https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
Being a Great Place to Work — We listen to feedback from our associates then take
action in building our high-performance culture and being a global employer of choice.
Supporting Diversity and Inclusion — All associates are valued and encouraged to
bring their true selves to work every day, and ensuring equal access and opportunity will
contribute to our organization’s success.
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
Being a Great Place to Work — We listen to feedback from our associates then take
action in building our high-performance culture and being a global employer of choice.
Supporting Diversity and Inclusion — All associates are valued and encouraged to
bring their true selves to work every day, and ensuring equal access and opportunity will
contribute to our organization’s success.
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.
We
focused on controlling costs and reducing working capital, generating an additional $90 million of
free cash flow above our previous projections.
We have overhauled our
portfolio by divesting more cyclical, less specialized businesses and made significant investments in
innovation, composites, sustainable solutions and our Great Place to Work® culture,” Mr.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
Prior to that, he worked for
Kimberly-Clark, a global personal care products company.
Working Capital as a Percentage of Sales.
Working capital as a percentage of sales was calculated by
taking the average 13 months of total Company working capital divided by the sum of 12 months of
2024 total Company sales, where working capital equals (1) trade accounts receivable (2) plus inventory
(3) minus trade accounts payable
https://www.avient.com/sites/default/files/2024-07/TPE Whitepaper_0.pdf
Operational Improvements
TPEs create the opportunity to reduce both
stock items and work in progress, resulting
in more efficient use of working capital.
https://www.avient.com/sites/default/files/2020-08/specialty-dispersions-overview.pdf
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2020-09/advanced-dispersions-color-selection-chart-1.pdf
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2022-04/Avient Announces Agreement to Acquire Dyneema_0.pdf
Examples include:
• Unique technologies that improve the recyclability of products and enable recycled content
to be incorporated, thus advancing a more circular economy
• Light-weighting solutions that replace heavier traditional materials like metal, glass and
wood, which can improve fuel efficiency in all modes of transportation and reduce carbon
footprint
• Sustainable infrastructure solutions that increase energy efficiency, renewable energy,
natural resource conservation and fiber optic / 5G network accessibility
Avient employs approximately 8,700 associates and is certified ACC Responsible Care®, a
founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include,
but are not limited to: the time required to consummate the acquisition of the Dyneema business;
the satisfaction or waiver of conditions in the purchase agreement; completion of the consultation
process with the relevant Dutch works council; the ability to obtain required regulatory or other
third-party approvals and consents and otherwise consummate the proposed acquisition of the
Dyneema business; our ability to achieve the strategic and other objectives relating to the
proposed acquisition of the Dyneema business and possible sale of the distribution business;
disruptions, uncertainty or volatility in the credit markets that could adversely impact the
availability of credit already arranged and the availability and cost of credit in the future; the effect
on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory
risks; the current and potential future impact of the COVID-19 pandemic on our business, results
of operations, financial position or cash flows; changes in polymer consumption growth rates and
laws and regulations regarding plastics in jurisdictions where we conduct business; fluctuations
in raw material prices, quality and supply, and in energy prices and supply; production outages
or material costs associated with scheduled or unscheduled maintenance programs;
unanticipated developments that could occur with respect to contingencies such as litigation and
environmental matters; an inability to raise or sustain prices for products or services; information
systems failures and cyberattacks; and other factors affecting our business beyond our control,
including without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation.
https://www.avient.com/sites/default/files/2024-06/OnColor FX Special Effect Colorants - Bulletin.pdf
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable indication
of performance or properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2020-07/core-vinyl-plastisols-product-bulletin.pdf
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.