https://www.avient.com/news/high-temperature-comptek-medical-grade-formulations-polyone-now-available-north-america
Our expertise in polymer science enables us to develop formulations with unique colors, with excellent levels of transparency or opacity, and with superior mechanical properties.”
The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.
https://www.avient.com/news/polyone-recognized-among-northcoast-99-best-workplaces
This award is a great reflection of our dedicated PolyOne associates, innovative culture and drive for excellence in all that we do,” said Robert M.
The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.
https://www.avient.com/news/reduce-material-costs-and-improve-processing-new-foaming-fluoropolymer-wire-insulation-technology
Thermal Stability: Excellent heat resistance from 340 - 380°C supports effective homogenization of the foaming agent with high-performance polymers
The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.
https://www.avient.com/news/see-leds-brand-new-light-polyone-ultratuf-led-light-diffusing-sheet-cuts-hot-spots-improves-design-freedom
CLEVELAND – PolyOne today announced the launch of UltraTuf™ LED, a premium light diffusing sheet that combines excellent light transmission and diffusion properties with toughness, chemical resistance and improved design flexibility.
The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.
https://www.avient.com/knowledge-base/case-study/medical-hose-manufacturer-boosts-productivity-specialized-material?ind[]=6598
The hose manufacturer decided to explore other material options that would meet requirements such as excellent colorability, good surface appearance, high flow for optimal productivity, and of course, compliance with U.S.
In addition to its excellent colorability and high flow, the Versalloy solution possessed a lower specific gravity and resulted in lower scrap rates compared to the competitive TPV, providing the opportunity to reduce system costs.
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-pvdf-colorants
Excellent Pigment Dispersion
Colorant Chromatics™ colorants for PVDF offer excellent pigment dispersion and consistent color quality for extrusion and injection molding applications.
https://www.avient.com/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-amosorb-4020l
The oxygen-scavenging additive allows for Let-Down-Ratio (LDR) dosages that will provide long-lasting shelf life together with very good bottle aesthetics and excellent recyclability.
Excellent bottle aesthetics at any LDR
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Q1 2023
(TOTAL COMPANY)
$846 $829
$134
$143
17.3%
(in millions)
$0.63
$0.76
Adjusted EPS
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
6
- 2%
15.8%
+150 bps
Q1 2024 SEGMENT PERFORMANCE
(COLORS, ADDITIVES & INKS)
$537
$515
$91
$97
18.8%
(in millions) (in millions)
+ 7%
7
- 4%
17.0%
+180 bps
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
(SPECIALTY ENGINEERED MATERIALS)
$310
$314
$64
$73
23.2%
(in millions) (in millions)
+ 14%
8
+ 1%
20.8%
+240 bps
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
(TOTAL COMPANY)
9
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2024 G U I DAN CE
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
11
Q2 2024: Adjusted EPS of $0.71
CE O “ TO P O F MI N D”
FO CU S ARE AS
AREAS OF FOCUS
13
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
AP P E N DI X
16
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
18
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 BILLION
34%
37%
21%
END MARKET REGION
19
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 BILLION
52%
35%
20
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
21
BY END MARKET
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
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/sustainability-report/products
Product Stewardship & Global Chemical Management + Product Excellence
Product Stewardship & Global Chemical Management + Product Excellence
https://www.avient.com/news/archives?page=13
Avient Attains ACC Responsible Care® 14001 Global Certification for Environmental, Health, Safety, and Security Excellence
New Renol™ Black Colorants Deep Black provide intense black shades with excellent light fastness to polyester textiles.