https://www.avient.com/resources/safety-data-sheets?page=6944
WHITE COLOR FOR PP CAP
https://www.avient.com/resources/safety-data-sheets?page=3395
BLUE COLOR FOR WATER CONTAINER
https://www.avient.com/resources/safety-data-sheets?page=3929
BLUE COLOR FOR HIPS (CAP)
https://www.avient.com/resources/safety-data-sheets?page=3926
GRAY COLOR FOR WATER
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Senior Vice
President and General Manager, Specialty Color, Additives and Inks, July 2006 to January 2010.
In July 2015, the FASB issued Accounting Standards Update 2015-11, Inventory (Topic 300): Simplifying the
Measurement of Inventory (ASU 2015-11), which applies to inventory measured using first-in, first out (FIFO) or
average cost.
Inventories
External purchases of raw materials and finished goods are valued at weighted average cost.
https://www.avient.com/news/specialty-and-sustainable-materials-packaging-be-showcased-avient-propak-vietnam-2024
Manufactures and consumers are increasingly demanding better recyclability efforts from the packaging industry,” said Say-Eng Lee, Vice President and General Manager, Color & Additives Asia for Avient.
PCR Color Prediction Service: a digital tool that can illustrate the color possibilities or limitations of certain types of recycled resins (PCR) prior to laboratory trials, which can help simplify the overall color decision-making process during product development and launch
Media Contact
Jennifer Huang
Senior Manager, Marketing Communications Asia
+86 21 6028 4888
jennifer.huang@avient.com
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
Management believes
this provides comparability of the performance of the combined businesses.
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.
EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses
in evaluating operating performance.
https://www.avient.com/news/high-temperature-comptek-medical-grade-formulations-polyone-now-available-north-america
Adding these materials to our North American portfolio enables us to foster innovation for our global healthcare customers,” says Barto Du Plessis, vice president PolyOne Asia, and general manager, Colorant Chromatics at PolyOne.
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.”
Michelle Maniscalco
Senior Manager, Marketing Communications
PolyOne Corporation
+1 440-930-1988
michelle.maniscalco@avient.com
https://www.avient.com/investor-center/news/polyone-appoints-giuseppe-di-salvo-vice-president-investor-relations-justin-m-hess-vice-president-corporate-controller
worked as an assurance senior manager for
He joined the company in 2010 and has since advanced through progressively increasing roles of global responsibility, including external reporting manager; assistant corporate controller; finance director for Color, Additives and Inks; and finance director for
he served as audit manager at
https://www.avient.com/sites/default/files/2024-08/AVNT Second Quarter Earnings Press Release.pdf
Consolidated sales expanded for
the first time in seven quarters with contributions from both our Color, Additives and Inks, and
Specialty Engineered Materials segments.
Management excludes intangible asset amortization from adjusted EPS as it believes excluding
acquired intangible asset amortization is a useful measure of current period earnings per share.
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Sales:
Color, Additives and Inks $ 542.0 $ 524.5 $ 1,057.3 $ 1,061.5
Specialty Engineered Materials 308.1 300.8 622.5 610.5
Corporate (0.4) (0.9) (1.1) (1.9)
Sales $ 849.7 $ 824.4 $ 1,678.7 $ 1,670.1
Gross margin:
Color, Additives and Inks $ 184.5 $ 164.1 $ 355.7 $ 326.1
Specialty Engineered Materials 94.7 91.5 201.7 185.4
Corporate (21.6) (14.9) (21.6) (23.2)
Gross margin $ 257.6 $ 240.7 $ 535.8 $ 488.3
Selling and administrative expense:
Color, Additives and Inks $ 98.4 $ 96.1 $ 194.8 $ 192.5
Specialty Engineered Materials 51.9 51.8 105.5 102.6
Corporate 34.8 30.5 69.0 73.8
Selling and administrative expense $ 185.1 $ 178.4 $ 369.3 $ 368.9
Operating income:
Color, Additives and Inks $ 86.1 $ 68.0 $ 160.9 $ 133.6
Specialty Engineered Materials 42.8 39.7 96.2 82.8
Corporate (56.4) (45.4) (90.6) (97.0)
Operating income $ 72.5 $ 62.3 $ 166.5 $ 119.4
Depreciation & amortization:
Color, Additives and Inks $ 21.8 $ 25.7 $ 43.7 $ 51.5
Specialty Engineered Materials 20.8 19.9 40.4 41.1
Corporate 2.3 2.0 5.1 5.5
Depreciation & amortization $ 44.9 $ 47.6 $ 89.2 $ 98.1
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 107.9 $ 93.7 $ 204.6 $ 185.1
Specialty Engineered Materials 63.6 59.6 136.6 123.9
Corporate (54.1) (43.4) (85.5) (91.5)
Other (expense) income, net (0.9) (0.2) (1.8) 0.5
EBITDA from continuing operations $ 116.5 $ 109.7 $ 253.9 $ 218.0
Special items, before tax 28.1 21.7 34.3 49.0
Interest expense included in special items (1.0) — (1.0) —
Depreciation & amortization included in special items (0.3) (0.1) (0.8) (1.9)
Adjusted EBITDA $ 143.3 $ 131.3 $ 286.4 $ 265.1
13
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.