https://www.avient.com/knowledge-base/article/injection-molding-mold-design?rtype[]=1164
Tab or edge gates (Figure 12) most commonly utilize a conventional sprue and cold runner system.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
The company noted that GAAP EPS includes special items (Attachment 3) and intangible
amortization expense (Attachment 1).
2) Tax adjustments include the net tax benefit/(expense) from non-recurring income tax items, adjustments to uncertain tax position reserves and
deferred income tax valuation allowances.
11
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended
December 31,
2022 2021
ASSETS
Current assets:
Cash and cash equivalents $ 641.1 $ 601.2
Accounts receivable, net 440.6 439.9
Inventories, net 372.7 305.8
Current assets held for sale — 360.2
Other current assets 115.3 119.9
Total current assets 1,569.7 1,827.0
Property, net 1,049.2 672.3
Goodwill 1,671.9 1,284.8
Intangible assets, net 1,597.6 925.2
Operating lease assets, net 60.4 58.2
Non-current assets held for sale — 22.0
Other non-current assets 136.2 207.7
Total assets $ 6,085.0 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 2.2 $ 8.6
Accounts payable 454.4 429.5
Current operating lease obligations 17.0 21.1
Current liabilities held for sale — 141.3
Accrued expenses and other current liabilities 395.8 340.2
Total current liabilities 869.4 940.7
Non-current liabilities:
Long-term debt 2,176.7 1,850.3
Pension and other post-retirement benefits 67.2 99.9
Deferred income taxes 342.5 100.6
Non-current operating lease obligations 40.9 37.3
Non-current liabilities held for sale — 13.1
Other non-current liabilities 235.5 164.8
Total non-current liabilities 2,862.8 2,266.0
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 2,334.5 1,774.7
Noncontrolling interest 18.3 15.8
Total equity 2,352.8 1,790.5
Total liabilities and equity $ 6,085.0 $ 4,997.2
12
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2022 2021
Operating activities
Net income $ 703.4 $ 230.6
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of business, net of tax expense (550.1) —
Depreciation and amortization 157.6 144.2
Accelerated depreciation 5.5 1.7
Amortization of inventory step-up 34.4 1.5
Deferred income tax expense (benefit) 0.5 (27.3)
Share-based compensation expense 13.2 11.2
Changes in assets and liabilities, net of the effect of acquisitions:
Decrease (increase) in accounts receivable 32.6 (143.1)
Decrease (increase) in inventories 14.0 (141.0)
Increase in accounts payable 10.7 95.3
Increase (decrease) in pension and other post-retirement benefits 7.1 (10.9)
Taxes paid on gain on divestiture (2.8) —
(Decrease) increase in accrued expenses and other assets and liabilities, net (27.7) 71.6
Net cash provided by operating activities 398.4 233.8
Investing activities
Capital expenditures (105.5) (100.6)
Business acquisitions, net of cash acquired (1,426.1) (47.6)
Settlement of foreign exchange derivatives 93.3 —
Proceeds from divestiture 928.2 —
Other investing activities 6.1 (2.0)
Net cash used by investing activities (504.0) (150.2)
Financing activities
Debt offering proceeds 1,300.0 —
Purchase of common shares for treasury (36.4) (4.2)
Cash dividends paid (86.8) (77.7)
Repayment of long-term debt (956.8) (18.5)
Payments on withholding tax on share awards (4.3) (10.7)
Debt financing costs (49.3) —
Other financing activities — (3.5)
Net cash provided (used) by financing activities 166.4 (114.6)
Effect of exchange rate changes on cash (20.9) (17.3)
Increase (decrease) in cash and cash equivalents 39.9 (48.3)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of year $ 641.1 $ 601.2
13
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and
administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation
costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by
the chief operating decision maker.
https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
The company noted that GAAP EPS includes special items (Attachment 3), which
impacted EPS in both periods.
