https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Press Release%5B43%5D.pdf
Compared to our prior adjusted EPS expectations, raw material deflation as well as improving mix from composites and sustainable solutions positively impacted the quarter and more than offset weaker demand conditions.” 2 “Sequentially, we’ve seen modest improvement in Asia, but demand across other regions remains sluggish, particularly in Europe, as consumers remain cautious with continued inflation and rising interest rates,” Mr.
Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Sales: Color, Additives and Inks $ 524.5 $ 649.1 $ 1,061.5 $ 1,298.6 Specialty Engineered Materials 300.8 242.3 610.5 485.4 Corporate (0.9) (0.4) (1.9) (0.8) Sales $ 824.4 $ 891.0 $ 1,670.1 $ 1,783.2 Gross margin: Color, Additives and Inks $ 164.1 $ 193.4 $ 326.1 $ 385.5 Specialty Engineered Materials 91.5 66.0 185.4 134.4 Corporate (14.9) 1.5 (23.2) (4.6) Gross margin $ 240.7 $ 260.9 $ 488.3 $ 515.3 Selling and administrative expense: Color, Additives and Inks $ 96.1 $ 99.8 $ 192.5 $ 197.4 Specialty Engineered Materials 51.8 30.8 102.6 60.9 Corporate 30.5 30.2 73.8 54.7 Selling and administrative expense $ 178.4 $ 160.8 $ 368.9 $ 313.0 Operating income: Color, Additives and Inks $ 68.0 $ 93.6 $ 133.6 $ 188.1 Specialty Engineered Materials 39.7 35.2 82.8 73.5 Corporate (45.4) (28.7) (97.0) (59.3) Operating income $ 62.3 $ 100.1 $ 119.4 $ 202.3 Depreciation & amortization: Color, Additives and Inks $ 25.7 $ 25.8 $ 51.5 $ 51.9 Specialty Engineered Materials 19.9 7.6 41.1 15.5 Corporate 2.0 3.1 5.5 6.9 Depreciation & Amortization $ 47.6 $ 36.5 $ 98.1 $ 74.3 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 93.7 $ 119.4 $ 185.1 $ 240.0 Specialty Engineered Materials 59.6 42.8 123.9 89.0 Corporate (43.4) (25.6) (91.5) (52.4) Other income (expense), net (0.2) 1.6 0.5 1.0 EBITDA including special items $ 109.7 $ 138.2 $ 218.0 $ 277.6 Total Company special items in EBITDA 21.6 (0.2) 47.1 4.4 Total Company, EBITDA adjusted $ 131.3 $ 138.0 $ 265.1 $ 282.0 13 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/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
AVNT-2024.03.31-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces First Quarter 2024 Results • First quarter GAAP EPS from continuing operations of $0.54 compared to $0.23 in the prior year quarter • First quarter adjusted EPS of $0.76 exceeded guidance of $0.68 primarily as a result of better-than-expected customer demand from defense applications and lower raw material costs • First quarter adjusted EPS increased 21% over the prior year driven by improved margins from lower raw material costs and favorable mix, and lower net interest expense • Revised 2024 full-year adjusted EPS guidance range to $2.50 to $2.65, from prior guidance of $2.40 to $2.65 given strong first quarter results; Revised full-year guidance range reflects 6% to 12% growth in adjusted EPS over the prior year CLEVELAND – May 7, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, today announced its first quarter results for 2024.
Three Months Ended March 31, 2024 2023 Sales: Color, Additives and Inks $ 515.3 $ 537.0 Specialty Engineered Materials 314.4 309.7 Corporate (0.7) (1.0) Sales $ 829.0 $ 845.7 Gross margin: Color, Additives and Inks $ 171.2 $ 162.0 Specialty Engineered Materials 107.0 93.9 Corporate — (8.3) Gross margin $ 278.2 $ 247.6 Selling and administrative expense: Color, Additives and Inks $ 96.4 $ 96.4 Specialty Engineered Materials 53.6 50.8 Corporate 34.2 43.3 Selling and administrative expense $ 184.2 $ 190.5 Operating income: Color, Additives and Inks $ 74.8 $ 65.6 Specialty Engineered Materials 53.4 43.1 Corporate (34.2) (51.6) Operating income $ 94.0 $ 57.1 Depreciation & amortization: Color, Additives and Inks $ 21.9 $ 25.8 Specialty Engineered Materials 19.6 21.2 Corporate 2.8 3.5 Depreciation & amortization $ 44.3 $ 50.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 96.7 $ 91.4 Specialty Engineered Materials 73.0 64.3 Corporate (31.4) (48.1) Other (expense) income, net (0.9) 0.7 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 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/2025-02/31307-Certificate-17JUL2024.pdf
Certificate Avient Corporation A B S Q u al ity E va lu at io n s C er tif ic at io n E Certificate Of Conformance This is to certify that the Quality Management System of: Avient Corporation 33587 Walker Road, Building 428 Avon Lake OH 44012 United States has been assessed by ABS Quality Evaluations, Inc. and found to be in conformance with the requirements set forth by: ISO 9001:2015 The Quality Management System is applicable to: Manufacture of plastic compounds, color and performance additives, engineered thermoplastics, vinyl resins, custom mixed plastic materials, custom and commodity colorants for plastics, polyurethane systems, and plasticizers with design and sampling support at Suwanee, GA, and purchasing, customer service, logistics, quality, design and sampling support at PolyOne Corporate Headquarters at Avon Lake, OH, and distribution of resins Certificate No: 31307 Certification Date: 12 OCT 1995 Effective Date: 11 JUL 2024 Expiration Date 07 OCT 2025 Revision Date: 17 JUL 2024 Dominic Townsend, President Copyright as of the Effective Date, ABS Quality Evaluations, Inc.
