Avient Q4 GAAP EPS $(0.19); adj EPS $0.39 beats guidance; guides FY2023 adj EPS $2.40

AVIENT CORP

2022-FY EPS reported $7.63 revenue$3,396,900,000

Q4 GAAP EPS from continuing ops $(0.19); full year GAAP EPS $0.90.
Q4 adjusted EPS $0.39 vs prior guidance $0.29; full year adj EPS $2.69 vs $2.60 guidance.
Pro forma adjusted EPS Q4 $0.42, full year $3.04, exceeding guidance of $0.33 and $2.95.
Generated ~$400M cash from ops; free cash flow ~$290M; paid down $200M debt; net debt-to-adj EBITDA 2.9x.
FY2023 outlook: sales ~$3.45B, adj EBITDA ~$530M, adj EPS ~$2.40, expecting H2 improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AVIENT CORP reported the fourth quarter of 2022 results: EPS $(0.19).

Period: the fourth quarter of 2022
EPS: $(0.19)
Result: reported results

Exact text from the filing

Fourth quarter and full year GAAP earnings per share (EPS) from continuing operations were $(0.19) and $0.90, respectively.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AVIENT CORP reported the full year 2022 results: EPS $0.90.

Period: the full year 2022
EPS: $0.90
Result: reported results

Exact text from the filing

Fourth quarter and full year GAAP earnings per share (EPS) from continuing operations were $(0.19) and $0.90, respectively.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AVIENT CORP reported full-year 2023 results: revenue $3.45 billion, EPS $2.40. Guidance initiated.

Period: full-year 2023
Revenue: $3.45 billion
EPS: $2.40
Guidance: initiated
Result: guidance update

Exact text from the filing

Given these factors we anticipate full-year sales of $3.45 billion, adjusted EBITDA of $530 million and adjusted EPS of $2.40.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

AVIENT CORP filing history →

Source: SEC EDGAR

accession 0001122976-23-000004

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