Business acquisitions, net of cash acquired The tables below reconcile pre-special income tax expense and the pre-special effective tax rate to their most comparable US GAAP figures. 3) Adjusted EBITDA does not include the pro forma impact of acquired businesses for the year ended December 31, 2016.

This transaction was a natural next step in our portfolio evolution and further focuses us on our core business of material science formulation. Approximately 10% of our employees are represented by labor unions under collective bargaining agreements. The European Union has adopted REACH, a legislative act to cover Registration, Evaluation, Authorization and Restriction of Chemicals.

Approximately 5% of our employees are represented by labor unions under collective bargaining agreements. The European Union has adopted REACH, a legislative act to cover Registration, Evaluation, Authorization and Restriction of Chemicals. We cannot guarantee that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under our revolving credit facilities in an amount sufficient to enable us to pay our indebtedness or to fund our other liquidity needs.

The company cited strong performance from its North American businesses, which is helping to offset early first quarter impacts of the COVID-19 virus in China.  With this in mind, we have activated business continuity measures in all regions to ensure we're utilizing our global footprint and resources to continue to serve our customers.  They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.

Sometimes, Avient has confidential information that customers, vendors and other business associates have entrusted to us. Avient’s business is contingent on our customers’ and the public’s continuing trust and confidence in us. A Shared Commitment Conducting business with integrity takes the commitment of all of us at Avient, working together as a team.

With Avient, I have found a leader aligned with our sustainability values to take us to the next level and truly globalize the business. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include our ability to identify and evaluate acquisition targets and consummate acquisitions; the ability to successfully integrate acquired businesses into our operations, such as Magna Colours, retain the management teams of acquired businesses, and retain relationships with customers of acquired businesses; our ability to achieve the strategic and other objectives relating to the acquisition of Clariant's Masterbatch business, including any expected synergies; 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; 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 achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals; information systems failures and cyberattacks; and 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.

Less than 2% of our employees are represented by labor unions under collective bargaining agreements. We cannot assure you, however, that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under the revolving credit facility in an amount sufficient to enable us to pay our indebtedness or to fund our other liquidity needs. La Porte, Texas (4) 8.

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They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward‐looking statements. In certain cases throughout this presentation, we have presented GAAP and non‐GAAP financial measures adjusted to reflect full‐ year 2012 Pro forma results, including Spartech and Glasforms. • PolyOne’s chief operating decision makers use these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources. Senior management uses adjusted operating income, adjusted EPS, and working capital to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and that current levels may serve as a base for future performance.

Approximately 2% of our employees are represented by labor unions under collective bargaining agreements. La Porte, Indiana 31. La Porte, Texas 10.