Management believes this provides comparability of the performance of the combined businesses. Senior management also uses operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and how it may serve as a basis for future performance. EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses in evaluating operating performance.

The product description, quantity, price and payment terms identified on Seller’s order confirmation and these Terms and Conditions (“Terms”) govern all sales by Seller and are the exclusive terms and conditions of sale, except as modified by a written agreement signed by the parties. Re-Sale and Re-Export; Compliance with Laws. Seller prohibits re- sale of Product unless expressly permitted by Seller in writing.

General Manager, Color Europe, M.A. Cost of Sales Cost of sales as a percentage of sales increased from 83.6% in 2010 to 83.8% in 2011. Cost of sales declined to 83.6% of sales in 2010 as compared to 84.3% in 2009.

Adjusted EPS of $0.52 exceeded the $0.48 projection included in the Company’s performance update provided in December and was driven by better-than-expected sales in the Color, Additives and Inks segment. Management believes this provides comparability of the performance of the combined businesses. 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.

Management believes this provides better comparability of the performance of the combined businesses. 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. Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude.

The Product description, quantity, price and payment terms identified on Seller’s order confirmation and these Terms and Conditions (“Terms”) govern all sales by Seller and are the exclusive terms and conditions of sale, except as modified by a written agreement signed by the parties. Re-Sale and Re-Export; Compliance with Laws. Seller prohibits re-sale of Product unless expressly permitted by Seller in writing.

Sales Sales Sales

Management believes this provides comparability of the performance of the combined businesses. Senior management also uses operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and how it may serve as a basis for future performance. EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses in evaluating operating performance.

The facility also includes development labs and the sales and customer service center for the region. We are extremely proud to commemorate the opening of this exceptional facility with our customers and talented team of associates,” said Vikas Vij, managing director for PolyOne's operations in India. 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 condition, performance and/or sales.

Cost of sales As a percent of sales, cost of sales decreased from 79.8% in 2015 to 78.9% in 2016 primarily due to lower restructuring charges of $20.0 million. As a percent of sales, cost of sales decreased from 81.5% in 2014 to 79.8% in 2015. SCHUERING Vice President, Global Key Account Management JAMES N.