https://www.avient.com/products/polymer-additives/additive-dispersions
Choose from existing product lines or work with our technical experts to develop custom formulations that meet your application requirements.
Kevlar® Distribution Program
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches
Kevlar® Distribution Program
ColorMatrix Select can speed your product development cycle
https://www.avient.com/products/polymer-additives/reheat-additives-pet
Kevlar® Distribution Program
ColorMatrix Select can speed your product development cycle
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
Program Bulletin – Thermoplastic Composite Innovation Cell
https://www.avient.com/company/sustainability/sustainability-report/reporting/sasb
Discussion of strategy to (1) manage chemicals of concern and (2) develop alternatives with reduced human and/or environmental impact
We continue to actively monitor the developing regulatory activities at state, national and global levels with respect to per and poly-fluoroalkyl substances (PFAS).
https://www.avient.com/center-of-excellence/avient-us-and-canada
Our numerous facilities in the region include a network of Innovation Centers, where you can collaborate with our experts and develop new products for whatever industry you serve.
We’re ready to work with you early in the product development cycle to deliver a better end result that drives your profitability and success.
https://www.avient.com/sites/default/files/2023-08/Avient General Purchase Conditions.pdf
Compliance with Laws and Avient
Supplier Code of Conduct
12.1 Avient is a member of two supply chain
security programs: U.S.
Additional
information is available at
https://www.cbp.gov/trade/trade-
community/programs-outreach/convict-
importations
12.10 Supplier shall responsibly source
tantalum, tin, tungsten and gold or their
derivatives (3TG metals) to ensure that the
Goods supplied to Avient do not directly or
indirectly finance or benefit armed groups in the
Democratic Republic of the Congo or an
adjoining country (the “Covered Countries”), and
to abide by Avient’s Policy Statement on Conflict
Minerals regarding Goods supplied to Avient.
Intellectual property rights to software not
developed explicitly for Avient or on Avient’s
instructions shall remain with Supplier and
Supplier shall grant Avient a non-exclusive, non-
transferable, irrevocable, perpetual and royalty
free license not limited to specific equipment or
location.
https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
Future developments.
For the latest information about developments
related to Form W-9 and its instructions, such as legislation enacted
after they were published, go to www.irs.gov/FormW9.
Account with the Department of
Agriculture in the name of a public
entity (such as a state or local
government, school district, or
prison) that receives agricultural
program payments
The public entity
15.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include,
but are not limited to: 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 including, without limitation, any
supply chain and logistics issues; changes in 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; our ability to achieve the
strategic and other objectives relating to the Avient Protective Materials business; an inability to
raise or sustain prices for products or services; our ability to pay regular quarterly cash dividends
and the amounts and timing of any future dividends; information systems failures and
cyberattacks; amounts for cash and non-cash charges related to restructuring plans that may
differ from original estimates, including because of timing changes associated with the underlying
actions; and other factors affecting our business beyond our control, including without limitation,
changes in the general economy, changes in interest rates, changes in the rate of inflation and
any recessionary conditions.