Three Months Ended
June 30,
Six Months Ended
June 30,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 649.1 $ 624.4 $ 1,298.6 $ 1,233.7
Specialty Engineered Materials 243.9 240.6 488.6 457.1
Distribution 443.2 404.4 876.1 767.1
Corporate and eliminations (33.8) (34.2) (67.1) (60.4)
Sales $ 1,302.4 $ 1,235.2 $ 2,596.2 $ 2,397.5
Gross margin:
Color, Additives and Inks $ 193.4 $ 193.4 $ 385.5 $ 390.9
Specialty Engineered Materials 67.4 69.6 137.2 134.3
Distribution 42.9 40.1 82.2 79.4
Corporate and eliminations 0.1 (14.4) (7.4) (13.5)
Gross margin $ 303.8 $ 288.7 $ 597.5 $ 591.1
Selling and administrative expense:
Color, Additives and Inks $ 99.8 $ 107.1 $ 197.4 $ 215.8
Specialty Engineered Materials 30.8 32.3 60.9 62.8
Distribution 15.8 16.4 30.9 31.7
Corporate and eliminations 27.9 24.8 50.2 52.3
Selling and administrative expense $ 174.3 $ 180.6 $ 339.4 $ 362.6
Operating income:
Color, Additives and Inks $ 93.6 $ 86.3 $ 188.1 $ 175.1
Specialty Engineered Materials 36.6 37.3 76.3 71.5
Distribution 27.1 23.7 51.3 47.7
Corporate and eliminations (27.8) (39.2) (57.6) (65.8)
Operating income $ 129.5 $ 108.1 $ 258.1 $ 228.5
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 119.5 $ 111.6 $ 240.0 $ 227.7
Specialty Engineered Materials 44.3 45.4 91.8 87.4
Distribution 27.3 23.9 51.7 48.1
Corporate and eliminations (25.1) (39.0) (51.1) (63.8)
Other income, net 1.4 1.2 0.8 2.7
EBITDA $ 167.4 $ 143.1 $ 333.2 $ 302.1
12
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and 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.
https://www.avient.com/sites/default/files/2024-10/Avient Announces Third Quarter 2024 Results.pdf
The company noted that third quarter 2024 GAAP EPS
includes $0.07 of special items (see Attachment 3) and $0.16 of intangible amortization
expense (see Attachment 1).
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024 2023 2024 2023
Sales:
Color, Additives and Inks $ 521.5 $ 486.5 $ 1,578.8 $ 1,548.0
Specialty Engineered Materials 294.6 267.9 917.1 878.4
Corporate (0.9) (0.7) (2.0) (2.6)
Sales $ 815.2 $ 753.7 $ 2,493.9 $ 2,423.8
Gross margin:
Color, Additives and Inks $ 172.8 $ 156.8 $ 528.5 $ 482.9
Specialty Engineered Materials 89.0 78.3 290.7 263.7
Corporate (0.4) (39.8) (22.0) (63.0)
Gross margin $ 261.4 $ 195.3 $ 797.2 $ 683.6
Selling and administrative expense:
Color, Additives and Inks $ 97.3 $ 92.3 $ 292.1 $ 284.8
Specialty Engineered Materials 52.6 48.0 158.1 150.6
Corporate 34.3 20.7 103.3 94.5
Selling and administrative expense $ 184.2 $ 161.0 $ 553.5 $ 529.9
Operating income:
Color, Additives and Inks $ 75.5 $ 64.5 $ 236.4 $ 198.1
Specialty Engineered Materials 36.4 30.3 132.6 113.1
Corporate (34.7) (60.5) (125.3) (157.5)
Operating income $ 77.2 $ 34.3 $ 243.7 $ 153.7
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 24.6 $ 65.6 $ 76.1
Specialty Engineered Materials 20.7 20.5 61.1 61.6
Corporate 2.5 1.3 7.6 6.8
Depreciation & amortization $ 45.1 $ 46.4 $ 134.3 $ 144.5
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 97.4 $ 89.1 $ 302.0 $ 274.2
Specialty Engineered Materials 57.1 50.8 193.7 174.7
Corporate (32.2) (59.2) (117.7) (150.7)
Other (expense) income, net (0.3) 1.0 (2.1) 1.5
EBITDA from continuing operations $ 122.0 $ 81.7 $ 375.9 $ 299.7
Special items, before tax 9.7 43.2 44.0 92.2
Interest expense included in special items (1.3) (2.2) (2.3) (2.2)
Depreciation & amortization included in special items (0.4) — (1.2) (1.9)
Adjusted EBITDA $ 130.0 $ 122.7 $ 416.4 $ 387.8
12
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and 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.
https://www.avient.com/sites/default/files/2025-05/Avient Announces First Quarter 2025 Results_0.pdf
The company noted that first quarter 2025 GAAP EPS includes special items of $0.82
primarily related to an impairment associated with ceasing the development of S/4HANA, a
cloud-based ERP system (see attachment 3), and $0.16 of intangible amortization expense
(see attachment 1).
