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) announced key updates regarding its third quarter and full year 2022 forecast. The company completed the acquisition of DSM's Protective Materials business, including the Dyneema brand, on September 1, while preparing to divest its Distribution segment, expected to conclude in Q4. However, it has lowered its adjusted EPS guidance by $0.30 for 2022 due to reduced demand and adverse foreign exchange effects. The ongoing war in Ukraine and rising interest rates have further strained demand across regions.
Avient Corporation (NYSE: AVNT) has completed its acquisition of DSM's protective materials business, including the Dyneema® brand, now known as Avient Protective Materials. This acquisition enhances Avient's Specialty Engineered Materials segment, leveraging Dyneema®, recognized as the world's strongest fiber, used in high-performance applications. The acquisition includes six production facilities and four R&D centers globally, bolstering Avient's presence in advanced composites. The move is expected to drive innovation and growth in performance-focused material solutions.
Avient Corporation (NYSE: AVNT) announced a definitive agreement to sell its Distribution business to an affiliate of H.I.G. Capital for $950 million in cash, subject to regulatory approval. The transaction is expected to reduce net debt to adjusted EBITDA leverage to approximately 2.8x by year-end. After-tax proceeds of around $750 million will be used to manage near-term debt. This divestiture aligns with Avient's ongoing transformation into a pure play specialty formulator, following the acquisition of DSM's Protective Materials business.
Avient Corporation (NYSE: AVNT) announced the completion of debt financing to support its acquisition of DSM Protective Materials (Dyneema brand), set to close on September 1, 2022. The financing includes $725 million in senior notes due 2030 with a 7.125% interest rate, alongside a secured term loan due 2029. The all-in weighted average interest rate for financing is approximately 6.6%. With projected 2021 revenues of $4.8 billion, Avient aims to leverage the acquisition to enhance its specialized and sustainable material solutions.
Avient Corporation (NYSE: AVNT) has priced its previously announced offering of $725 million in senior notes due 2030, with an annual interest rate of 7.125%. The offering is expected to close on August 10, 2022, and will support the acquisition of DSM's protective materials business. If the acquisition is not consummated by April 19, 2023, the notes will be subject to mandatory redemption. The notes will be offered to qualified institutional buyers under Rule 144A and Regulation S.
Avient Corporation (NYSE: AVNT) announced a $725 million offering of senior notes due 2030, exempt from the registration requirements of the Securities Act. The proceeds will partially fund its acquisition of Royal DSM's protective materials business, including the Dyneema® Brand. The offering's closing is anticipated before the acquisition's completion, with a 'special mandatory redemption' condition if the acquisition does not finalize by April 19, 2023. The notes are aimed at qualified institutional buyers and will not be registered under the Securities Act.
Avient Corporation reported second quarter sales of $1.3 billion, marking a 5% increase from the previous year, and achieved an all-time quarterly record. GAAP EPS rose 24% to $0.92, while adjusted EPS increased 13% to $0.98, surpassing guidance. The results were driven by strong performance in the Americas, despite COVID-19 lockdowns in Shanghai. Avient maintained its full-year adjusted EPS guidance of $3.50 and introduced third-quarter guidance of $0.80. The company is on track for the acquisition of DSM Protective Materials, while exploring the sale of its Distribution business.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2375 per share. The dividend will be paid on October 6, 2022 to stockholders of record as of September 16, 2022. In 2021, Avient reported revenues of $4.8 billion and specializes in sustainable material solutions that enhance product recyclability and reduce carbon footprints in transportation. The company employs around 8,800 associates and is recognized for its commitment to sustainability and workplace excellence.
Avient Corporation (NYSE: AVNT) will announce its second quarter 2022 earnings before the market opens on July 26, 2022. A live webcast presentation is scheduled for 8:00 a.m. Eastern Time on the same day, accessible via avient.com/investors. The recording will be available post-event for one year. In 2021, Avient reported revenues of $4.8 billion, focusing on sustainable material solutions, including technologies enhancing recyclability and energy-efficient infrastructure solutions.
Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2375 per share on its common stock, payable on July 7, 2022, to stockholders recorded by June 17, 2022. With revenues reaching $4.8 billion in 2021, Avient is recognized for providing specialized material solutions that support sustainability and innovation. The company focuses on improving recyclability, enhancing energy efficiency, and supporting infrastructure advancements, ultimately promoting a more circular economy.
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