Avient reports Q1 adjusted EPS 76c, consensus 69c

Reports Q1 revenue $829M, consensus $818.43M. “It is a positive start to the year, as we grew first quarter adjusted EPS by 21% over the prior year,” said Dr. Ashish Khandpur, President and Chief Executive Officer, Avient Corporation. “Our performance was supported by strong demand for our Dyneema(R) fiber technology used in personal protection applications and raw material deflation. These drivers resulted in total company adjusted EBITDA margin of 17.3% for the quarter, a 150 basis point year-over-year improvement.”