Avient Corp

NYSE:AVNT   2:41:09 PM EDT
+0.87 (+2.61%)
Other Pre-Announcement

Avient Updates Q3 And Full Year 2022 Forecast

Published: 09/27/2022 11:55 GMT
Avient Corp (AVNT) - Avient Updates Third Quarter and Full Year 2022 Forecast.
Avient Corp - Adjusted EPS Guidance Reduced $0.30 for Full Year 2022 to Reflect Weaker Demand Conditions and Unfavorable Foreign Exchange.
Avient Corp - Not Seen a Recovery in Asia From Covid-19 Lockdowns in First Half of Year.
Avient Corp - War in Ukraine and Related Energy Supply Concerns Have Further Eroded Consumer Sentiment and Demand in Europe.
Avient Corp - in Near Term, We Believe Current Global Demand is Likely Further Weakened by Customer Inventory Destocking.
Avient - Updated 2022 Projections to Include Dyneema, Present Distribution Segment As Discontinued Operations, Adjust Outlook to Reflect Current Demand Conditions.