Three Months Ended
September 30, 2022
Three Months Ended
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net (loss) income from continuing operations attributable to Avient
shareholders $ (27.4) $ (0.30) $ 33.7 $ 0.37
Special items, after tax (Attachment 3) 68.3 0.75 11.7 0.13
Amortization expense, after-tax 13.4 0.14 $ 11.0 $ 0.11
Adjusted net income / EPS $ 54.3 $ 0.59 $ 56.4 $ 0.61
Nine Months Ended
September 30, 2022
Nine Months Ended
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 99.8 $ 1.08 $ 143.3 $ 1.56
Special items, after tax (Attachment 3) 77.9 0.85 26.0 0.28
Amortization expense, after-tax 34.9 0.38 $ 33.6 0.36
Adjusted net income / EPS $ 212.6 $ 2.31 $ 202.9 $ 2.20
8
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Sales $ 823.3 $ 818.0 $ 2,606.5 $ 2,508.5
Cost of sales 627.9 602.4 1,895.8 1,781.2
Gross margin 195.4 215.6 710.7 727.3
Selling and administrative expense 154.8 162.8 467.8 497.7
Operating income 40.6 52.8 242.9 229.6
Interest expense, net (37.3) (19.0) (70.4) (57.8)
Other (expense) income, net (32.3) 1.6 (31.3) 4.3
(Loss) income from continuing operations before income taxes (29.0) 35.4 141.2 176.1
Income tax benefit (expense) 1.2 (2.0) (41.5) (32.1)
Net (loss) income from continuing operations (27.8) 33.4 99.7 144.0
Income from discontinued operations, net of income taxes 17.1 19.2 58.8 57.7
Net (loss) income (10.7) 52.6 158.5 201.7
Net loss (income) attributable to noncontrolling interests 0.4 0.3 0.1 (0.7)
Net (loss) income attributable to Avient common shareholders $ (10.3) $ 52.9 $ 158.6 $ 201.0
(Loss) earnings per share attributable to Avient common shareholders - Basic:
Continuing operations $ (0.30) $ 0.37 $ 1.09 $ 1.57
Discontinued operations 0.19 0.21 0.65 0.63
Total $ (0.11) $ 0.58 $ 1.74 $ 2.20
(Loss) earnings per share attributable to Avient common shareholders - Diluted:
Continuing operations $ (0.30) $ 0.37 $ 1.08 $ 1.56
Discontinued operations 0.19 0.20 0.64 0.62
Total $ (0.11) $ 0.57 $ 1.72 $ 2.18
Cash dividends declared per share of common stock $ 0.2375 $ 0.2125 $ 0.7125 $ 0.6375
Weighted-average shares used to compute earnings per common share:
Basic 90.9 91.4 91.3 91.3
Diluted 90.9 92.2 92.0 92.1
9
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Cost of sales:
Restructuring costs, including accelerated depreciation $ (2.8) $ (5.3) $ (9.8) $ (8.6)
Environmental remediation costs (18.8) (9.4) (23.8) (22.4)
Reimbursement of previously incurred environmental costs 0.1 — 8.3 4.5
Acquisition related costs (10.3) (2.6) (10.3) (1.2)
Impact on cost of sales (31.8) (17.3) (35.6) (27.7)
Selling and administrative expense:
Restructuring, legal and other (0.2) — — (1.7)
Acquisition related costs (8.2) (2.7) (13.2) (7.2)
Impact on selling and administrative expense (8.4) (2.7) (13.2) (8.9)
Impact on operating income (40.2) (20.0) (48.8) (36.6)
Interest expense, net - costs related to committed financing (10.0) — (10.0) —
Mark-to-market on derivative instruments (31.8) — (30.9) —
Other — 0.1 0.1 0.1
Impact on other (expense)/income, net (31.8) 0.1 (30.8) 0.1
Impact on income from continuing operations before income taxes (82.0) (19.9) (89.6) (36.5)
Income tax benefit on above special items 20.5 4.6 22.5 8.9
Tax adjustments(2) (6.8) 3.6 (10.8) 1.6
Impact of special items on net income from continuing operations $ (68.3) $ (11.7) $ (77.9) $ (26.0)
Diluted earnings per common share impact $ (0.75) $ (0.13) $ (0.85) $ (0.28)
Weighted average shares used to compute adjusted earnings per share:
Diluted 91.6 92.2 92.0 92.1
(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/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
Factors that could cause actual results to differ materially from
those implied by these forward-looking statements include, but are not limited to: 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 including, without limitation, any supply chain and logistics issues; changes in
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; our ability to achieve strategic objectives and successfully integrate acquisitions, including
Avient Protective Materials; an inability to raise or sustain prices for products or services; our ability
to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
information systems failures and cyberattacks; amounts for cash and non-cash charges related to
restructuring plans that may differ from original estimates, including because of timing changes
associated with the underlying actions; and other factors affecting our business beyond our control,
including without limitation, changes in the general economy, changes in interest rates, changes in
the rate of inflation and any recessionary conditions.
