Avient Corp

AVNT

Equity

ISIN US05368V1061 / Valor 55641012

New York Stock Exchange, Inc (2025-03-13)

USD 39.49-1.59%

Avient Corp
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About company

Avient Corp, formerly known as PolyOne Corporation, is a global company specializing in providing specialized and sustainable material solutions for various industries. With a focus on innovation and excellence, Avient Corp offers ultra-lightweight specialty fibers, including the renowned Dyneema® brand, which is 15 times stronger than steel and used in applications such as personal protection, marine and sustainable infrastructure, renewable energy, industrial safety, and outdoor sports. The company operates six production facilities, four R&D centers, and employs approximately 9,700 associates worldwide. Avient Corp's mission is to transform customer challenges into opportunities by bringing new products to life for a better world.

Summarized from source with an LLMView SourceSector: Industrials

Sales Growth

In the third quarter of 2024, Avient Corp reported a significant increase in sales, reaching $815 million. This marks an 8% growth compared to the same quarter in the previous year, driven by broad-based growth across all regions and most end markets.

GAAP EPS Improvement

Avient Corp's third quarter 2024 GAAP earnings per share (EPS) from continuing operations rose to $0.41, a substantial improvement from $0.06 in the prior year quarter. This increase reflects the company's strong operational performance and strategic initiatives.

Adjusted EPS Exceeds Expectations

The company's adjusted EPS for the third quarter of 2024 was $0.65, surpassing the guidance of $0.62 and representing a 14% increase over the prior year quarter. This growth was fueled by organic revenue growth, margin expansion, and lower interest expenses.

Revised Full-Year Guidance

Avient Corp has narrowed its full-year 2024 adjusted EPS guidance range to $2.63 to $2.67, reflecting an 11% to 13% growth over the previous year. The company also adjusted its expected EBITDA range to $525 million to $530 million, indicating confidence in its financial outlook.

Dividend Increase

Continuing its commitment to returning value to shareholders, Avient Corp announced a 5% increase in its annualized dividend, raising it to $1.08. This marks the fourteenth consecutive year of dividend increases, underscoring the company's strong financial health and shareholder focus.

Summarized from source with an LLMView Source

Key figures

-5.16%1Y

-19.3%3Y

109%5Y

Performance

29.5%1Y

37.6%3Y

47.7%5Y

Volatility