Avient Corporation (AVNT), a manufacturer of specialized polymer materials, Tuesday reported net income of $33.6 million or $0.36 per share for the second quarter, higher than $22.1 million or $0.24 per share in the same quarter a year ago. Earnings and revenue were better than the Street estimates. The company also raised its full-year profit outlook.
Excluding one-time items, earnings were $70.2 million or $0.76 per share, that beat the analysts' average estimate of $0.72 per share. Analysts' estimates typically exclude special items.
Operating income grew to $72.5 million from $62.3 million last year.
Sales for the quarter increased to $849.7 million from $824.4 million in the previous year. The consensus estimate was for $841 million.
Looking ahead to the third quarter, Avient expects adjusted EPS to be $0.62. Analysts are looking for earnings of $0.60 per share for the quarter.
For the full year, the company now expects adjusted EPS to be between $2.55 and $2.70, up from the previous guidance range of $2.50 - $2.65. The consensus estimate stands at $2.61 per share.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.