https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Press Release%5B43%5D.pdf
Patterson, Chairman, President, and Chief Executive Officer, Avient Corporation.
Sales of our specialty materials into defense, energy, and transportation end markets have shown resilience during these challenging times.”
Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Sales: Color, Additives and Inks $ 524.5 $ 649.1 $ 1,061.5 $ 1,298.6 Specialty Engineered Materials 300.8 242.3 610.5 485.4 Corporate (0.9) (0.4) (1.9) (0.8) Sales $ 824.4 $ 891.0 $ 1,670.1 $ 1,783.2 Gross margin: Color, Additives and Inks $ 164.1 $ 193.4 $ 326.1 $ 385.5 Specialty Engineered Materials 91.5 66.0 185.4 134.4 Corporate (14.9) 1.5 (23.2) (4.6) Gross margin $ 240.7 $ 260.9 $ 488.3 $ 515.3 Selling and administrative expense: Color, Additives and Inks $ 96.1 $ 99.8 $ 192.5 $ 197.4 Specialty Engineered Materials 51.8 30.8 102.6 60.9 Corporate 30.5 30.2 73.8 54.7 Selling and administrative expense $ 178.4 $ 160.8 $ 368.9 $ 313.0 Operating income: Color, Additives and Inks $ 68.0 $ 93.6 $ 133.6 $ 188.1 Specialty Engineered Materials 39.7 35.2 82.8 73.5 Corporate (45.4) (28.7) (97.0) (59.3) Operating income $ 62.3 $ 100.1 $ 119.4 $ 202.3 Depreciation & amortization: Color, Additives and Inks $ 25.7 $ 25.8 $ 51.5 $ 51.9 Specialty Engineered Materials 19.9 7.6 41.1 15.5 Corporate 2.0 3.1 5.5 6.9 Depreciation & Amortization $ 47.6 $ 36.5 $ 98.1 $ 74.3 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 93.7 $ 119.4 $ 185.1 $ 240.0 Specialty Engineered Materials 59.6 42.8 123.9 89.0 Corporate (43.4) (25.6) (91.5) (52.4) Other income (expense), net (0.2) 1.6 0.5 1.0 EBITDA including special items $ 109.7 $ 138.2 $ 218.0 $ 277.6 Total Company special items in EBITDA 21.6 (0.2) 47.1 4.4 Total Company, EBITDA adjusted $ 131.3 $ 138.0 $ 265.1 $ 282.0 13 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.
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Engineered Polymer Services Knowledge Base
Engineered Polymer Services
Browse our collection of technical services, guides, articles, and unique resources for engineered polymers that provide you with the information and tools to make informed decisions and maximize your success globally.
https://www.avient.com/engineered-polymer-services-knowledge-base?page=1
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Engineered Polymer Services Knowledge Base
Engineered Polymer Services
Browse our collection of technical services, guides, articles, and unique resources for engineered polymers that provide you with the information and tools to make informed decisions and maximize your success globally.
https://www.avient.com/engineered-polymer-services-knowledge-base?page=2
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Engineered Polymer Services Knowledge Base
Engineered Polymer Services
Browse our collection of technical services, guides, articles, and unique resources for engineered polymers that provide you with the information and tools to make informed decisions and maximize your success globally.
https://www.avient.com/engineered-polymer-services-knowledge-base
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Engineered Polymer Services Knowledge Base
Engineered Polymer Services
Browse our collection of technical services, guides, articles, and unique resources for engineered polymers that provide you with the information and tools to make informed decisions and maximize your success globally.
https://www.avient.com/sites/default/files/2023-09/65799-Certificate-26SEP2023%5B1%5D.pdf
ISO 9001:2015 The Quality Management System is applicable to: Certificate No: 65799 Certification Date: 01 October 2020 Effective Date: 25 September 2023 Expiration Date: 30 September 2026 Revision Date: 26 September 2023 Dominic Townsend, President DESIGN AND MANUFACTURE OF COLOUR AND ADDITIVE CONCENTRATES, THERMOPLASTIC RESINS AND SPECIALTY COMPOUNDS This certificate may be found on the ABS QE Website (www.abs-qe.com).
Facility: Avient (Argentina) SA Av.
All rights reserved. 65799Certificate No: Facility: PolyOne Polymers India Private Limited Shed No 18–22, GIDC Estate Panchamahal Kalol, Gujarat 389330 India Facility: P.T.
https://www.avient.com/industries/healthcare/catheter-materials-medical-tubing
Catheter Materials & Medical Tubing
Manufacturing these versatile, highly engineered products requires high-performing, flexible, polymeric, and biocompatible materials that must be tailored to meet physical properties, sterilization, coloration, and other performance goals.
With Avient materials, you can create compliant devices that doctors and patients prefer.
https://www.avient.com/company/sustainability/sustainability-report/products/markets/automotive-case-study
Avient’s transportation portfolio includes sustainable technologies that offer lightweight structural alternatives to metals, while delivering comparable or improved performance; reduce volatile organic compound (VOC) emissions to improve interior air quality; specialty colors & effects enable paint replacement technologies.
We work closely with design engineers to help them meet their sustainability goals, including fuel-efficient combustion vehicles and next generation electric vehicles.
Case Study: Automotive OEM Lowers Carbon Footprint With Avient
https://www.avient.com/investor-center/events/polyone-corporation-celebrates-10-years-trading-nysechairman-president-and-ceo-stephen-d-newlin-rings-opening-bell
Q2 Avient Corporation Earnings Conference Call More
Q1 Avient Corporation Earnings Conference Call More
Q4 Avient Corporation Earnings Conference Call More
https://www.avient.com/news/new-details-specialty-sustainable-technologies-and-services-avient-featured-k-2022
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New Details on Specialty, Sustainable Technologies and Services from Avient Featured at K 2022
At K 2016, Avient exhibited under its former name, PolyOne.
Avient Corporation (NYSE: AVNT) provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.