Welcome to our dedicated page for Avient news (Ticker: AVNT), a resource for investors and traders seeking the latest updates and insights on Avient stock.
Avient Corporation reports developments for a materials solutions company serving designers, plastic processors and industrial customers through colorants, advanced composites, functional additives, engineered materials and Dyneema fiber. Its updates frequently cover quarterly sales, GAAP and adjusted earnings, foreign exchange effects, margin performance, cash flow, debt repayment and full-year financial guidance.
Company news also includes dividend declarations and capital allocation actions, conference-call schedules and leadership changes. Business commentary often references Avient's Color, Additives and Inks and Specialty Engineered Materials activities, along with customer demand across packaging, construction, transportation, cosmetics and healthcare end markets.
Avient Corporation (NYSE: AVNT) expects a strong third quarter with adjusted EPS of approximately $0.43, aided by recovery in demand and growth in the Specialty Engineered Materials segment, projected to achieve over 15% EBITDA growth. The acquisition of Clariant Masterbatch is yielding positive contributions, with adjusted EPS expected to reach $0.51, up 16% year-over-year. Avient anticipates third-quarter sales and adjusted EBITDA of around $905 million and $107 million, respectively, alongside estimated free cash flow of $80 million.
Avient Corporation (NYSE: AVNT) has appointed Jamie A. Beggs as the new Chief Financial Officer, succeeding Bradley C. Richardson, who will retire later this year. Ms. Beggs brings 20 years of financial leadership experience, previously serving as CFO at Hunt Consolidated and holding key roles at Celanese Corporation. Robert M. Patterson, CEO, expressed confidence in her ability to drive the company’s growth strategy. Avient reported pro forma revenues of $4.0 billion in 2019, focusing on sustainable material solutions across various industries.
Avient Corporation (NYSE: AVNT) reported its second quarter results for 2020 amidst the ongoing COVID-19 pandemic. While the pandemic impacted sales in the Americas and Europe, orders in Asia increased by 13%. Overall sales declined by 18.6%, primarily due to weak demand in automotive and consumer discretionary sectors. However, sales in healthcare applications and food packaging increased by 7% and 3%, respectively. The company successfully completed the acquisition of Clariant's masterbatch business, marking its largest acquisition to date, enhancing its specialty technology portfolio.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2025 per share, payable on October 8, 2020, to stockholders of record on September 18, 2020. The company reported pro forma revenues of $4.0 billion for 2019, focusing on specialized and sustainable material solutions. Avient provides innovative technologies for food preservation, lightweight materials to improve fuel efficiency, and recyclability enhancements for various packaging. Their commitment to sustainability is reflected in their membership with the Alliance to End Plastic Waste.