https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
They use words such as “will,” “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection
with any discussion of future operating or financial condition, performance and/or sales.
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.
In addition, operating income before the effect of
special items is a component of Avient annual and long-term employee incentive plans and is used in debt covenant
computations.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
We used the incremental cash to pay down debt in
December and ended the year with net debt to adjusted EBITDA leverage of 2.9x, below prior
guidance of 3.1x.”
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial
measures.
In addition, operating income before the effect of special items is
a component of Avient annual and long-term employee incentive plans and is used in debt covenant computations.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
Conference
call participants in the question and answer session should pre-register using the link at
avient.com/investors, or here, to receive the dial-in numbers and personal PIN.
Avient's chief operating decision maker uses these financial measures to
monitor and evaluate the ongoing performance of the Company and each business segment
and to allocate resources.
In addition, operating income before the effect of
special items is a component of Avient's annual incentive plans and is used in debt covenant computations.
https://www.avient.com/sites/default/files/2025-05/Avient Announces First Quarter 2025 Results_0.pdf
Conference call participants in the question and answer session should pre-register using the
link at avient.com/investors, or here, to receive the dial-in number and personal PIN.
Avient's chief
operating decision maker uses these financial measures to monitor and evaluate the ongoing
performance of the Company and each business segment and to allocate resources.
In addition, operating income before the effect of special items is a component of Avient's annual
incentive plans and is used in debt covenant computations.
https://www.avient.com/news/polyone-announces-second-quarter-2014-results
While our second quarter is seasonally our strongest, we expect to deliver strong year-over-year double-digit EPS expansion for the balance of 2014.
Net cash provided (used) by operating activities
Net cash used by investing activities
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Lastly, our design capabilities ensure that the
application is designed perfectly for the specific end use.
Senior management also uses 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.
The presentation of these measures may be different from non-GAAP financial measures used by other companies.
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
Our best full year forecast using present information is an adjusted
EBITDA range of $540 to $570 million and adjusted EPS range of $2.70 to $2.94.
Conference call participants in the question and answer session should pre-register using the
link at avient.com/investors, or here, to receive the dial-in number and personal PIN.
In addition, operating income before the effect of special items is a component of Avient's annual
incentive plans and is used in debt covenant computations.
https://www.avient.com/sites/default/files/2024-10/Avient Announces Third Quarter 2024 Results.pdf
Conference call participants in the question and answer session should pre-register using the
link at avient.com/investors, or here, to receive the dial-in numbers and personal PIN.
Avient's chief operating
decision maker uses these financial measures to monitor and evaluate the ongoing
performance of the Company and each business segment and to allocate resources.
In addition, operating income before the effect of
special items is a component of Avient's annual incentive plans and is used in debt covenant computations.
https://www.avient.com/sites/default/files/2024-10/Terms%26Conditions - Brazil English %26 Portuguese.pdf
Seller has based any recommendations to
Buyer for the use of the Product upon
information that Seller considers reliable,
but Seller makes no warranty as to any
results Buyer might obtain in Buyer’s
use(s) for the Product.
The performance of
the Product depends on their correct use,
handling and conditioning.
The parties elect the
Courts of the district of São Paulo, State of
São Paulo to resolve any disputes relating to
these General Terms and Conditions, to the
exclusion of any other, no matter how
privileged.
17.
https://www.avient.com/knowledge-base/article/what-s-difference-fillers-reinforcements
Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing
Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive.
Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.