Avient Corporation (AVNT) Tops Q4 EPS by 4c, Beats on Revenue; Offers FY24 EPS Guidance

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Go back to Avient Corporation (AVNT) Tops Q4 EPS by 4c, Beats on Revenue; Offers FY24 EPS Guidance

Avient Announces Fourth Quarter and Full Year 2023 Results

February 14, 2024 6:15 AM EST

Fourth quarter and full year GAAP EPS of $0.30 and $0.83 compared to $(0.19) and $0.90 from continuing operations in the prior year Fourth quarter and full year adjusted EPS of $0.52 and $2.36 exceeds guidance of $0.47 and $2.30 as a result of favorable sales as well as lower net interest expenseFourth quarter adjusted EPS increased 24% over the prior year pro forma adjusted EPS primarily driven by improved margins from positive portfolio mix, raw material deflation and cost reduction... More