https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
We then paid down $950 million of debt, providing us a strong balance sheet to navigate through this period of macro-economic uncertainty.” 3 “We have never wavered from our goal of becoming a specialty formulator.
Rose Vice President, Corporate Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com 8 Attachment 1 Avient Corporation Summary of Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5 Operating Income 0.4 50.2 243.3 279.7 Net (loss) income from continuing operations attributable to Avient shareholders (17.0) 11.2 82.8 151.8 Diluted (loss) earnings per share from continuing operations attributable to Avient shareholders $ (0.19) $ 0.12 $ 0.90 $ 1.65 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 December 31, Year Ended December 31, 2022 2021 2022 2021 Sales: Color, Additives and Inks $ 490.8 $ 581.3 $ 2,355.0 $ 2,401.6 Specialty Engineered Materials 300.8 226.3 1,044.4 911.6 Corporate (1.2) (0.5) (2.5) 2.3 Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5 Gross margin: Color, Additives and Inks $ 134.5 $ 164.5 $ 681.3 $ 727.5 Specialty Engineered Materials 82.4 58.3 283.7 250.9 Corporate (44.9) (6.2) (82.3) (34.6) Gross margin $ 172.0 $ 216.6 $ 882.7 $ 943.8 Selling and administrative expense: Color, Additives and Inks $ 90.2 $ 103.3 $ 380.3 $ 424.4 Specialty Engineered Materials 47.2 31.2 143.6 125.4 Corporate 34.2 31.9 115.5 114.3 Selling and administrative expense $ 171.6 $ 166.4 $ 639.4 $ 664.1 Operating income: Color, Additives and Inks $ 44.3 $ 61.2 $ 301.0 $ 303.1 Specialty Engineered Materials 35.2 27.1 140.1 125.5 Corporate (79.1) (38.1) (197.8) (148.9) Operating income $ 0.4 $ 50.2 $ 243.3 $ 279.7 14 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
We are focused on executing what we can influence, which includes staying close to our customers, winning share and new business, proactively working to offset raw material or tariff-related inflation, controlling our costs and strengthening our balance sheet.
Rose Vice President, Corporate Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com 6 Attachment 1 Avient Corporation Reconciliation of Adjusted Net Income and Earnings Per Share (Unaudited) (In millions, except per share data) Senior management uses comparisons of adjusted net income attributable to Avient common shareholders and diluted adjusted earnings per share (EPS) attributable to Avient common shareholders, excluding special items, to assess performance and facilitate comparability of results.
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/2025-07/Avient Announces Second Quarter 2025 Results.pdf
Furthermore, we are well on track to continue strengthening our balance sheet by reducing debt in total by $100 million to $200 million by year-end, having already repaid $50 million in the second quarter," she continued.
Rose Vice President, Corporate Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com 6 Attachment 1 Avient Corporation Reconciliation of Adjusted Net Income and Earnings Per Share (Unaudited) (In millions, except per share data) Senior management uses comparisons of adjusted net income attributable to Avient common shareholders and diluted adjusted earnings per share (EPS) attributable to Avient common shareholders, excluding special items, to assess performance and facilitate comparability of results.
Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Sales: Color, Additives and Inks $ 538.6 $ 542.0 $ 1,058.3 $ 1,057.3 Specialty Engineered Materials 329.7 308.1 638.1 622.5 Corporate (1.8) (0.4) (3.3) (1.1) Sales $ 866.5 $ 849.7 $ 1,693.1 $ 1,678.7 Gross margin: Color, Additives and Inks $ 188.0 $ 184.5 $ 361.1 $ 355.7 Specialty Engineered Materials 93.8 94.7 191.6 201.7 Corporate (3.9) (21.6) (11.6) (21.6) Gross margin $ 277.9 $ 257.6 $ 541.1 $ 535.8 Selling and administrative expense: Color, Additives and Inks $ 97.7 $ 98.4 $ 192.2 $ 194.8 Specialty Engineered Materials 53.6 51.9 104.3 105.5 Corporate 30.5 34.8 147.8 69.0 Selling and administrative expense $ 181.8 $ 185.1 $ 444.3 $ 369.3 Operating income: Color, Additives and Inks $ 90.3 $ 86.1 $ 168.9 $ 160.9 Specialty Engineered Materials 40.2 42.8 87.3 96.2 Corporate (34.4) (56.4) (159.4) (90.6) Operating income $ 96.1 $ 72.5 $ 96.8 $ 166.5 Depreciation & amortization: Color, Additives and Inks $ 22.4 $ 21.8 $ 44.1 $ 43.7 Specialty Engineered Materials 22.4 20.8 43.9 40.4 Corporate 1.8 2.3 3.9 5.1 Depreciation & amortization $ 46.6 $ 44.9 $ 91.9 $ 89.2 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 112.7 $ 107.9 $ 213.0 $ 204.6 Specialty Engineered Materials 62.6 63.6 131.2 136.6 Corporate (32.6) (54.1) (155.5) (85.5) Other expense, net (0.5) (0.9) (0.9) (1.8) EBITDA $ 142.2 $ 116.5 $ 187.8 $ 253.9 Special items, before tax 7.3 28.1 108.5 34.3 Interest expense included in special items (0.3) (1.0) (2.0) (1.0) Depreciation & amortization included in special items (0.3) (0.3) (0.7) (0.8) Adjusted EBITDA $ 148.9 $ 143.3 $ 293.6 $ 286.4 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/industries/packaging/food-packaging/refrigerated-food
