https://www.avient.com/company/policies-and-governance/global-iso-certificate-library
Specialty Engineered Materials
Specialty Coatings
Specialty Coatings
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • Disruptions or inefficiencies in our supply chain, logistics, or operations; • Changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • Demand for our products and services; • Production outages or material costs associated with scheduled or unscheduled maintenance programs; • Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • Information systems failures and cyberattacks; • Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • Our ability to achieve strategic objectives and successfully integrate acquisitions, including the implementation of a cloud-based enterprise resource planning system, S/4HANA; • Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts and any recessionary conditions; and • Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2023 under Item 1A, “Risk Factors.”
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
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 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 Three Months Ended June 30, Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 Net income from continuing operations – GAAP $ 33.8 $ 22.3 Income tax expense 11.2 10.4 Interest expense, net 26.6 29.4 Depreciation & amortization 44.9 47.6 EBITDA from continuing operations $ 116.5 $ 109.7 Special items, before tax 28.1 21.7 Interest expense included in special items (1.0) — Depreciation & amortization included in special items (0.3) (0.1) Adjusted EBITDA $ 143.3 $ 131.3 Adjusted EBITDA as a percent of sales 16.9 % 15.9 % 1 Three Months Ended June 30, 2024 2023 Sales: Color, Additives and Inks $ 542.0 $ 524.5 Specialty Engineered Materials 308.1 300.8 Corporate (0.4) (0.9) Sales $ 849.7 $ 824.4 Operating income: Color, Additives and Inks $ 86.1 $ 68.0 Specialty Engineered Materials 42.8 39.7 Corporate (56.4) (45.4) Operating income $ 72.5 $ 62.3 Depreciation & amortization: Color, Additives and Inks $ 21.8 $ 25.7 Specialty Engineered Materials 20.8 19.9 Corporate 2.3 2.0 Depreciation & amortization $ 44.9 $ 47.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 107.9 $ 93.7 Specialty Engineered Materials 63.6 59.6 Corporate (54.1) (43.4) Other expense, net (0.9) (0.2) EBITDA from continuing operations 116.5 109.7 Special items, before tax 28.1 21.7 Interest expense included in special items (1.0) — Depreciation & amortization included in special items (0.3) (0.1) Adjusted EBITDA $ 143.3 $ 131.3 Adjusted EBITDA as a percent of sales: Color, Additives and Inks 19.9 % 17.9 % Specialty Engineered Materials 20.6 % 19.8 % 2 Year Ended December 31, 2023 Operating income: Color, Additives and Inks $ 259.9 Specialty Engineered Materials 142.5 Corporate (205.6) Operating income $ 196.8 Depreciation & amortization: Color, Additives and Inks $ 98.3 Specialty Engineered Materials 81.5 Corporate 9.0 Depreciation & amortization $ 188.8 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 358.2 Specialty Engineered Materials 224.0 Corporate (196.6) Other income, net 5.8 EBITDA from continuing operations 391.4 Special items, before tax 114.6 Interest expense included in special items (2.3) Depreciation & amortization included in special items (1.9) Adjusted EBITDA $ 501.8 3 Avient Q2 2024 Webcast Slides_for website_with non-GAAP_8_5.pdf IR Deck - AVNT-2024.06.30 - 8.02.24 1130AM.pdf Attachment Avient Q2 2024 Webcast Slides_for website_with non-GAAP.pdf AVNT cover slide.pdf
https://www.avient.com/resource-center?document_type=59&document_subtype=0&industry=0&product_family=0&product_name=0&op=FILTER RESULTS&form_id=resource_filter_form&page=34
Haptics and Vibration Damping for Power Tool Handle
Power Tool Handle
CORE™ Vinyl Powder Coatings are dry blends of suspension PVC resins that are plasticized for flexibility
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; changes in laws and regulations regarding plastics in jurisdictions where we conduct business; fluctuations in raw material prices, quality and supply, and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials; an inability to raise or sustain prices for products or services; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
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/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-peek-colorants
Colorants are based on PAEK resins from several major producers.
Learn about high-performance thermoplastics that surpass commodity and engineering resins
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-vinyl-plastisols
These dispersions of PVC resins are available in a range of hardness and colors, and for many different uses.
Phthalate-free dispersions of PVC resins.
https://www.avient.com/resource-center/services/color-services/avient-colorworks-design-and-technology-centers
Focusing simultaneously on aesthetics, functionality, color efficiency and project coordination, ColorWorks helps you heighten shelf impact, differentiate your brands, control costs and time-to-market, and manage color across multiple resins.
Maintaining color consistency across multiple resins sourced from different suppliers in countries around the world is a complex task that requires color-management knowledge and global resources.
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/comptek-high-temperature-polymer-concentrates
COMPTEK formulations are based on PSU, PES, PEI, PPS, PPSU, PEEK, LCP resins.
Learn about high-performance thermoplastics that surpass commodity and engineering resins
https://www.avient.com/sites/default/files/2021-11/avient-design-ergonomic-design-guide.pdf
Power grip - The power tool or pistol grip uses the large muscles of the forearm to provide the highest possible grip force, but offers limited dexterity. 2.
For power, the larger muscles of the forearm need to be activated.
Figure 15: USee™ validation process USee™ is a trademark of Global Vision 2020, Inc.
https://www.avient.com/news/avient-feature-specialty-technologies-and-services-healthcare-mdm-west-2023
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Avient to Feature Specialty Technologies and Services for Healthcare at MD&M West 2023
It also contains more specialty formulations like the HC BT218 grade, which was developed specifically to handle the complexities of biopharmaceutical tubing and deliver excellent weldability, kink resistance, and low levels of extractables.
In addition to specific polymer solutions, experts will be on hand to share insights on the specialty services Avient provides, specifically Avient Design and ColorWorks™ Design and Technology Centers, to support customers throughout product development.