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Press Release
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Press Release
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
News Release - AVNT-2023.12.31-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Fourth Quarter and Full Year 2023 Results • Fourth quarter and full year GAAP EPS of $0.30 and $0.83 compared to $(0.19) and $0.90 from continuing operations in the prior year • Fourth quarter and full year adjusted EPS of $0.52 and $2.36 exceeds guidance of $0.47 and $2.30 as a result of favorable sales as well as lower net interest expense • Fourth quarter adjusted EPS increased 24% over the prior year pro forma adjusted EPS primarily driven by improved margins from positive portfolio mix, raw material deflation and cost reduction actions • 2024 full year adjusted EPS expected to range from $2.40 to $2.65 as destocking comes to an end and underlying demand starts to improve CLEVELAND – February 14, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, today announced its fourth quarter and full year results for 2023.
For more information, visit https://www.avient.com. https://www.avient.com/news-events https://www.avient.com/ 4 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
NEWS RELEASE Attachment 1
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
AVNT-2022.03.31-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces First Quarter 2022 Results in Connection with Announcement to Acquire DSM Protective Materials (Dyneema®) • First quarter sales grew to $1.3 billion, an 11% increase over the prior year • GAAP EPS increased to $0.91 from $0.86 in the prior year first quarter • Adjusted EPS increased 11% to $0.99 compared to $0.89 in the prior year first quarter, exceeding first quarter guidance of $0.95 • Second quarter adjusted EPS guidance of $0.92 introduced with full year adjusted EPS expectation maintained at $3.50 (excluding the impact of the acquisition) • Full year free cash flow now expected to approximate $285 million, an increase of $35 million from prior estimates CLEVELAND – April 20, 2022 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today announced its first quarter 2022 results.
For more information, visit www.avient.com/. http://www.avient.com/investors https://edge.media-server.com/mmc/p/edkwvu9r https://edge.media-server.com/mmc/p/edkwvu9r http://www.avient.com/investors https://www.avient.com/ 3 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Three Months Ended March 31, 2022 2021 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results $111.1 $ 7.7 $ 118.8 $102.6 $ 2.4 $ 105.0 Income tax expense - GAAP (26.6) — (26.6) (22.9) — (22.9) Income tax impact of special items (Attachment 3) — (2.0) (2.0) — (0.9) (0.9) Tax adjustments (Attachment 3) — 1.5 1.5 — 1.1 1.1 Income tax (expense) benefit $ (26.6) $ (0.5) $ (27.1) $ (22.9) $ 0.2 $ (22.7) Effective Tax Rate(1) 23.9 % 22.8 % 22.3 % 21.6 % (1) Rates may not recalculate from figures presented herein due to rounding 12 Reconciliation of EBITDA by Segment Three Months Ended March 31, 2022 2021 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 Items below OI in Corporate: Other income, net $ (0.6) $ 1.5 Depreciation & amortization: Color, Additives and Inks $ 26.0 $ 27.4 Specialty Engineered Materials 7.8 7.8 Distribution 0.2 0.2 Corporate and eliminations 3.8 1.7 Depreciation & Amortization $ 37.8 $ 37.1 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 EBITDA as a % of Sales: Color, Additives and Inks 18.6 % 19.1 % Specialty Engineered Materials 19.4 % 19.4 % Distribution 5.6 % 6.7 % Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 Net income from continuing operations – GAAP $ 84.5 $ 79.7 Income tax expense 26.6 22.9 Interest expense 16.9 19.3 Depreciation and amortization 37.8 37.1 EBITDA $ 165.8 $ 159.0 Special items, before tax 7.7 2.4 Depreciation and amortization included in special items (2.1) (0.5) Adjusted EBITDA $ 171.4 $ 160.9 NEWS RELEASE Attachment 1
https://www.avient.com/sites/default/files/2020-10/auto-injector-application-study.pdf
• Component materials must be carefully selected for either transparency or shielding to wireless signals • Expertise in design for human factors improves ease-of-use and intuitiveness of the device Avient Corporation 10 15.
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
AVNT-2021.03.31-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Record First Quarter 2021 Results; Increases Full Year Guidance • Organic revenues increased 17% to $1.16 billion driven by strong demand across all segments, with the most significant growth in healthcare and consumer end markets • GAAP EPS from continuing operations of $0.86 compared to $0.38 in the prior year quarter • Adjusted EPS from continuing operations of $0.89 expanded 68% over the prior year of $0.53 with all segments achieving record operating income • Full year adjusted EPS guidance for 2021 increased from $2.40 to $2.80 representing 45% growth over the prior year of $1.93.
