https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
AVNT-2023.09.30-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Third Quarter 2023 Results
• GAAP EPS of $0.06 includes special items primarily related to environmental costs and
amortization expense
https://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.
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to Consolidated Statements of Income 2023 2022 2023 2022
Sales $ 753.7 $ 823.3 $ 2,423.8 $ 2,606.5
Gross margin - GAAP 195.3 195.4 683.6 710.7
Special items in gross margin (Attachment 3) 40.2 31.8 62.4 35.6
Adjusted gross margin $ 235.5 $ 227.2 $ 746.0 $ 746.3
Adjusted gross margin as a percent of sales 31.2 % 27.7 % 30.8 % 28.6 %
Operating income - GAAP 34.3 40.6 153.7 242.9
Special items in operating income (Attachment 3) 41.0 40.2 89.9 48.8
Adjusted operating income $ 75.3 $ 80.8 $ 243.6 $ 291.7
Adjusted operating income as a percent of sales 10.0 % 9.8 % 10.1 % 11.2 %
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 2023 2022
Net income from continuing operations – GAAP $ 5.1 $ (27.8) $ 48.7 $ 99.7
Income tax (benefit) expense (0.1) (1.2) 18.0 41.5
Interest expense, net 30.3 37.3 88.5 70.4
Depreciation and amortization 46.4 39.8 144.5 113.7
EBITDA from continuing operations $ 81.7 $ 48.1 $ 299.7 $ 325.3
Special items, before tax 43.2 82.0 92.2 89.6
Interest expense included in special items (2.2) (10.0) (2.2) (10.0)
Depreciation and amortization included in special items — (0.8) (1.9) (4.0)
Adjusted EBITDA $ 122.7 $ 119.3 $ 387.8 $ 400.9
Adjusted EBITDA as a % of sales 16.3 % 14.5 % 16.0 % 15.4 %
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
Microsoft Word - Avient Announces Fourth Quarter and Full Year 2024 Results
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Fourth Quarter and Full Year 2024 Results
• Fourth quarter sales increased 4% to $747 million and full year sales increased 3% to
$3,240 million
• Organic sales, which excludes the impact of foreign exchange, grew 5% and 4% in the
fourth quarter and full year, respectively, driven by positive growth in all regions
• Fourth quarter and full year GAAP EPS from continuing operations of $0.52 and $1.84
compared to $0.30 and $0.83 in the prior year
• Fourth quarter adjusted EPS of $0.49, above mid-point of guidance range of $0.46 to
$0.50 and includes a $0.01 unfavorable impact from foreign exchange
• 2024 full year adjusted EPS of $2.66 represents an increase of 13% over the prior year,
driven by sales growth and margin expansion in both segments
• 2025 full year adjusted EPS expected to range from $2.70 to $2.94; the mid-point
represents 11% growth when excluding the unfavorable impact of foreign exchange of
$0.12
CLEVELAND – February 13, 2025 – Avient Corporation (NYSE: AVNT), an innovator of
materials solutions, today announced its fourth quarter and full year results for 2024.
Visit www.avient.com to learn more.
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.
https://www.avient.com/news/avient-launches-new-recycled-content-thermoplastic-elastomers-and-metallic-effect-sulfone-solutions-fakuma-2024
NOTE: For additional Fakuma 2024 releases from Avient, click below to view:
RECENTLY LAUNCHED Colorant Chromatics™ Evoluscend™ Non-PFAS High-Temperature Mold Release Additive: formulated without intentionally added per- and polyfluoroalkyl substances (PFAS), this new non-PFAS additive can be used to enhance the manufacturing processes of high-pressure injection molding (link to full press release here).
This supports new targets proposed by the European Commission as part of the End-of-Life Vehicles (ELV) Directive (link to full press release here).
https://www.avient.com/resources/safety-data-sheets?page=2888
11835HT QUICK WHITE
https://www.avient.com/resources/safety-data-sheets?page=810
QUICK SILVER GREY
https://www.avient.com/products/long-fiber-technology/complet-long-glass-fiber
Colorable for product branding or quick identification
https://www.avient.com/resources/safety-data-sheets?page=6715
PE QUICK SILVER POWDER
https://www.avient.com/resources/safety-data-sheets?page=3155
XDW61375B XP EPIC QUICK WHITE
https://www.avient.com/resources/safety-data-sheets?page=6865
PE QUICK SILVER DC V2
https://www.avient.com/resources/safety-data-sheets?page=6322
M00009 NPT QUICK FLASH ADDITIVE