Avient sees Q1 adjusted EPS 68c, consensus 59c

“In the first quarter, we expect demand to continue to improve in our two largest end markets, packaging and consumer, as destocking comes to an end and our sustainable solutions portfolio expands. In addition, demand for Dyneema(R) in defense applications is expected to be strong. Conversely, we continue to see destocking in healthcare and telecommunications as customers reduce inventory levels, and we expect weak demand in transportation and building & construction due to higher interest rates,” said Jamie Beggs, senior VP and CFO, Avient Corporation. “Accordingly, we expect first quarter adjusted EPS of $0.68, up 8% from $0.63 in 2023.”