https://www.avient.com/news/mecall-srl-replaces-lead-trilliant-radiation-shielding-polyone
PolyOne is exhibiting a full range of polymer, colorant and additive healthcare solutions this week at Medical Design & Manufacturing West in booth 3213.
Michelle Maniscalco
Marketing Communications Manager, North America
PolyOne Corporation
+1 440-930-1988
michelle.maniscalco@avient.com
Matt Defosse
Marketing Communications Manager, Europe
PolyOne Corporation
+49 6406-832-061
matt.defosse@avient.com
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
While we anticipate raw material and labor shortages to
continue and inflation to be persistent, we have proven that we can manage these challenges
and expect to deliver another record year of growth.”
Full Year Comparisons Pro Forma for Acquisition of Clariant’s Color Business
The company acquired Clariant’s color (“Clariant Color”) business on July 1, 2020 (the
“Acquisition Date”).
Management believes this provides better comparability of the performance of the
combined businesses.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
These factors are also causing customer inventory destocking across nearly every industry,
further reducing orders from customers."
They are based on management’s
expectations that involve a number of business risks and uncertainties, any of which could cause
actual results to differ materially from those expressed in or implied by the forward-looking
statements.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 565.6 $ 586.6 $ 1,864.2 $ 1,820.3
Specialty Engineered Materials 258.2 231.7 743.6 685.3
Corporate and eliminations (0.5) (0.3) (1.3) 2.9
Sales $ 823.3 $ 818.0 $ 2,606.5 $ 2,508.5
Gross margin:
Color, Additives and Inks $ 161.3 $ 172.1 $ 546.8 $ 563.0
Specialty Engineered Materials 66.9 61.4 201.3 192.6
Corporate and eliminations (32.8) (17.9) (37.4) (28.3)
Gross margin $ 195.4 $ 215.6 $ 710.7 $ 727.3
Selling and administrative expense:
Color, Additives and Inks $ 92.7 $ 105.3 $ 290.1 $ 321.1
Specialty Engineered Materials 35.5 31.4 96.4 94.2
Corporate and eliminations 26.6 26.1 81.3 82.4
Selling and administrative expense $ 154.8 $ 162.8 $ 467.8 $ 497.7
Operating income:
Color, Additives and Inks $ 68.6 $ 66.8 $ 256.7 $ 241.9
Specialty Engineered Materials 31.4 30.0 104.9 98.4
Corporate and eliminations (59.4) (44.0) (118.7) (110.7)
Operating income $ 40.6 $ 52.8 $ 242.9 $ 229.6
Depreciation & amortization:
Color, Additives and Inks $ 24.2 $ 26.6 $ 76.1 $ 79.2
Specialty Engineered Materials 12.9 7.9 28.4 23.8
Corporate and eliminations 2.7 2.1 9.2 4.1
Depreciation & Amortization $ 39.8 $ 36.6 $ 113.7 $ 107.1
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 92.8 $ 93.4 $ 332.8 $ 321.1
Specialty Engineered Materials 44.3 37.9 133.3 122.2
Corporate and eliminations (56.7) (41.9) (109.5) (106.6)
Other (expense) income, net (32.3) 1.6 (31.3) 4.3
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
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/news/new-artisan-abs-thermoplastic-solution-avient-features-metallic-effect-electronics-brands
Artisan ABS formulations are currently manufactured in Asia in customizable, metallic colors, and are available for purchase globally.
Michelle Maniscalco
Senior Manager, Marketing Communications
Avient Corporation
michelle.maniscalco@avient.com
Jennifer Huang
Senior Manager, Marketing Communications Asia
Avient Corporation
+86 21 6028-4888
jennifer.huang@avient.com
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
They are based on management’s
expectations that involve a number of business risks and uncertainties, any of which could cause
actual results to differ materially from those expressed in or implied by the forward-looking
statements.
Senior management believes these measures are useful to investors because they allow for comparison to Avient's
performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the
potential variability across periods based on timing, frequency and magnitude.
Three Months Ended
March 31,
2022 2021
Sales:
Color, Additives and Inks $ 649.5 $ 609.3
Specialty Engineered Materials 244.7 216.5
Distribution 432.9 362.7
Corporate and eliminations (33.3) (26.2)
Sales $ 1,293.8 $ 1,162.3
Gross margin:
Color, Additives and Inks $ 192.1 $ 197.5
Specialty Engineered Materials 69.8 64.7
Distribution 39.3 39.3
Corporate and eliminations (7.5) 0.9
Gross margin $ 293.7 $ 302.4
Selling and administrative expense:
Color, Additives and Inks $ 97.6 $ 108.7
Specialty Engineered Materials 30.1 30.5
Distribution 15.1 15.3
Corporate and eliminations 22.3 27.5
Selling and administrative expense $ 165.1 $ 182.0
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
Earnings before interest, taxes, depreciation and amortization (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
11
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/news/polyone-showcase-material-colorant-and-additive-innovations-chinaplas-2018
InVisiO™ Color Inspiration 2019+ collection of four influential and emerging color palettes examines a world in flux, one where we honor our heritage, seek nature in materials, embrace techno-uncertainty, and cherish true craft.
Jennifer Huang
Senior Manager, Marketing Communications Asia
PolyOne Corporation
+86 21 60284888
jennifer.huang@avient.com
Michelle Maniscalco
Senior Manager, Marketing Communications
PolyOne Corporation
+1 440 930 1988
michelle.maniscalco@avient.com
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
Add on nearly $50 million in synergies from the Clariant color business integration, and we are
having a record year.”
http://www.avient.com/investors
https://edge.media-server.com/mmc/p/yrq7mgm9
https://edge.media-server.com/mmc/p/yrq7mgm9
http://www.avient.com/investors
3
Full Year Comparisons Pro Forma for Acquisition of Clariant’s Color Business
The company acquired Clariant’s color (“Clariant Color”) business on July 1, 2020 (the
“Acquisition Date”).
Management believes this provides better comparability of the performance of the
combined businesses.
https://www.avient.com/news/polyone-color-inspirations-2020-brings-visionary-concepts-focus
Flat colors representing the physical world are juxtaposed with “lit” bright colors of the digital world in this palette.
For more information on Color Inspiration 2020 and how it can help designers and brand owners develop color strategies based on consumer color preferences, contact PolyOne here.
Michelle Maniscalco
Senior Manager, Marketing Communications
PolyOne Corporation
+1 440-930-1988
michelle.maniscalco@avient.com
https://www.avient.com/resource-center/services/client-services/part-and-tooling-design-analysis
Color Services
Color Management: ColorMatrix Select
Avient Color Prediction Service
https://www.avient.com/industries/energy/electronic-equipment
Power Management
Color Cosmetics
Polymer Colorants