For more information, visit www.avient.com. # # # https://www.avient.com/investors/ https://edge.media-server.com/mmc/p/eaivs28r https://edge.media-server.com/mmc/p/eaivs28r https://www.avient.com/investors/ http://www.avient.com/ 5 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Reconciliation of Pro Forma Adjusted Earnings per Share: Three Months Ended March 31, 2020 Net income from continuing operations attributable to Avient shareholders $ 33.1 Special items, after tax (Attachment 3) 8.6 Adjusted net income from continuing operations excluding special items 41.7 Clariant MB pro forma adjustments to net income from continuing operations(2) 7.8 Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 49.5 Weighted average diluted shares 86.7 Pro forma impact to diluted shares from January 2020 equity offering 6.1 Pro forma weighted average diluted shares 92.8 Adjusted EPS - excluding special items pro forma for Clariant MB acquisition $ 0.53 Year Ended December 31, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share: Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Avient Sales $ 3,242.1 $ — $ 3,242.1 $ 540.4 $ 3,782.5 Operating income $ 189.3 $ 73.7 $ 263.0 $ 45.0 $ 308.0 Interest expense, net (74.6) 10.1 (64.5) (18.1) (82.6) Other income, net 24.3 (17.6) 6.7 — 6.7 Income taxes (5.2) (41.4) (46.6) (6.2) (52.8) Net income attributable to noncontrolling interests (1.8) — (1.8) — (1.8) Net income from continuing operations attributable to Avient shareholders $ 132.0 $ 24.8 $ 156.8 $ 20.7 $ 177.5 Weighted average diluted shares 90.6 Impact to diluted shares from January 2020 equity offering 1.5 Pro forma weighted average diluted shares 92.1 Pro forma adjusted EPS $ 1.93 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 14 Year Ended December 31, 2019 Reconciliation of Pro Forma Adjusted Earnings per Share: Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(3) Pro Forma Adjusted Avient Sales $ 2,862.7 $ — $ 2,862.7 $ 1,118.6 $ 3,981.3 Operating income $ 156.8 $ 71.7 $ 228.5 $ 72.9 $ 301.4 Interest expense, net (59.5) — (59.5) (33.4) (92.9) Other income, net 12.1 (10.0) 2.1 — 2.1 Income taxes (33.7) (5.9) (39.6) (9.1) (48.7) Net income attributable to noncontrolling interests (0.2) — (0.2) — (0.2) Net income from continuing operations attributable to Avient shareholders $ 75.5 $ 55.8 $ 131.3 $ 30.4 $ 161.7 Weighted average diluted shares 77.7 Impact to diluted shares from January 2020 equity offering 15.3 Pro forma weighted average diluted shares 93.0 Pro forma adjusted EPS $ 1.74 (3) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 15 Reconciliation of EBITDA by Segment Three Months Ended March 31, Year Ended December 31, 2021 2020 2020 2019 2018 Operating income: Color, Additives and Inks $ 88.8 $ 40.5 $ 180.8 $ 147.4 $ 158.5 Specialty Engineered Materials 34.2 22.3 94.4 83.7 72.3 Distribution 24.0 19.4 69.5 75.4 71.5 Corporate and eliminations (26.6) (29.4) (155.4) (149.7) (123.7) Operating income $ 120.4 $ 52.8 $ 189.3 $ 156.8 $ 178.6 Items Below OI in Corporate Other income, net $ 1.5 $ 1.6 $ 24.3 $ 12.1 $ (12.9) Depreciation & Amortization: Color, Additives and Inks $ 27.4 $ 10.9 $ 75.1 $ 42.7 $ 44.3 Specialty Engineered Materials 7.8 7.5 30.0 29.5 23.2 Distribution 0.2 0.1 0.7 0.5 0.7 Corporate and eliminations 1.7 1.4 9.2 5.4 4.4 Depreciation & Amortization $ 37.1 $ 19.9 $ 115.0 $ 78.1 $ 72.6 EBITDA Color, Additives and Inks $ 116.2 $ 51.4 $ 255.9 $ 190.1 $ 202.8 Specialty Engineered Materials 42.0 29.8 124.4 113.2 95.5 Distribution 24.2 19.5 70.2 75.9 72.2 Corporate and eliminations (24.9) (28.0) (146.2) (144.3) (119.3) EBITDA $ 159.0 $ 74.3 $ 328.6 $ 247.0 $ 238.3 EBITDA as a % of Sales: Color, Additives and Inks 19.1 % 20.0 % 17.0 % 18.9 % 19.4 % Specialty Engineered Materials 19.4 % 16.1 % 17.6 % 15.2 % 14.8 % Distribution 6.7 % 6.7 % 6.3 % 6.4 % 5.7 % 16 Reconciliation of Pro Forma EBITDA - Color, Additives and Inks Three Months Ended March 31, Year Ended December 31, 2020 2020 2019 2018 Sales: Color, Additives and Inks $ 256.5 $ 1,502.9 $ 1,003.8 $ 1,046.5 Clariant MB pro forma adjustments(4) 279.4 540.4 1,118.6 1,209.8 Pro forma sales $ 535.9 $ 2,043.3 $ 2,122.4 $ 2,256.3 Operating income: Color, Additives and Inks $ 40.5 $ 180.8 $ 147.4 $ 158.5 Clariant MB pro forma adjustments(4) 23.0 45.0 72.9 