NYSE$AVNT
Avient Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported an 11% increase in sales and adjusted EPS exceeding guidance.
Avient Corporation announced its first quarter 2022 results, with sales increasing by 11% to $1.3 billion and adjusted EPS growing by 11% to $0.99. The company exceeded its initial estimates for the quarter, driven by sales growth in nearly all end markets, which offset inflation.
- First quarter sales grew to $1.3 billion, an 11% increase over the prior year.
- GAAP EPS increased to $0.91 from $0.86 in the prior year first quarter.
- Adjusted EPS increased 11% to $0.99 compared to $0.89 in the prior year first quarter, exceeding first quarter guidance of $0.95.
- Full year free cash flow now expected to approximate $285 million, an increase of $35 million from prior estimates
Headline financials
Revenue & EPS history
Avient · Revenue · Quarterly
$1.29B
Revenue by segment
Avient · $894M total across 2 segments · Q1 2022
- Color, Additives and Inks$650M+6.6%72.6%
- Specialty Engineered Materials$245M+13.0%27.4%
Forward guidance
The company introduced second quarter adjusted EPS guidance of $0.92 and maintained full year adjusted EPS expectation at $3.50 (excluding the impact of the acquisition). Full year free cash flow is now expected to approximate $285 million.
Tailwinds
- Maintaining full year adjusted EPS guidance of $3.50 on stronger growth projections in the Americas.
- The company delivered first quarter GAAP EPS of $0.91 compared to $0.86 in the prior year quarter.
- Sales increased 11% to $1.3 billion in the first quarter
- Adjusted EPS grew 11% to $0.99 over the prior year first quarter.
- Full year free cash flow now expected to approximate $285 million, an increase of $35 million from prior estimates
Headwinds
- Weaker foreign exchange rates
- Covid-related lockdowns in China
- War in Ukraine
- Impact of special items on net income attributable to Avient Shareholders $(7.2)
- Restructuring costs, including accelerated depreciation and amortization
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.0%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.8%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+12.7%
Q1 2016
Best reaction
-19.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.2% | -6.8% | -10.4% | |
| Q4 2025 | +2.4% | +5.3% | -16.1% | |
| Q3 2025 | -0.1% | -5.3% | -1.9% | |
| Q1 2025 | +4.9% | +8.2% | +6.9% | |
| Q4 2024 | +2.9% | +5.9% | -3.5% | |
| Q3 2024 | -4.9% | -0.7% | +5.6% | |
| Q2 2024 | +6.3% | +9.5% | +13.2% | |
| Q1 2024 | +1.5% | +2.3% | +1.4% | |
| Q4 2023 | +9.5% | +7.8% | +13.4% | |
| Q3 2023 | +8.0% | +3.4% | +12.9% | |
| Q2 2023 | -4.1% | -2.5% | -9.8% | |
| Q1 2023 | -3.0% | +1.6% | +3.4% | |
| Q4 2022 | +8.8% | +11.0% | -1.7% | |
| Q3 2022 | -19.7% | -16.2% | +1.9% | |
| Q2 2022 | -1.0% | -1.2% | +7.9% | |
| Q1 2022 | +11.0% | +8.1% | -2.6% | |
| Q4 2021 | +8.8% | +8.0% | +0.7% | |
| Q3 2021 | +0.7% | +2.8% | +7.3% | |
| Q2 2021 | -2.6% | -5.3% | +7.7% | |
| Q1 2021 | +3.6% | +5.9% | +3.5% | |
| Q4 2020 | -0.5% | +4.5% | +16.4% | |
| Q3 2020 | -3.6% | +1.5% | +15.3% | |
| Q2 2020 | -2.2% | -1.0% | +0.8% | |
| Q1 2020 | +1.8% | +8.9% | +22.6% | |
| Q4 2019 | +5.1% | -2.1% | -28.0% | |
| Q3 2019 | +3.0% | +1.6% | -0.3% | |
| Q2 2019 | +1.0% | +3.8% | -3.9% | |
| Q1 2019 | -7.5% | -8.9% | -15.4% | |
| Q4 2018 | +1.2% | +0.1% | +1.3% | |
| Q3 2018 | -12.5% | -11.6% | -6.2% | |
| Q2 2018 | -2.4% | -1.1% | -3.7% | |
| Q1 2018 | -2.1% | -6.4% | -3.3% | |
| Q4 2017 | -4.9% | -4.5% | -7.2% | |
| Q3 2017 | +7.7% | +6.4% | +8.0% | |
| Q2 2017 | -5.5% | -6.0% | -7.3% | |
| Q1 2017 | +4.9% | +3.5% | +0.9% | |
| Q4 2016 | +3.2% | +4.6% | +3.5% | |
| Q3 2016 | -5.6% | -6.3% | +5.5% | |
| Q2 2016 | -5.5% | -5.1% | -9.3% | |
| Q1 2016 | +12.7% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | +0.1% | — | — | |
| Q2 2015 | -10.6% | — | — | |
| Q1 2015 | +1.8% | — | — | |
| Q4 2014 | -2.2% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | +0.7% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | +6.2% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | +5.4% | — | — | |
| Q1 2013 | +5.1% | — | — | |
| Q4 2012 | -3.5% | — | — | |
| Q3 2012 | +8.1% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q4 2011 | -2.7% | — | — | |
| Q4 2009 | -2.7% | — | — | |
| Q3 2010 | -12.6% | — | — | |
| Q3 2011 | -12.6% | — | — | |
| Q2 2011 | -8.7% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q2 2010 | +0.9% | — | — | |
| Q1 2011 | +0.9% | — | — |
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