sales were $760.6 million, up from $746.5 million a year earlier. GAAP net income attributable to Avient was $16.9 million ($0.18 per share) in Q4 2025 versus $48.3 million ($0.52–$0.53 per share) in Q4 2024.

Adjusted EPS and margin expansion

Q4 adjusted net income was $51.3 million, or $0.56 per diluted share, up ~14% year‑over‑year. Adjusted EBITDA for the quarter was $118.1 million, with adjusted EBITDA margin of 15.5% (an 80 bp improvement from 14.7% in Q4 2024).

Full‑year 2025 results (summary)

Full‑year sales were $3.260 billion versus $3.240 billion in 2024. GAAP net income attributable was $81.9 million ($0.89 per share) versus $169.5 million ($1.84) in 2024, largely reduced by special items. Full‑year adjusted net income was $259.0 million ($2.82 per share) versus $244.9 million ($2.66) in 2024. Adjusted EBITDA was $544.6 million (16.7% of sales) versus $526.4 million (16.2%).

Special items and one‑time charges

Special items materially depressed GAAP results: year‑to‑date pre‑tax special items totaled $152.2 million, including a pre‑tax $86.3 million cloud ERP impairment and restructuring/environmental charges. After‑tax special items reduced full‑year net income by $116.4 million (approx. $1.27 per share).

Segment performance

Color, Additives & Inks: Q4 sales $466.0M with operating income $58.6M. Specialty Engineered Materials: Q4 sales $295.5M with operating income $39.0M. Corporate results were a significant drag (corporate operating loss of $58.0M in Q4) driven by special items.

Cash flow, balance sheet and capital items

Net cash provided by operating activities for 2025 was $301.6M (up from $256.8M). Year‑end cash and equivalents were $510.5M (down from $544.5M). Long‑term debt decreased to $1,922.6M from $2,059.3M year‑over‑year. Capital expenditures were $106.6M for 2025.

Dividend and shares

Avient declared quarterly cash dividend of $0.2750 per share in Q4; full‑year dividends were $1.0850 per share versus $1.0425 in 2024. Weighted‑average diluted shares were ~91.8 million for 2025.

2026 outlook

Management expects mixed demand early in 2026 and is not relying on macro improvement to drive earnings. They project carryover benefits from 2025 initiatives, productivity and cash preservation to enable earnings growth in 2026 if demand does not improve. (A specific Q1 adjusted EPS projection was referenced in the release but the numerical value was not provided in the excerpt.)