Brief: Avient Updates Q3 And Full Year 2022 Forecast

Avient

27/09/2022 12:48

Sept 27 (Reuters) - Avient Corp  AVNT.N :
    * 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

Source text for Eikon:  ID:nPn1jhqBDa 
Further company coverage:  AVNT.N 
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