Avient Corporation Reports Strong 2024 Financial Results

Avient Corporation ( (AVNT) ) has released its Q4 earnings. Here is a breakdown of the information Avient Corporation presented to its investors.

Avient Corporation, a leader in innovative materials solutions, specializes in colorants, advanced composites, functional additives, and engineered materials, serving a global customer base with a focus on sustainability and high-performance product differentiation.

Avient Corporation has reported a positive financial performance for both the fourth quarter and full year of 2024, with notable increases in sales and earnings. The company achieved a 4% increase in fourth-quarter sales, totaling $747 million, and a 3% growth in full-year sales, reaching $3.24 billion.

Key financial highlights include fourth-quarter GAAP EPS from continuing operations rising to $0.52 from $0.30 in the previous year, and adjusted EPS for the same period coming in at $0.49, surpassing the midpoint of the guidance range. The full-year adjusted EPS grew by 13% over the prior year, attributed to sales growth and margin expansion in its business segments. Additionally, the company successfully delivered a 5% organic sales growth in the fourth quarter across all regions, with notable performances in North America, Asia, and Latin America.

Looking forward, Avient Corporation anticipates continued growth in 2025, projecting a full-year adjusted EPS range of $2.70 to $2.94, representing an 11% growth excluding foreign exchange impacts. Despite macroeconomic uncertainties, the company is optimistic about achieving its strategic goals by leveraging its innovative technologies and focusing on high-growth markets and customer-centric strategies.