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.
Patterson, Chairman, President and Chief Executive Officer, Avient Corporation.
The non-GAAP financial measures include: adjusted EPS and free cash flow.
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PET grade flexibility
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https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
AVNT-2021.03.31-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Record First Quarter 2021 Results;
Increases Full Year Guidance
• Organic revenues increased 17% to $1.16 billion driven by strong demand across all
segments, with the most significant growth in healthcare and consumer end markets
• GAAP EPS from continuing operations of $0.86 compared to $0.38 in the prior year quarter
• Adjusted EPS from continuing operations of $0.89 expanded 68% over the prior year of
$0.53 with all segments achieving record operating income
• Full year adjusted EPS guidance for 2021 increased from $2.40 to $2.80 representing 45%
growth over the prior year of $1.93.
Patterson added, “We are an asset-light, high-touch business that generates very high free
cash flow conversion.
Rose
Vice President, Corporate Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
mailto:giuseppe.disalvo@avient.com
mailto:kyle.rose@avient.com
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
Three Months Ended
Sales $ 1,162.3 $ 711.5
Operating Income 120.4 52.8
Net income from continuing operations attributable to Avient shareholders 79.3 33.1
Basic earnings per share from continuing operations attributable to Avient shareholders $ 0.87 $ 0.38
Diluted earnings per share from continuing operations attributable to Avient shareholders $ 0.86 $ 0.38
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/company/sustainability/planet/alliances-partnerships
It’s in equipment that helps save lives, keeps food safe from spoilage, lowers the use of fossil fuels, and makes alternative energy possible.
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Avient Quality Policy
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https://www.avient.com/investor-center/news/polyone-appoints-james-n-sloan-vice-president-treasurer
He holds a bachelor's degree in Accountancy from The
We are extremely pleased that James will now be contributing in this expanded role, and we thank Scott for all his past contributions and wish him continued success as he pursues his career goals as a CFO."
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