Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Beat: Avient posted adjusted EPS of $0.96, beating expectations by $0.09, helped mainly by better-than-expected volume growth.

Margins: Adjusted EBITDA margin hit a record 18.3%, up 110 basis points year over year, as revenue growth and productivity actions created leverage.

Guidance: Management raised full-year 2026 guidance for adjusted EBITDA, adjusted EPS and free cash flow, while also lowering capex expectations.

Demand: The company said demand was improving across much of the portfolio, with especially strong growth in Asia, packaging, building and construction, defense and data-center-related applications.

Balance sheet: Avient repaid $50 million of debt in the quarter and now expects net leverage to exit 2026 at 2.2x to 2.4x.

Outlook: Management said Q3 should still benefit from net price gains, while Q4 is less certain because of seasonality, visibility and possible normalization of pricing benefits.

Key Financials
Adjusted EPS
$0.96
Organic sales growth
4.3%
Adjusted EBITDA margin
18.3%
Adjusted EBITDA
$125 million in Color, Additives and Inks; $76 million in Specialty Engineered Materials
Color, Additives and Inks organic sales growth
5%
Color, Additives and Inks adjusted EBITDA margin
21.7%
Specialty Engineered Materials organic sales growth
3%
Specialty Engineered Materials adjusted EBITDA margin
$76 million
Capital expenditures
$120 million to $130 million
Debt reduction
$50 million in Q2
Q3 adjusted EPS
about $0.80
US and Canada organic sales
down 2% year over year
Asia organic sales
up 18% year over year
Packaging end market share
23% of company sales
Data center and electronics opportunity
close to $2 billion directly addressable opportunity
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