Recap: Avient Q4 Earnings

Shares of Avient AVNT fell 0.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 52.94% over the past year to $0.52, which beat the estimate of $0.45.

Revenue of $997,000,000 rose by 51.38% from the same period last year, which beat the estimate of $922,930,000.

Looking Ahead

Avient said it sees FY21 adjusted EPS of $1.93-$2.40.

Conference Call Details

Date: Feb 09, 2021

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ko4y5g9z

Price Action

Company's 52-week high was at $46.38

Company's 52-week low was at $23.22

Price action over last quarter: Up 36.35%

Company Overview

Avient Corp, formerly PolyOne, manufactures and sells a variety of chemical- and plastic-based products to designers and processors of plastics. The firm is organized into three segments; Specialty Engineered Materials, Distribution, and Color, Additives, and Inks. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, and ink segment and the distribution segment together generate a vast majority of revenue, and more than half of the total revenue is earned in the United States.