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Avient Expects Double Digit Sales Growth in 5G Applications

Avient Expects Double Digit Sales Growth in 5G Applications
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Materials supplier Avient saw sales more than double

Materials supplier Avient saw sales more than double
plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.

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Avient Launches GLS™ Thermoplastic Elastomers With Antimicrobial Technology That Protects Against Microbial Growth

May 10, 2021
CLEVELANDâ May 10, 2021 â Avient today announced the addition of three proprietary, thermoplastic elastomer (TPE) formulations that contain antimicrobial additives to its GLSâ¢ TPE portfolio. Tested in accordance with JIS Z2801 and ASTM G21-15 standards, these additives protect molded plastic parts by inhibiting bacterial growth (99.9 percent or more) and resisting fungal and mold growth.
In addition to potentially causing odor issues, these microrganisms can cause detrimental aesthetic and mechanical property changes to a finished plastic part. High-touch surfaces and applications are especially vulnerable. In response, Avient developed GLS TPEs with antimicrobial additives, available as Versaflexâ¢ and OnFlexâ¢ grades. Potential applications include consumer electronics, personal care item grips, and automotive applications such as cup holder mats and HVAC seals. ....

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Avient comes through with big first-quarter financials

Avient comes through with big first-quarter financials
Frank Esposito
Avient Corp.
Avient Corp officials cited strong demand for health care (up 22 percent) and consumer products (up 24 percent) as drivers of organic sales growth in the first quarter of 2021.
AVON LAKE, Ohio Materials supplier Avient Corp. has posted record-setting financial results in the first quarter of 2021.
Sales at Avon Lake, Ohio-based Avient grew 63 percent to $1.16 billion vs. the same quarter in 2020, as profit more than doubled to $79.7 million.
I m very pleased to report we achieved the highest level of organic sales growth in the last decade, as the economy recovers from the pandemic lows of the prior year, Robert Patterson, chairman, president and CEO, said in an April 30 news release. ....

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Avient Announces Record First Quarter 2021 Results; Increases Full Year Guidance

Avient Announces Record First Quarter 2021 Results; Increases Full Year Guidance
Organic revenues increased 17% to $1.16 billion driven by strong demand across all segments, with the most significant growth in healthcare and consumer end markets
GAAP EPS from continuing operations of $0.86 compared to $0.38 in the prior year quarter
Adjusted EPS from continuing operations of $0.89 expanded 68% over the prior year of $0.53 with all segments achieving record operating income
Full year adjusted EPS guidance for 2021 increased from $2.40 to $2.80 representing 45% growth over the prior year of $1.93.
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CLEVELAND, April 30, 2021 /PRNewswire/ Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today reported its first quarter results for 2021. First quarter 2021 GAAP EPS from continuing operations was $0.86 compared to $0.38 in the prior year ....

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