Avient Q1 Sales Rise 3% to $847M, Adjusted EPS $0.83
Avient delivered 3% first-quarter sales growth to $847 million, including a 5% favorable FX tailwind, and reported GAAP EPS of $0.61 versus a loss of $0.22 last year. Adjusted EPS of $0.83 topped guidance and drove adjusted EBITDA margin up 20 basis points to 17.7%.
1. First Quarter Financial Results
Avient reported first-quarter sales of $847 million, up 3% year-over-year, which included a 5% favorable foreign exchange impact. GAAP earnings per share were $0.61 compared with a loss of $0.22 in the prior year, while adjusted EPS reached $0.83, exceeding the guidance of $0.81.
2. Margin Expansion and Cost Discipline
Adjusted EBITDA margin expanded by 20 basis points to 17.7%, driven by productivity improvements and disciplined cost control measures across the company’s global operations. Management cited targeted efficiency initiatives as key contributors to margin gains.
3. Foreign Exchange and Organic Trends
A 5% tailwind from currency translation boosted reported revenue growth, while organic volumes faced pressure from raw material inflation and broader macroeconomic headwinds. The company emphasized proactive efforts to secure raw material supply and manage cost volatility.
4. Outlook and Guidance
Avient maintained its full-year adjusted EPS guidance range of $2.93 to $3.17 and adjusted EBITDA outlook of $555 million to $585 million. It issued second-quarter adjusted EPS guidance of $0.89, noting increased uncertainty in the second half of the year.