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 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.
Avient Corporation (NYSE: AVNT) reported a third quarter 2022 GAAP EPS of ($0.30), a decline from $0.37 in the same period last year. This included special items impacting EPS by ($0.75) due to acquisition costs from the DSM Protective Materials purchase. Adjusted EPS was $0.59, slightly below the previous year’s $0.61. The company revised its full year adjusted EPS guidance to $2.60, citing weaker global demand due to economic conditions and COVID lockdowns in China. Proceeds from the sale of the Distribution business are being used to reduce debt.
Avient Corporation (NYSE: AVNT) has finalized the sale of its Distribution business to an affiliate of H.I.G. Capital for $950 million in cash, yielding approximately $750 million after tax. The company aims to utilize the proceeds to pay down near-term debt, aligning with its strategy to push forward with its specialty transformation after acquiring DSM's Protective Materials business. The former Distribution business will operate under the name Formerra.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2475 per share, marking the twelfth consecutive annual increase. The dividend will be paid on January 6, 2023, to stockholders of record on December 16, 2022. This increase elevates the annual dividend from $0.95 to $0.99 per share. The company has achieved a compounded annual growth rate of 16% since initiating its dividend in 2011, attributed to its transformation towards specialty applications in high-growth markets while navigating macroeconomic uncertainties.
Avient Corporation (NYSE: AVNT) will release its third quarter 2022 earnings on November 2, 2022, before market opening. A webcast presentation will follow at 8:00 a.m. Eastern Time, allowing investors to gain insights into the company’s performance. Participants can pre-register for the conference call to receive the necessary dial-in information. The recorded webcast and slide presentation will be available for one year post-call. Avient focuses on specialized sustainable materials, enhancing recyclability and energy efficiency.
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