https://www.avient.com/sites/default/files/2024-08/AVNT Second Quarter Earnings Press Release.pdf
Rose
Vice President, Marketing and Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
7
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Sales $ 849.7 $ 824.4 $ 1,678.7 $ 1,670.1
Operating Income 72.5 62.3 166.5 119.4
Net income from continuing operations attributable to Avient
shareholders 33.6 22.1 83.0 42.9
Diluted earnings per share from continuing operations attributable to
Avient shareholders $ 0.36 $ 0.24 $ 0.90 $ 0.47
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
Three Months Ended
June 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 33.6 $ 0.36 $ 22.1 $ 0.24
Special items, after-tax (Attachment 3) 21.8 0.24 19.6 0.21
Amortization expense, after-tax 14.8 0.16 16.2 0.18
Adjusted net income / EPS $ 70.2 $ 0.76 $ 57.9 $ 0.63
Six Months Ended
June 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 83.0 $ 0.90 $ 42.9 $ 0.47
Special items, after-tax (Attachment 3) 27.3 0.30 41.9 0.46
Amortization expense, after-tax 29.7 0.32 31.3 0.34
Adjusted net income / EPS $ 140.0 $ 1.52 $ 116.1 $ 1.27
8
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Sales $ 849.7 $ 824.4 $ 1,678.7 $ 1,670.1
Cost of sales 592.1 583.7 1,142.9 1,181.8
Gross margin 257.6 240.7 535.8 488.3
Selling and administrative expense 185.1 178.4 369.3 368.9
Operating income 72.5 62.3 166.5 119.4
Interest expense, net (26.6) (29.4) (53.2) (58.2)
Other (expense) income, net (0.9) (0.2) (1.8) 0.5
Income from continuing operations before income taxes 45.0 32.7 111.5 61.7
Income tax expense (11.2) (10.4) (28.0) (18.1)
Net income from continuing operations 33.8 22.3 83.5 43.6
Loss from discontinued operations, net of income taxes — — — (0.9)
Net income $ 33.8 $ 22.3 $ 83.5 $ 42.7
Net income attributable to noncontrolling interests (0.2) (0.2) (0.5) (0.7)
Net income attributable to Avient common shareholders $ 33.6 $ 22.1 $ 83.0 $ 42.0
Earnings (loss) per share attributable to Avient common shareholders - Basic:
Continuing operations $ 0.37 $ 0.24 $ 0.91 $ 0.47
Discontinued operations — — — (0.01)
Total $ 0.37 $ 0.24 $ 0.91 $ 0.46
Earnings (loss) per share attributable to Avient common shareholders - Diluted:
Continuing operations $ 0.36 $ 0.24 $ 0.90 $ 0.47
Discontinued operations — — — (0.01)
Total $ 0.36 $ 0.24 $ 0.90 $ 0.46
Cash dividends declared per share of common stock $ 0.2575 $ 0.2475 $ 0.5150 $ 0.4950
Weighted-average shares used to compute earnings per common share:
Basic 91.3 91.1 91.3 91.1
Diluted 92.2 91.9 92.0 91.9
9
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1)
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Cost of sales:
Restructuring costs, including accelerated depreciation $ 0.2 $ (1.2) $ 3.8 $ (7.8)
Environmental remediation costs (21.8) (13.0) (25.8) (14.4)
Impact on cost of sales (21.6) (14.2) (22.0) (22.2)
Selling and administrative expense:
Restructuring and employee separation costs (2.8) (0.5) (3.5) (11.9)
Legal and other (2.3) (6.4) (5.8) (10.6)
Acquisition related costs (0.5) (0.7) (2.1) (4.2)
Impact on selling and administrative expense (5.6) (7.6) (11.4) (26.7)
Impact on operating income (27.2) (21.8) (33.4) (48.9)
Interest expense, net - financing costs (1.0) — (1.0) —
Other income (loss) 0.1 0.1 0.1 (0.1)
Impact on income from continuing operations before income taxes (28.1) (21.7) (34.3) (49.0)
Income tax benefit on above special items 7.0 5.5 8.4 12.4
Tax adjustments(2) (0.7) (3.4) (1.4) (5.3)
Impact of special items on net income from continuing operations $ (21.8) $ (19.6) $ (27.3) $ (41.9)
Diluted earnings per common share impact $ (0.24) $ (0.21) $ (0.30) $ (0.46)
Weighted average shares used to compute adjusted earnings per share:
Diluted 92.2 91.9 92.0 91.9
(1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt
extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel
reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-
