https://www.avient.com/investor-center/news/polyone-hold-second-quarter-2019-conference-call
NYSE: POL) a premier provider of specialized polymer materials, services and solutions, intends to release its second quarter 2019 earnings before the market opens on
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https://www.avient.com/investor-center/news/avient-hold-third-quarter-2022-conference-call
NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its third quarter 2022 earnings before the market opens on
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https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
AVNT-2023.03.31-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces First Quarter 2023 Results • First quarter sales of $846 million in line with guidance • GAAP EPS of $0.23 includes special items primarily related to restructuring costs as detailed in Attachment 3 • Adjusted EPS of $0.63 exceeded guidance of $0.55, driven by better-than-projected margins in both segments • Full year adjusted EBITDA and EPS guidance of $530 million and $2.40, respectively, maintained given present macroeconomic uncertainty • Sustainability Investor Day to be held on September 20th will highlight Avient’s sustainable solutions portfolio and growth opportunities CLEVELAND – May 3, 2023 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable solutions, today announced its first quarter 2023 results.
For more information, visit https://www.avient.com. https://www.avient.com/ 5 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Three Months Ended March 31, Reconciliation to Consolidated Statements of Income 2023 2022 Sales $ 845.7 $ 892.2 Gross margin - GAAP 247.6 254.4 Special items in gross margin (Attachment 3) 8.0 5.8 Adjusted gross margin $ 255.6 $ 260.2 Adjusted gross margin as a percent of sales 30.2 % 29.2 % Operating income - GAAP 57.1 102.2 Special items in operating income (Attachment 3) 27.1 6.8 Adjusted operating income $ 84.2 $ 109.0 Adjusted operating income as a percent of sales 10.0 % 12.2 % Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 Net income from continuing operations – GAAP $ 21.3 $ 64.7 Income tax expense 7.7 20.0 Interest expense, net 28.8 16.9 Depreciation and amortization 50.5 37.6 EBITDA from continuing operations $ 108.3 $ 139.2 Special items, before tax 27.3 6.7 Depreciation and amortization included in special items (1.8) (2.1) Adjusted EBITDA $ 133.8 $ 143.8 Adjusted EBITDA as a % of sales 15.8 % 16.1 % NEWS RELEASE Attachment 1
https://www.avient.com/investor-center/news/avient-announces-commencement-650-million-senior-notes-offering
This news release does not constitute a notice of redemption pursuant to the terms of the 2025 senior notes.
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
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https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
AVNT-2023.09.30-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Third Quarter 2023 Results • GAAP EPS of $0.06 includes special items primarily related to environmental costs and amortization expense. • Adjusted EPS of $0.57 exceeds guidance of $0.56 as a result of favorable margins and reduced interest expense offsetting lower than projected sales. • Fourth quarter and full year adjusted EPS guidance updated to $0.47 and $2.30, respectively; full year free cash flow expectation maintained at $180 million. • Destocking appears to be nearing an end in many end markets; fourth quarter adjusted EPS projected to be 12% higher than prior year.
