Highest-materiality recent filing
Avient shareholders elect all 11 director nominees, approve say-on-pay, ratify EY auditor
All 11 director nominees elected with 83.4M-85.2M votes for each, broker non-votes ~2.0M.
Avient Q1 adjusted EPS of $0.83 beats $0.81 guidance; sales up 3% to $847M
GAAP EPS of $0.61 vs ($0.22) prior year; adjusted EPS of $0.83 grew 9% YoY.
Avient CFO Jamie Beggs resigning June 1; internal successor Giuseppe Di Salvo appointed
CFO Jamie A. Beggs resigns effective June 1, 2026, to pursue other opportunities; no disagreement with company.
Avient Q4 adjusted EPS $0.56 (+14% YoY); FY25 adjusted EPS $2.82 (+6%); FY26 guidance $2.93-$3.17
Q4 sales $761M (+2% YoY); FY sales $3,260M (+1% YoY).
Avient Q3 2025: Adj. EPS $0.70 (+8% YoY), sales down 1%, maintains FY adj. EPS guidance $2.77-$2.87
Q3 sales $806.5M vs $815.2M prior year, down 1% including 2% FX benefit.
Avient Q2 adj EPS $0.80 beats guidance; sales +2% to $867M; FY adj EPS narrowed to $2.77-$2.87
Sales $866.5M (+2% YoY); GAAP EPS $0.57 vs $0.36; adj EPS $0.80 vs $0.76.
Avient enters $500M senior secured revolving credit facility, replaces prior ABL agreement
New $500M facility replaces existing ABL credit agreement; can be increased by up to $250M subject to lender commitments.
Avient SVP & President of Specialty Engineered Materials retires effective June 30, 2025
Christopher L. Pederson retires as SVP and President of Specialty Engineered Materials, effective June 30, 2025.
Avient shareholders elect all 12 director nominees, approve say-on-pay, ratify EY as auditor
All 12 director nominees elected; Richard H. Fearon received the most withheld votes (14.9M).
Q1 sales $826.6M, down slightly YoY; organic growth of 2% excluding FX.
Avient refinances $721M term loans, cuts interest rate by 25 bps
Avient entered Amendment No. 10 creating $721M Term B-9 Loans to refinance all outstanding term loans.
Avient Q4 adjusted EPS $0.49 beats guidance; FY2024 adj EPS $2.66, +13% YoY
Q4 revenue $747M (+4% YoY); full-year revenue $3,240M (+3%).
Avient beats Q3 adjusted EPS guidance, raises full-year outlook, increases dividend 5%
Q3 sales $815M (+8% YoY); GAAP EPS $0.41; adjusted EPS $0.65 (+14% YoY) vs guidance $0.62.
Avient issues $650M of 6.250% Senior Notes due 2031
Issued $650M aggregate principal of 6.250% senior unsecured notes maturing November 1, 2031.
Avient prices $650M senior notes at 6.250% due 2031, proceeds to redeem 2025 notes
$650 million aggregate principal of 6.250% senior notes due 2031 priced at 100% of par.
Avient launches $650M senior notes offering due 2031 to refinance 2025 notes
$650M aggregate principal of senior notes due 2031 offered in private placement.
Avient Q2 adjusted EPS $0.76 beats guidance; FY24 outlook raised
Q2 sales $849.7M (+3% YoY, +5% organic); GAAP EPS $0.36 vs $0.24 YoY.
Avient SVP and President of Color, Additives & Inks - EMEA Michael Garratt to retire
Retirement announced July 25, 2024; Garratt will provide transition support.
Avient shareholders elect all 12 directors, approve say-on-pay, ratify auditor
All 12 director nominees elected with majority votes; broker non-votes 1,974,926.
Avient Q1 adj. EPS $0.76 beats guidance; raises FY EPS guidance low end to $2.50
GAAP EPS from cont. ops $0.54 vs $0.23 prior year; adjusted EPS $0.76 vs $0.63, above $0.68 guidance.
Avient Q4 adjusted EPS $0.52 beats guidance; 2024 outlook $2.40-$2.65
Q4 2023 GAAP EPS $0.30; adjusted EPS $0.52 vs. guidance $0.47, up 24% YoY pro forma adjusted.
Avient appoints Ashish Khandpur as CEO effective Dec 1, 2023; Patterson to advise through May 2024
Robert M. Patterson retires as CEO and Board member effective Dec 1, 2023; stays as Special Advisor through May 31, 2024.
Avient Q3 adjusted EPS $0.57 beats guidance; sales $754M down 8.4% YoY; FY adj EPS guidance $2.30
GAAP EPS $0.06 vs ($0.30) prior year; adjusted EPS $0.57 exceeds guidance of $0.56.
Avient refinances $732M term loans, extends maturity to 2029, reduces interest rate
New Term B-7 Loans of $732M used to refinance existing Term B-5 and B-6 loans.
Avient Q2 adjusted EPS $0.63 beats $0.60 guidance; maintains FY EPS $2.40
GAAP EPS $0.24 includes $0.21 special items and $0.18 amortization; adjusted EPS $0.63.
Shareholders approved amended 2020 Equity & Incentive Plan with 5M shares available, extended to May 2033.
