Avient Corp Reports Fourth-Quarter Earnings
AVON LAKE, Ohio - Avient Corp (AVNT) announced fourth-quarter earnings of $48.3 million, surpassing analysts' estimates of 48 cents per share. On an adjusted basis, earnings reached 49 cents per share.
Despite exceeding earnings expectations, Avient's revenue of $746.5 million fell short of the $751.2 million forecast by analysts. The company's annual profit reached $169.5 million, translating to $1.84 per share, while revenue amounted to $3.24 billion.
Avient anticipates full-year earnings within a range of $2.70 to $2.94 per share. Since the start of the year, AVNT shares have risen by 2%, and over the past 12 months, they have gained 11%.