https://www.avient.com/company/purpose-strategic-framework
See how Avient opens up possibilities for the world through plastics
https://www.avient.com/company/sustainability/sustainability-report/products/no-surprises-pledge-0
See how Avient opens up possibilities for the world through plastics
https://www.avient.com/company/sustainability/sustainability-report/people/diversity-inclusion/serve
We look forward to seeing how SERVE can contribute to our culture and benefit our company, associates and community!"
https://www.avient.com/knowledge-base/ebook/nylon-6-vs-nylon-66-whats-difference
See how Avient helped one manufacturer switch from steel to nylon.
https://www.avient.com/products/polymer-additives/surface-modifier-additives/cesa-anti-block-additives
Learn how molded-in color can offer the same eye-popping effects of paint at a greater efficiency and lower cost.
See our extensive library of resources about our growing company.
https://www.avient.com/products/printing-and-marking-inks/colorant-chromatics-low-temperature-inks
See our extensive library of resources about our growing company.
Explore Colorant Chromatics's broad portfolio, markets and applications, and how Avient can provide the highest levels of service (English language version).
https://www.avient.com/products/polymer-additives/electrical-performance-additives/cesa-conductive-additives
See our extensive library of resources about our growing company.
Overview of how Avient serves wire & cable customers, highlighting both power and data cables technologies
https://www.avient.com/sites/default/files/2020-10/antimicrobial-dental-case-study.pdf
The Avient team first
collaborated with this manufacturer to define the
specific requirements for the antimicrobial additive.
Then, the team researched the best combination of
additive and carrier resin for the application.
In a relatively short time,
the Avient team was able to formulate additives that
performed well at lower LDRs.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
See
Attachment 3 for a definition and summary of special items and Attachment 7 for a summary of pro forma adjustments associated
with the Clariant Color Acquisition necessary to reflect Clariant Color adjusted results in all periods presented.
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Sales:
Color, Additives and Inks $ 581.3 $ 525.8 $ 2,401.6 $ 1,502.9
Specialty Engineered Materials 228.2 190.6 918.9 708.8
Distribution 425.0 305.1 1,630.9 1,110.3
Corporate and eliminations (33.0) (24.5) (132.6) (79.9)
Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1
Gross margin:
Color, Additives and Inks $ 164.5 $ 164.3 $ 727.5 $ 484.4
Specialty Engineered Materials 60.0 59.1 257.4 207.6
Distribution 36.5 32.4 155.8 124.0
Corporate and eliminations (7.9) (2.9) (41.1) (31.7)
Gross margin $ 253.1 $ 252.9 $ 1,099.6 $ 784.3
Selling and administrative expense:
Color, Additives and Inks $ 103.3 $ 106.8 $ 424.4 $ 303.6
Specialty Engineered Materials 31.2 28.7 125.4 113.2
Distribution 14.8 14.4 62.6 54.5
Corporate and eliminations 29.8 38.0 106.0 123.7
Selling and administrative expense $ 179.1 $ 187.9 $ 718.4 $ 595.0
Operating income:
Color, Additives and Inks $ 61.2 $ 57.5 $ 303.1 $ 180.8
Specialty Engineered Materials 28.8 30.4 132.0 94.4
Distribution 21.7 18.0 93.2 69.5
Corporate and eliminations (37.7) (40.9) (147.1) (155.4)
Operating income $ 74.0 $ 65.0 $ 381.2 $ 189.3
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.
See Attachment 3 for a definition and summary of special items.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
See Attachment 3 for a definition and summary of special items and Attachment 7 for a summary of pro forma adjustments
associated with the Clariant MB Acquisition necessary to reflect Clariant MB adjusted results in all periods presented.
Three Months Ended
Year Ended
Sales:
Color, Additives and Inks $ 525.8 $ 226.7 $ 1,502.9 $ 1,003.8
Specialty Engineered Materials 190.6 177.5 708.8 745.7
Distribution 305.1 272.4 1,110.3 1,192.2
Corporate and eliminations (24.5) (18.0) (79.9) (79.0)
Sales $ 997.0 $ 658.6 $ 3,242.1 $ 2,862.7
Gross margin:
Color, Additives and Inks $ 164.3 $ 73.9 $ 484.4 $ 338.4
Specialty Engineered Materials 59.1 47.7 207.6 200.2
Distribution 32.4 31.0 124.0 132.1
Corporate and eliminations (2.9) 0.7 (31.7) (13.5)
Gross margin $ 252.9 $ 153.3 $ 784.3 $ 657.2
Selling and administrative expense:
Color, Additives and Inks $ 106.8 $ 46.7 $ 303.6 $ 191.0
Specialty Engineered Materials 28.7 28.9 113.2 116.5
Distribution 14.4 14.0 54.5 56.7
Corporate and eliminations 38.0 43.2 123.7 136.2
Selling and administrative expense $ 187.9 $ 132.8 $ 595.0 $ 500.4
Operating income:
Color, Additives and Inks $ 57.5 $ 27.2 $ 180.8 $ 147.4
Specialty Engineered Materials 30.4 18.8 94.4 83.7
Distribution 18.0 17.0 69.5 75.4
Corporate and eliminations (40.9) (42.5) (155.4) (149.7)
Operating income $ 65.0 $ 20.5 $ 189.3 $ 156.8
11
Attachment 7
Reconciliation of Non-GAAP Financial Measures (Unaudited)
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.
See Attachment 3 for a definition and
summary of special items.