Avient beats Q1 adjusted EPS guidance at $0.63; maintains FY guidance at $2.40 EPS
Q1 sales $846M in line; GAAP EPS $0.23 includes $0.24 special items; adjusted EPS $0.63 beat guidance of $0.55.
Avient Q4 GAAP EPS $(0.19); adj EPS $0.39 beats guidance; guides FY2023 adj EPS $2.40
Q4 GAAP EPS from continuing ops $(0.19); full year GAAP EPS $0.90.
Amends prior 8-K to include unaudited pro forma financials for DSM Protective Materials acquisition and Distribution divestiture.
Avient completes sale of Distribution business to H.I.G. Capital affiliate for $950M cash
Sale closed Nov 1, 2022; proceeds $950M in cash, subject to working capital adjustment.
Avient reports Q3 GAAP EPS loss of ($0.30); cuts FY 2022 adj. EPS guidance to $2.60
GAAP EPS from continuing operations of ($0.30) vs $0.37 a year ago; special items included ($0.75) per share.
Redemption covers entire $600M aggregate principal of 5.25% Senior Notes due March 15, 2023.
Avient closes acquisition of DSM Protective Materials; funds with $575M term loan
Acquisition of DSM Protective Materials closed Sept 1, 2022; reported as Avient Protective Materials in Specialty Engineered Materials segment.
Avient sells Distribution segment to H.I.G. Capital for $950M cash
Sale price $950M cash, valuing Distribution at ~10x LTM EBITDA; buyer H.I.G. Capital.
Avient issues $725M of 7.125% Senior Notes due 2030
Issued $725M aggregate principal amount of 7.125% Senior Notes due August 1, 2030.
Avient files audited 2021 financials for DSM Protective Materials (Dyneema) for pending acquisition
FY 2021 revenue €339M, operating profit €62.4M, net profit €46.1M.
Avient prices $725M of 7.125% senior notes due 2030 to fund DSM Dyneema acquisition
Priced $725M of 7.125% senior notes due 2030 at 100% of par; closing expected Aug 10, 2022.
Avient Q2 adj. EPS $0.98 beats $0.92 guidance; sales record $1.3B
GAAP EPS $0.92 (+24% YoY); adjusted EPS $0.98 (+13%, excluding FX +20%).
Avient announces $725M senior note offering to fund Dyneema acquisition
Private offering of $725M senior notes due 2030 to fund acquisition of Dyneema business.
Avient acquires DSM Protective Materials Business for €1.38 billion
Purchase price of €1,380,300,000 for DSM Protective Materials Business, subject to customary locked-box adjustments.
Avient shareholders elect all 12 directors and approve say-on-pay and auditor
All 12 director nominees elected; votes for ranged from 76.6M to 82.0M shares.
Avient to acquire DSM Protective Materials (Dyneema) for $1.485B; Q1 adj. EPS beats guidance
Q1 sales $1.3B (+11% YoY); GAAP EPS $0.91; adj. EPS $0.99, beating $0.95 guidance.
Avient reports record Q4 and FY2021; adjusted EPS up 58% to $3.05; guides 2022 adj. EPS $3.50
Q4 sales $1.2B (+21% YoY); full year sales $4.8B (+27% YoY).
Avient Q3 sales up 32% to $1.2B, adj. EPS $0.70 (+52%), dividend raised 12%
GAAP EPS from continuing ops $0.57 vs $0.02 a year ago; adjusted EPS $0.70, up 52%.
Avient expands board to 12, appoints Neil Green and Ernest Nicolas as directors
Board increased from 10 to 12 directors; Green and Nicolas elected effective August 6, 2021.
Avient Q2 sales $1.235B (+42%), adjusted EPS $0.87 (+107%); FY guidance raised to $3.00
GAAP EPS $0.74 vs $0.25 prior year; adjusted EPS $0.87 vs $0.42, up 107%.
Christopher L. Pederson, Senior Vice President and President of Specialty Engineered Materials, has given notice of his decision to retire from Avient Corporation (the "Company"), effective as of June 30, 2025.
On July 25, 2024, Avient Corporation (the “Company”) announced that Michael Garratt intended to retire from his position as Senior Vice President, President of Color, Additives & Inks - EMEA.
Robert M. Patterson, Chairman of the Board of Directors and the President and Chief Executive Officer of Avient Corporation (the “Company”), notified the Board of Directors (the “Board”) of the Company that he will retire as President and Chief Executive Officer and as a member of the Board, effective as of December 1, 2023.
On November 13, 2023, the Company announced that, in connection with Mr. Patterson’s retirement, Dr. Ashish Khandpur has been appointed as President and Chief Executive Officer and a member of the Board, effective December 1, 2023.
On August 6, 2021, the Board of Directors (the “Board”) of Avient Corporation (the “Company”) increased its size from ten to twelve directors and elected Neil Green and Ernest Nicolas as directors, effective immediately.
On August 6, 2021, the Board of Directors (the “Board”) of Avient Corporation (the “Company”) increased its size from ten to twelve directors and elected Neil Green and Ernest Nicolas as directors, effective immediately.
Max materiality 0.85 · Median 0.70 · Most common event earnings