Three Months Ended
December 31,
2022 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ (0.19) $ 11.2 $ 0.12
Special items, after tax (Attachment 3) 38.3 0.42 23.9 0.26
Amortization expense, after-tax 14.6 0.16 11.3 0.12
Adjusted net income / EPS $ 35.9 $ 0.39 $ 46.4 $ 0.50
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Year Ended
December 31,
2022 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 82.8 $ 0.90 $ 151.8 $ 1.65
Special items, after tax (Attachment 3) 116.2 1.26 50.0 0.54
Amortization expense, after-tax 49.0 0.53 44.9 0.49
Adjusted net income / EPS $ 248.0 $ 2.69 $ 246.7 $ 2.68
(1) Per share amounts may not recalculate from figures presented herein due to rounding
9
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2022 2021 2022 2021
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Cost of sales 618.4 590.5 2,514.2 2,371.7
Gross margin 172.0 216.6 882.7 943.8
Selling and administrative expense 171.6 166.4 639.4 664.1
Operating income 0.4 50.2 243.3 279.7
Interest expense, net (49.4) (17.5) (119.8) (75.2)
Other expense, net (28.4) (5.3) (59.7) (1.0)
(Loss) income from continuing operations before income taxes (77.4) 27.4 63.8 203.5
Income tax benefit (expense) 60.8 (17.1) 19.3 (51.9)
Net (loss) income from continuing operations (16.6) 10.3 83.1 151.6
Income from discontinued operations, net of income taxes 561.5 18.7 620.3 79.0
Net income 544.9 29.0 703.4 230.6
Net (income) loss attributable to noncontrolling interests (0.4) 0.9 (0.3) 0.2
Net income attributable to Avient common shareholders $ 544.5 $ 29.9 $ 703.1 $ 230.8
Earnings per share attributable to Avient common shareholders - Basic:
Continuing operations $ (0.19) $ 0.12 $ 0.91 $ 1.66
Discontinued operations 6.17 0.21 6.80 0.87
Total $ 5.98 $ 0.33 $ 7.71 $ 2.53
Earnings per share attributable to Avient common shareholders - Diluted:
Continuing operations $ (0.19) $ 0.12 $ 0.90 $ 1.65
Discontinued operations 6.17 0.20 6.73 0.86
Total $ 5.98 $ 0.32 $ 7.63 $ 2.51
Cash dividends declared per share of common stock $ 0.2475 $ 0.2375 $ 0.9600 $ 0.8750
Weighted-average shares used to compute earnings per common share:
Basic 91.0 91.5 91.2 91.4
Diluted 91.0 92.4 92.2 92.1
10
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1)
Three Months Ended
December 31,
Year Ended
December 31,
2022 2021 2022 2021
Cost of sales:
Restructuring costs, including accelerated depreciation $ (21.3) $ (6.0) $ (31.1) $ (14.6)
Environmental remediation costs (0.4) (0.5) (24.2) (22.9)
Reimbursement of previously incurred environmental costs — — 8.3 4.5
Acquisition related costs (23.8) 0.6 (34.1) (0.6)
Impact on cost of sales (45.5) (5.9) (81.1) (33.6)
Selling and administrative expense:
Restructuring, legal and other (8.3) (4.2) (8.3) (5.9)
Acquisition related costs (6.1) (1.1) (19.3) (8.3)
Impact on selling and administrative expense (14.4) (5.3) (27.6) (14.2)
Impact on operating income (59.9) (11.2) (108.7) (47.8)
Interest expense, net - committed financing and debt extinguishment (16.0) — (26.0) —
Mark-to-market on derivatives — — (30.9) —
Pension and post retirement mark-to-market adjustment and other (28.4) (9.3) (28.4) (9.3)
Impact on Other expense, net (28.4) (9.3) (59.3) (9.3)
Impact on income from continuing operations before income taxes (104.3) (20.5) (194.0) (57.1)
Income tax benefit benefit/(expense) on above special items 26.8 4.1 49.4 13.0
Tax adjustments(2) 39.2 (7.5) 28.4 (5.9)
Impact of special items on net income from continuing operations $ (38.3) $ (23.9) $ (116.2) $ (50.0)
Diluted earnings per common share impact $ (0.42) $ (0.26) $ (1.26) $ (0.54)
Weighted average shares used to compute adjusted earnings per share:
Diluted 91.7 92.4 92.2 92.1
(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