Avient Announces 4Q, Full Year 2024 Results

Avient Corporation announced its fourth quarter and full year results for 2024. Fourth quarter and full year GAAP earnings per share (EPS) were $0.52 and $1.84, compared to $0.30 and $0.83 in the prior year, respectively.

Fourth quarter sales increased 4% to $747 million and full year sales increased 3% to $3,240 million. Organic sales, which excludes the impact of foreign exchange, grew 5% and 4% in the fourth quarter and full year, respectively, driven by positive growth in all regions.

“Our teams remained focused and delivered 5% organic sales growth in the quarter with a backdrop of U.S. elections, inflation fears, and a changing geopolitical climate,” said Dr. Ashish Khandpur, president and CEO, Avient Corporation. “Organic sales grew in all geographic regions with the U.S. and Canada growing at 6%, EMEA at 1%, Asia at 7% and Latin America at 14%.”

Commenting on full year 2024 results, Dr. Khandpur said, “I’m also very pleased to finish with full year adjusted EPS of $2.66, reflecting a 13% increase over the prior year. We grew organic sales in each of the regions with both our Color, Additives and Inks and Specialty Engineered Materials segments growing at 3% and 6%, respectively, while expanding adjusted EBITDA margins 90 and 110 basis points, respectively, over 2023.

“Our goal was to generate organic sales growth with margin expansion, and we delivered both in 2024,” said Dr. Khandpur. “By continuing to focus on our customers, our team achieved these results against a choppy macro environment.”

“As we shared at our Investor Day in December, we laid out a path to grow organic sales 100 – 200 basis points above GDP with margin expansion by intersecting high growth markets and secular trends with our technologies to create platforms that scale,” said Jamie Beggs, SVP and CFO, Avient Corporation. “As we begin 2025, we are poised to execute our strategy to deliver value for our shareholders by prioritizing our portfolio, amplifying innovation, leveraging digital technologies and harnessing the collective strengths of our more than 9,000 global employees.”

“Despite the near-term uncertainties in the macro environment, we remain focused on what we can control: staying close to our customers and executing our strategy,” Dr. Khandpur added. “Building off our strong performance in 2024, I remain optimistic in our team’s ability to achieve the long-term financial targets we shared at Investor Day last December.”