https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
AVNT-2022.03.31-News Release
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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.”
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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/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
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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
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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/knowledge-base/article/polymer-services-frequency-asked-questions
Co-extrusion film and wire & cable
https://www.avient.com/investor-center/news/avient-expects-double-digit-sales-growth-5g-applications
Fiber-Line Swellcoat™ Water Blocking Yarns, Strength Members, and Ripcord Yarns for complete cable construction, protecting 5G optical fibers from damage while reducing installation and splicing times.
https://www.avient.com/news/avient-design-and-georgia-tech-students-team-innovate-polystrand-composites
Students were tasked with developing a variety of products, from bike accessories and camping equipment to protective braces and training gear.
https://www.avient.com/products/long-fiber-technology/complet-maximum-toughness
Markets include Tools & Hardware (handles, battery enclosures), Sports & Fitness (protective guards, athletic equipment components), Transportation (automotive structural brackets), Recreational Vehicles (seating components) and Industrial (material handling structures).
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-colorants-and-formulations
Learn how Mevopur™ Healthcare Functional Additives help protect and enhance the performance of polymers used in healthcare applications (Chinese language version)