UV additives that deliver product protection for UV sensitive dairy products
Corrugated Sheet
Extrusion Sheet & Strap
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
Rose Vice President, Corporate Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com mailto:giuseppe.disalvo@avient.com mailto:kyle.rose@avient.com 5 Attachment 1 Avient Corporation Summary of Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended March 31, 2022 2021 Sales $ 1,293.8 $ 1,162.3 Operating Income 128.6 120.4 Net income attributable to Avient shareholders 84.2 79.3 Basic earnings per share attributable to Avient shareholders $ 0.92 $ 0.87 Diluted earnings per share attributable to Avient shareholders $ 0.91 $ 0.86 Senior management uses comparisons of adjusted net income attributable to Avient shareholders and diluted adjusted earnings per share (EPS) attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income attributable to Avient shareholders $ 84.2 $ 0.91 $ 79.3 $ 0.86 Special items, after tax (Attachment 3) 7.2 0.08 2.6 0.03 Adjusted net income / EPS - excluding special items $ 91.4 $ 0.99 $ 81.9 $ 0.89 6 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended March 31, 2022 2021 Sales $ 1,293.8 $ 1,162.3 Cost of sales 1,000.1 859.9 Gross margin 293.7 302.4 Selling and administrative expense 165.1 182.0 Operating income 128.6 120.4 Interest expense, net (16.9) (19.3) Other (expense) income, net (0.6) 1.5 Income before income taxes 111.1 102.6 Income taxes (26.6) (22.9) Net income 84.5 79.7 Net income attributable to noncontrolling interests (0.3) (0.4) Net income attributable to Avient shareholders $ 84.2 $ 79.3 Earnings per share attributable to Avient common shareholders - Basic $ 0.92 $ 0.87 Earnings per share attributable to Avient common shareholders - Diluted $ 0.91 $ 0.86 Cash dividends declared per share of common stock $ 0.2375 $ 0.2125 Weighted-average shares used to compute earnings per common share: Basic 91.5 91.3 Diluted 92.3 92.2 7 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended March 31, 2022 2021 Cost of sales: Restructuring costs, including accelerated depreciation and amortization $ (4.4) $ (1.8) Environmental remediation costs (2.0) (0.5) Reimbursement of previously incurred environmental costs 0.6 4.5 Impact on cost of sales (5.8) 2.2 Selling and administrative expense: Restructuring, legal and other 0.9 (1.3) Acquisition related costs (2.9) (3.3) Impact on selling and administrative expense (2.0) (4.6) Impact on operating income (7.8) (2.4) Other income, net 0.1 — Impact on income before income taxes (7.7) (2.4) Income tax benefit on above special items 2.0 0.9 Tax adjustments(2) (1.5) (1.1) Impact of special items on net income attributable to Avient Shareholders $ (7.2) $ (2.6) Diluted earnings per common share impact $ (0.08) $ (0.03) Weighted average shares used to compute adjusted earnings per share: Diluted 92.3 92.2 (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 actuarial 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, joint ventures and equity investments; 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. (2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance adjustments. 8 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (In millions) (Unaudited) March 31, 2022 December 31, 2021 ASSETS Current assets: Cash and cash equivalents $ 562.6 $ 601.2 Accounts receivable, net 757.9 642.3 Inventories, net 475.4 461.1 Other current assets 131.0 122.4 Total current assets 1,926.9 1,827.0 Property, net 661.9 676.1 Goodwill 1,283.4 1,286.4 Intangible assets, net 904.1 925.2 Operating lease assets, net 67.1 74.1 Other non-current assets 200.3 208.4 Total assets $ 5,043.7 $ 4,997.