Industry News, Ink Manufacturers News

Avient Announces 3Q 2022 Results

Completed the acquisition of DSM Protective Materials (including Dyneema) on Sept. 1 and the sale of the Distribution business on Nov. 1.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avient Corporation announced its third quarter 2022 results. GAAP earnings per share (EPS) from continuing operations were ($0.30) in the third quarter of 2022 compared to $0.37 in the prior year quarter. “As we announced in our September 27th release, we are experiencing weaker global demand conditions precipitated by the war in Ukraine, recession fears, higher energy costs and inflation,” said Robert M. Patterson, chairman, president and CEO, Avient Corporation. “These fac...

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