https://www.avient.com/products/polymer-additives/visual-enhancement-effects/cesa-mat-additives
See our extensive library of resources about our growing company.
Learn how molded-in color can offer the same eye-popping effects of paint at a greater efficiency and lower cost
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-process-additives
See our extensive library of resources about our growing company.
Overview of how Avient serves wire & cable customers, highlighting both power and data cables technologies
https://www.avient.com/products/printing-and-marking-inks/colorant-chromatics-lnd-coatings
See our extensive library of resources about our growing company.
Explore Colorant Chromatics's broad portfolio, markets and applications, and how Avient can provide the highest levels of service (English language version).
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-dry-additives
See our extensive library of resources about our growing company.
Sync design with manufacturability: Learn about how Avient Design can help simplify your new product development process
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
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.
Three Months Ended
December 31,
Year Ended
December 31,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 490.8 $ 581.3 $ 2,355.0 $ 2,401.6
Specialty Engineered Materials 300.8 226.3 1,044.4 911.6
Corporate (1.2) (0.5) (2.5) 2.3
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Gross margin:
Color, Additives and Inks $ 134.5 $ 164.5 $ 681.3 $ 727.5
Specialty Engineered Materials 82.4 58.3 283.7 250.9
Corporate (44.9) (6.2) (82.3) (34.6)
Gross margin $ 172.0 $ 216.6 $ 882.7 $ 943.8
Selling and administrative expense:
Color, Additives and Inks $ 90.2 $ 103.3 $ 380.3 $ 424.4
Specialty Engineered Materials 47.2 31.2 143.6 125.4
Corporate 34.2 31.9 115.5 114.3
Selling and administrative expense $ 171.6 $ 166.4 $ 639.4 $ 664.1
Operating income:
Color, Additives and Inks $ 44.3 $ 61.2 $ 301.0 $ 303.1
Specialty Engineered Materials 35.2 27.1 140.1 125.5
Corporate (79.1) (38.1) (197.8) (148.9)
Operating income $ 0.4 $ 50.2 $ 243.3 $ 279.7
14
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.
See Attachment 3 for a definition and summary of special items.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
See Attachment 3 for a definition and summary of special items.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 565.6 $ 586.6 $ 1,864.2 $ 1,820.3
Specialty Engineered Materials 258.2 231.7 743.6 685.3
Corporate and eliminations (0.5) (0.3) (1.3) 2.9
Sales $ 823.3 $ 818.0 $ 2,606.5 $ 2,508.5
Gross margin:
Color, Additives and Inks $ 161.3 $ 172.1 $ 546.8 $ 563.0
Specialty Engineered Materials 66.9 61.4 201.3 192.6
Corporate and eliminations (32.8) (17.9) (37.4) (28.3)
Gross margin $ 195.4 $ 215.6 $ 710.7 $ 727.3
Selling and administrative expense:
Color, Additives and Inks $ 92.7 $ 105.3 $ 290.1 $ 321.1
Specialty Engineered Materials 35.5 31.4 96.4 94.2
Corporate and eliminations 26.6 26.1 81.3 82.4
Selling and administrative expense $ 154.8 $ 162.8 $ 467.8 $ 497.7
Operating income:
Color, Additives and Inks $ 68.6 $ 66.8 $ 256.7 $ 241.9
Specialty Engineered Materials 31.4 30.0 104.9 98.4
Corporate and eliminations (59.4) (44.0) (118.7) (110.7)
Operating income $ 40.6 $ 52.8 $ 242.9 $ 229.6
Depreciation & amortization:
Color, Additives and Inks $ 24.2 $ 26.6 $ 76.1 $ 79.2
Specialty Engineered Materials 12.9 7.9 28.4 23.8
Corporate and eliminations 2.7 2.1 9.2 4.1
Depreciation & Amortization $ 39.8 $ 36.6 $ 113.7 $ 107.1
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 92.8 $ 93.4 $ 332.8 $ 321.1
Specialty Engineered Materials 44.3 37.9 133.3 122.2
Corporate and eliminations (56.7) (41.9) (109.5) (106.6)
Other (expense) income, net (32.3) 1.6 (31.3) 4.3
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
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.
See Attachment 3 for a definition and summary of special items.
https://www.avient.com/knowledge-base/article/why-three-party-collaboration-leads-bottle-manufacturing-success?rtype[]=1164
The blow molding team then spends time optimizing energy levels, material distribution, and blow speeds, which is why producing a sufficient number of preforms is crucial.
When brands and preform manufacturers incorporate blow molding process aids, however, they can see several significant benefits:
https://www.avient.com/knowledge-base/article/why-three-party-collaboration-leads-bottle-manufacturing-success?sust[]=1133
The blow molding team then spends time optimizing energy levels, material distribution, and blow speeds, which is why producing a sufficient number of preforms is crucial.
When brands and preform manufacturers incorporate blow molding process aids, however, they can see several significant benefits:
https://www.avient.com/sites/default/files/2022-08/Humotech Robotic Prosthetic Case Study.pdf
They looked to the engineering team
at Avient for material selection and manufacturing
guidance.
Together, the collaborative team evaluated
various Gordon Composites™ spring materials and
configurations, trialing different lengths, thicknesses
and fiberglass-to-resin ratios to achieve the required
properties.
Avient’s team of engineers was very helpful in
determining the right materials and refining our
manufacturing process,” said Josh Caputo, president
and CEO of Humotech.
https://www.avient.com/sites/default/files/2020-09/bettcher-case-study-1.pdf
THE SOLUTION
Avient proactively worked with Bettcher’s product
development team to fully understand the yoke
specifications to help ensure end-product quality would
remain unparalleled in the market.
Avient’s team also provided hands-on design
recommendations to minimize knit line concerns and
address structural requirements.
Avient’s team helped mitigate that risk
through education, advanced testing and technical
expertise.