Operator
Good day and thank you for standing by. Welcome to the Q1 2021 Avient Corporation Earnings Conference Call. At this time all participants are in a listen-only mode. After the speaker s presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today s conference is being recorded. [Operator Instructions]
I would now like to turn the conference over to our speaker today, Joe Di Salvo, Vice President Treasurer and Investor Relations. Please go ahead.
Joe Di Salvo
Vice President, Treasurer & Investor Relations
Thank you, Juan and good morning and welcome to our first quarter 2021 earnings call. Before beginning, we d like to remind you that statements made during this webcast may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements will give current expectations or forecasts of future events and are not guarantees of future performance
Avient Announces Record First Quarter 2021 Results; Increases Full Year Guidance Organic revenues increased 17% to $1.16 billion driven by strong demand across all segments, with the most significant growth in healthcare and consumer end markets GAAP EPS from continuing operations of $0.86 compared to $0.38 in the prior year quarter Adjusted EPS from continuing operations of $0.89 expanded 68% over the prior year of $0.53 with all segments achieving record operating income Full year adjusted EPS guidance for 2021 increased from $2.40 to $2.80 representing 45% growth over the prior year of $1.93.
News provided by
Share this article
Share this article
CLEVELAND, April 30, 2021 /PRNewswire/ Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today reported its first quarter results for 2021. First quarter 2021 GAAP EPS from continuing operations was $0.86 compared to $0.38 in the prior year first quarter. The compan
Avient comes through with big first-quarter financials
Avient Corp.
Avient Corp officials cited strong demand for health care (up 22 percent) and consumer products (up 24 percent) as drivers of organic sales growth in the first quarter of 2021.
Materials supplier Avient Corp. has posted record-setting financial results in the first quarter of 2021.
Sales at Avon Lake, Ohio-based Avient grew 63 percent to $1.16 billion vs. the same quarter in 2020, as profit more than doubled to $79.7 million. I m very pleased to report we achieved the highest level of organic sales growth in the last decade, as the economy recovers from the pandemic lows of the prior year, Chairman, President and CEO Robert Patterson said in an April 30 news release.
Avient Announces Fourth Quarter and Full Year 2020 Results and Provides Guidance for 2021
Fourth Quarter Results
- GAAP EPS from continuing operations of $0.81 compared to $0.08 in the prior year quarter
- Record fourth quarter adjusted EPS of $0.52 increased 73% compared to $0.30 pro forma in the prior year, driven by strong organic revenue growth in all segments, improved operating margins and synergy capture from the Clariant Masterbatch acquisition
- Increased dividend for the 10th consecutive year to $0.85 a share on an annualized basis
Full Year Results
- GAAP EPS from continuing operations of $1.46 compared to $0.97 in the prior year
- Adjusted EPS increased 11% to $1.93 pro forma, on strength in healthcare, packaging and consumer end markets
Avient to Hold Webcast on February 9, 2021 to Review Fourth Quarter 2020 Results and 2021 Outlook
News provided by
Share this article
Share this article
CLEVELAND, Jan. 28, 2021 /PRNewswire/ Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, will be hosting a webcast with a slide presentation as part of its previously announced earnings announcement scheduled for February 9, 2021. We had a very strong finish to the year and demand conditions continue to improve as we begin 2021, said Giuseppe Di Salvo, VP, Treasurer and Investor Relations, Avient Corporation. In addition to communicating fourth quarter and full year 2020 performance, we will use the webcast to update investors and analysts on the Clariant Masterbatch integration and synergy capture, which is ahead of schedule, and introduce growth projections for 2021.