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), 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.
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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