80.3 Pro forma operating income $ 63.5 $ 225.8 $ 220.3 $ 238.8 Depreciation & amortization: Color, Additives and Inks $ 10.9 $ 75.1 $ 42.7 $ 44.3 Clariant MB pro forma adjustments(4) 15.1 30.1 60.3 61.2 Pro forma depreciation & amortization $ 26.0 $ 105.2 $ 103.0 $ 105.5 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA): Color, Additives and Inks $ 51.4 $ 255.9 $ 190.1 $ 202.8 Clariant MB pro forma adjustments(4) 38.1 75.1 133.2 141.5 Pro forma EBITDA $ 89.5 $ 331.0 $ 323.3 $ 344.3 Pro forma EBITDA as a % of Sales 16.7 % 16.2 % 15.2 % 15.3 % Three Months Ended March 31, Year Ended December 31, Reconciliation to Adjusted EBITDA: 2021 2020 2020 2019 2018 Net income from continuing operations – GAAP $ 79.7 $ 33.1 $ 133.8 $ 75.7 $ 87.4 Income tax expense 22.9 11.9 5.2 33.7 14.4 Interest expense 19.3 9.4 74.6 59.5 62.8 Debt extinguishment cost — — 1.1 Depreciation and amortization from continuing operations 37.1 19.9 115.0 78.1 72.6 EBITDA $ 159.0 $ 74.3 $ 328.6 $ 247.0 $ 238.3 Special items, before tax 2.4 9.6 66.2 61.7 59.5 Interest expense included in special items — — (10.1) — — Accelerated depreciation included in special items (0.5) — (3.2) — (3.0) Adjusted EBITDA $ 160.9 $ 83.9 $ 381.6 $ 308.7 $ 294.8 Reconciliation of Pro Forma Sales: Three Months Ended March 31, 2020 Sales $ 711.5 Clariant MB pro forma adjustment to sales(4) 279.4 Pro forma sales $ 990.9 (4) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) 17 Avient Announces Record First Quarter 2021 Results; Increases Full Year Guidance.pdf NEWS RELEASE 4.29 232pm News Release (002).pdf
https://www.avient.com/products/polymer-colorants/liquid-color-concentrates-and-dosing
Brochure: Quick Guide to Liquid Color
Composite Heat Release Technology
Cesa™ Release Additives
https://www.avient.com/news/avient-unveil-new-specialized-and-sustainable-solutions-fakuma-2023
NOTE: For additional Fakuma 2023 releases from Avient, click below to view:
They can be used in applications for critical electrical components to help prevent electromagnetic and radio frequency interference (EMI /RFI) and the build-up of static electricity (link to full press release above).
They are available across multiple polymer systems and provide comparable performance to conventional internally lubricated grades (link to full press release above).
https://www.avient.com/sites/default/files/2025-03/ColorWorks Design and Technology Centers Brochure.pdf
Once the framework is established, the development process kicks into high gear, utilizing a comprehensive toolbox of cutting-edge technologies: • Mood boards for conceptualization • Extensive color libraries, both physical and digital • Rapid prototyping and sampling • Photorealistic 3D rendering • Accurate cost and feasibility assessment tools This iterative process allows for quick turnarounds and efficient approvals, ensuring that the final product meets all expectations.
Additional Services • Color consultation to select or develop quick color and effect concepts • Polymer technology consultation to find solutions for technical and material challenges • Prototyping and sampling to best visualize color and effect considering polymer type, shape, and texture • Brand color management to ensure global color consistency • Color education and training to impart plastic coloration knowledge to non-experts • ColorForward™ color trend forecasting tool to provide insights into the CMF concepts expected to trend in the coming years Capabilities Multi-disciplinary Expertise Experts in CMF, industrial and conceptual design, color trends, polymer and color technology, formulation Extensive Toolbox Extensive color libraries and trend books, mood board creation, physical/virtual prototyping, cost evaluation, technical feasibility evaluation, sampling Valuable Networking Internal networking with Avient departments such as Avient Design, marketing, product safety, color matching labs, technology, sustainability group and external networking with designers, color associations, consultants, raw material providers Strategic Locations Locations in Asia, EMEA, Latin America and the U.S. 1.844.4AVIENT www.avient.com Copyright © 2025, Avient Corporation.
https://www.avient.com/resources/safety-data-sheets?page=4286
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