https://www.avient.com/resources/safety-data-sheets?page=3952
BLACK BLACK BLACK
https://www.avient.com/resources/safety-data-sheets?page=7007
BLACK 00A ASA BLACK W/UV PVC BLACK
https://www.avient.com/resources/safety-data-sheets?page=5678
600R JET BLACK BMU147 DX9 / BLACK AGM350 DX9 BLACK ATX-969
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. Three Months Ended June 30, Six Months Ended 2024年6月30日 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.
https://www.avient.com/sites/default/files/2025-02/Hammerhead FR Panel eBook.pdf
Able to be recycled: used panels can be shredded to produce new reinforced plastic parts using thermoplastic processes like injection molding, extrusion, and thermoforming
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
& Canada 40% 38% 17% Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS 18% 23% Building and 6%Telecommunications END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs $537M $91M $310M $64M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $134M$846M (1) 13 Q1 2023 SALES BY REGION Yo Y C H A N G E ( E X C L . National Defense budget of $842 billion submitted to Congress in Q1 2023 • European NATO members annual defense spend expected to increase by up to 20% Dyneema® is the world’s strongest fiber™ One of the highest strength to weight ratios of any material on Earth Direct relationships with industry leading armor manufacturers Resistant to most chemicals, UV, and moisture to handle any environment Avient Confidential 17 DEFENSE Source: US Department of Defense, defense.gov, NATO17 Source: TRANSPORTATION • Increased EPA regulations requiring improved fuel efficiency, enabled in part by lower-weight vehicles • Automakers preparing for 2/3 of U.S. vehicles to be 100% electric by 2032 Lightweight panels that establish both strength and stiffness resulting in decreased energy usage, lower emissions Long-lasting Color applications to resist UV exposure, temperature fluctuations and exceed the stylistic requirements of global automakers 18 $130 $530 $0.60 $2.40 2023 GUIDANCE 19 Sales Adjusted EBITDA $845 $3,400 Adjusted EPS (in millions) (in millions) CASH FLOW / LEVERAGE 20 • Maintaining free cash flow and leverage guidance from February earnings call • IT investment to further integrate acquired businesses and capture operational efficiencies • Restructuring actions to streamline operations and improve profitability, primarily in Europe ($ millions) 2023E Cash Flow from Operating Activities 350$ Less: Run-Rate CapEx (110) CapEx for IT System Upgrade (25) CapEx for Restructuring (15) Total CapEx (150) Free Cash Flow 200$ Adjusted EBITDA 530$ Net Debt / Adjusted EBITDA 2.9x LONG-TERM REVENUE GROWTH DRIVERS Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Healthcare 8–10% Composites 10% Asia / LATAM 5% Other (GDP growth) 2–3% Avient 6.5% 21 Sustainable Solutions 32% Asia / LATAM Composites Other (GDP Growth) 39% • Virtual presentation to be held 