secwatch.observer — SEC 8-K summary
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Issuer:     AVIENT CORP (AVNT)
CIK:        0001122976
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001122976-22-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avient reports Q3 GAAP EPS loss of ($0.30); cuts FY 2022 adj. EPS guidance to $2.60
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- GAAP EPS from continuing operations of ($0.30) vs $0.37 a year ago; special items included ($0.75) per share.
- Adjusted EPS exc. intangible amort. of $0.59 was in line with guidance of $0.58, vs $0.61 prior year.
- Completed acquisition of DSM Protective Materials (APM) on Sept 1; sold Distribution business on Nov 1.
- Used $750M after-tax proceeds from Distribution sale to redeem $600M 2023 Senior Notes and pay down $150M term loan.
- Revised FY 2022 adjusted EPS guidance to $2.60, citing weaker demand and new COVID lockdowns in China.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122976/000112297622000061/0001122976-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122976/000112297622000061/avnt-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001122976-22-000061

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