Avient Corp (AVNT, Financial), a leader in material solutions, announced its financial results for the fourth quarter and full year of 2024 on February 13, 2025. The company reported a 4% increase in fourth-quarter sales to $747 million and a 3% rise in full-year sales to $3,240 million. Avient's GAAP earnings per share (EPS) from continuing operations were $0.52 for the fourth quarter and $1.84 for the full year, marking significant improvements from the previous year. The company also provided a positive outlook for 2025, with expected adjusted EPS growth of 11% at the mid-point of its guidance range.
Positive Highlights
- Fourth-quarter sales increased by 4% to $747 million.
- Full-year sales rose by 3% to $3,240 million.
- Fourth-quarter GAAP EPS from continuing operations increased to $0.52 from $0.30 in the prior year.
- Full-year adjusted EPS grew by 13% to $2.66.
- 2025 full-year adjusted EPS is expected to range from $2.70 to $2.94, with an 11% growth at the mid-point.
Negative Highlights
- Foreign exchange had a $0.01 unfavorable impact on fourth-quarter adjusted EPS.
- 2025 projections include a $0.12 unfavorable impact from foreign exchange.
Financial Analyst Perspective
Avient Corp's 2024 financial performance demonstrates robust growth in both sales and earnings, driven by strategic initiatives and market expansion. The company's ability to achieve a 13% increase in adjusted EPS highlights its operational efficiency and effective cost management. The positive outlook for 2025, with an expected 11% growth in adjusted EPS, suggests continued momentum and confidence in its strategic direction. However, foreign exchange impacts remain a concern, potentially affecting profitability.
Market Research Analyst Perspective
Avient Corp's performance in 2024 reflects its strong market position and ability to capitalize on growth opportunities across various regions. The company's focus on high-growth markets and technological innovation positions it well for future expansion. The projected sales growth of 100-200 basis points above GDP indicates a strategic alignment with market trends and customer needs. As Avient continues to leverage its global workforce and technological capabilities, it is well-positioned to maintain its competitive edge in the materials solutions industry.
Frequently Asked Questions
Q: What were Avient's fourth-quarter sales for 2024?
A: Avient's fourth-quarter sales for 2024 were $747 million, a 4% increase from the previous year.
Q: How much did Avient's full-year adjusted EPS grow in 2024?
A: Avient's full-year adjusted EPS grew by 13% to $2.66 in 2024.
Q: What is Avient's adjusted EPS guidance for 2025?
A: Avient expects its 2025 full-year adjusted EPS to range from $2.70 to $2.94, with an 11% growth at the mid-point, excluding foreign exchange impacts.
Read the original press release here.
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