Three Months Ended
March 31,
2025 2024
Sales:
Color, Additives and Inks $ 519.7 $ 515.3
Specialty Engineered Materials 308.4 314.4
Corporate (1.5) (0.7)
Sales $ 826.6 $ 829.0
Gross margin:
Color, Additives and Inks $ 173.1 $ 171.2
Specialty Engineered Materials 97.8 107.0
Corporate (7.7) —
Gross margin $ 263.2 $ 278.2
Selling and administrative expense:
Color, Additives and Inks $ 94.5 $ 96.4
Specialty Engineered Materials 50.7 53.6
Corporate 117.3 34.2
Selling and administrative expense $ 262.5 $ 184.2
Operating income:
Color, Additives and Inks $ 78.6 $ 74.8
Specialty Engineered Materials 47.1 53.4
Corporate (125.0) (34.2)
Operating income $ 0.7 $ 94.0
Depreciation & amortization:
Color, Additives and Inks $ 21.7 $ 21.9
Specialty Engineered Materials 21.5 19.6
Corporate 2.1 2.8
Depreciation & amortization $ 45.3 $ 44.3
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 100.3 $ 96.7
Specialty Engineered Materials 68.6 73.0
Corporate (122.9) (31.4)
Other expense, net (0.4) (0.9)
EBITDA $ 45.6 $ 137.4
Special items, before tax 101.2 6.2
Interest expense included in special items (1.7) —
Depreciation & amortization included in special items (0.4) (0.5)
Adjusted EBITDA $ 144.7 $ 143.1
12
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses operating income before special items to assess performance and allocate resources because senior
management believes that this measure is most useful in understanding current profitability levels and how it may serve as a
basis for future performance.
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-design-guide-.pdf
Snap fits can be designed for almost any
material; the equations from figures 12 and 13
can be used to calculate the correct design.
FIGURE 11 - Non-Structural Hole
Design Guidelines
B
FIGURE 12 - Non-structural hole
FIGURE 13 - Snap Fit Design Guidelines
Y
y=
ε=l2
1.5t1
y=
ε=l2 K
1.5t12
“K” is found
from graph
based on t
.
Note: Once the process has been established, the parts should be tested for dimensional stability over the range of service
termperatures.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Italian.pdf
Il nostro Codice
di condotta
2023
Un messaggio dal CEO 1
La nostra visione e strategia 2
Valori fondamentali e personali 2
Il nostro Codice di condotta
Linee guida per il comportamento etico 4
Valori personali 4
Risolvere questioni e segnalare situazioni di non
conformità 6
Linea di assistenza telefonica sull’etica 6
Non ritorsione 6
Applicazione del Codice di condotta 7
Violazioni del Codice 7
Rispetto per tutti
Diversità e inclusione 9
Discriminazione o molestie 9
Rapporti di lavoro 9
Abuso di sostanze 9
Sicurezza fisica e violenza sul luogo di lavoro 10
Onestà sul lavoro
Informazioni, dati e documenti accurati 12
Integrità contabile 12
Comunicazioni aziendali 14
Tutela e uso dei beni 14
Informazioni proprietarie e riservate, idee
e proprietà intellettuale 14
Privacy, informazioni personali e protezione
dei dati 15
Uso di Internet e delle e-mail 15
Social media e social networking 15
Sicurezza informatica, licenze software
e copyright 16
Insider trading e informazioni privilegiate 16
Contributi/attività per partiti politici e contributi
ad organizzazioni di beneficenza 17
Indagini e inchieste governative 17
Integrità nella nostra attività
Trattamento equo 19
Corruzione e mazzette 19
Agenti e consulenti 20
Concorrenza 20
Omaggi e ospitalità 20
Conflitti di interessi 21
Autonegoziazion 22
Commercio internazionale 22
Responsabilità sociale
dell’azienda
Sostenibilità 24
Sicurezza, salute e ambiente 24
Sicurezza di prodotti e servizi 25
Rispetto dei diritti umani 25
Un impegno condiviso 25
Risorse e informazioni
di contatto 26
1
Un messaggio dal CEO
Gentili Dipendenti Avient,
facendo parte di un’azienda globale in crescita, ci troviamo di fronte a situazioni impegnative e a decisioni complesse.
Siamo responsabili personalmente, nei confronti di noi
stessi e dei nostri soggetti interessati, delle nostre azioni e dei nostri risultati.
