Avient Q2 adjusted EPS $0.76 beats guidance; FY24 outlook raised

AVIENT CORP

2024-Q2 EPS reported $0.90 revenue$1,678,700,000

Q2 sales $849.7M (+3% YoY, +5% organic); GAAP EPS $0.36 vs $0.24 YoY.
Adjusted EPS $0.76, up 21% YoY and above guidance of $0.71; driven by broad-based growth.
Full-year adjusted EPS guidance raised to $2.55-$2.70 (from $2.50-$2.65); adj. EBITDA $515M-$540M.
All regions grew organic sales: Americas +5% and +19%, EMEA +4%, Asia +1%.
Sustainability Report published; Investor Day set for Dec 4 in NYC.

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