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Avient Corporation (NYSE: AVNT) delivers specialized polymer solutions and engineered materials for industries ranging from sustainable packaging to healthcare. This news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and market-moving updates.
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Avient Corporation (NYSE: AVNT) will release its first quarter 2023 earnings on May 3, 2023, before the market opens. A webcast will follow at 8:00 a.m. Eastern Time the same day, featuring a slide presentation. Interested parties can access the live webcast at avient.com/investors. A recording and presentation will be available for one year post-call. Avient specializes in sustainable material solutions, with innovations like Dyneema®, enhancing performance in various fields, and technologies promoting recyclability to support a circular economy.
Avient Corporation (NYSE: AVNT) reported its fourth quarter and full year results for 2022, showing a full-year GAAP EPS of $0.90, while adjusted EPS reached $2.69, exceeding prior guidance. The company achieved approximately $400 million in cash flow from operations and paid down $200 million in debt, resulting in a net debt-to-adjusted EBITDA ratio of 2.9x. Despite facing global demand challenges and inventory destocking, Avient's adjusted EPS for Q4 was $0.42, surpassing projections. The outlook for 2023 anticipates sales of $3.45 billion and adjusted EPS of $2.40, with expected improvements in demand conditions in the second half of the year.
The Board of Directors of Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2475 per share on common stock, to be paid on April 6, 2023. Shareholders on record by March 14, 2023 will receive this dividend. Avient is recognized for its focus on specialized and sustainable material solutions that enhance performance and sustainability across various applications, such as Dyneema®, which supports advancements in safety and efficiency in multiple industries.
Avient Corporation (NYSE: AVNT) will announce its fourth quarter 2022 earnings on February 15, 2023, prior to market opening. A live webcast, featuring a slide presentation, is scheduled for 8:00 a.m. Eastern Time on the same day. Participants can access the webcast at avient.com/investors. A recording will be available after the call for up to one year. Avient specializes in sustainable material solutions aimed at enhancing product performance and supporting a circular economy.