Avient reports Q1 adjusted EPS 76c, consensus 76c

Reports Q1 revenue $826.6M, consensus $828.52M. “Looking ahead to the second quarter, we expect continued volatility in demand as consumers and businesses assess the changing economic landscape,” said Jamie Beggs, senior vice president and CFO, Avient (AVNT) Corporation. “While we anticipate weakness in consumer and transportation end markets, we see opportunities for growth in our largest end market, packaging, as well as strength in our high profit portfolios in defense and healthcare. As such, we expect second quarter adjusted EPS of $0.79, which represents 4% growth over the prior year quarter.”