Because of the nature of our business, we do not believe that our backlog is a meaningful indicator of the level of our present or future business. These actions will ensure that we continue to invest in our core capabilities and continue to support growth in key markets and product offerings. The amounts involved have been and may continue to be material.

By continuing to focus on our customers, our team achieved these results against a choppy macro environment.” Avient's chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources. In addition, operating income before the effect of special items is a component of Avient's annual incentive plans and is used in debt covenant computations.

The Company highlighted that integration of the Clariant Masterbatch business is continuing to exceed expectations. Patterson said, “As the COVID-19 vaccine brings hope for a recovery from the pandemic, we anticipate our businesses will continue to benefit from new product development requiring sustainable solutions as well as demand for consumer and healthcare applications. In addition, operating income before the effect of special items is a component of Avient annual and long-term employee incentive plans and is used in debt covenant computations.

Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”). Management believes this provides comparability of the performance of the combined businesses. In addition, operating income before the effect of special items is a component of Avient’s annual and long-term employee incentive plans and is used in debt covenant computations.

They use words such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance and/or sales. In addition, operating income before the effect of special items is a component of Avient’s annual and long-term employee incentive plans and is used in debt covenant computations. Management believes this provides comparability of the performance of the combined businesses.

They use words such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance and/or sales  PolyOne’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources. In addition, operating income before special items and adjusted EPS are components of various PolyOne annual and long-term employee incentive plans

Through the Individual Development Plan (IDP) process, associates build their plans in collaboration with their managers utilizing prompts that determine development goals and create action plans. Strategic plans at the facility and business unit level include planned efforts to achieve sustainability and operational goals. In 2023, ongoing remediation work on behalf of Avient continued on schedule, and planning was concluded for future remediation projects.

Through the Individual Development Plan (IDP) process, associates build their plans in collaboration with their managers utilizing prompts that determine development goals and create action plans. Strategic plans at the facility and business unit level include planned efforts to achieve sustainability and operational goals. In 2023, ongoing remediation work on behalf of Avient continued on schedule, and planning was concluded for future remediation projects.

We are thrilled to have John join our leadership team and continue our tradition of operational excellence and continuous improvement in safety, quality, service and operations,” said Robert M. His unique blend of skills and experience – in both executive leadership and continuous improvement in specialty manufacturing – will be a great asset as we identify and deliver innovative ways to add value to our customers.” He spent 12 years at Valspar Corporation with increasing roles of responsibility, including vice president, where he was accountable for the North American segment of its liquid, powder, electrocoat and after market specialty chemical businesses.

Base Salary Annual Incentive Long- Term Consolidated Company Adjusted 60% Consolidated Company Revenue 25% Consolidated Company Working Capital as a Percentage of Sales 15% Corporate Annual Plan Weightings Adjusted Operating Income (Business Unit results) 40% Adjusted Operating Income (consolidated Company results) 20% Business Unit Revenue 25% Business Segment Working Capital as a Percentage of Sales 15% Business Unit Annual Plan Weightings 2018 Corporate Plan (Patterson, Richardson, Garratt, Kunkle) Measure Weighting Threshold Target Maximum Results Payout % 2018 CAI Plan (Crist) Measure Weighting Threshold Target Maximum Results Payout % Long-Term Incentive. Company Contributions to PolyOne Supplemental Retirement Benefit Plan. Company Contributions to Qualified Savings Plan Company Contributions to PolyOne Supplemental Retirement Benefit Plan Tax Gross-Ups Standard Expatriate Benefits Other Benefits Tax Gross-ups.