secwatch.observer — SEC 8-K summary
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Issuer:     AVIENT CORP (AVNT)
CIK:        0001122976
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001122976-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122976/000112297623000004/0001122976-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122976/000112297623000004/avnt-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001122976-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer