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 (NYSE: AVNT) is a plastics material and resin manufacturer that presents itself as an innovator of materials solutions, with an expanding portfolio that includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, which it describes as the world’s strongest fiber™. This news page aggregates company announcements, earnings updates, dividend declarations, leadership changes, and other corporate developments related to AVNT.
Investors and observers following Avient’s news can see regular quarterly earnings releases, where the company reports sales, earnings per share, and segment performance, along with commentary on demand trends across end markets such as defense, healthcare, telecommunications, and consumer-related sectors. These releases also outline the company’s use of non‑GAAP financial measures, including adjusted EPS and adjusted EBITDA, and provide reconciliations to GAAP figures.
Avient’s news flow also features dividend announcements, including information on quarterly cash dividends and the company’s history of consecutive annual dividend increases, as well as updates on capital allocation priorities such as debt reduction and investments in organic growth. Governance and leadership items, such as appointments to the Board of Directors or changes in segment leadership, appear in separate releases and offer insight into how the company organizes its management around its materials-focused strategy.
In addition, Avient regularly issues notices about upcoming conference calls and webcasts for its quarterly results, with details on how to access live presentations and archived recordings. For anyone tracking AVNT, this news page provides a centralized view of the company’s financial disclosures, strategic commentary, and corporate actions over time.
Avient (NYSE: AVNT) has announced the commencement of a $650 million senior notes offering due 2031. The offering is exempt from registration requirements under the Securities Act of 1933. Avient plans to use the net proceeds, along with cash on hand, to redeem all outstanding 5.75% senior notes due 2025 and cover related fees and expenses.
The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. They will not be registered under the Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption. This announcement does not constitute an offer to sell, solicitation to buy, or notice of redemption for the 2025 senior notes.
Avient (NYSE: AVNT) reported strong second quarter 2024 results, with sales growing to $850 million, a 3% increase over the prior year quarter and a 5% organic increase excluding foreign exchange impact. GAAP EPS from continuing operations was $0.36, compared to $0.24 in the prior year quarter. Adjusted EPS of $0.76 exceeded guidance of $0.71 and increased 21% over the prior year quarter.
The company has increased its 2024 full-year adjusted EPS guidance range to $2.55 to $2.70, reflecting 8% to 14% growth over the prior year. Avient also announced the release of its 2023 Sustainability Report and plans to hold an Investor Day on December 4th in New York City to highlight company strategy.
Avient (NYSE: AVNT) has announced a quarterly cash dividend of $0.2575 per share. The dividend will be paid on October 9, 2024, to stockholders of record as of September 13, 2024. Avient is a provider of specialized and sustainable materials solutions.
Avient (NYSE: AVNT), a provider of specialized and sustainable materials solutions, will release its second quarter 2024 earnings before the market opens on August 6, 2024.
Following the release, the company will hold a webcast with a slide presentation at 8:00 a.m. Eastern Time the same day. Viewers can access the webcast live at avient.com/investors.
Participants wishing to join the question and answer session must pre-register to receive the dial-in number and personal PIN. A recording of the webcast and slide presentation will be available on the company's website immediately after the event and will remain accessible for one year.
On May 22, 2024, International Paper (NYSE: IP) announced the election of Jamie A. Beggs and Scott A. Tozier to its Board of Directors, effective May 21, 2024. Additionally, Ilene S. Gordon retired from the Board due to personal and health reasons.
Beggs, a seasoned financial executive, is currently Senior Vice President and CFO of Avient Tozier, a strategic advisor and former CFO at Albemarle , brings extensive financial and M&A experience. Both will join the Audit and Finance Committee and the Public Policy and Environment Committee.
These changes leave the IP Board with 11 directors, nine of whom are independent. Clinton A. Lewis, Jr. was named chair of the Governance Committee.
The Board of Directors of Avient (NYSE: AVNT) has announced a quarterly cash dividend of $0.2575 per share on its common stock. This dividend will be paid on July 10, 2024, to stockholders who are on record as of June 21, 2024. Avient is recognized for its specialized and sustainable materials solutions. The announcement reflects the company's ongoing commitment to providing shareholder value through regular dividend payments.
Avient (NYSE: AVNT) reported first quarter 2024 sales of $829.0 million, with a GAAP EPS of $0.54 and adjusted EPS of $0.76, exceeding guidance. The company revised its full-year adjusted EPS guidance range to $2.50 to $2.65, reflecting strong first quarter results and a 6% to 12% growth over the prior year. The company highlighted strong demand for Dyneema® fiber technology and raw material deflation driving performance.
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