Avient raises FY24 adjusted EPS view to $2.55-$2.70 from $2.50-$2.65

Consensus $2.61. Raises FY24 adjusted EBITDA view to $515M-$540M from $510M-$535M. Beggs continued, “Our demand outlook for the second half of the year remains largely unchanged from our previous outlook in May, so we are updating our full-year guidance to reflect the strong second quarter results. Accordingly, our revised full-year guidance for adjusted EBITDA is now $515 million to $540 million, from our previous range of $510 million to $535 million. Our revised range for adjusted EPS is between $2.55 to $2.70, from our previous range of $2.50 to $2.65. I’m pleased with how we have delivered during the first half of the year,” added Dr. Khandpur. “As we look to the second half, we expect growth momentum to continue with our teams focused on providing innovative materials and processing solutions to solve our customers’ challenges to enable a sustainable world. I look forward to sharing more details in our third quarter earnings call and at our upcoming investor day in New York City on December 4th.”