https://www.avient.com/investor-center/news/polyone-declares-quarterly-dividend-increase-30-announces-three-year-dividend-increase-plan
With the structural improvements in our portfolio and increased confidence in our future earnings growth, we are pleased to announce this latest increase, which is our largest ever.
In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
View original content with multimedia:http://www.prnewswire.com/news-releases/polyone-declares-quarterly-dividend-increase-of-30-announces-three-year-dividend-increase-plan-300536115.html
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
AVNT-2022.03.31-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces First Quarter 2022 Results in Connection with
Announcement to Acquire DSM Protective Materials (Dyneema®)
• First quarter sales grew to $1.3 billion, an 11% increase over the prior year
• GAAP EPS increased to $0.91 from $0.86 in the prior year first quarter
• Adjusted EPS increased 11% to $0.99 compared to $0.89 in the prior year first quarter,
exceeding first quarter guidance of $0.95
• Second quarter adjusted EPS guidance of $0.92 introduced with full year adjusted EPS
expectation maintained at $3.50 (excluding the impact of the acquisition)
• Full year free cash flow now expected to approximate $285 million, an increase of $35
million from prior estimates
CLEVELAND – April 20, 2022 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable material solutions, today announced its first quarter 2022 results.
https://www.avient.com/investors
https://edge.media-server.com/mmc/p/edkwvu9r
https://edge.media-server.com/mmc/p/edkwvu9r
https://www.avient.com/investors
https://www.avient.com/
3
Forward-looking Statements
In this press release, statements that are not reported financial results or other historical
information are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995.
Three Months Ended
March 31,
2022 2021
Sales:
Color, Additives and Inks $ 649.5 $ 609.3
Specialty Engineered Materials 244.7 216.5
Distribution 432.9 362.7
Corporate and eliminations (33.3) (26.2)
Sales $ 1,293.8 $ 1,162.3
Gross margin:
Color, Additives and Inks $ 192.1 $ 197.5
Specialty Engineered Materials 69.8 64.7
Distribution 39.3 39.3
Corporate and eliminations (7.5) 0.9
Gross margin $ 293.7 $ 302.4
Selling and administrative expense:
Color, Additives and Inks $ 97.6 $ 108.7
Specialty Engineered Materials 30.1 30.5
Distribution 15.1 15.3
Corporate and eliminations 22.3 27.5
Selling and administrative expense $ 165.1 $ 182.0
Operating income:
Color, Additives and Inks $ 94.5 $ 88.8
Specialty Engineered Materials 39.7 34.2
Distribution 24.2 24.0
Corporate and eliminations (29.8) (26.6)
Operating income $ 128.6 $ 120.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 120.5 $ 116.2
Specialty Engineered Materials 47.5 42.0
Distribution 24.4 24.2
Corporate and eliminations (26.0) (24.9)
Other income, net (0.6) 1.5
EBITDA $ 165.8 $ 159.0
11
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/resource-center?document_type=0&form_build_id=form-UG1SadN_IzwjaEoNv2mxi93WqDtETQ5gclbi1PCnUm0&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=80&product_name=0&product_subfamily=0&page=0
Hammerhead™ FR flame retardant composite panels provide a smarter, more efficient, and cost-effective solution for modular construction by integrating fire resistance, reducing weight, and simplifying installation.
Application and installation guide for comparison data, application guidance, and tips for installation
https://www.avient.com/resource-center?document_type=0&industry=0&product_family=80&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-UG1SadN_IzwjaEoNv2mxi93WqDtETQ5gclbi1PCnUm0&form_id=resource_filter_form&page=0
Hammerhead™ FR flame retardant composite panels provide a smarter, more efficient, and cost-effective solution for modular construction by integrating fire resistance, reducing weight, and simplifying installation.
Application and installation guide for comparison data, application guidance, and tips for installation
https://www.avient.com/products/advanced-composites/composite-ballistic-protection/thermoballistic-thermoplastic-panels
GlasArmor™ and ThermoBallistic™ Selection & Installation Guide
GlasArmor™ and ThermoBallistic™ Selection & Installation Guide
GlasArmor™ and ThermoBallistic™ Ballistic Panels - Product Selection and Install Guide
https://www.avient.com/news/polyone-launches-new-textile-printing-technology-china-wilflex-epic-rio-non-phthalate-ink-mixing-system
The EPIC Rio system is designed using the latest pigment technology and formulated for optimum color strength, wet-on-wet printing and low temperature cure.
Epic™ RIO is the latest ink system initiative, driven by market need for the latest pigment technology into formulations having excellent color strength.
https://www.avient.com/news/new-lsfoh-formulation-avient-helps-prevent-environmental-stress-cracking-armored-cables
Stress cracking can occur when cables are installed under a high tensile stress, such as when bent around a radius or installed underground.
The new ECCOH 5983 Formulation can help prevent stress cracking in armored cables installed in environments with high-temperature variations by offering high tear strength and elongation at break over a temperature range from -25°C to 90°C.
https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
McHenry, Illinois
7.
Alicante, Spain 7.
La Porte, Texas 7.
https://www.avient.com/news/dyneema-and-point-blank-deliver-1-million-alpha-elite-armor-systems-protect-us-law-enforcement
To learn more and see the latest in protective armor solutions, visit the Dyneema® (7-761) and Point Blank (7-129) booths at the upcoming EnforceTac tradeshow on February 26-28 in Nurnberg, Germany.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
News Release - AVNT-2023.12.31-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Fourth Quarter and Full Year 2023 Results
• Fourth quarter and full year GAAP EPS of $0.30 and $0.83 compared to $(0.19) and
$0.90 from continuing operations in the prior year
• Fourth quarter and full year adjusted EPS of $0.52 and $2.36 exceeds guidance of $0.47
and $2.30 as a result of favorable sales as well as lower net interest expense
• Fourth quarter adjusted EPS increased 24% over the prior year pro forma adjusted EPS
primarily driven by improved margins from positive portfolio mix, raw material deflation
and cost reduction actions
• 2024 full year adjusted EPS expected to range from $2.40 to $2.65 as destocking comes
to an end and underlying demand starts to improve
CLEVELAND – February 14, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable materials solutions, today announced its fourth quarter and full year
results for 2023.
See Attachment 3 for a definition and summary of special items and Attachment 7 for a summary of pro forma adjustments
associated with the APM Acquisition.
NEWS RELEASE
Attachment 1