https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
In Europe and the Americas, customers remain
cautious and are managing inventory levels tightly while China’s re-opening is progressing at a
measured pace,” said Jamie A.
Beggs added, “We are focused on executing our long-term strategy while we manage in the
downturn.
Three Months Ended
March 31,
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Gross margin:
Color, Additives and Inks $ 162.0 $ 192.1
Specialty Engineered Materials 93.9 68.4
Corporate (8.3) (6.1)
Gross margin $ 247.6 $ 254.4
Selling and administrative expense:
Color, Additives and Inks $ 96.4 $ 97.6
Specialty Engineered Materials 50.8 30.1
Corporate 43.3 24.5
Selling and administrative expense $ 190.5 $ 152.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
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/news/avient-extends-bio-based-polyolefin-range-utilizing-benefits-cellulose-fiber
The cellulose grades have good gloss and surface finish, are easy to color and show improved mechanical properties compared to mineral-filled alternatives.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2024-results
Inventories, net
Increase) decrease in inventories
Color, Additives and Inks
https://www.avient.com/news/polyone-announces-record-second-quarter-2015-results
Inventories, net
Decrease in inventories
Global Color, Additives and Inks
https://www.avient.com/idea/three-ways-soft-touch-enhances-consumer-products
Texture, Color, and Special Effects
TPEs are available in a wide array of colors and effects that can amplify their sensory qualities and contribute to brand identity and shelf appeal.
TPEs can be customized with bright colors and effects, such as metallics, sparkles, and pearlescents, and various shine levels, including eye-catching high gloss, which can provide a high-tech or high-fashion aesthetic.
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2025-results
Inventories, net
Increase in inventories
Color, Additives and Inks
https://www.avient.com/news/avient-announces-asia-manufacturing-and-availability-cesa-non-pfas-process-aid
However, environmental concerns about PFAS are growing as studies have indicated many PFAS break down very slowly over time and can persist in water and soil,” said Pal Shi, Asia Marketing Director, Color and Additives at Avient.
https://www.avient.com/news/focusing-sustainable-future-avient-joins-bluesign-system-partner-dope-dyeing-fiber-colorants
Homepage
//
News Center
//
Focusing on a Sustainable Future: Avient Joins as bluesign® SYSTEM PARTNER for Dope-Dyeing Fiber Colorants
Avient Joins bluesign® SYSTEM for Dope-Dyeing Fiber Colorants.
Providing safe and sustainable products that downstream customers want is crucial,” said Say-Eng Lee, vice president and general manager, Color & Additives Asia.
https://www.avient.com/idea/could-polyketone-be-next-generation-nylon-alternative
Can PK be colored and what are the limitations?
Polyketone is naturally a burnt orange color and is known to be more challenging to color.
These can be colored at the press or with pre-color.
https://www.avient.com/news/polyone-announces-strong-third-quarter-2014-results
Inventories, net
Decrease in inventories
Global Color, Additives and Inks