2023年9月20日 • The company will be conducting an investor-focused presentation around our sustainability solutions portfolio Avient Confidential 22 SUSTAINABILITY INVESTOR DAY 22 $340M $405M $455M $550M $790M $915M 2016 2017 2018 2019 2020PF** 2021 2022PF*** SUSTAINABILITY FOR A BETTER TOMORROW Revenue From Sustainable Solutions* 2016-2022 ($ in millions) Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12% 23 *Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”) **2020 is Pro Forma to include full year of the Clariant Color business ***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution $1,175M Lightweighting Eco-Conscious Recycle Solutions VOC Reduction Sustainable Infrastructure Human Health & Safety Reduced Energy Use Bio-polymers SUSTAINABILITY NEEDS BY MARKET B&C • Eco-Conscious • Carbon footprint • Resource conservation • Carbon footprint • Bio based content • Eco-Conscious Automotive • Light weighting • Recycled Content • VOC reduction • Recycle Solutions • Carbon Footprint Packaging • Recycle Solutions • Food waste reduction Common Theme: CO2 Emission Goals Increasing Single-Use Plastic Regulation 24 INVESTING IN INNOVATION S U S T A I N A B I L I T Y P O R T F O L I O 25 AP P EN D IX 28 RAW MATERIAL 2022 ANNUAL PURCHASES Performance Additives Pigments 12% TiO2 Dyestuffs 2% Polyethylene Nylon Polypropylene Styrenic Block Copolymer Other Raw Materials 33% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials • Cost inflation decelerating, particularly for hydrocarbon-based raw materials 2022 pro forma results for the acquisition of Avient Protective Materials SEGMENT DATA U.S. & Canada 40% 37% 18% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS 24% Building and END MARKET REVENUE $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) 9% 30 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs C O L O R , A D D I T I V E S & I N K S 2022 REVENUE | $2 .4 B ILL ION 34% 38% END MARKET REGION 31 34% 21% Building & 1% Energy 2% S P E C I A LT Y E N G I N E E R E D M AT E R I A L S 2022 PRO FORMA REVENUE | $1 .3 B ILL ION END MARKET 52% 35% REGION 32 19% 8%Industrial 9% Defense Building & 32% 27% 14% Building & 3% 1% Defense 1% (18% of sales) 9% 2022 PROFORMA AVIENT REGIONAL SALES BY END MARKET 27% 14% 17% Building & (37% of sales)Transportation 24% 12% Building & US & Canada (40% of sales) 56% 23% Building & 1% LATAM (5% of sales) 3% 33 PEER COMPARISONS AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Other Specialty / Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M. 35 4 4 5 5 5 6 7 9 FREE CASH FLOW CONVERSION Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. Three Months Ended 2023年3月31日 Three Months Ended 2022年3月31日 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70 Special items, after tax 22.3 0.24 6.4 0.07 Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12 Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89 March 31, Reconciliation of Pro Forma Sales 2023 2022 