Our performance was supported by strong demand for our Dyneema® fiber technology used in personal protection applications and raw material deflation. Beggs continued, “On a full-year basis, we remain optimistic about demand conditions improving while remaining mindful of a strengthening U.S. dollar, persistent macro inflation and a higher for longer interest rate environment. 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 personal PIN.

The interest and activity for our sustainable solutions used in packaging has never been higher," said This material was developed in response to growing customer demand and is already being utilized in one of the world's largest CPG companies to achieve 100% PCR packaging on multiple personal care product lines.

Personal Values Integrity. These personal values begin with each of us—the judgments and decisions we make as individuals affect the way Avient is viewed in the marketplace and in the communities where we work. We also monitor earnings (defined as net income from continuing operations) before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a supplement to our GAAP measures.

Personal Values Integrity. These personal values begin with each of us—the judgments and decisions we make as individuals affect the way Avient is viewed in the marketplace and in the communities where we work. Avient reflects 2023 adjusted EBITDA guidance of $530M and estimated run-rate CAPEX of $110M.

The Board recognizes that some transactions, arrangements, and relationships present a heightened potential for conflicts of interest (or the perception of conflicts of interest) and, therefore, has adopted a written Related Person Transactions Policy (the “Policy”) governing these transactions. There were no related person transactions in 2021. We provide long-term incentive compensation to our Named Executive Officers to directly tie the interests of these individuals to the interests of our shareholders.

We're extremely proud to share our latest achievements in this year's report, particularly our upgraded ratings by Ecovadis to Gold and by CDP to A-. 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 personal PIN. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: 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; disruptions or inefficiencies in our supply chain, logistics, or operations; changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; fluctuations in raw material prices, quality and supply, and in energy prices and supply; demand for our products and services; 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; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; 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; our ability to achieve strategic objectives and successfully integrate acquisitions, including the implementation of a cloud-based enterprise resource planning system, S/4HANA; and other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts and any recessionary conditions.

Late payments will bear interest at the rate of 1.50% per month of delay. Buyer shall be obliged to accept the Products and pay the rate specified in the order confirmation for the quantity of Products delivered by Seller. Seller shall have the right to terminate an order confirmation with immediate effect if at any time prior to delivery, a person or group of persons who are unrelated to the persons controlling Buyer as of the date of the order confirmation, acquires control, through ownership of voting securities or otherwise, over Buyer.

Late payments will bear interest at the greater of: (i) 1.5% per month or (ii) the maximum amount allowed by law under (a) Money Lenders Ordinance (Cap. 163) or (b) interest rate applicable to judgment debts, such interest to accrue on a daily basis from the date when payment becomes due until the date of actual payment. Buyer shall be obliged to accept the Products and pay the rate specified in the order confirmation for the quantity of Products delivered by Seller. Seller shall have the right to terminate an order confirmation with immediate effect if at any time prior to delivery, a person or group of persons who are unrelated to the persons controlling Buyer as of the date of the order confirmation, acquires control, through ownership of voting securities or otherwise, over Buyer.

Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest