Nov 4, 6:01 AM ET
Avient reported third-quarter 2026 sales up 10.5% to $891 million and adjusted EPS of $0.86, above its $0.80 guidance and up from $0.70 a year earlier. The company raised its full-year 2026 adjusted EPS guidance to $3.22 to $3.32 from $3.10 to $3.25 and has repaid $100 million of debt year to date. For shareholders, the higher outlook is the main change, while GAAP EPS was $0.46 after special items of $0.23 per share.
- Third-quarter sales rose 10.5% to $891 million, with organic sales growth of 10.6%.
- Adjusted EPS was $0.86 versus $0.70 a year earlier and above $0.80 guidance; GAAP EPS was $0.46 versus $0.36.
- Full-year 2026 adjusted EPS guidance was raised to $3.22 to $3.32 from $3.10 to $3.25, and adjusted EBITDA guidance was narrowed to $593 million to $603 million.
- After quarter end, the company repurchased 281,000 shares for about $10.9 million, its first buyback since 2022.
Read the filing on SEC.gov ↗
Oct 9, 7:10 AM ET
Avient Corporation's board elected Mike Frank, former CEO of UPL Corporation, as President and Chief Executive Officer effective October 7, 2026, succeeding Dr. Ashish K. Khandpur. The company also reaffirmed its third quarter and full year 2026 guidance from August 6, 2026, and said its third quarter closing procedures are ongoing.
- Mike Frank elected President and CEO and a board member effective October 7, 2026; Khandpur stepped down and will serve in an advisory role through December 31, 2026
- Richard H. Fearon, Lead Independent Director, elected Non-Executive Chairman of the Board
- Third quarter and full year 2026 guidance reaffirmed; third quarter 2026 earnings scheduled for November 4, 2026
- Frank's sign-on package includes a $1,600,000 cash payment and RSUs valued at about $5,000,000; his base salary is $1,222,000 per year
Read the filing on SEC.gov ↗
Aug 6, 6:01 AM ET
Avient reported second-quarter 2026 sales of $917 million, up 5.8% from a year earlier, and adjusted EPS of $0.96, up 20% and above its $0.89 guidance. The company raised its full-year 2026 adjusted EPS guidance to $3.10 to $3.25 from $2.93 to $3.17, which it says represents 10% to 15% growth. Higher guidance and stronger earnings are positive for shareholders, though the release does not discuss risks beyond its standard forward-looking statements.
- Q2 2026 sales rose 5.8% to $917 million, including 4.3% organic growth and 1.5% favorable foreign exchange
- Q2 GAAP EPS was $0.70 versus $0.57 a year earlier; adjusted EPS was $0.96 versus $0.80
- Full-year 2026 adjusted EBITDA guidance is $575 million to $603 million, and adjusted EPS guidance is $3.10 to $3.25
- Avient repaid $50 million of debt in Q2 and expects to repay $100 million to $150 million in total during 2026
Read the filing on SEC.gov ↗
May 7, 6:01 AM ET
Avient reported first quarter 2026 sales up 3% to $847 million and GAAP EPS of $0.61, compared with a loss of $0.22 a year earlier. Adjusted EPS of $0.83 beat the $0.81 guidance and rose 9%, and the company kept its full-year adjusted EPS guidance of $2.93 to $3.17. Management expects second-quarter adjusted EPS of $0.89 but says the outlook for the second half of the year is less certain.
- Sales rose 3% to $847 million, including a 5% favorable foreign exchange impact
- Adjusted EPS of $0.83 compared with $0.76 a year earlier and guidance of $0.81
- GAAP EPS of $0.61 compared with a loss of $0.22 in the prior year quarter
- Full-year 2026 adjusted EPS guidance of $2.93 to $3.17 and adjusted EBITDA guidance of $555 to $585 million were unchanged
Read the filing on SEC.gov ↗
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