https://www.avient.com/news/avient-launches-resound-r-recycled-content-portfolios-north-america-and-asia
These TPE grades, formulated for consumer applications, can be used in personal care products, lawn and garden tools, outdoor goods, office supplies, footwear, and houseware durables.
https://www.avient.com/news/colorforward-predicts-2024-trends-more-harmonious-colors-splash-exuberance
In-person interactions have different energy and make brainstorming more powerful.
Maximalism now prevails and is exemplified by surrounding oneself with whatever creates our unique personal space.
Those interested in learning more about ColorForward can do so by visiting our ColorForward 2024 web page.
https://www.avient.com/sites/default/files/2021-01/w9-avient-corporation-july-2020.pdf
I am a U.S. citizen or other U.S. person (defined below); and
4.
Sign
Here
Signature of
U.S. person Date
General Instructions
Section references are to the Internal Revenue Code unless otherwise
noted.
Form 1099-INT (interest earned or paid)
• Form 1099-DIV (dividends, including those from stocks or mutual
funds)
• Form 1099-MISC (various types of income, prizes, awards, or gross
proceeds)
• Form 1099-B (stock or mutual fund sales and certain other
transactions by brokers)
• Form 1099-S (proceeds from real estate transactions)
• Form 1099-K (merchant card and third party network transactions)
• Form 1098 (home mortgage interest), 1098-E (student loan interest),
1098-T (tuition)
• Form 1099-C (canceled debt)
• Form 1099-A (acquisition or abandonment of secured property)
Use Form W-9 only if you are a U.S. person (including a resident
alien), to provide your correct TIN.
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.
Conference
call participants in the question and answer session should pre-register using the link at
avient.com/investors, or here, to receive the dial-in numbers and a personal PIN, which are
required to access the conference call.
Three Months Ended September 30,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
(Loss) income from continuing operations before income
taxes $ (29.0) $ 82.0 $ 53.0 $ 35.4 $ 19.9 $ 55.3
Income tax expense - GAAP 1.2 — 1.2 (2.0) — (2.0)
Income tax impact of special items (Attachment 3) — (20.5) (20.5) — (4.6) (4.6)
Tax adjustments (Attachment 3) — 6.8 6.8 — (3.6) (3.6)
Income tax (expense) benefit $ 1.2 $ (13.7) $ (12.5) $ (2.0) $ (8.2) $ (10.2)
Effective Tax Rate(1) 4.1 % 23.7 % 5.7 % 18.4 %
(1) Rates may not recalculate from figures presented herein due to rounding
14
Nine Months Ended September 30,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
Income from continuing operations before income taxes $141.2 $ 89.6 $ 230.8 $176.1 $ 36.5 $ 212.6
Income tax expense - GAAP (41.5) — (41.5) (32.1) — (32.1)
Income tax impact of special items (Attachment 3) — (22.5) (22.5) — (8.9) (8.9)
Tax adjustments (Attachment 3) — 10.8 10.8 — (1.6) (1.6)
Income tax (expense) benefit $ (41.5) $ (11.7) $ (53.2) $ (32.1) $ (10.5) $ (42.6)
Effective Tax Rate(1) 29.4 % 23.1 % 18.2 % 20.0 %
(1) Rates may not recalculate from figures presented herein due to rounding
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2022 2021
Net (loss) income from continuing operations – GAAP $ (27.8) $ 33.4 $ 99.7 $ 144.0
Income tax (benefit) expense (1.2) 2.0 41.5 32.1
Interest expense 37.3 19.0 70.4 57.8
Depreciation and amortization from continuing operations 39.8 36.6 113.7 107.1
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
Special items, before tax 82.0 19.9 89.6 36.5
Interest expense included in special items (10.0) — (10.0) —
Depreciation and amortization included in special items (0.8) (0.9) (4.0) (0.1)
Adjusted EBITDA $ 119.3 $ 110.0 $ 400.9 $ 377.4
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
Personal Values
Integrity.
Working capital as a percentage of sales was
10.9%, the lowest in company history.
Interest rate exposure — Interest on our Revolving Credit Facility and senior secured term loan is based upon a
Prime rate or LIBOR, plus a margin.
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
Interest expense, net
Interest expense, net increased $2.0 million in 2018 compared to 2017 due to the impact of increased interest rates
associated with our variable rate debt.
The weighted average
annual interest rate under the senior secured term loan for the year ended December 31, 2018 and 2017 was 3.80%
and 3.27%, respectively.
Interest rate exposure — Interest on our revolving credit facility and senior secured term loan is based upon a Prime
rate or LIBOR, plus a margin.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
These valuations reflect assumptions about financial markets and
interest rates.
There
would be no material impact on our interest expense or cash flows from either a 10% increase or
decrease in market rates of interest on our outstanding variable rate debt as of December 31, 2013.
The floating rate income fund strategy is to invest primarily in a diversified portfolio of first
and second lien high-yield senior floating rate loans and other floating rate debt securities.
https://www.avient.com/resource-center?document_type=221&document_subtype=0&industry=0&product_family=0&product_name=0&op=FILTER RESULTS&form_id=resource_filter_form&page=3
Featuring a controlled laser transmission rate and weld width that delivers strength and a smooth surface finish increases part design freedom, and allows for various colors of formulations.
https://www.avient.com/resource-center?document_subtype=0&document_type=221&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=3
Featuring a controlled laser transmission rate and weld width that delivers strength and a smooth surface finish increases part design freedom, and allows for various colors of formulations.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
The interest rate associated with the term loan is 300 basis points plus the greater of (i) the 1-, 2-, 3- or
6-month LIBOR, at the Company’s discretion, or (ii) 75 basis points.
Interest rate exposure — Interest on our revolving credit facility is based upon a Prime rate or LIBOR,
plus a margin.
The interest rate associated with the term loan is 300 basis points plus the greater of (i) the 1-, 2-, 3- or
6-month LIBOR, at the Company’s discretion, or (ii) 75 basis points.