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Avient's Q1 Adjusted Earnings Rise, Sales Decline; Lifts Low-End of 2024 Adjusted EPS Guidance
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Avient's Q1 Adjusted Earnings Rise, Sales Decline; Lifts Low-End of 2024 Adjusted EPS Guidance
May 7, 2024 5:59 AM

08:26 AM EDT, 05/07/2024 (MT Newswires) -- Avient ( AVNT ) reported Q1 adjusted earnings Tuesday of $0.76 per diluted share, up from $0.63 a year earlier.

Analysts surveyed by Capital IQ expected $0.68.

Sales for the quarter ended March 31 was $829 million, down from $845.7 million a year earlier.

Analysts polled by Capital IQ expected $814.2 million.

The company said it now expects 2024 adjusted EPS of $2.50 to $2.65, compared with $2.40 to $2.65 previously. Analysts surveyed by Capital IQ are expecting $2.54.

Price: 44.75, Change: +0.30, Percent Change: +0.67

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