https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
AVNT-2022.03.31-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces First Quarter 2022 Results in Connection with
Announcement to Acquire DSM Protective Materials (Dyneema®)
• First quarter sales grew to $1.3 billion, an 11% increase over the prior year
• GAAP EPS increased to $0.91 from $0.86 in the prior year first quarter
• Adjusted EPS increased 11% to $0.99 compared to $0.89 in the prior year first quarter,
exceeding first quarter guidance of $0.95
• Second quarter adjusted EPS guidance of $0.92 introduced with full year adjusted EPS
expectation maintained at $3.50 (excluding the impact of the acquisition)
• Full year free cash flow now expected to approximate $285 million, an increase of $35
million from prior estimates
CLEVELAND – April 20, 2022 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable material solutions, today announced its first quarter 2022 results.
Sales increased 11% to $1.3 billion in the first quarter and
adjusted EPS grew 11% to $0.99 over the prior year first quarter.
Three Months Ended
March 31,
2022 2021
Sales:
Color, Additives and Inks $ 649.5 $ 609.3
Specialty Engineered Materials 244.7 216.5
Distribution 432.9 362.7
Corporate and eliminations (33.3) (26.2)
Sales $ 1,293.8 $ 1,162.3
Gross margin:
Color, Additives and Inks $ 192.1 $ 197.5
Specialty Engineered Materials 69.8 64.7
Distribution 39.3 39.3
Corporate and eliminations (7.5) 0.9
Gross margin $ 293.7 $ 302.4
Selling and administrative expense:
Color, Additives and Inks $ 97.6 $ 108.7
Specialty Engineered Materials 30.1 30.5
Distribution 15.1 15.3
Corporate and eliminations 22.3 27.5
Selling and administrative expense $ 165.1 $ 182.0
Operating income:
Color, Additives and Inks $ 94.5 $ 88.8
Specialty Engineered Materials 39.7 34.2
Distribution 24.2 24.0
Corporate and eliminations (29.8) (26.6)
Operating income $ 128.6 $ 120.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 120.5 $ 116.2
Specialty Engineered Materials 47.5 42.0
Distribution 24.4 24.2
Corporate and eliminations (26.0) (24.9)
Other income, net (0.6) 1.5
EBITDA $ 165.8 $ 159.0
11
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2024-10/ECCOH_ LSFOH 5983 Formulation - Power Cable Jacket - Application Snapshot.pdf
CABLE
MANUFACTURER
J A C K E T F O R P O W E R C A B L E
• High tear resistance > 11 N/mm
• High environmental stress cracking resistance (ESCR)
• Cost efficient solution
• Hot pressure resistance above 80°C
• Provided a jacket solution that complies with
LTS1 requirements as per the BS 7655-6.1
standard
• Enabled use in over-armored cables operating
at a maximum conductor temperature of 90°C
• Supported our customer in optimizing the
processing of the new material
ECCOH LSFOH 5983 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=5813
S-RED 1074
S-GRAY 9011
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=5901
GREY PP
RED PP
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=5809
S-RED 1002
S-RED 1006
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/2021-12/Chemically Resistant Materials Whitepaper.pdf
The PK blends included unfilled, high impact (HI), and FR
grades.
MATERIAL BRIEF DESCRIPTION
FR PC/ABS Flame retardant, chemical resistance, high ESCR
FR PC/PET Flame retardant, impact modified, chemical resistant
FR PC/PBT Skin-contact biocompatible, flame retardant, high chemical resistance
FR Copolyester Flame retardant, chemical resistant, may incorporate agency-rated materials
to meet USP Class VI or ISO 10993 requirements
Trilliant™ HC8910 Unfilled PK blend, BPA-free, high chemical resistance, may incorporate
agency-rated materials to meet USP Class VI or ISO 10993 requirements
Trilliant™ HC8920 FR Non-halogenated flame retardant PK blend, BPA-free, high chemical resistance, may
incorporate agency rated materials to meet USP Class VI or ISO 10993 requirements
Edgetek™ ET8900 CR Unfilled PK blend, high chemical resistance
Edgetek™ ET8900 HI CR High impact PK blend, high chemical resistance
Edgetek™ ET8920 FR CR Non-halogenated flame retardant PK blend, high chemical resistance
Table 2.
Images of A) Trilliant HC8900 series,
B) FR PC alloys, and C) FR copolyester tensile bars in the strain apparatus following a
72-hour treatment with Virex® TB.
https://www.avient.com/resources/safety-data-sheets?page=5814
S-RED 1098
S-BLUE 4076
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/2022-02/Bergamid - Hair Clippers - Application Snapshot.pdf
E L E C T R I C H A I R C L I P P E R S
HAIRSTYLING APPLIANCE
MANUFACTURER
• Regulatory – UL rated flame retardancy
• High stiffness and impact resistance
• Excellent surface appearance
• Colorability/color matching – specific black color
• Provided color matching expertise to match
glass fiber reinforced formulation to specific
customer requirement
• Enabled customer to diversify into a new
market with a new design of hair clipper for
consumers
• Developed material quickly - three months
from brief to production
Bergamid™ A700 glass reinforced flame
retardant formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/bergamid-fr-non-halogen-flame-retardant-formulations
Hairstyling appliance manufacturer
https://www.avient.com/sites/default/files/2023-11/Stat-Tech TPE - Cash Machine Tray - Case Study Snapshot.pdf
avient
ATM/ CASH
MACHINE
T R A Y S T R U C T U R E
• Excellent stiffness & rigidity
• Anti-static, frictional note speed
• Excellent dimensional stability
• Flame resistance
• Service life durability
• Provided a solution with permanent
antistatic properties
• Excellent wear and friction resistance,
enhancing durability
• Additional performance characteristics of
flame resistance and low COF
Stat-Tech™ PC custom formulations
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
ESD WITH EXCELLENT STIFFNESS & FR
LEARN MORE
Copyright © 2023, Avient Corporation.
https://www.avient.com/resources/safety-data-sheets?page=5067
SILCOPAS DOE 2-3 BLK
SILCOPAS DOE 2-5 BLK
PP FR 8-6 LMS-1000