https://www.avient.com/knowledge-base/article/can-polyketone-pk-materials-provide-alternative-polyoxymethylene-pom?ind[]=21506
Download this free study to determine if PK can address POM’s toxicity and sustainability issues without sacrificing performance.
https://www.avient.com/knowledge-base/article/can-polyketone-pk-materials-provide-alternative-polyoxymethylene-pom?sust[]=1165
Download this free study to determine if PK can address POM’s toxicity and sustainability issues without sacrificing performance.
https://www.avient.com/sites/default/files/2025-04/Corporate Governance Guidelines. March 2025 - Final and Approved version.pdf
The Governance and Corporate Responsibility Committee is responsible for
reviewing with the Board additional qualifications for directors, taking into account the
composition and skills of the entire Board.
Conflicts of Interest
Directors are expected to be free of outside interests that conflict with the best interests of
the Company.
Director Responsibilities
The members of the Board serve as representatives for and are accountable to the
Company’s shareholders.
https://www.avient.com/sites/default/files/2023-10/Syncure XLPE 200 Series DBDPE-free Grades Product Bulletin.pdf
PRODUCT BULLETIN
Syncure™ XLPE Cross-linkable Polyethylene Formulations
DBDPE-free solutions for low voltage cable systems
The Syncure™ XLPE 200 Series is comprised of
engineered, moisture cross-linkable solutions
formulated without decabromodiphenyl ethane
(DBDPE).
These DBDPE-free grades satisfy regulatory
and performance demands by using an alternative
flame retardant while maintaining UL 44 compliance
and comparable performance to traditional Syncure
XLPE materials.
KEY CHARACTERISTICS
• DBDPE-free
• Excellent flame performance
• Resistance to heat, oil, creep, and abrasion
• Temperature rating up to 90°C
• High extrusion speeds
• UL 44 compliant
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
We
focused on controlling costs and reducing working capital, generating an additional $90 million of
free cash flow above our previous projections.
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial
measures.
Reconciliation of Pro Forma Net Debt
December 31,
2022
Short-term and current portion of long term debt $ 2.2
Total long-term debt, net 2,176.7
Unamortized discount and debt issuance cost 37.4
Total debt $ 2,216.3
Cash (641.1)
Net taxes due from sale of business 105.0
Adjusted cash $ (536.1)
Net debt $ 1,680.2
16
Free Cash Flow Calculation
December 31,
2022
Cash provided by operating activities 398.4
Capital expenditures (105.5)
Free cash flow $ 292.9
Reconciliation to EBITDA and Adjusted EBITDA
Year Ended
December 31, 2022
Net (loss) income from continuing operations – GAAP $ 83.1
Income tax (benefit) expense (19.3)
Interest expense 119.8
Depreciation and amortization from continuing operations 162.5
EBITDA $ 346.1
Special items, before income tax 194.0
Interest expense included in special items (26.0)
Depreciation and amortization included in special items (5.5)
APM pro forma adjustments - 8 months 2022* 83.1
Adjusted EBITDA $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
https://www.avient.com/investors
https://edge.media-server.com/mmc/p/rgfk7qte/
https://www.avient.com/investors
https://register.vevent.com/register/BIf718eaf1419a4d83a527f0aba7b74d90
https://www.avient.com/investors/events-presentations
4
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP
financial measures.
The non-GAAP financial measures include organic performance (which
excludes the impact of foreign exchange), adjusted EPS, adjusted operating income, adjusted
EBITDA, adjusted EBITDA margins, free cash flow and adjusted free cash flow.
2) Tax adjustments include the net tax impact from non-recurring income tax items and certain adjustments to uncertain tax position reserves
and valuation allowances.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended December 31,
2024 2023
ASSETS
Current assets:
Cash and cash equivalents $ 544.5 $ 545.8
Accounts receivable, net 399.5 399.9
Inventories, net 346.8 347.0
Other current assets 131.3 114.9
Total current assets 1,422.1 1,407.6
Property, net 955.3 1,028.9
Goodwill 1,659.7 1,719.3
Intangible assets, net 1,450.4 1,590.8
Operating lease assets, net 89.1 65.3
Deferred income tax assets 81.3 92.3
Other non-current assets 153.2 64.3
Total assets $ 5,811.1 $ 5,968.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 7.7 $ 9.5
Accounts payable 417.4 432.3
Accrued expenses and other current liabilities 331.0 331.8
Total current liabilities 756.1 773.6
Non-current liabilities:
Long-term debt 2,059.3 2,070.5
Deferred income taxes 260.4 281.6
Other non-current liabilities 405.7 504.8
Total non-current liabilities 2,725.4 2,856.9
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 2,313.8 2,319.2
Noncontrolling interest 15.8 18.8
Total equity 2,329.6 2,338.0
Total liabilities and equity $ 5,811.1 $ 5,968.5
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2024 2023
Operating activities
Net income $ 170.7 $ 76.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 179.7 188.8
Increase in environmental insurance receivable (34.0) —
Deferred income tax benefit (23.8) (61.3)
Share-based compensation expense 15.4 13.2
Changes in assets and liabilities, net of the effect of acquisitions:
(Increase) decrease in accounts receivable (15.2) 38.6
(Increase) decrease in inventories (13.7) 24.3
Increase (decrease) in accounts payable 0.3 (22.2)
Decrease in pension, retirement benefits and deferred compensation (34.3) (8.7)
Taxes paid on gain on sale of business — (104.1)
(Decrease) increase in environmental obligations (11.2) 38.9
Accrued expenses and other assets and liabilities, net 22.9 17.9
Net cash provided by operating activities 256.8 201.6
Investing activities
Capital expenditures (121.9) (119.4)
Net proceeds from divestiture — 7.3
Proceeds from plant closures 3.4 7.6
Other investing activities (2.1) 10.3
Net cash used by investing activities (120.6) (94.2)
Financing activities
Proceeds from long-term borrowings 650.0 —
Payments on long-term borrowings (660.9) (105.8)
Cash dividends paid (94.0) (90.2)
Payments on withholding tax on share awards (6.4) (3.4)
Debt financing costs (9.6) (2.3)
Net cash used by financing activities (120.9) (201.7)
Effect of exchange rate changes on cash (16.6) (1.0)
Decrease in cash and cash equivalents (1.3) (95.3)
Cash and cash equivalents at beginning of year 545.8 641.1
Cash and cash equivalents at end of year $ 544.5 $ 545.8
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not
include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to
segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not
included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/news/polyone-announces-ceo-succession
Patterson joined PolyOne in 2008 as senior vice president and chief financial officer, where he was responsible for global treasury, planning, M&A, accounting, internal audit functions, and investor relations.
Patterson earned his bachelor’s degree in business administration and master’s degree in accounting from the University of Michigan.
https://www.avient.com/knowledge-base/article/developing-your-esg-framework?rtype[]=1164
2) Sustainability Accounting Standards Board (SASB): these standards can be applied to a number of different industries – and can frequently change depending on the most pressing issues, including:
There are industry frameworks that can help with reporting ESG metrics – such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), or the Task Force on Climate-Related Disclosures (TCFD).
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.
You are advised to consult any further disclosures
we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the
Securities and Exchange Commission.
4
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP
financial measures.
The non-GAAP financial measures include: adjusted EPS and free cash flow.
https://www.avient.com/sites/default/files/2024-05/3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
Conflicts of Interest
Directors are expected to be free of outside interests that conflict with the best interests of
the Company.
Director Responsibilities
The members of the Board serve as representatives for and are accountable to the
Company’s shareholders.
Director Responsibilities
The members of the Board serve as representatives for and are accountable to the Company’s shareholders.