Profile
Sector:
Basic MaterialsIndustry:
Specialty ChemicalsCountry:
United StatesIPO:
13 September 1999Website:
http://www.avient.comNext earnings report:
14 February 2025Last dividends:
13 September 2024Next dividends:
13 December 2024Price
after hours | Mon, 18 Nov 2024 23:15:11 GMTAnalysts recommendations
Institutional Ownership
AVNT Latest News
AVNT's gross profit margins have improved by over 70% in the last decade, indicating a shift to higher-margin specialty services. The company is focused on deleveraging, with share repurchases on hold until net debt-to-EBITDA reaches 2.5x, despite recent acquisitions. AVNT announced its 14th consecutive annual dividend increase, with a 5% hike, and aims to return to a safer payout ratio by 2026.
CLEVELAND , Nov. 4, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, will host an Investor Day for the investment community on Wednesday, December 4, 2024, beginning at 10:00 a.m. Eastern Time at the New York Stock Exchange (NYSE).
Avient Corporation (NYSE:AVNT ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer & Investor Relations Ashish Khandpur - President & Chief Executive Officer Jamie Beggs - Senior Vice President & Chief Financial Officer Conference Call Participants Frank Mitsch - Fermium Research David Huang - Deutsche Bank Michael Sison - Wells Fargo Laurence Alexander - Jefferies Vincent Andrews - Morgan Stanley Kristen Owen - Oppenheimer Mike Harrison - Seaport Research Operator Good morning, ladies and gentlemen, and welcome to Avient Corporation's webcast to discuss the company's Third Quarter 2024 Results. My name is Michele, and I will be your operator for today.
Avient (AVNT) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.57 per share a year ago.
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 narrowed to $2.63 to $2.67, from prior guidance range of $2.55 to $2.70; Revised guidance reflects 11% to 13% growth in adjusted EPS over the prior year Increased dividend 5% to $1.08, on an annualized basis, representing the fourteenth consecutive annual increase CLEVELAND , Oct. 31, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, today announced its third quarter 2024 results. The company reported third quarter sales of $815.2 million compared to $753.7 million in the prior year quarter.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
Avient (AVNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
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.
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.
What type of business is Avient?
Avient Corporation is a provider of specialized and sustainable polymer materials, as well as polymer services and solutions. The company's products include specialty engineered materials, advanced composites, color and additive systems, and polymers. Avient is also a niche developer and manufacturer of additives for performance improvement, liquid colorants, fluoropolymer and silicone colorants. Avient offers over 35,000 polymer solutions to more than 10,000 customers worldwide. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. It was founded in 1927, and its headquarters are located in Avon Lake, Ohio.
What sector is Avient in?
Avient is in the Basic Materials sector
What industry is Avient in?
Avient is in the Specialty Chemicals industry
What country is Avient from?
Avient is headquartered in United States
When did Avient go public?
Avient initial public offering (IPO) was on 13 September 1999
What is Avient website?
https://www.avient.com
Is Avient in the S&P 500?
No, Avient is not included in the S&P 500 index
Is Avient in the NASDAQ 100?
No, Avient is not included in the NASDAQ 100 index
Is Avient in the Dow Jones?
No, Avient is not included in the Dow Jones index
When was Avient the previous earnings report?
No data
When does Avient earnings report?
The next expected earnings date for Avient is 14 February 2025