Avient reports Q4 adjusted EPS 52c, consensus 47c

Reports Q4 revenue $719M, consensus $709.97M. “I’m pleased to finish the year with fourth quarter adjusted EPS of $0.52, reflecting an increase of 24% over the prior year,” said Ashish Khandpur, president and CEO, Avient Corporation. “We delivered year-over-year earnings growth, much of which came from margin improvement in Europe and prudent cost control by our teams. Customer destocking was also less impactful during the quarter.”