Consistent Organic Growth
Avient Corporation reported its fourth consecutive quarter of organic growth, with sales increasing by 2% and adjusted EPS growing by 4%, excluding foreign exchange impacts.
EBITDA Margin Expansion
Adjusted EBITDA margins expanded by 20 basis points to 17.5%, driven by cost management and operational efficiencies.
Strong Regional Performance in Asia and Latin America
Asia reported a 9% increase in organic sales, while Latin America achieved a 17% increase, marking the fourth consecutive quarter of double-digit growth.
Healthcare and Defense Growth
Healthcare showed double-digit growth, and while the defense segment saw a 5% decline due to tough comparisons, it is expected to achieve high single-digit growth for the full year.
Cost Control and Debt Reduction
The company expects $30 million in savings from cost control initiatives and plans to pay down $100 million to $200 million of debt by year-end.