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Noticias de AVNT
Eventos de AVNT
Avient Appoints Mike Frank as CEO
Avient announced that its Board of Directors has appointed Mike Frank as President and CEO, effective immediately. Frank, who has served as CEO of UPL Corporation since 2022, succeeds Dr. Ashish Khandpur, who has stepped down from his role and will remain in an advisory capacity through December 31, 2026 to help facilitate a seamless transition. In connection with this appointment, the Board has elected Richard Fearon, Lead Independent Director, as Non-Executive Chairman of the Board.
Avient Declares Quarterly Cash Dividend of 28.25 Cents
The Board of Directors of Avient has declared a quarterly cash dividend of 28.25c per share on the common stock outstanding, representing the sixteenth consecutive annual increase. The 28.25c per share will be paid on January 7, 2027, to stockholders of record on December 11, 2026. On an annualized basis, the dividend will increase from $1.10 to $1.13 per share on the common stock outstanding.
Avient Q2 Revenue $917M Beats Expectations
Reports Q2 revenue $917M, consensus $897.49M. "Our teams delivered another quarter of strong execution, generating organic growth and adjusted EBITDA margin expansion in each of our two business segments. By remaining close to our customers, proactively managing inflation and supply chain disruptions, we delivered profitable growth across the portfolio," said Dr. Ashish Khandpur, Chairman, President and Chief Executive Officer, Avient Corporation.
Company Raises FY26 Adjusted EBITDA Guidance to $575M-$603M
Consensus $3.07. Raises FY26 adjusted EBITDA view to $575M-$603M from $555M-$585M. "Our teams once again demonstrated strong operational discipline to manage a volatile business environment while executing our strategy to drive long-term value creation. Supported by our year-to-date results and visibility into third quarter demand, we are increasing our full-year 2026 adjusted EBITDA guidance to $575 to $603 million and adjusted EPS guidance to $3.10 to $3.25, representing 10% to 15% adjusted EPS growth for the year," said Joe Di Salvo, Senior Vice President and Chief Financial Officer.
Company Maintains FY26 Adjusted EBITDA Guidance of $555M to $585M
Backs FY26 adjusted EBITDA view $555M-$585M. "Our performance expectations for the first half of the year are slightly better-than-expected compared to the beginning of the year. With that said, the outlook for the second half of the year is less certain, so we are maintaining our full year guidance of adjusted EBITDA of $555 to $585 million and adjusted EPS of $2.93 to $3.17," said Beggs.
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