will serve as president of Color, Additives & Inks, and serving in various sales, marketing and general manager roles focused on specialty markets while based in make him the ideal person to lead our Color business to the next level," said

Inventories, net Decrease in inventories    Color, Additives and Inks

Inventories, net Decrease (increase) in inventories Color, Additives and Inks

That being said, versus the prior year, global demand conditions and inventory destocking negatively impacted nearly every industry and region during the quarter,” Mr. This includes restructuring actions to accelerate the remaining synergies associated with the Clariant Color acquisition, particularly in Europe.” Management believes this provides better comparability of the performance of the combined businesses.

Inventories, net Decrease (increase) in inventories    Color, Additives and Inks

Inventories, net Increase) decrease in inventories    Color, Additives and Inks

  •    Avient Distribution’s comprehensive portfolio of polymer solutions and professional distribution management, helping the healthcare industry to meet increasing demand for molecular diagnostics     Colorant Chromatics white colorants for high temperature polymers such as PPSU, PES, PSU and PEI to enhance aesthetics and performance of medical devices Jennifer Huang Senior Manager, Marketing Communications Asia Avient Corporation +86 21-6028-4888 jennifer.huang@avient.com

When our newly added production line is validated and goes on-stream in Singapore next quarter, Avient will be able to increase its capacity to supply these materials, which address the particular needs of the healthcare industry in the Asia Pacific region," says Say-Eng Lee, vice president and general manager, Color & Additives Asia. Mevopur pre-colored specialty materials are available in a wide range of polymer families. Media contact Michelle Maniscalco Senior Manager, Marketing Communications Avient Corporation +1 440-930-1988 michelle.maniscalco@avient.com  

We excel at helping you bring new products to market with the performance, durability and colors your customers want and the production efficiencies you need. From fences, decking, and railings to siding, roofing, and trim, we have you covered with weatherable materials and dark colors that resist heat build up. Power Management

Patterson added, “Our Color, Additives and Inks segment also delivered record operating income of $58 million during the fourth quarter. Management believes this provides comparability of the performance of the combined businesses. Three Months Ended Year Ended Sales: Color, Additives and Inks $ 525.8 $ 226.7 $ 1,502.9 $ 1,003.8 Specialty Engineered Materials 190.6 177.5 708.8 745.7 Distribution 305.1 272.4 1,110.3 1,192.2 Corporate and eliminations (24.5) (18.0) (79.9) (79.0) Sales $ 997.0 $ 658.6 $ 3,242.1 $ 2,862.7 Gross margin: Color, Additives and Inks $ 164.3 $ 73.9 $ 484.4 $ 338.4 Specialty Engineered Materials 59.1 47.7 207.6 200.2 Distribution 32.4 31.0 124.0 132.1 Corporate and eliminations (2.9) 0.7 (31.7) (13.5) Gross margin $ 252.9 $ 153.3 $ 784.3 $ 657.2 Selling and administrative expense: Color, Additives and Inks $ 106.8 $ 46.7 $ 303.6 $ 191.0 Specialty Engineered Materials 28.7 28.9 113.2 116.5 Distribution 14.4 14.0 54.5 56.7 Corporate and eliminations 38.0 43.2 123.7 136.2 Selling and administrative expense $ 187.9 $ 132.8 $ 595.0 $ 500.4 Operating income: Color, Additives and Inks $ 57.5 $ 27.2 $ 180.8 $ 147.4 Specialty Engineered Materials 30.4 18.8 94.4 83.7 Distribution 18.0 17.0 69.5 75.4 Corporate and eliminations (40.9) (42.5) (155.4) (149.7) Operating income $ 65.0 $ 20.5 $ 189.3 $ 156.8 11 Attachment 7 Reconciliation of Non-GAAP Financial Measures (Unaudited) 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.