For more information, visit https://www.avient.com. https://www.avient.com/ 5 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Three Months Ended September 30, Nine Months Ended September 30, Reconciliation to Consolidated Statements of Income 2023 2022 2023 2022 Sales $ 753.7 $ 823.3 $ 2,423.8 $ 2,606.5 Gross margin - GAAP 195.3 195.4 683.6 710.7 Special items in gross margin (Attachment 3) 40.2 31.8 62.4 35.6 Adjusted gross margin $ 235.5 $ 227.2 $ 746.0 $ 746.3 Adjusted gross margin as a percent of sales 31.2 % 27.7 % 30.8 % 28.6 % Operating income - GAAP 34.3 40.6 153.7 242.9 Special items in operating income (Attachment 3) 41.0 40.2 89.9 48.8 Adjusted operating income $ 75.3 $ 80.8 $ 243.6 $ 291.7 Adjusted operating income as a percent of sales 10.0 % 9.8 % 10.1 % 11.2 % Three Months Ended September 30, Nine Months Ended September 30, Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 2023 2022 Net income from continuing operations – GAAP $ 5.1 $ (27.8) $ 48.7 $ 99.7 Income tax (benefit) expense (0.1) (1.2) 18.0 41.5 Interest expense, net 30.3 37.3 88.5 70.4 Depreciation and amortization 46.4 39.8 144.5 113.7 EBITDA from continuing operations $ 81.7 $ 48.1 $ 299.7 $ 325.3 Special items, before tax 43.2 82.0 92.2 89.6 Interest expense included in special items (2.2) (10.0) (2.2) (10.0) Depreciation and amortization included in special items — (0.8) (1.9) (4.0) Adjusted EBITDA $ 122.7 $ 119.3 $ 387.8 $ 400.9 Adjusted EBITDA as a % of sales 16.3 % 14.5 % 16.0 % 15.4 % NEWS RELEASE Attachment 1
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
AVNT-2021.09.30-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Record Third Quarter 2021 Results • Sales increased 32% to $1.2 billion and GAAP EPS from continuing operations increased to $0.57 from $0.02 in the prior year quarter • Adjusted EPS increased 52% to $0.70 driven by record third quarter operating income in all segments • Increased dividend 12% to $0.95, on an annualized basis, representing the eleventh consecutive annual increase • Expected to continue pursuing sustainable solutions acquisitions and resume opportunistic share repurchases with net debt to adjusted EBITDA leverage projected at 2.1x by year end CLEVELAND – October 28, 2021 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today reported its third quarter results for 2021.
For more information, visit www.avient.com. # # # http://www.avient.com/ 4 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Reconciliation of Pro Forma Adjusted Earnings per Share: Nine Months Ended September 30, 2020 Year Ended December 31, 2020 Net income from continuing operations attributable to Avient shareholders $ 57.8 $ 132.0 Special items, after tax 42.0 24.8 Adjusted net income from continuing operations excluding special items 99.8 156.8 Clariant MB pro forma adjustments to net income from continuing operations(2) 20.7 20.7 Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 120.5 $ 177.5 Weighted average diluted shares 90.7 90.6 Pro forma impact to diluted shares from January 2020 equity offering(2) 2.9 1.5 Pro forma weighted average diluted shares 93.6 92.1 Adjusted EPS - excluding special items pro forma for Clariant MB acquisition $ 1.29 $ 1.93 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 15 Nine Months Ended September 30, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share: Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Avient Sales $ 2,245.1 $ — $ 2,245.1 $ 540.5 $ 2,785.6 Operating income $ 124.3 $ 59.1 $ 183.4 $ 45.0 $ 228.4 Interest expense, net (55.3) — (55.3) (18.1) (73.4) Pension settlement gain and mark-to-market adjustment — (6.9) (6.9) — (6.9) Other income, net 12.6 0.3 12.9 — 12.9 Income taxes (22.5) (10.5) (33.0) (6.2) (39.2) Net income attributable to noncontrolling interests (1.3) — (1.3) — (1.3) Net income from continuing operations attributable to Avient shareholders $ 57.8 $ 42.0 $ 99.8 $ 20.7 $ 120.5 Weighted average diluted shares 90.7 Impact to diluted shares from January 2020 equity offering 2.9 Pro forma weighted average diluted shares 93.6 Pro forma adjusted EPS $ 1.29 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 16 Reconciliation of EBITDA by Segment Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Operating income: Color, Additives and Inks $ 66.8 $ 50.5 $ 241.9 $ 123.3 Specialty Engineered Materials 31.7 24.7 103.2 64.0 Distribution 23.8 17.5 71.5 51.5 Corporate and eliminations (43.6) (59.2) (109.4) (114.5) Operating income $ 78.7 $ 