Sales $ 845.7 $ 892.2 APM pro forma adjustments — 94.9 Pro forma sales $ 845.7 $ 987.1 1 Three Months Ended Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 Net income from continuing operations – GAAP $ 21.3 $ 64.7 Income tax expense 7.7 20.0 Interest expense, net 28.8 16.9 Depreciation and amortization 50.5 37.6 EBITDA from continuing operations $ 108.3 $ 139.2 Special items, before tax 27.3 6.7 Depreciation and amortization included in special items (1.8) (2.1) Adjusted EBITDA $ 133.8 $ 143.8 Pro forma APM adjustments — 32.0 Pro forma adjusted EBITDA $ 133.8 $ 175.8 Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 % 2023 2022 Sales: Color, Additives and Inks $ 537.0 $ 649.5 Specialty Engineered Materials 309.7 243.1 Corporate (1.0) (0.4) Sales $ 845.7 $ 892.2 Operating income: Color, Additives and Inks $ 65.6 $ 94.5 Specialty Engineered Materials 43.1 38.3 Corporate (51.6) (30.6) Operating income $ 57.1 $ 102.2 Depreciation & amortization: Color, Additives and Inks $ 25.8 $ 26.0 Specialty Engineered Materials 21.2 7.8 Corporate 3.5 3.8 Depreciation & Amortization $ 50.5 $ 37.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 91.4 $ 120.5 Specialty Engineered Materials 64.3 46.1 Corporate (48.1) (26.8) Other income (expense), net 0.7 (0.6) EBITDA $ 108.3 $ 139.2 AVNT Fermium Conference - May 2023.pdf AVNT Q1 2023 Earnings Presentation.pdf AVNT Q1 2023 Earnings Presentation 5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Three Months Ended June 30, Six Months Ended 2022年6月30日 2021 2022 2021 Sales: Color, Additives and Inks $ 649.1 $ 624.4 $ 1,298.6 $ 1,233.7 Specialty Engineered Materials 243.9 240.6 488.6 457.1 Distribution 443.2 404.4 876.1 767.1 Corporate and eliminations (33.8) (34.2) (67.1) (60.4) Sales $ 1,302.4 $ 1,235.2 $ 2,596.2 $ 2,397.5 Gross margin: Color, Additives and Inks $ 193.4 $ 193.4 $ 385.5 $ 390.9 Specialty Engineered Materials 67.4 69.6 137.2 134.3 Distribution 42.9 40.1 82.2 79.4 Corporate and eliminations 0.1 (14.4) (7.4) (13.5) Gross margin $ 303.8 $ 288.7 $ 597.5 $ 591.1 Selling and administrative expense: Color, Additives and Inks $ 99.8 $ 107.1 $ 197.4 $ 215.8 Specialty Engineered Materials 30.8 32.3 60.9 62.8 Distribution 15.8 16.4 30.9 31.7 Corporate and eliminations 27.9 24.8 50.2 52.3 Selling and administrative expense $ 174.3 $ 180.6 $ 339.4 $ 362.6 Operating income: Color, Additives and Inks $ 93.6 $ 86.3 $ 188.1 $ 175.1 Specialty Engineered Materials 36.6 37.3 76.3 71.5 Distribution 27.1 23.7 51.3 47.7 Corporate and eliminations (27.8) (39.2) (57.6) (65.8) Operating income $ 129.5 $ 108.1 $ 258.1 $ 228.