Avient Q1 adj. EPS $0.76 beats guidance; raises FY EPS guidance low end to $2.50

AVIENT CORP

2024-Q1 EPS reported $0.54 revenue$829,000,000

GAAP EPS from cont. ops $0.54 vs $0.23 prior year; adjusted EPS $0.76 vs $0.63, above $0.68 guidance.
Sales $829M, down 2% YoY; adjusted EBITDA margin 17.3%, +150 bps year-over-year.
Revised FY adj. EPS guidance to $2.50-$2.65 from $2.40-$2.65; adj. EBITDA $510-$535M.
Q2 adj. EPS guidance $0.71, +13% YoY, driven by demand improvement in consumer, packaging, defense.
Strong demand for Dyneema fiber in personal protection and raw material deflation boosted margins.

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 0.95

AVIENT CORP reported first quarter of 2024 results: revenue sales of $829.0 million, EPS GAAP EPS from continuing operations of $0.54. Guidance raised.

Period: first quarter of 2024
Revenue: sales of $829.0 million
EPS: GAAP EPS from continuing operations of $0.54
Guidance: raised
Result: reported results

Exact text from the filing

AVNT), a leading provider of specialized and sustainable materials solutions, today announced its first quarter results for 2024. The company reported first quarter sales of $829.0 million compared to $845.7 million in the prior year quarter. First quarter GAAP earnings per share (EPS) from continuing operations was $0.54 compared to $0.23 in the prior year

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Source: SEC EDGAR

accession 0001122976-24-000031

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