33.5 $ 307.2 $ 124.3 Items below OI in Corporate: Other income, net $ 1.4 $ 1.5 $ 4.1 $ 12.6 Depreciation & amortization: Color, Additives and Inks $ 26.6 $ 26.3 $ 79.2 $ 48.0 Specialty Engineered Materials 7.9 7.5 23.8 22.7 Distribution 0.2 0.2 0.6 0.4 Corporate and eliminations 2.1 2.5 4.1 6.2 Depreciation & Amortization $ 36.8 $ 36.5 $ 107.7 $ 77.3 EBITDA: Color, Additives and Inks $ 93.4 $ 76.8 $ 321.1 $ 171.3 Specialty Engineered Materials 39.6 32.2 127.0 86.7 Distribution 24.0 17.7 72.1 51.9 Corporate and eliminations (41.5) (56.7) (105.3) (108.3) EBITDA $ 116.9 $ 71.5 $ 419.0 $ 214.2 EBITDA as a % of Sales: Color, Additives and Inks 15.9 % 15.6 % 17.6 % 17.5 % Specialty Engineered Materials 17.0 % 18.5 % 18.4 % 16.7 % Distribution 5.5 % 6.4 % 6.0 % 6.4 % 17 Reconciliation of Pro Forma EBITDA - Color, Additives and Inks Nine Months Ended September 30, 2020 Sales: Color, Additives and Inks $ 977.1 Clariant MB pro forma adjustments(2) 540.5 Pro forma sales $ 1,517.6 Operating income: Color, Additives and Inks $ 123.3 Clariant MB pro forma adjustments(2) 45.0 Pro forma operating income $ 168.3 Depreciation & amortization: Color, Additives and Inks $ 48.0 Clariant MB pro forma adjustments(2) 30.1 Pro forma depreciation & amortization $ 78.1 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA): Color, Additives and Inks $ 171.3 Clariant MB pro forma adjustments(2) 75.1 Pro forma EBITDA $ 246.4 Pro forma EBITDA as a % of Sales 16.2 % (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition Three Months Ended September 30, Nine Months Ended September 30, Reconciliation to EBITDA and Pro Forma Adjusted EBITDA: 2021 2020 2021 2020 Net income from continuing operations – GAAP $ 52.6 $ 2.6 $ 201.7 $ 59.1 Income tax expense 8.5 2.7 51.8 22.5 Interest expense 19.0 29.7 57.8 55.3 Depreciation and amortization from continuing operations 36.8 36.5 107.7 77.3 EBITDA $ 116.9 $ 71.5 $ 419.0 $ 214.2 Special items, before tax 19.9 50.0 36.5 62.0 Interest expense included in special items — (9.6) — (10.1) Depreciation and amortization included in special items (0.9) (1.3) (0.1) (2.5) Adjusted EBITDA $ 135.9 $ 110.6 $ 455.4 $ 263.6 Clariant MB pro forma adjustments(2) — — — 75.1 Pro forma adjusted EBITDA $ 135.9 $ 110.6 $ 455.4 $ 338.7 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition NEWS RELEASE Attachment 1
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
Microsoft Word - Avient Announces Fourth Quarter and Full Year 2024 Results 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Fourth Quarter and Full Year 2024 Results • Fourth quarter sales increased 4% to $747 million and full year sales increased 3% to $3,240 million • Organic sales, which excludes the impact of foreign exchange, grew 5% and 4% in the fourth quarter and full year, respectively, driven by positive growth in all regions • Fourth quarter and full year GAAP EPS from continuing operations of $0.52 and $1.84 compared to $0.30 and $0.83 in the prior year • Fourth quarter adjusted EPS of $0.49, above mid-point of guidance range of $0.46 to $0.50 and includes a $0.01 unfavorable impact from foreign exchange • 2024 full year adjusted EPS of $2.66 represents an increase of 13% over the prior year, driven by sales growth and margin expansion in both segments • 2025 full year adjusted EPS expected to range from $2.70 to $2.94; the mid-point represents 11% growth when excluding the unfavorable impact of foreign exchange of $0.12 CLEVELAND – February 13, 2025 – Avient Corporation (NYSE: AVNT), an innovator of materials solutions, today announced its fourth quarter and full year results for 2024.
Visit www.avient.com to learn more. 5 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
https://www.avient.com/knowledge-base/article/overmolding-mold-design
In general, the rough surface produced when EDM the cavity will produce a good surface and good release from the mold.
To aid in release, the cavity or core may be coated with a release coating such as PTFE impregnated nickel after it has been given a sand blast or EDM finish.
https://www.avient.com/investor-center/news/polyone-announces-commencement-650-million-senior-notes-offering
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
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https://www.avient.com/investor-center/news/polyone-announces-pricing-650-million-575-senior-notes-due-2025
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
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