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 119.5 $ 111.6 $ 240.0 $ 227.7 Specialty Engineered Materials 44.3 45.4 91.8 87.4 Distribution 27.3 23.9 51.7 48.1 Corporate and eliminations (25.1) (39.0) (51.1) (63.8) Other income, net 1.4 1.2 0.8 2.7 EBITDA $ 167.4 $ 143.1 $ 333.2 $ 302.1 12 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. Three Months Ended 2022年6月30日 2021 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results Income from before income taxes $114.7 $ 3.4 $ 118.1 $ 89.8 $ 14.2 $ 104.0 Income tax expense - GAAP (30.0) — (30.0) (20.4) — (20.4) Income tax impact of special items (Attachment 3) — (0.8) (0.8) — (3.4) (3.4) Tax adjustments (Attachment 3) — 2.5 2.5 — 0.9 0.9 Income tax (expense) benefit $ (30.0) $ 1.7 $ (28.3) $ (20.4) $ (2.5) $ (22.9) Effective Tax Rate(1) 26.1 % 23.9 % 22.7 % 22.0 % (1) Rates may not recalculate from figures presented herein due to rounding 13 Six Months Ended 2022年6月30日 2021 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results Income from before income taxes $225.8 $ 11.1 $ 236.9 $192.4 $ 16.6 $ 209.0 Income tax expense - GAAP (56.6) — (56.6) (43.3) — (43.3) Income tax impact of special items (Attachment 3) — (2.8) (2.8) — (4.3) (4.3) Tax adjustments (Attachment 3) — 4.0 4.0 — 2.0 2.0 Income tax (expense) benefit $ (56.6) $ 1.2 $ (55.4) $ (43.3) $ (2.3) $ (45.6) Effective Tax Rate(1) 25.0 % 23.4 % 22.5 % 21.8 % (1) Rates may not recalculate from figures presented herein due to rounding Reconciliation of EBITDA by Segment Three Months Ended June 30, Six Months Ended 2022年6月30日 2021 2022 2021 Operating income: Color, Additives and Inks $ 93.6 $ 86.3 $ 188.1 $ 175.1 Specialty Engineered Materials 36.6 37.3 76.3 71.5 Distribution 27.1 23.7 51.3 47.7 Corporate and eliminations (27.8) (39.2) (57.6) (65.8) Operating income $ 129.5 $ 108.1 $ 258.1 $ 228.5 Items below OI in Corporate: Other income, net $ 1.4 $ 1.2 $ 0.8 $ 2.7 Depreciation & amortization: Color, Additives and Inks $ 25.9 $ 25.3 $ 51.9 $ 52.6 Specialty Engineered Materials 7.7 8.1 15.5 15.9 Distribution 0.2 0.2 0.4 0.4 Corporate and eliminations 2.7 0.2 6.5 2.0 Depreciation & Amortization $ 36.5 $ 33.8 $ 74.3 $ 70.9 EBITDA: Color, Additives and Inks $ 119.5 $ 111.6 $ 240.0 $ 227.7 Specialty Engineered Materials 44.3 45.4 91.8 87.4 Distribution 27.3 23.9 51.7 48.1 Corporate and eliminations (25.1) (39.0) (51.1) (63.8) Other income, net 1.4 1.2 $ 0.8 $ 2.7 EBITDA $ 167.4 $ 143.1 $ 333.2 $ 302.1 14 Three Months Ended June 30, Six Months Ended June 30, Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2022 2021 Net income – GAAP $ 84.7 $ 69.4 $ 169.2 $ 149.1 Income tax expense 30.0 20.4 56.6 43.3 Interest expense 16.2 19.5 33.1 38.8 Depreciation and amortization 36.5 33.8 74.3 70.9 EBITDA $ 167.4 $ 143.1 $ 333.2 $ 302.1 Special items, before tax 3.4 14.2 11.1 16.6 Depreciation and amortization included in special items (1.1) 1.4 (3.2) 0.8 Adjusted EBITDA $ 169.7 $ 158.7 $ 341.1 $ 319.5 Three Months Ended 2021年6月30日 Reconciliation to Condensed Consolidated Statements of $ EPS Net income attributable to Avient shareholders $ 68.8 $ 0.74 Special items, after tax (Attachment 3) 11.7 0.13 Adjusted net income / EPS - excluding special items 80.5 0.87 FX adjustment (4.9) (0.05) Adjusted net income / EPS - excluding special items, adjusted for FX $ 75.6 $ 0.82 NEWS RELEASE Attachment 1
