https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
Ashish Khandpur, President and Chief Executive Officer, Avient Corporation.
About Avient Avient Corporation (NYSE: AVNT) provides specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
Three Months Ended March 31, 2024 2023 Sales: Color, Additives and Inks $ 515.3 $ 537.0 Specialty Engineered Materials 314.4 309.7 Corporate (0.7) (1.0) Sales $ 829.0 $ 845.7 Gross margin: Color, Additives and Inks $ 171.2 $ 162.0 Specialty Engineered Materials 107.0 93.9 Corporate — (8.3) Gross margin $ 278.2 $ 247.6 Selling and administrative expense: Color, Additives and Inks $ 96.4 $ 96.4 Specialty Engineered Materials 53.6 50.8 Corporate 34.2 43.3 Selling and administrative expense $ 184.2 $ 190.5 Operating income: Color, Additives and Inks $ 74.8 $ 65.6 Specialty Engineered Materials 53.4 43.1 Corporate (34.2) (51.6) Operating income $ 94.0 $ 57.1 Depreciation & amortization: Color, Additives and Inks $ 21.9 $ 25.8 Specialty Engineered Materials 19.6 21.2 Corporate 2.8 3.5 Depreciation & amortization $ 44.3 $ 50.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 96.7 $ 91.4 Specialty Engineered Materials 73.0 64.3 Corporate (31.4) (48.1) Other (expense) income, net (0.9) 0.7 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 12 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.
https://www.avient.com/products/polymer-colorants/colorant-dispersions
Custom Pre-Colored Specialty Engineered Formulations
Protective Materials
Specialty Additive Dispersions
https://www.avient.com/industries/transportation/trucking/trucking-structural-components
Composite materials offer exactly these advantages for trucking industry designers and engineers.
OnForce™ LFT long fiber materials
Long fiber composite materials
https://www.avient.com/news/avient-supports-cleaner-environment-aepw’s-all-together-global-cleanup
We are encouraging all Avient employees, partners and individuals to participate and spread the word about All Together Global Cleanup,” said Walter Ripple, vice president of Sustainability at Avient.
NOTE: On July 1, 2020, PolyOne and Clariant Masterbatch joined together as Avient, a new kind of materials company focused on conquering customer challenges and unlocking the potential for innovation and sustainability around the globe.
About Avient
Avient Corporation (NYSE: AVNT), with 2019 pro forma revenues of $4 billion, provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
https://www.avient.com/news/avient-showcase-innovative-polymer-solutions-wire-and-cable-industry-wire-d-sseldorf-2024
DÜSSELDORF, Germany – April 8, 2024 – Avient Corporation, a premier provider of specialized and sustainable materials solutions and services, will showcase its range of specialty solutions for wire and cable applications next week at Wire Düsseldorf, the world's leading trade fair for the wire and cable industry, held from April 15-19.
Engineered Polymers:
Engineered Fibers and Yarns:
https://www.avient.com/products/polymer-colorants/liquid-color-concentrates/colormatrix-optica-specialty-toners-pc
Avient’s ColorMatrix™ Optica™ Specialty Toners for PC is the cutting-edge liquid toner for PC resins on the market.
Browse and download our literature to learn more about Avient solutions and services.
Specialty toner for PC materials for premium surface finish, color consistency and better cost effectiveness
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Avient’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of Avient and each business segment and to allocate resources.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
Three Months Ended March 31, 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 $ 20.8 $ 0.23 Special items, after-tax 5.5 0.06 22.3 0.24 Amortization expense, after-tax 14.9 0.16 15.1 0.16 Adjusted net income / EPS $ 69.8 $ 0.76 $ 58.2 $ 0.63 Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 Net income from continuing operations – GAAP $ 49.7 $ 21.3 Income tax expense 16.8 7.7 Interest expense, net 26.6 28.8 Depreciation and amortization 44.3 50.5 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales 17.3 % 15.8 % 1 Three Months Ended March 31, 2024 2023 Sales: Color, Additives and Inks $ 515.3 $ 537.0 Specialty Engineered Materials 314.4 309.7 Corporate (0.7) (1.0) Sales $ 829.0 $ 845.7 Operating income: Color, Additives and Inks $ 74.8 $ 65.6 Specialty Engineered Materials 53.4 43.1 Corporate (34.2) (51.6) Operating income $ 94.0 $ 57.1 Depreciation & amortization: Color, Additives and Inks $ 21.9 $ 25.8 Specialty Engineered Materials 19.6 21.2 Corporate 2.8 3.5 Depreciation & amortization $ 44.3 $ 50.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 96.7 $ 91.4 Specialty Engineered Materials 73.0 64.3 Corporate (31.4) (48.1) Other (expense) income, net (0.9) 0.7 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales: Color, Additives and Inks 18.8 % 17.0 % Specialty Engineered Materials 23.2 % 20.8 % 2 Year Ended December 31, 2023 Sales: Color, Additives and Inks $ 2,007.4 Specialty Engineered Materials 1,138.2 Corporate (2.8) Sales $ 3,142.8 Operating income: Color, Additives and Inks $ 259.9 Specialty Engineered Materials 142.5 Corporate (205.6) Operating income $ 196.8 Depreciation & amortization: Color, Additives and Inks $ 98.3 Specialty Engineered Materials 81.5 Corporate 9.0 Depreciation & amortization $ 188.8 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 358.2 Specialty Engineered Materials 224.0 Corporate (196.6) Other income, net 5.8 EBITDA from continuing operations 391.4 Special items, before tax 114.6 Interest expense included in special items (2.3) Depreciation and amortization included in special items (1.9) Adjusted EBITDA $ 501.8 3 AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP.pdf Avient corporation�first quarter 2024 results and 2024 financial guidance DISCLAIMER Slide Number 3 Regional demand trends-total company�Q1 Sales vs PY (Excluding FX) Slide Number 5 Slide Number 6 Slide Number 7 Slide Number 8 Slide Number 9 Slide Number 10 Slide Number 11 Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Slide Number 16 Slide Number 17 2023 segment, end market and Geography Color, Additives & Inks Specialty Engineered Materials Slide Number 21 IR Deck - AVNT-2024.03.31 5.06 11AM v2 (002).pdf Attachment
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Dr. Ashish K. Khandpur.pdf
Khandpur is President and Chief Executive Officer at Avient Corporation, an innovator of materials solutions that help customers succeed while enabling a sustainable world.
Khandpur joined Avient in December 2023.
Khandpur holds a Bachelor’s of Technology degree in Chemical Engineering from the Indian Institute of Technology, Delhi and a Ph.D in Chemical Engineering from the University of Minnesota.
https://www.avient.com/sites/default/files/2025-05/2024 Avient Executive Bios_Dr. Ashish K. Khandpurv3.pdf
Khandpur is Chairman, President and Chief Executive Officer at Avient Corporation, an innovator of materials solutions that help customers succeed while enabling a sustainable world.
Khandpur joined Avient in December 2023.
Khandpur holds a Bachelor’s of Technology degree in Chemical Engineering from the Indian Institute of Technology, Delhi and a Ph.D in Chemical Engineering from the University of Minnesota.
https://www.avient.com/news/alliqua-biomedical-relies-polyone’s-resilience-hc-housings-stand-disinfectants
They gave us immediate access to material, engineering, and processing expertise, making our converter comfortable with molding rigid vinyl.
About PolyOne
PolyOne Corporation, with 2016 revenues of $3.3 billion, is a premier provider of specialized polymer materials, services and solutions.
Avient Announces Quarterly Dividend...