Avient First Quarter 2024 Earnings: EPS: US$0.54 (vs US$0.23 in 1Q 2023)

Avient (NYSE:AVNT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$829.0m (down 2.0% from 1Q 2023).
• Net income: US$49.4m (up 138% from 1Q 2023).
• Profit margin: 6.0% (up from 2.5% in 1Q 2023).
• EPS: US$0.54 (up from US$0.23 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Avient Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

Be aware that Avient is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...

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