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520%25E2%2580%2593%2520Recast%2520Financial%2520Information%2520for%2520Discontinued%2520Operations.pdf
Table of Contents POLYONE CORPORATION 3 GAAP Financial Information Recast for DSS Divestiture Sales 759.6$ 838.7$ 821.1$ 754.4$ 3,173.8$ 828.7$ 841.5$ 806.1$ 741.7$ 3,218.0$ 754.0$ 775.5$ 729.2$ 665.4$ 2,924.1$ Cost of sales 598.6 657.1 661.4 657.0 2,574.1 660.2 674.2 644.1 602.7 2,581.2 589.9 599.6 564.2 518.9 2,272.6 Gross margin 161.0 181.6 159.7 97.4 599.7 168.5 167.3 162.0 139.0 636.8 164.1 175.9 165.0 146.5 651.5 Selling and administrative 104.8 108.5 104.2 66.1 383.6 112.5 118.0 104.1 151.6 486.2 93.8 97.2 90.7 112.2 393.9 Income from equity affiliates and minority interest 0.1 - - 26.8 26.9 - - - - - - - - - - Operating income (loss) 56.3 73.1 55.5 58.1 243.0 56.0 49.3 57.9 (12.6) 150.6 70.3 78.7 74.3 34.3 257.6 Interest expense, net (15.6) (16.6) (15.9) (15.2) (63.3) (15.5) (15.7) (15.4) (15.5) (62.1) (16.1) (16.2) (16.2) (15.5) (64.0) Premium on early extinguishment of debt (10.6) - (5.2) - (15.8) - - - - - - - - (16.4) (16.4) Other income (expense), net 1.5 (1.3) (1.5) - (1.3) (0.7) (0.4) (1.6) (1.4) (4.1) (0.6) (1.2) (1.7) 0.3 (3.2) Income (loss) before income taxes 31.6 55.2 32.9 42.9 162.6 39.8 33.2 40.9 (29.5) 84.4 53.6 61.3 56.4 2.7 174.0 Income tax (expense) benefit (10.8) (21.6) (13.4) (16.6) (62.4) (10.7) (2.6) (12.0) 15.6 (9.7) (23.3) 4.3 (8.8) 2.3 (25.5) Net income (loss) from continuing operations 20.8 33.6 19.5 26.3 100.2 29.1 30.6 28.9 (13.9) 74.7 30.3 65.6 47.6 5.0 148.5 Net (loss) income from discontinued operations, net of income taxes (5.7) 147.0 3.3 (2.1) 142.5 0.1 0.9 3.8 (1.1) 3.7 (0.1) 1.4 (3.1) (2.0) (3.8) Net income (loss) 15.1 180.6 22.8 24.2 242.7 29.2 31.5 32.7 (15.0) 78.4 30.2 67.0 44.5 3.0 144.7 Less: Non-controlling interest 0.2 0.3 0.2 0.4 1.1 0.2 0.2 - 0.4 0.8 - (0.2) - 0.1 (0.1) Net income (loss) attributable to PolyOne common shareholders 15.3$ 180.9$ 23.0$ 24.6$ 243.8$ 29.4$ 31.7$ 32.7$ (14.6)$ 79.2$ 30.2$ 66.8$ 44.5$ 3.1$ 144.6$ Earnings per share attributable to PolyOne common shareholders - Basic Continuing operations 0.23$ 0.35$ 0.21$ 0.28$ 1.06$ 0.31$ 0.33$ 0.32$ (0.15)$ 0.82$ 0.34$ 0.73$ 0.55$ 0.06$ 1.69$ Discontinued operations (0.06)$ 1.50$ 0.03$ (0.02)$ 1.49$ -$ 0.01$ 0.04$ (0.01)$ 0.04$ -$ 0.02$ (0.04)$ (0.02)$ (0.04)$ Total 0.17$ 1.85$ 0.24$ 0.26$ 2.55$ 0.31$ 0.34$ 0.36$ (0.16)$ 0.86$ 0.34$ 0.75$ 0.51$ 0.04$ 1.65$ Earnings per share attributable to PolyOne common shareholders - Diluted Continuing operations 0.22$ 0.34$ 0.20$ 0.27$ 1.05$ 0.31$ 0.33$ 0.31$ (0.15)$ 0.81$ 0.34$ 0.73$ 0.54$ 0.06$ 1.67$ Discontinued operations (0.06)$ 1.49$ 0.04$ (0.02)$ 1.48$ -$ 0.01$ 0.04$ (0.01)$ 0.04$ -$ 0.01$ (0.04)$ (0.02)$ (0.04)$ Total 0.16$ 1.83$ 0.24$ 0.25$ 2.53$ 0.31$ 0.34$ 0.35$ (0.16)$ 0.85$ 0.34$ 0.74$ 0.50$ 0.04$ 1.63$ Sales 738.5$ 758.2$ 746.6$ 694.8$ 2,938.1$ 796.7$ Cost of