market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs,
fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the
divestiture of operating businesses, gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where
such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-
recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Sales:
Color, Additives and Inks $ 542.0 $ 524.5 $ 1,057.3 $ 1,061.5
Specialty Engineered Materials 308.1 300.8 622.5 610.5
Corporate (0.4) (0.9) (1.1) (1.9)
Sales $ 849.7 $ 824.4 $ 1,678.7 $ 1,670.1
Gross margin:
Color, Additives and Inks $ 184.5 $ 164.1 $ 355.7 $ 326.1
Specialty Engineered Materials 94.7 91.5 201.7 185.4
Corporate (21.6) (14.9) (21.6) (23.2)
Gross margin $ 257.6 $ 240.7 $ 535.8 $ 488.3
Selling and administrative expense:
Color, Additives and Inks $ 98.4 $ 96.1 $ 194.8 $ 192.5
Specialty Engineered Materials 51.9 51.8 105.5 102.6
Corporate 34.8 30.5 69.0 73.8
Selling and administrative expense $ 185.1 $ 178.4 $ 369.3 $ 368.9
Operating income:
Color, Additives and Inks $ 86.1 $ 68.0 $ 160.9 $ 133.6
Specialty Engineered Materials 42.8 39.7 96.2 82.8
Corporate (56.4) (45.4) (90.6) (97.0)
Operating income $ 72.5 $ 62.3 $ 166.5 $ 119.4
Depreciation & amortization:
Color, Additives and Inks $ 21.8 $ 25.7 $ 43.7 $ 51.5
Specialty Engineered Materials 20.8 19.9 40.4 41.1
Corporate 2.3 2.0 5.1 5.5
Depreciation & amortization $ 44.9 $ 47.6 $ 89.2 $ 98.1
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 107.9 $ 93.7 $ 204.6 $ 185.1
Specialty Engineered Materials 63.6 59.6 136.6 123.9
Corporate (54.1) (43.4) (85.5) (91.5)
Other (expense) income, net (0.9) (0.2) (1.8) 0.5
EBITDA from continuing operations $ 116.5 $ 109.7 $ 253.9 $ 218.0
Special items, before tax 28.1 21.7 34.3 49.0
Interest expense included in special items (1.0) — (1.0) —
Depreciation & amortization included in special items (0.3) (0.1) (0.8) (1.9)
Adjusted EBITDA $ 143.3 $ 131.3 $ 286.4 $ 265.1
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/2022-07/Mevopur Standard Colors Product Bulletin-CN.pdf
母粒和预着色料可用于多种聚合物,包括PE,
PP,PEBA,PC,ABS等。
™
在三个通过ISO 13485认证的医疗产线生产
全球统一的配方,提供全球一致性和供应链
保障
提供文件化的变更控制
原料指纹图谱和常规批次测试
多种标准颜色缩短产品开发时间
产品组合里符合标准的颜色用于:
- 注射针头ISO 6009
- 眼科容器盖(美国眼科学院 / AAO -
American Academy of Ophthalmology)
颜色 潘通色参照 PE 基料 PP 基料 透明PP 基料 PEBA 基料 PC 基料 ABS 基料*
— PE0M176031 PP0M176045 ** AH0M415001 NC0M176058 ** SB0M665206
102C PE1M176076 PP1M176060 PP1M176062 AH1M415002 NC1M176058 NC1M176059 SB1M664958
158C PE2M176044 PP2M176046 ** ** NC2M176044 NC2M664912 SB2M664939
199C PE3M176131 PP3M176111 PP3M176113 AH3M415002 NC3M176116 NC3M176122 SB3M665037
196C PE3M176130 PP3M176109 ** AH3M415001 NC3M176117 NC3M665052 SB3M665039
2593C PE4M176023 PP4M176036 PP4M176039 AH4M415001 NC4M176038 NC4M176044 SB4M664978
292C PE5M176155 PP5M176169 ** AH5M415003 NC5M176142 ** SB5M665402
285C PE5M176154 PP5M176171 PP5M176175 AH5M415002 NC5M176143 NC5M176146 SB5M665404
288C PE5M176153 PP5M176173 ** ** NC5M176144 ** SB5M665406
346C PE6M176128 PP6M176111 ** ** NC6M176118 ** SB6M665070
3145C PE6M176126 PP6M176115 ** ** NC6M176119 ** SB6M665068
348C PE6M176127 PP6M176113 PP6M176118 AH6M415001 NC6M176120 NC6M176121 SB6M665072
425C PE7M176066 PP7M176091 PP7M176094 ** NC7M176124 ** SB7M665297
Cool Gray 5C PE7M176067 PP7M176089 ** AH7M415001 NC7M176125 NC7M665175 SB7M665295
7502C PE8M176048 PP8M176058 ** ** NC8M176058 ** SB8M664871
463C/731C PE8M176049 PP8M176060 ** ** NC8M176059 ** SB8M664869
Black C PL9M176008 PP9M176017 ** ** NC9M176008 NC9M176009 SB9M664896
颜色可能与显示的实际颜色有所不同。
https://www.avient.com/sites/default/files/2021-11/artisan-ar7300-pre-colored-formulation-processing-guide.pdf
Artisan™ AR7300
PRE-COLORED FORMULATIONS
PROCESSING GUIDE
Artisan™ Pre-Colored Thermoplastics
Artisan™ AR7300 pre-colored thermoplastics are customized ABS formulations to help manufacturers achieve
brilliant and high-gloss metallic effect, excellent chemical resistance, and scratch resistance.