Glendale - AZ 85307 United States Avient Corporation - Grace-Hollogne, Belgium Warehousing and Dispatching of raw materials Rue Louis Bleriot 7 4460 Grace-Hollogne Belgium Avient Corporation - Gyor, Hungary Design and Manufacture of Color and Additive Concentrates and Specialty Compounds Mandulafa Sor 3 9027 Gyor Hungary Avient Corporation - Kennesaw, GA Design and manufacture of specialty inks and specialty coatings. , 8155 Cobb Center Drive Kennesaw - GA 30152 United States Avient Corporation - Knowsley, United Kingdom Design and Manufacture of Liquid Colorants and Additives for Plastics, Assembly and Supply of Material Dosing Equipment , Unity Grove Knowsley - Merseyside L349GT United Kingdom Avient Corporation - Kutno, Poland Design and Manufacture of Color and Additive Concentrates and Specialty Compounds ul.
https://www.avient.com/sites/default/files/2023-10/31307-Certificate-20SEP2023.pdf
ISO 9001:2015 The Quality Management System is applicable to: Certificate No: 31307 Certification Date: 12 October 1995 Effective Date: 20 September 2023 Expiration Date: 07 October 2025 Revision Date: 20 September 2023 Dominic Townsend, President MANUFACTURE AND SUPPLY OF PLASTIC COMPOUNDS, COLOR AND PERFORMANCE ADDITIVES, ENGINEERED THERMOPLASTICS, VINYL RESINS, CUSTOM MIXED PLASTIC MATERIALS, CUSTOM AND COMMODITY COLORANTS FOR PLASTICS, POLYURETHANE SYSTEMS, AND PLASTICIZERS WITH DESIGN AND SAMPLING SUPPORT AT SUWANEE, GA, AND PURCHASING, CUSTOMER SERVICE, LOGISTICS, QUALITY, DESIGN AND SAMPLING SUPPORT AT AVIENT CORPORATE HEADQUARTERS AT AVON LAKE, OH, AND DISTRIBUTION OF RESINS This certificate may be found on the ABS QE Website (www.abs-qe.com).
Activity: Design and manufacture of specialty inks and specialty coatings.
https://www.avient.com/knowledge-base/article/considering-house-plastisol-production?rtype[]=1164
Equipment maintenance: Maintaining plastisol mixing equipment up to industry standards may prove costly, and can require a significant amount of time from production operators.
https://www.avient.com/investor-center/news/avient-provides-sustainable-vibrant-color-technology-fabrics-eco-conscious-consumers
Solution-dyed fibers are created when polymers are mixed with a specialized colorant and additive masterbatch, then melted.
https://www.avient.com/news/polyone-hires-cathy-k-dodd-vice-president-marketing
Dodd will be responsible for developing and executing PolyOne’s marketing strategy and leading all corporate marketing functions to achieve the company’s objectives of profitable sales growth, innovation, specialty mix improvement and value creation.
https://www.avient.com/news/polyone-oncolor-naturals-launched-pcd-paris
Mineral and botanical pigments can be mixed together to adjust color tones, with plant-based pigments enabling vivid color and mineral pigments helping achieve calm and earthy tones.
https://www.avient.com/news/avient-announces-new-cesa-unify-a4r-polyolefin-compatibilizer-fakuma-2023
When added to the recycled mixed polymers, Cesa Unify A4R addresses the common material degradation that occurs during the recycling process.
https://www.avient.com/news/polyone-announces-launch-innovative-specialty-technology-serve-healthcare-industry
Our healthcare solutions portfolio continues to grow, as does our mix in this important industry, where last year company revenues from healthcare reached $413 million, as compared to $103 million in 2006.”