https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2019-results
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2017-results
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/investor-center/news/avient-announces-record-first-quarter-2021-results-increases-full-year-guidance
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2018-results
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2016-results
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant phase-in costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2020-results
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2017-results
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Common shares represented by a properly signed proxy card will be voted in accordance with the
choices marked on the card.
If no choices are marked, the shares will be voted FOR the: (1) election of
twelve Director nominees to our Board; (2) approval, on an advisory basis, of Named Executive Officer
compensation; and (3) ratification of the appointment of Ernst & Young LLP ("EY") as our independent
registered public accounting firm for the fiscal year ending December 31, 2024.
Year Ended
December 31,
2023 2022 2021 2020
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 82.8 $ 151.8 $71.0
Special items, after tax(1) 79.3 116.2 50.0 24.8
Amortization expense, after-tax 61.5 49.0 44.9 33.6
Adjusted net income / EPS $ 216.6 $ 248.0 $ 246.7 $ 129.4
Diluted Shares 91.8 92.2 92.1 90.6
Adjusted EPS attributable to Avient common shareholders from continuing operations $ 2.36 $ 2.69 $ 2.68 $ 1.43
(1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment
costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant
realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with
actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance
recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and
equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action
relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes
in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
This activity was especially important to us since it marked
our first major engagement initiative together as Avient.
We can’t wait to make our mark again during the next challenge!
Year Ended
December 31, 2020
Year Ended
December 31, 2019
Reconciliation of Pro Forma
Adjusted Earnings per Share Avient
Special
Items(1)
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(2)
Pro Forma
Adjusted
Avient Avient Special
Items(1) Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(2)
Pro Forma
Adjusted
Avient
Sales $ 3,242.1 $ — $ 3,242.1 $ 540.4 $ 3,782.5 $ 2,862.7 $ — $ 2,862.7 $ 1,118.6 $ 3,981.3
Operating income $ 189.3 $ 73.7 $ 263.0 $ 45.0 $ 308.0 $ 156.8 $ 71.7 $ 228.5 $ 72.9 $ 301.4
Interest expense, net (74.6) 10.1 (64.5) (18.1) (82.6) (59.5) — (59.5) (33.4) (92.9)
Other income, net 24.3 (17.6) 6.7 — 6.7 12.1 (10.0) 2.1 — 2.1
Income taxes (5.2) (41.4) (46.6) (6.2) (52.8) (33.7) (5.9) (39.6) (9.1) (48.7)
Net income attributable to
noncontrolling interests (1.8) — (1.8) — (1.8) (0.2) — (0.2) — (0.2)
Net income from continuing
operations attributable to
Avient shareholders $ 132.0 $ 24.8 $ 156.8 $ 20.7 $ 177.5 $ 75.5 $ 55.8 $ 131.3 $ 30.4 $ 161.7
Weighted average diluted shares 90.6 77.7
Impact to diluted shares from January 2020 equity offering 1.5 15.3
Pro forma weighted average diluted shares 92.1 93.0
Pro forma adjusted EPS $ 1.93 $ 1.74
(1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation
to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments;
settlement gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs,
fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and
equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose
prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported
results
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Common shares represented by a properly signed proxy card will be voted in accordance with the choices
marked on the card.
If no choices are marked, the shares will be voted FOR the: (1) election of twelve
Director nominees to our Board; (2) approval, on an advisory basis, of our Named Executive Officer
compensation; and (3) ratification of the appointment of Ernst & Young LLP ("EY") as our independent
registered public accounting firm for the fiscal year ending December 31, 2022.
Year Ended
December 31,
Reconciliation of Pro Forma Adjusted Earnings per Share: 2021 2020
Net income from continuing operations attributable to Avient shareholders $ 230.8 $ 132.0
Special items, after tax 50.0 24.8
Adjusted net income from continuing operations excluding special items 280.8 156.8
Clariant Color pro forma adjustments to net income from continuing operations(2) - 20.7
Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 280.8 $ 177.5
Weighted average diluted shares 92.1 90.6
Pro forma impact to diluted shares from January 2020 equity offering - 1.5
Pro forma weighted average diluted shares 92.1 92.1
Pro forma adjusted EPS - excluding special items pro forma for Clariant Color acquisition $ 3.05 $ 1.93
(1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment
costs; costs incurred directly in relation to acquisitions or divestitures, including adjustments related to contingent consideration; employee separation
costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market
adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines,
penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating
businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where
such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items;
and the effect of changes in accounting principles or other such laws or provisions affecting reported results.