https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_Elastomers_with_Universal_Bonding_Characteristics.pdf
Rheology
The viscosities of both TPE-1 and TPE-2 at different shear rates were measured using a capillary rheometer
at 200oC by a method prescribed in ASTM D3835.
Jiren Gu and Krishna Venkataswamy, “Block Copolymer Compositions for Overmolding any TPE, US
patent filed, March 2004.
3.
Capillary viscosity of TPE-1 and -2 at 200°C
1.E+00
1.E+01
1.E+02
1.E+03
1.0E+01 1.0E+02 1.0E+03 1.0E+04 1.0E+05
Shear rate (1/sec)
V
is
co
si
ty
(P
a*
se
c)
TP E-1A
TP E-1B
TP E-2A
TP E-2B
200C
Figure 4.
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https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Our sustainability report offers a transparent look into where we are focused, how we are leading
and what this ultimately means for our many stakeholders, as well as our planet.”
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include,
but are not limited to: disruptions, uncertainty or volatility in the credit markets that could adversely
impact the availability of credit already arranged and the availability and cost of credit in the future;
the effect on foreign operations of currency fluctuations, tariffs and other political, economic and
regulatory risks, including recessionary conditions; the current and potential future impact of the
COVID-19 pandemic on our business, results of operations, financial position or cash flows;
changes in polymer consumption growth rates and laws and regulations regarding plastics in
jurisdictions where we conduct business; fluctuations in raw material prices, quality and supply,
and in energy prices and supply; production outages or material costs associated with scheduled
or unscheduled maintenance programs; unanticipated developments that could occur with
respect to contingencies such as litigation and environmental matters; an inability to raise or
sustain prices for products or services; our ability to pay regular quarterly cash dividends and the
amounts and timing of any future dividends; information systems failures and cyberattacks;
amounts for cash and non-cash charges related to restructuring plans that may differ from original
estimates, including because of timing changes associated with the underlying actions; any
material adverse changes in the Dyneema Business; our ability to achieve the strategic and other
objectives relating to the Dyneema Acquisition, and the possible sale of the Distribution business
segment; and other factors affecting our business beyond our control, including without limitation,
changes in the general economy, changes in interest rates, changes in the rate of inflation and
any recessionary conditions.
Three Months Ended
June 30,
Six Months Ended
June 30,
Reconciliation to Consolidated Statements of Income 2022 2021 2022 2021
Sales $ 1,302.4 $ 1,235.2 $ 2,596.2 $ 2,397.5
Gross margin - GAAP 303.8 288.7 597.5 591.1
Special items in gross margin (Attachment 3) (2.0) 12.6 3.8 10.4
Adjusted gross margin $ 301.8 $ 301.3 $ 601.3 $ 601.5
Adjusted gross margin as a percent of sales 23.3 % 24.4 % 23.2 % 25.1 %
Operating income - GAAP 129.5 108.1 258.1 228.5
Special items in operating income (Attachment 3) 4.3 14.2 12.1 16.6
Adjusted operating income $ 133.8 $ 122.3 $ 270.2 $ 245.1
Adjusted operating income as a percent of sales 10.3 % 9.9 % 10.4 % 10.2 %
The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US
GAAP figures.