We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Avient's Earnings Surpass Estimates in Q4, Revenues Miss
Read MoreHide Full Article
Avient Corporation (AVNT - Free Report) logged earnings from continuing operations of 52 cents per share in the fourth quarter of 2024, up from earnings of 30 cents it had reported a year ago.
Barring one-time items, adjusted earnings for the reported quarter came in at 49 cents per share. It beat the Zacks Consensus Estimate of 48 cents.
Find the latest earnings estimates and surprises on Zacks Earnings Calendar.
Avient raked in revenues of $746.5 million, up around 4% year over year. It, however, missed the Zacks Consensus Estimate of $751.2 million. Organic sales were up 5% year over year aided by growth in all geographic regions.
Avient Corporation Price, Consensus and EPS Surprise
Sales from the Color, Additives and Inks unit were $467.7 million in the reported quarter, up roughly 2% year over year. It was below the consensus estimate of $479 million.
Specialty Engineered Materials recorded sales of $279.7 million, up around 8% year over year. It was above the consensus estimate of $277 million.
AVNT’s FY24 Results
Earnings (as reported) for full-year 2024 was $1.84 per share, up from 83 cents per share a year ago. Net sales rose around 3% year over year to $3,240.4 million.
Avient’s Financial Position
Avient ended 2024 with cash and cash equivalents of roughly $544.5 million, flat year over year. Long-term debt was around $2,059.3 million, down around 0.5% from the prior year.
Net cash provided by operating activities was $256.8 million for full-year 2024, up around 27% year over year.
AVNT’s Outlook
The company expects full-year 2025 adjusted earnings in the range of $2.70-$2.94 per share. the mid-point represents an 11% growth excluding the unfavorable currency impact. AVNT sees adjusted EBITDA in the band of $540-$570 million for the full year.
Avient projects first-quarter adjusted earnings to be 76 cents per share. This represents a 6% growth, excluding the currency impact.
AVNT Stock’s Price Performance
Avient’s shares have gained 8.8% in the past year compared with the Zacks Chemicals Diversified industry’s 3.2% decline.
Ingevity is scheduled to release fourth-quarter results on Feb.18. The Zacks Consensus Estimate for NGVT’s fourth-quarter earnings is pegged at 12 cents. NGVT surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 95.4%, on average.
ICL Group is slated to release fourth-quarter results on Feb.26. The consensus estimate for ICL’s fourth-quarter earnings is pegged at 6 cents. It surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of 18.1%.
Nutrien is scheduled to release fourth-quarter results on Feb.19. The Zacks Consensus Estimate for NTR’s fourth-quarter earnings is pegged at 33 cents.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Avient's Earnings Surpass Estimates in Q4, Revenues Miss
Avient Corporation (AVNT - Free Report) logged earnings from continuing operations of 52 cents per share in the fourth quarter of 2024, up from earnings of 30 cents it had reported a year ago.
Barring one-time items, adjusted earnings for the reported quarter came in at 49 cents per share. It beat the Zacks Consensus Estimate of 48 cents.
Find the latest earnings estimates and surprises on Zacks Earnings Calendar.
Avient raked in revenues of $746.5 million, up around 4% year over year. It, however, missed the Zacks Consensus Estimate of $751.2 million. Organic sales were up 5% year over year aided by growth in all geographic regions.
Avient Corporation Price, Consensus and EPS Surprise
Avient Corporation price-consensus-eps-surprise-chart | Avient Corporation Quote
AVNT’s Segment Highlights
Sales from the Color, Additives and Inks unit were $467.7 million in the reported quarter, up roughly 2% year over year. It was below the consensus estimate of $479 million.
Specialty Engineered Materials recorded sales of $279.7 million, up around 8% year over year. It was above the consensus estimate of $277 million.
AVNT’s FY24 Results
Earnings (as reported) for full-year 2024 was $1.84 per share, up from 83 cents per share a year ago. Net sales rose around 3% year over year to $3,240.4 million.
Avient’s Financial Position
Avient ended 2024 with cash and cash equivalents of roughly $544.5 million, flat year over year. Long-term debt was around $2,059.3 million, down around 0.5% from the prior year.
Net cash provided by operating activities was $256.8 million for full-year 2024, up around 27% year over year.
AVNT’s Outlook
The company expects full-year 2025 adjusted earnings in the range of $2.70-$2.94 per share. the mid-point represents an 11% growth excluding the unfavorable currency impact. AVNT sees adjusted EBITDA in the band of $540-$570 million for the full year.
Avient projects first-quarter adjusted earnings to be 76 cents per share. This represents a 6% growth, excluding the currency impact.
AVNT Stock’s Price Performance
Avient’s shares have gained 8.8% in the past year compared with the Zacks Chemicals Diversified industry’s 3.2% decline.
Image Source: Zacks Investment Research
AVNT’s Zacks Rank & Other Key Picks
AVNT currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are Ingevity Corporation (NGVT - Free Report) , ICL Group Ltd (ICL - Free Report) and Nutrien Ltd. (NTR - Free Report) . While NGVT carries a Zacks Rank #1 (Strong Buy), ICL and NTR have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity is scheduled to release fourth-quarter results on Feb.18. The Zacks Consensus Estimate for NGVT’s fourth-quarter earnings is pegged at 12 cents. NGVT surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 95.4%, on average.
ICL Group is slated to release fourth-quarter results on Feb.26. The consensus estimate for ICL’s fourth-quarter earnings is pegged at 6 cents. It surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of 18.1%.
Nutrien is scheduled to release fourth-quarter results on Feb.19. The Zacks Consensus Estimate for NTR’s fourth-quarter earnings is pegged at 33 cents.