https://www.avient.com/news/avient-announces-launch-biocompatible-peek-pre-colored-compounds-healthcare-medica-2024
Avient Launches Biocompatible PEEK Colorants and Pre-Colored Formulations for Healthcare at MEDICA 2024
Part of the Colorant Chromatics™ Transcend™ portfolio, this range of pre-colored formulations and color concentrates are created specifically for the healthcare industry and are especially useful for injection molding and extrusion processes.
Our new Transcend Biocompatible PEEK pre-colored compounds can provide healthcare manufacturers with the flexibility and reliability they need to produce high-quality medical devices," said Deborah Sondag, Global Marketing Manager for Colorant Chromatics at Avient Corporation.
https://www.avient.com/sites/default/files/2024-08/AVNT Second Quarter Earnings Press Release.pdf
Consolidated sales expanded for the first time in seven quarters with contributions from both our Color, Additives and Inks, and Specialty Engineered Materials segments.
Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share.
Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Sales: Color, Additives and Inks $ 542.0 $ 524.5 $ 1,057.3 $ 1,061.5 Specialty Engineered Materials 308.1 300.8 622.5 610.5 Corporate (0.4) (0.9) (1.1) (1.9) Sales $ 849.7 $ 824.4 $ 1,678.7 $ 1,670.1 Gross margin: Color, Additives and Inks $ 184.5 $ 164.1 $ 355.7 $ 326.1 Specialty Engineered Materials 94.7 91.5 201.7 185.4 Corporate (21.6) (14.9) (21.6) (23.2) Gross margin $ 257.6 $ 240.7 $ 535.8 $ 488.3 Selling and administrative expense: Color, Additives and Inks $ 98.4 $ 96.1 $ 194.8 $ 192.5 Specialty Engineered Materials 51.9 51.8 105.5 102.6 Corporate 34.8 30.5 69.0 73.8 Selling and administrative expense $ 185.1 $ 178.4 $ 369.3 $ 368.9 Operating income: Color, Additives and Inks $ 86.1 $ 68.0 $ 160.9 $ 133.6 Specialty Engineered Materials 42.8 39.7 96.2 82.8 Corporate (56.4) (45.4) (90.6) (97.0) Operating income $ 72.5 $ 62.3 $ 166.5 $ 119.4 Depreciation & amortization: Color, Additives and Inks $ 21.8 $ 25.7 $ 43.7 $ 51.5 Specialty Engineered Materials 20.8 19.9 40.4 41.1 Corporate 2.3 2.0 5.1 5.5 Depreciation & amortization $ 44.9 $ 47.6 $ 89.2 $ 98.1 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 107.9 $ 93.7 $ 204.6 $ 185.1 Specialty Engineered Materials 63.6 59.6 136.6 123.9 Corporate (54.1) (43.4) (85.5) (91.5) Other (expense) income, net (0.9) (0.2) (1.8) 0.5 EBITDA from continuing operations $ 116.5 $ 109.7 $ 253.9 $ 218.0 Special items, before tax 28.1 21.7 34.3 49.0 Interest expense included in special items (1.0) — (1.0) — Depreciation & amortization included in special items (0.3) (0.1) (0.8) (1.9) Adjusted EBITDA $ 143.3 $ 131.3 $ 286.4 $ 265.1 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/industries/healthcare/drug-delivery-systems
Power Management
Color Cosmetics
Healthcare Colorants
https://www.avient.com/industries/consumer/consumer-discretionary/small-appliances
Power Management
Color Cosmetics
Polymer Colorants
https://www.avient.com/news/avient-showcases-sustainable-polymers-colorants-and-services-mexico-and-latin-america-plastimagen
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Avient Showcases Sustainable Polymers, Colorants and Services for Mexico and Latin America at Plastimagen
Caption: Explore the possibilities for polymers, colorants, additives, and services with Avient at Plastimagen 2022 in Mexico City.
Media contact
Michelle Maniscalco
Senior Manager, Marketing Communications
Avient Corporation
michelle.maniscalco@avient.com
https://www.avient.com/resources/safety-data-sheets?page=3929
BLUE COLOR FOR HIPS (CAP)
https://www.avient.com/resources/safety-data-sheets?page=3926
GRAY COLOR FOR WATER
https://www.avient.com/resources/safety-data-sheets?page=6944
WHITE COLOR FOR PP CAP
https://www.avient.com/resources/safety-data-sheets?page=3395
BLUE COLOR FOR WATER CONTAINER
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press 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.
Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share.
Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Sales: Color, Additives and Inks $ 486.5 $ 565.6 $ 1,548.0 $ 1,864.2 Specialty Engineered Materials 267.9 258.2 878.4 743.6 Corporate (0.7) (0.5) (2.6) (1.3) Sales $ 753.7 $ 823.3 $ 2,423.8 $ 2,606.5 Gross margin: Color, Additives and Inks $ 156.8 $ 161.3 $ 482.9 $ 546.8 Specialty Engineered Materials 78.3 66.9 263.7 201.3 Corporate (39.8) (32.8) (63.0) (37.4) Gross margin $ 195.3 $ 195.4 $ 683.6 $ 710.7 Selling and administrative expense: Color, Additives and Inks $ 92.3 $ 92.7 $ 284.8 $ 290.1 Specialty Engineered Materials 48.0 35.5 150.6 96.4 Corporate 20.7 26.6 94.5 81.3 Selling and administrative expense $ 161.0 $ 154.8 $ 529.9 $ 467.8 Operating income: Color, Additives and Inks $ 64.5 $ 68.6 $ 198.1 $ 256.7 Specialty Engineered Materials 30.3 31.4 113.1 104.9 Corporate (60.5) (59.4) (157.5) (118.7) Operating income $ 34.3 $ 40.6 $ 153.7 $ 242.9 Depreciation & amortization: Color, Additives and Inks $ 24.6 $ 24.2 $ 76.1 $ 76.1 Specialty Engineered Materials 20.5 12.9 61.6 28.4 Corporate 1.3 2.7 6.8 9.2 Depreciation & Amortization $ 46.4 $ 39.8 $ 144.5 $ 113.7 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 89.1 $ 92.8 $ 274.2 $ 332.8 Specialty Engineered Materials 50.8 44.3 174.7 133.3 Corporate (59.2) (56.7) (150.7) (109.5) Other income (expense), net 1.0 (32.3) 1.5 (31.3) EBITDA including special items $ 81.7 $ 48.1 $ 299.7 $ 325.3 Special items in EBITDA 41.0 71.2 88.1 75.6 Total Company, EBITDA adjusted $ 122.7 $ 119.3 $ 387.8 $ 400.9 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.