https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Without giving effect to any impacts from the pending acquisition of Dyneema and potential sale
of Avient Distribution, the company provided third quarter adjusted EPS guidance of $0.80, a 14%
increase from the prior year quarter, and maintained its full year adjusted EPS guidance of $3.50.
Avient will be hosting a webcast on Tuesday, July 26, 2022 to discuss second quarter results and
provide more details about the Dyneema acquisition and potential sale of its Distribution
business.
The Company does not provide reconciliations of forward-looking non-GAAP financial measures,
such as outlook for adjusted earnings per share, to the most comparable GAAP financial
measures on a forward-looking basis because the Company is unable to provide a meaningful or
accurate calculation or estimation of reconciling items and the information is not available without
unreasonable effort.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
The company noted net proceeds from the Distribution sale are being used to retire its $600
million 2023 Senior Unsecured Notes and pay down $150 million of its term loan debt as shown
below.
3
More details will be provided on the company's third quarter performance and full year outlook
during its webcast scheduled for 8:00 a.m.
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.
6
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP
financial measures.
The Company does not provide reconciliations of forward-looking non-GAAP financial measures,
such as adjusted EPS, to the most comparable GAAP financial measures on a forward-looking
basis because the Company is unable to provide a meaningful or accurate calculation or
estimation of reconciling items and the information is not available without unreasonable effort.
https://www.avient.com/industries/healthcare/medical-packaging/pharmaceutical-packaging
Masterbatch colorants and special effects to provide shelf appeal and product protection in rigid containers and closures
https://www.avient.com/knowledge-base/article/injection-molding-troubleshooting?rtype[]=1164
Provide air assist.
https://www.avient.com/knowledge-base/article/injection-molding-troubleshooting
Provide air assist.
https://www.avient.com/sites/default/files/2024-10/Avient Announces Third Quarter 2024 Results.pdf
Webcast Details
Avient will provide additional details on its 2024 third quarter results and 2024 full-year outlook
during its webcast scheduled for 8:00 a.m.
The Company does not provide reconciliations of forward-looking non-GAAP financial
measures, such as adjusted EPS and adjusted EBITDA, to the most comparable GAAP
financial measures on a forward-looking basis because the Company is unable to provide a
meaningful or accurate calculation or estimation of reconciling items and the information is not
available without unreasonable effort.
About Avient
Avient Corporation (NYSE: AVNT) provides specialized and sustainable materials solutions that
transform customer challenges into opportunities, bringing new products to life for a better
world.
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations
While providing comparable shielding performance to metal and lead, thermoplastics open up the possibilities for complex designs and weight-out benefits.
Consider our industrial design services to truly open the possibilities of revolutionary design that takes full advantage of thermoplastics.
Materials designed to provide stable and controlled dielectric performance plus ultra-low transmission loss to support 5G networks and applications
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
https://support.apple.com/iphone/repair/service/pricing
Overmolding
Hand tools, smartphone cases and razor handles are examples of products
that benefit from using a combination of soft and hard textures to improve grip,
add tactile sensation or cushion impact.
It is always sound practice to test
your material choices for chemical resistance under actual service conditions to ensure performance.
Some of the information arises from
laboratory work with small-scale equipment which may not provide a reliable indication of performance or
properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
Lead by Women, PRIDE at PolyOne and HYPE are each associate-led ERGs that provide programming, education,
awareness and development opportunities for our global workforce.
Independent Registered Public Accountant Services and Related Fee Arrangements
Report of the Audit Committee
The Audit Committee of
the Board of Directors
CORPORATE GOVERNANCE
Director Independence
Lead Director
Board Leadership Structure
Board’s Oversight of Risk
Code of Ethics, Code of Conduct and Corporate Governance Guidelines
Related Person Transactions
Communication with Board
Board and Committees
Board Attendance
Board Committees
AAudit Committee – Primary Responsibilities and Requirements
NUMBER OF
MEETINGS IN 2019: 8
MEMBERS:
Compensation Committee – Primary Responsibilities and Requirements
NUMBER OF
MEETINGS IN 2019: 5
Governance and Corporate Responsibility Committee – Primary
Responsibilities and Requirements
NUMBER OF
MEETINGS IN 2019: 2
MEMBERS:
Environmental, Health and Safety Committee – Primary Responsibilities and
Requirements
NUMBER OF
MEETINGS IN 2019: 2
Board Refreshment and Diversity
0%
20%
40%
60%
80%
100%
5 or fewer 6 to 10 More than 10
Years of Service
3 of 10 Director nominees
Diversity
NON-EMPLOYEE DIRECTOR COMPENSATION
2019 NON-EMPLOYEE DIRECTOR COMPENSATION
Non-Employee Director Compensation Highlights
Non-Employee Director Retainer and Meeting Fees
Role Annual Cash Retainers
NON-EMPLOYEE DIRECTOR COMPENSATION
2019 Director Compensation Table
Name
Fees Earned or Paid in Cash
Stock Awards
Total
(1)
Fees Earned or Paid in Cash (column (a))
Stock Awards (column (b))
Option Awards Outstanding and Fully-Vested Deferred Shares
Number of Deferred Shares(1)
Beneficial Ownership of Our Common Shares
Number of Shares
Owned(1)
Right to Acquire
Shares
Total Beneficial
Ownership
% of Class(4)
Name and Address
Number of
Common
Shares
%
of Class
Stock Ownership Guidelines for Non-Employee Directors
Delinquent Section 16(a) Reports
COMPENSATION DISCUSSION AND ANALYSIS
Executive Summary
Name Title
How Pay is Tied to Company Performance.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share and Free Cash Flow to the most comparable GAAP financial measures on a forward-looking
basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
Management believes this provides
comparability of the performance of the combined businesses.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.