Avient Corp Stock Price, News & Analysis

Avient Corporation (NYSE: AVNT) has agreed to purchase DSM's Protective Materials business, including Dyneema^®, for $1.485 billion. This acquisition, expected to close later this year, is anticipated to add approximately $0.35 per share to Avient's EPS in 2022. The Dyneema brand, known as the World's Strongest Fiber™, generates estimated sales of $415 million and EBITDA of $130 million. Avient will also consider selling its Distribution business to maintain a modest leverage ratio and enhance EBITDA margins.

Avient Corporation (NYSE: AVNT) will release its Q1 2022 earnings before the market opens on April 27, 2022. The company will also host a webcast at 8:00 a.m. ET on the same day, providing an opportunity for shareholders to engage during the Q&A session. Avient reported $4.8 billion in revenues for 2021, highlighting its commitment to sustainable solutions that enhance recyclability, reduce carbon footprint, and support renewable energy. Investors can access the webcast and future recordings through Avient’s investor relations webpage.

Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2375 per share, payable on April 7, 2022 to stockholders of record on March 15, 2022. In 2021, the company reported revenues of $4.8 billion, focusing on specialized and sustainable material solutions. These solutions aim to enhance recyclability, lightweight products for improved efficiency, and sustainable infrastructure. With approximately 8,700 employees, Avient is recognized for its commitment to responsible practices in the industry.

Avient Corporation (NYSE: AVNT) reported strong financial results for Q4 and full year 2021, with GAAP EPS at $0.32 and $2.51 compared to $0.81 and $1.46 in 2020. Adjusted EPS surged 58% to $3.05, driven by high demand for sustainable solutions and healthcare applications. Sales grew 27%, with all segments achieving record numbers. The company anticipates sales of approximately $5.1 billion and adjusted EPS of $3.50 for 2022, despite ongoing raw material and labor shortages. Avient highlighted the successful integration of Clariant's color business, which has exceeded synergy expectations.

Avient Corporation (NYSE: AVNT) plans to release its fourth quarter 2021 earnings on February 8, 2022, before the market opens. A webcast presentation will occur at 8:00 a.m. ET on the same day. The earnings report is expected to reflect projected revenues of $4.75 billion for 2021. The company offers sustainable material solutions, focusing on recyclability, lightweighting, and energy-efficient infrastructure. Investors can participate in a Q&A session post-presentation, and a recording will be available for a week after the call.

Avient Corporation (NYSE: AVNT) announced an upcoming Investor Day on December 9, 2021, from 8:00 a.m. to 1:00 p.m. at the New York Marriott Marquis. CEO Robert M. Patterson will highlight the company's transformation since 2018, focusing on sustainable solutions and long-term growth. The event will feature presentations from senior executives and updates on the integration of the Clariant Color business. Expected revenues for 2021 are $4.75 billion, with emphasis on technologies that enhance recyclability and energy efficiency.

Avient Corporation (NYSE: AVNT) reported a strong third quarter in 2021, achieving a GAAP EPS of $0.57, up from $0.02 year-over-year. Revenue rose 32% to $1.2 billion, with adjusted EPS increasing 52% to $0.70. The company highlighted $50 million in synergies from the integration of Clariant's color business and maintains an adjusted EPS guidance of $3.00 for the full year, representing a 55% increase from the previous year. Avient is on track to reduce net debt to adjusted EBITDA leverage to 2.1x by year-end, ahead of schedule.

Avient Corporation (NYSE: AVNT) announced a quarterly cash dividend of $0.2375 per share, marking its eleventh consecutive annual dividend increase. This dividend will be paid on January 7, 2022, to shareholders on record as of December 17, 2021. The annualized dividend increases from $0.85 to $0.95 per share, reflecting a 12% increase. The company anticipates strong earnings growth and plans to host an Investor Day on December 9 to discuss future strategies and synergies from the acquisition of Clariant Color.

Avient Corporation (NYSE: AVNT) will announce its third quarter 2021 earnings on October 28, 2021. A webcast presentation is scheduled for 8:00 a.m. ET on the same day, allowing investors to engage and submit questions following the presentation. Avient projects revenues between $4.6 billion and $4.7 billion for 2021, emphasizing its commitment to specialized and sustainable material solutions. The company focuses on improving recyclability, light-weighting for fuel efficiency, and enhancing sustainable infrastructure.