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 (NYSE: AVNT) has announced its Board of Directors has declared a quarterly cash dividend of $0.27 per share on common stock. The dividend will be paid on April 4, 2025, to stockholders of record as of March 18, 2025. The company, which specializes in innovative materials solutions, made this announcement from Cleveland on February 10, 2025.
Avient (NYSE: AVNT) has announced it will release its fourth quarter 2024 earnings before market opening on Thursday, February 13, 2025. The company will host a webcast with slide presentation at 8:00 a.m. Eastern Time on the same day.
Participants interested in the Q&A session must pre-register to receive dial-in details and a personal PIN. The webcast can be viewed live at avient.com/investors. A recording of the webcast and slide presentation will be available at the same website immediately after the conference call and will remain accessible for one year.
Avient (NYSE: AVNT) has announced it will host an Investor Day on December 4, 2024, at 10:00 a.m. Eastern Time at the New York Stock Exchange. CEO Dr. Ashish Khandpur will present the company's strategic approach focused on growth and margin expansion by aligning customer needs and market trends with their technology portfolio. The event will feature presentations from senior executives followed by a Q&A session. Interested parties can register and view the webcast at www.avient.com/investors.
Avient (AVNT) reported strong Q3 2024 results with sales reaching $815.2 million, an 8% increase from the prior year. GAAP EPS from continuing operations was $0.41, up from $0.06, while adjusted EPS reached $0.65, exceeding guidance of $0.62. The company saw organic growth across all regions, with Latin America and Asia showing notable increases of 27% and 11% respectively. The company narrowed its 2024 full-year adjusted EPS guidance to $2.63-$2.67, projecting 11-13% growth. Additionally, Avient increased its dividend by 5% to $1.08 annually, marking its fourteenth consecutive annual increase.
Avient (NYSE: AVNT) has announced its fourteenth consecutive annual dividend increase. The Board of Directors has declared a quarterly cash dividend of $0.27 per share on the common stock outstanding, payable on January 8, 2025, to stockholders of record on December 13, 2024. This represents an approximate 5% increase on an annualized basis, raising the dividend from $1.03 to $1.08 per share.
Dr. Ashish Khandpur, President and CEO of Avient, expressed satisfaction with the dividend increase, emphasizing the company's commitment to raising dividends in line with earnings growth and returning cash to shareholders through a disciplined capital allocation strategy.
Avient (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, has announced its plans for the third quarter 2024 earnings release and conference call. The company will release its earnings before the market opens on Thursday, October 31, 2024. Following this, Avient will host a webcast with a slide presentation at 8:00 a.m. Eastern Time on the same day.
Investors can view the webcast live at avient.com/investors or via the provided webcast link. For those participating in the question and answer session, pre-registration is required to receive the dial-in number and personal PIN. The webcast recording and slide presentation will be available on the company's website immediately after the conference call and will remain accessible for one year.
Avient (NYSE: AVNT) has priced its offering of $650 million in senior notes due 2031. The notes will bear an annual interest rate of 6.250% and will be issued at 100.000% of their principal amount. The offering is expected to close on September 19, 2024, subject to customary conditions. Avient plans to use the net proceeds, along with cash on hand, to redeem all outstanding 5.75% senior notes due 2025 and pay related fees and expenses.
The notes will be offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. They will not be registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption.
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.