Avient beats Q2 estimates, raises full-year guidance

Avient surpassed Q2 expectations and lifted full-year guidance, citing organic sales growth and wider margins. Adjusted EPS came in at $0.96, beating the $0.89 consensus. Revenue hit $917 million, up 5.8% year over year, with 4.3% organic growth. Full-year EPS guidance rose to $3.10-$3.25. GAAP EPS was $0.70, and adjusted EBITDA margin expanded to 18.3%. The company repaid $50 million in debt and plans $100-$150 million more this year.