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.
This excludes the impact of EPS accretion from the Dyneema acquisition.” 2 The company is providing its first quarter results in anticipation of discussions with investors, following the signing of an agreement with Royal DSM (“DSM”) to purchase the DSM Protective Materials business (including the Dyneema® brand) (“Dyneema”).
https://www.avient.com/sites/default/files/2022-09/Avient Pro Forma Financial Information.pdf
Pro Forma Financial Information The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and has a pending sale of the Distribution segment.
To provide comparable results, the company references “pro forma” financial metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Luxembourg.pdf
The sale of Products or the providing of samples or developmental material shall not, by implication or otherwise, convey any license under any intellectual property right or rights related thereto, including but not limited to protections on trade secrets, relating to the compositions and/or applications of the Products, sample, or developmental material, as applicable.
In case Buyer is required to disclose the information by virtue of a court order or statutory duty, Buyer shall immediately inform Seller and reasonably cooperate with Seller should it seek to obtain a protective order.
https://www.avient.com/sites/default/files/2020-07/avient-abac-english-200720.pdf
2 Bribery of Government Officials 2 Commercial Bribery 2 Facilitation Payments and Kickbacks 3 Working with Agents, Distributors and Other Third Parties 3 Due Diligence and Approval Process 3 Red Flags 3 Accounting and Record Keeping Requirements 4 Reporting Possible Violations 4 Avient Ethics Hotline 4 Protection from Retaliation 4 Quick Reference: ABAC DOs and DON’Ts 5 1 Our Global Policy on Anti-Bribery and Anti-Corruption Avient strictly prohibits fraud, bribery, and other corrupt business practices in all of our business operations anywhere in the world.
When reporting any concern involving a payment, please include the following information (to the extent you are aware of these details): • The amount and purpose of the payment • The identification and the line of business of the person making the payment • The circumstances under which the payment was made • The identity of any person who knows of the payment Protection from Retaliation Retaliation in any form against an employee who has, in good faith, reported a violation or possible violation of this Policy is strictly prohibited.
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Pro Forma Financial Information The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
To provide comparable results, the company references “pro forma” financial metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Czech Republic.pdf
Data Protection.
In case Buyer is required to disclose the information by virtue of a court order or statutory duty, Buyer shall immediately inform Seller and reasonably cooperate with Seller should it seek to obtain a protective order.
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2023-results
Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
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; changes in 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; our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials; 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; 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.
https://www.avient.com/investor-center/news/avient-announces-third-quarter-2023-results
Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
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; changes in 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; our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials; an inability to raise or sustain prices for products or services; our ability to pay regular quarterly cash dividends, including at the increased rate, 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; 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.
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2024-results
Our performance was supported by strong demand for our Dyneema® fiber technology used in personal protection applications and raw material deflation.
Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
https://www.avient.com/investors/governance/board-directors
Preete also previously served as Monsanto’s President, Global Crop Protection Division from 2009 to 2010 and Vice President, International Commercial Business from 2008 to 2009.