Adjusted EPS excluding intangible amortization for the third quarter of $0.59 was slightly below prior year of $0.61. 2 “As we announced in our September 27th release, we are experiencing weaker global demand conditions precipitated by the war in Ukraine, recession fears, higher energy costs and inflation,” said Robert M. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, restructuring costs, environmental remediation costs, acquisition related costs, and other non-routine costs. These costs are included in Corporate and eliminations.

THE SOLUTION Avient recommended Bergamid™ B70 G30H black TM-X PA 6 resin with 30 percent glass fiber reinforcement for its excellent mechanical properties and cost benefits. Further, the material costs for Bergamid resin are lower than those of bent steel plate. The new seat securement part has already been adopted by one OEM customer, and we are confident that other manufacturers will come to us for this lightweight, cost-efficient solution.”

It was important that the new connector provide signal dampening within an established range as specified by the customer without exceeding the established cost targets. In addition, they are costly to manufacture, which makes them economically unfeasible for use in low-cost computers. Avient’s willingness to invest the time and resources needed to ensure success enabled the manufacturer to develop a cost-effective, well-per forming product for its customer.

The company noted that GAAP EPS includes special items (Attachment 3), which impacted EPS in both periods and were primarily associated with acquisition-related and restructuring costs. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, restructuring costs, environmental remediation costs, acquisition related costs, and other non-routine costs. These costs are included in Corporate and eliminations.

Special items for the first quarter were primarily related to costs associated with restructuring actions. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs, mark-to-market adjustments associated with benefit plans, acquisition related costs, and other non-routine costs. These costs are included in Corporate.

Natural gas and raw materials costs represent a substantial part of our manufacturing costs. These costs are presented within Debt extinguishment costs in our Consolidated Statements of Income. Shipping and Handling Costs Shipping and handling costs are included in cost of sales.

Natural gas and raw materials costs represent a substantial part of our manufacturing costs. Shipping and Handling Costs Shipping and handling costs are included in cost of sales. These costs are presented within Debt extinguishment costs in our Consolidated Statements of Income.

Natural gas and raw materials costs represent a substantial part of our manufacturing costs. Cost of sales As a percent of sales, cost of sales decreased from 81.5% in 2014 to 79.8% in 2015. Shipping and Handling Costs Shipping and handling costs are included in cost of sales.

Electricity and raw materials costs represent a substantial part of our manufacturing costs. These costs are included in Corporate. Shipping and Handling Costs Shipping and handling costs are included in Cost of sales.

Certain corporate costs previously allocated to Avient Distribution will be retained by Avient and have been recast as costs in continuing operations. The costs are now shown in Corporate and eliminations. 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.