BASE RESIN ABS
Drying Temperature 80–90°C
Drying Time 2–3 Hours
Barrel Temperatures °C
Rear Zone 180–210
Center Zone 190–220
Front Zone 200–230
Nozzle 210–240
Mold Temperature 50–80
Screw Speed Moderate
Back Pressure 3–10 bar
Cushion 5–15 mm
Injection Speed Low to medium
Injection Pressure Moderate to high
Holding Pressure 10–30% of injection pressure
Screw Type General purpose
Screw L/D 20:1
Screw Compression Ratio 2.0:1–2.5:1
Non-return Check Valve Free flow check ring
Nozzle Type Reverse taper
Barrel Capacity 30–80% of barrel should be used
STARTUP & SHUTDOWN RECOMMENDATIONS
Purge Compound
2–3 melt flow PP or purging compound.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the United Arab Emirates.pdf
Seller warrants good and clear title in
goods subject to the sale (“Product”) and that the Product conforms at the
time of shipment to a Certificate of Analysis, a Certificate of Compliance,
or a Product Specification Sheet, if any such document exists, and other
specifications signed by Seller (“Specifications”).
Buyer
acknowledges that information in Seller’s marketing materials, technical
data sheets and other descriptive publications distributed or published on
its websites may vary from time to time without notice.
Buyer acknowledges that Seller has furnished to
Buyer Safety Data Sheets, which include warnings together with safety and
health information concerning the Product and/or the containers for such
Product.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Slovakia.pdf
Seller warrants good and
clear title in goods subject to the sale (“Product”) and that
the Product conforms at the time of shipment to a
Certificate of Analysis, a Certificate of Compliance, or a
Product Specification Sheet, if any such document exists,
and other specifications signed by Seller
(“Specifications”).
Buyer
acknowledges that information in Seller’s marketing
materials, technical data sheets and other descriptive
publications distributed or published on its websites may
vary from time to time without notice.
Buyer acknowledges that Seller
has furnished to Buyer Safety Data Sheets, which include
warnings together with safety and health information
concerning the Product and/or the containers for such
Product.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Pakistan.pdf
Seller warrants good and clear title in
goods subject to the sale (“Product”) and that the Product conforms
at the time of shipment to a Certificate of Analysis, a Certificate of
Compliance, or a Product Specification Sheet, if any such document
exists, and other specifications signed by Seller (“Specifications”).
Buyer acknowledges that information in Seller’s
marketing materials, technical data sheets and other descriptive
publications distributed or published on its websites may vary from
time to time without notice.
Buyer acknowledges that Seller has furnished to Buyer
Safety Data Sheets, which include warnings together with safety
and health information concerning the Product and/or the containers
for such Product.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Argentina %28English and Spanish Translation%29.pdf
Seller warrants good and clear
title in goods subject to the sale (“Product”) and that the
Product conforms at the time of shipment to a Certificate of
Analysis, a Certificate of Compliance, or a Product
Specification Sheet, if any such document exists, and other
specifications signed by Seller (“Specifications”).
Salvo que se haya acordado lo
contrario por escrito y firmado por el Vendedor, éste podrá
modificar sus Productos y procesos sin notificación previa al
Comprador y sin necesidad de su aprobación, siempre que las
Especificaciones de los Productos no cambien y el Producto
information in Seller’s marketing materials, technical data
sheets and other descriptive publications distributed or
published on its websites may vary from time to time without
notice.
Buyer
acknowledges that Seller has furnished to Buyer Safety Data
Sheets, which include warnings together with safety and health
information concerning the Product and/or the containers for
such Product.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Spain.pdf
Seller warrants good and
clear title in goods subject to the sale (“Product”) and that
the Product conforms at the time of shipment to a
Certificate of Analysis, a Certificate of Compliance, or a
Product Specification Sheet, if any such document exists,
and other specifications signed by Seller
(“Specifications”).
Buyer
acknowledges that information in Seller’s marketing
materials, technical data sheets and other descriptive
publications distributed or published on its websites may
vary from time to time without notice.
El Vendedor podrá, durante cualquier
período de escasez debido a cualquier causa, prorratear y
asignar el suministro de dichos materiales entre sí para su
propio consumo, sus subsidiarias, empresas afiliadas, sus
pedidos aceptados, clientes con contrato y clientes habituales
furnished to Buyer Safety Data Sheets, which include
warnings together with safety and health information
concerning the Product and/or the containers for such
Product.
https://www.avient.com/resources/safety-data-sheets?page=1518
ABS WHITE
Technical Data Sheets
Safety Data Sheets
https://www.avient.com/resources/safety-data-sheets?page=4706
GREY ABS
Technical Data Sheets
Safety Data Sheets