https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
Microsoft Word - Q4 release 2.14.23 430PM 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Fourth Quarter and Full Year 2022 Results • Fourth quarter and full year GAAP EPS from continuing operations of $(0.19) and $0.90 • Fourth quarter and full year adjusted EPS from continuing operations of $0.39 and $2.69 exceeds prior guidance of $0.29 and $2.60 due to better-than-expected orders for personal protection products from Avient Protective Materials (“APM”) and cost reductions • On a pro forma basis, fourth quarter and full year adjusted EPS of $0.42 and $3.04 exceeded prior guidance of $0.33 and $2.95, respectively • Strong working capital performance to finish the year resulted in cash flow from operations of approximately $400 million for 2022; full year free cash flow of approximately $290 million • Paid down additional $200 million of debt for a year-end net debt-to-adjusted EBITDA of 2.9x which improved from prior projections • Earned fourth Great Place to Work® certification, achieving the highest employee engagement scores in the history of the company CLEVELAND – February 15, 2023 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable solutions, today announced its fourth quarter and full year results for 2022.
Orders in Europe and Asia were slightly better than expected at the end of the year.
Comparisons to prior year fourth quarter and full year financial results herein are presented on a pro forma basis such that the prior periods include the business results of APM.
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.
First quarter 2021 GAAP EPS from continuing operations was $0.86 compared to $0.38 in the prior year first quarter.
Patterson added, “We are also increasing our full year 2021 estimates and now expect revenues of approximately $4.3 billion and adjusted EPS of $2.80, a 45% increase over the prior year."
https://www.avient.com/sites/default/files/2022-11/Packaging Anti-fog Whitepaper.pdf
Fog formation is a challenge for many fresh foods and packaging types, including: • Fresh and processed meats and fish • Lidding barrier films on rigid or semi-rigid containers • Stretch films • Fruits and vegetables • Stretch or shrink films • Biaxially Oriented Polypropylene (BOPP) films 4© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 in recent years, and it is now possible to create films with outstanding mechanical properties, gas barrier properties, and optical qualities.
In 2010, Avient introduced the first anti-fog additive for polypropylene films that enabled anti-fog sealant film conversion without the need for surface treatment.
https://www.avient.com/resource-center/knowledge-base/case-study/advancing-development-treated-bed-nets-malaria-control?sust%5B0%5D=1134
According to the World Health Organization, every year there are more than 200 million new cases of malaria, with children under 5 the most vulnerable group affected by the disease.
https://www.avient.com/resource-center/knowledge-base/case-study/advancing-development-treated-bed-nets-malaria-control?ind%5B0%5D=6598
According to the World Health Organization, every year there are more than 200 million new cases of malaria, with children under 5 the most vulnerable group affected by the disease.
https://www.avient.com/resource-center/knowledge-base/case-study/advancing-development-treated-bed-nets-malaria-control?rtype%5B0%5D=1124
According to the World Health Organization, every year there are more than 200 million new cases of malaria, with children under 5 the most vulnerable group affected by the disease.
https://www.avient.com/resource-center/knowledge-base/case-study/bic-amplifies-sustainable-razor-design-recycled-content-material?ind%5B0%5D=21537
BIC introduced its sustainability program more than 15 years ago.
https://www.avient.com/resource-center/knowledge-base/case-study/bic-amplifies-sustainable-razor-design-recycled-content-material?pname%5B0%5D=17849
BIC introduced its sustainability program more than 15 years ago.
https://www.avient.com/resource-center/knowledge-base/case-study/bic-amplifies-sustainable-razor-design-recycled-content-material?ind%5B0%5D=6596
BIC introduced its sustainability program more than 15 years ago.
https://www.avient.com/resource-center/knowledge-base/case-study/bic-amplifies-sustainable-razor-design-recycled-content-material?rtype%5B0%5D=1124
BIC introduced its sustainability program more than 15 years ago.