12
Informazioni, dati e documenti
accurati
Documenti completi, accurati e affidabili sono essenziali
per prendere valide decisioni e per garantire operazioni
efficaci.
Avete anche la
responsabilità di compilare le note spese in
maniera tempestiva e accurata.
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
This
innovation drives performance and is
reflective of consistent, strategic
investments in technology and people
Clariant Color business
acquired July 1, 2020
10
30
40
14
22
35
19
18
41
Current Additional share needed to reach 2025 target
BRAND OWNERS COMMITTED TO INCREASING
USE OF RECYCLED MATERIALS
14
Brand Owner 1
Brand Owner 3
Brand Owner 2
Brand Owner 7
Brand Owner 4
Brand Owner 10
Brand Owner 6
Brand Owner 11
Brand Owner 5
Brand Owner 8
Brand Owner 9
Brand Owner 12
Brand Owner 13
Percent recycled plastic used:
(examples and not exhaustive)
(1) Latest year reported.
Deliver cumulative annual revenue
growth from sustainable solutions
portfolio of 8-12%
Assess top 90% of supplier spend for alignment
with Avient Sustainability objectives.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2030 SUSTAINABILITY TARGETS
27
Sustainalytics 2021 ESG Risk Ranking
RANK
(1st = lowest risk)
PERCENTILE
(1st – lowest risk)
Chemicals
INDUSTRY
75/449 17th
Specialty Chemicals
SUBINDUSTRY
21/124 17th
AVIENT ESG RATINGS
ISS November 2021 ESG Scores
SCORE
(1 = Best, 10 = Worst)
Environmental 2
Social 1
Governance 4
28
2021 AVIENT INVESTOR DAY
29
• Investor Day to be held December 9, 2021 in New York, NY
• The company will be doing a deep dive into its key long-
term growth drivers with a particular focus on sustainable
solutions
Revenue Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites / 5G 10%
Growth in Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
• Senior leadership team will also provide further details on
the Clariant Color integration, as well as capital allocation
priorities
PEER COMPARISONS
30
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
For 2019, we delivered $1.69 of
adjusted EPS, a 12% increase and the 10th consecutive year of expansion.
Transferability
Section 18(b)( )
Section 10
Section 6
12.
Section 12
Section 17(b) ( )
Section 17(b)( )
Section 11(b) ( )
(d) Section 17(b) ( )
18.
https://www.avient.com/sites/default/files/2020-08/2020-composites-overmolding-overview.pdf
SPORTING GOODS
Boots, bindings,
protective equipment
MARINE
Hull reinforcement,
seats, paddles
50% Long
Glass Fiber
Reinforced
50% Long
Glass Fiber
Reinforced
PP + 0°
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
17K 28K 29K
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
29K 31K
+60.7%
FLEXURAL STRENGTH (ASTM D7264)
IMPACT RESISTANCE (ASTM D3763)
50% Long
Glass Fiber
Reinforced
50% Long
Glass Fiber
Reinforced
PP + 0°
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
E
ne
rg
y
T
ot
al
(
J)
Fo
rc
e
P
ea
k
(k
N
)
18
16
14
12
10
8
6
0
6.0
5.9
4.0
3.0
2.0
1.0
0.0
11.2 15.1 14.6 12.7 16.4
1.2 1.9 2.8 4.0 5.0
+58.3%
+34.8%
50% Long
Glass Fiber
Reinforced
50% Long
Glass Fiber
Reinforced
PP + 0°
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
17K 28K 29K
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
29K 31K
+60.7%
FLEXURAL STRENGTH (ASTM D7264)
IMPACT RESISTANCE (ASTM D3763)
50% Long
Glass Fiber
Reinforced
50% Long
Glass Fiber
Reinforced
PP + 0°
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
E
ne
rg
y
T
ot
al
(
J)
Fo
rc
e
P
ea
k
(k
N
)
18
16
14
12
10
8
6
0
6.0
5.9
4.0
3.0
2.0
1.0
0.0
11.2 15.1 14.6 12.7 16.4
1.2 1.9 2.8 4.0 5.0
+58.3%
+34.8%
Application
design
Modeling &
simulation
Prototyping
& validation
Material
selection
Composite/
resin
compatibility
Custom
formulations
Mold filling analysis
Technical support
Process optimization
PROCESSING
MATERIALS
Material selection is crucial to an
application’s success.