Avient sees FY23 adjusted EPS $2.40, consensus $2.37

Beggs continued, "In the first quarter, we expect to experience similar demand conditions as in the fourth quarter of 2022, driven by negative consumer sentiment, rising interest rates and a slow restart of China. We do expect conditions to improve in the second half of the year driven by performance in our key growth drivers, particularly sustainable solutions and composites. Given these factors we anticipate full-year sales of $3.45 billion, adjusted EBITDA of $530 million and adjusted EPS of $2.40."