earnings
confidence high
sentiment positive
materiality 0.80
Avient reports record Q4 and FY2021; adjusted EPS up 58% to $3.05; guides 2022 adj. EPS $3.50
AVIENT CORP
2021-FY EPS reported
$2.51
revenue$4,818,800,000
- Q4 sales $1.2B (+21% YoY); full year sales $4.8B (+27% YoY).
- GAAP EPS: Q4 $0.32 vs $0.81, FY $2.51 vs $1.46; adjusted EPS Q4 $0.58 (+12%), FY $3.05 (+58%).
- Initiates 2022 guidance: sales ~$5.1B, adjusted EPS $3.50.
- Increased annual dividend 12% to $0.95 per share (11th consecutive annual increase).
- Clariant color acquisition integration ahead of schedule; EBITDA contribution rose to $205M; net debt/EBITDA 2.2x.