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Avient (AVNT)
NYSE:AVNT
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.49Last Year’s EPS
$0.52Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -13.99%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
Avient's Q3 2024 earnings call highlighted strong organic sales growth and increased profitability, with notable regional performance in Latin America and the U.S. However, challenges persist in the telecom and transportation markets, compounded by economic sluggishness in the Eurozone and compensation-related headwinds.Company Guidance
During Avient Corporation's earnings call for Q3 2024, the company provided guidance reflecting robust financial performance. They reported a sales increase to $815 million, representing an 8% growth over the previous year, with 8.5% organic sales growth when excluding foreign exchange impacts. Adjusted EBITDA grew by 6% year-over-year to $130 million, with both segments expanding EBITDA margins by 40 basis points. Adjusted earnings per share rose 14% to $0.65, exceeding prior guidance. For the full year, Avient projected adjusted EBITDA between $525 million and $530 million and adjusted EPS growth of 11% to 13%, translating to a range of $2.63 to $2.67. The guidance anticipates continued strong demand in the U.S., Canada, and Asia, with more cautious expectations for EMEA due to market weaknesses.Strong Organic Sales Growth
Avient reported an organic sales growth of 8.5% in Q3 2024, with a total sales figure of $815 million, reflecting broad-based growth across all geographies and most end markets.
Adjusted EBITDA and EPS Growth
Adjusted EBITDA grew by 6% to $130 million, while adjusted earnings per share increased by 14% to $0.65, exceeding prior guidance by $0.03.
Continued Dividend Growth
Avient increased its dividend by 5% to an annualized payout of $1.08 per share, marking the 14th consecutive year of dividend increases.
Regional Performance Highlights
Latin America showed strong organic sales growth of 27%, with significant new business wins in personal care applications. The U.S. and Canada saw a 9% sales growth, driven by a 21% increase in Building & Construction and a 15% increase in the Health Care sector.
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AVNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $48.25 | $46.35 | -3.94% |
| Aug 06, 2024 | $40.39 | $44.37 | +9.85% |
| May 07, 2024 | $43.69 | $45.53 | +4.21% |
| Feb 14, 2024 | $35.24 | $37.97 | +7.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avient (AVNT) report earnings?
Avient (AVNT) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Avient (AVNT) earnings time?
Avient (AVNT) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVNT EPS forecast?
AVNT EPS forecast for the fiscal quarter 2024 (Q4) is $0.49.
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