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 607.5 $ 8.6 Accounts payable 642.3 553.9 Current operating lease obligations 21.7 24.2 Accrued expenses and other current liabilities 284.8 353.9 Total current liabilities 1,556.3 940.6 Non-current liabilities: Long-term debt 1,250.2 1,850.3 Pension and other post-retirement benefits 98.5 100.0 Deferred income taxes 99.4 100.6 Non-current operating lease obligations 45.9 50.1 Other non-current liabilities 164.1 165.1 Total non-current liabilities 1,658.1 2,266.1 SHAREHOLDERS' EQUITY Avient shareholders’ equity 1,813.2 1,774.7 Noncontrolling interest 16.1 15.8 Total equity 1,829.3 1,790.5 Total liabilities and equity $ 5,043.7 $ 4,997.2 9 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended March 31, 2022 2021 Operating Activities Net income $ 84.5 $ 79.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 35.7 36.6 Accelerated depreciation and amortization 2.1 0.5 Share-based compensation expense 3.2 2.7 Changes in assets and liabilities, net of the effect of acquisitions: Increase in accounts receivable (118.8) (137.6) Increase in inventories (15.1) (35.1) Increase in accounts payable 90.5 67.3 Decrease in pension and other post-retirement benefits (4.0) (7.1) Decrease in accrued expenses and other assets and liabilities, net (59.2) (3.4) Net cash provided by operating activities 18.9 3.6 Investing activities Capital expenditures (13.3) (16.5) Other investing activities — (2.0) Net cash used by investing activities (13.3) (18.5) Financing activities Purchase of common shares for treasury (15.8) (4.2) Cash dividends paid (21.7) (19.5) Repayment of long-term debt (2.4) (2.3) Payments of withholding tax on share awards (3.9) (3.1) Net cash used by financing activities (43.8) (29.1) Effect of exchange rate changes on cash (0.4) (11.0) Decrease in cash and cash equivalents (38.6) (55.0) Cash and cash equivalents at beginning of year 601.2 649.5 Cash and cash equivalents at end of period $ 562.6 $ 594.5 10 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) 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.
Three Months Ended March 31, 2022 2021 Sales: Color, Additives and Inks $ 649.5 $ 609.3 Specialty Engineered Materials 244.7 216.5 Distribution 432.9 362.7 Corporate and eliminations (33.3) (26.2) Sales $ 1,293.8 $ 1,162.3 Gross margin: Color, Additives and Inks $ 192.1 $ 197.5 Specialty Engineered Materials 69.8 64.7 Distribution 39.3 39.3 Corporate and eliminations (7.5) 0.9 Gross margin $ 293.7 $ 302.4 Selling and administrative expense: Color, Additives and Inks $ 97.6 $ 108.7 Specialty Engineered Materials 30.1 30.5 Distribution 15.1 15.3 Corporate and eliminations 22.3 27.5 Selling and administrative expense $ 165.1 $ 182.0 Operating income: Color, Additives and Inks $ 94.5 $ 88.8 Specialty Engineered Materials 39.7 34.2 Distribution 24.2 24.0 Corporate and eliminations (29.8) (26.6) Operating income $ 128.6 $ 120.4 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 120.5 $ 116.2 Specialty Engineered Materials 47.5 42.0 Distribution 24.4 24.2 Corporate and eliminations (26.0) (24.9) Other income, net (0.6) 1.5 EBITDA $ 165.8 $ 159.0 11 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/2022-08/Avient Candidates Data Privacy Notice Final - Spanish.pdf
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Chinese.pdf
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https://www.avient.com/sites/default/files/2025-07/Avient Candidates Data Privacy Notice Final - Chinese%5B45%5D.pdf
https://www.avient.com/sites/default/files/2025-07/Ballistic Resistant Composite Panels Product Selection _ Install Guide.pdf
Property GlasArmor Panel ThermoBallistic Panel Test Method Glass Content 55 wt% 73 wt% n/a Density 0.066 lb/in3 1.83 g/cm3 0.062 lb/in3 1.72 g/cm3 ASTM D-792 Flex Mod 2.1–2.7 msi 14.5 - 18.6 GPa 2.5 msi 17.2 GPa ASTM D-790 Flex Strength 65 ksi 448 MPa 14 ksi 96.5 MPa ASTM D-790 Barcol Hardness 50–60 n/a ASTM D-2583 Fire Rating 1 hour1 n/a ASTM E-119-09c Flame Spread Rating 452 n/a ASTM E-84-08a Smoke Developed Rating 1652 n/a ASTM E-84-08a Forced Entry Physical Attack Rating - Contraband 3.73 n/a ASTM F-1233-21 Forced Entry Physical Attack Rating - Body 5.04 n/a ASTM F-1233-21 MATERIAL DATA (TYPICAL VALUES) 1 UL Level 3 panel was fire tested as part of a wall system with steel studs and drywall face sheet 2 NFPA & IBC Class B rating achieved 3 Contraband was represented by a 1/8 in. diameter rod 4 Body was represented by an 8 in. x 8 in. x 5 in. solid uncompressible rectangular object www.avient.com Copyright © 2025, Avient Corporation.