sales 561.9 576.3 580.5 542.3 2,261.0 614.4 Gross margin 176.6 181.9 166.1 152.5 677.1 182.3 Selling and administrative 106.2 100.1 94.1 90.4 390.8 98.3 Operating income 70.4 81.8 72.0 62.1 286.3 84.0 Interest expense, net (14.6) (14.6) (15.1) (15.4) (59.7) (14.6) Premium on early extinguishment of debt - (0.4) - - (0.4) (0.3) Other income (expense), net - 0.1 (0.1) 0.4 0.4 (1.1) Income before income taxes 55.8 66.9 56.8 47.1 226.6 68.0 Income tax expense (17.6) (16.8) (14.0) (12.0) (60.4) (19.7) Net income from continuing operations 38.2 50.1 42.8 35.1 166.2 48.3 Net income (loss) from discontinued operations, net of income taxes 0.8 (0.1) (0.5) (1.4) (1.2) (1.4) Net income 39.0 50.0 42.3 33.7 165.0 46.9 Less: Non-controlling interest 0.1 - - 0.1 0.2 - Net income attributable to PolyOne common shareholders 39.1$ 50.0$ 42.3$ 33.8$ 165.2$ 46.9$ Earnings per share attributable to PolyOne common shareholders - Basic Continuing operations 0.45$ 0.59$ 0.51$ 0.43$ 1.98$ 0.58$ Discontinued operations 0.01$ -$ (0.01)$ (0.02)$ (0.01)$ (0.01)$ Total 0.46$ 0.59$ 0.50$ 0.41$ 1.97$ 0.57$ Earnings per share attributable to PolyOne common shareholders - Diluted Continuing operations 0.45$ 0.59$ 0.51$ 0.42$ 1.96$ 0.58$ Discontinued operations 0.01$ -$ (0.01)$ (0.02)$ (0.01)$ (0.01)$ Total 0.46$ 0.59$ 0.50$ 0.40$ 1.95$ 0.57$ POLYONE CORPORATION 4 Adjusted Financial Information Recast for DSS Divestiture Sales 759.6$ 838.7$ 821.1$ 754.4$ 3,173.8$ 828.7$ 841.5$ 806.1$ 741.7$ 3,218.0$ 754.0$ 775.5$ 729.2$ 665.4$ 2,924.1$ Cost of sales 601.6 670.6 656.6 606.9 2,535.7 656.0 660.1 637.0 592.6 2,545.7 588.7 597.4 561.0 511.0 2,258.1 Gross margin 158.0 168.1 164.5 147.5 638.1 172.7 181.4 169.1 149.1 672.3 165.3 178.1 168.2 154.4 666.0 Selling and administrative 102.4 106.2 107.6 107.5 423.7 109.6 108.4 100.0 94.5 412.5 91.6 93.1 88.1 96.5 369.3 Operating income 55.6 61.9 56.9 40.0 214.4 63.1 73.0 69.1 54.6 259.8 73.7 85.0 80.1 57.9 296.7 Interest expense, net (13.7) (16.6) (15.9) (15.2) (61.4) (15.5) (15.7) (15.4) (15.5) (62.1) (16.1) (16.2) (16.2) (15.5) (64.0) Other income (expense), net 0.1 (1.3) (1.5) - (2.7) (0.7) (0.9) (1.7) (1.5) (4.8) (0.6) (1.2) (1.8) 0.3 (3.3) Income before income taxes 42.0 44.0 39.5 24.8 150.3 46.9 56.4 52.0 37.6 192.9 57.0 67.6 62.1 42.7 229.4 Income tax expense (14.2) (16.1) (13.5) (9.8) (53.6) (14.9) (18.3) (16.6) (12.0) (61.8) (18.8) (21.3) (19.4) (12.1) (71.6) Adjusted net income from continuing operations 27.8 27.9 26.0 15.0 96.7 32.0 38.1 35.4 25.6 131.1 38.2 46.3 42.7 30.6 157.8 Less: Non-controlling interest 0.2 0.3 0.2 0.4 1.1 0.2 0.2 - 0.4 0.8 - (0.2) - 0.1 (0.1) Adjusted net income attributable to PolyOne common shareholders - continuing operations 28.0$ 28.2$ 26.2$ 15.4$ 97.8$ 32.2$ 38.3$ 35.4$ 26.0$ 131.9$ 38.2$ 46.1$ 42.7$ 30.7$ 157.7$ Adjusted earnings per share attributable to PolyOne common shareholders - Diluted 0.30$ 0.28$ 0.27$ 0.15$ 1.01$ 0.34$ 0.41$ 0.38$ 0.28$ 1.41$ 0.43$ 0.51$ 0.48$ 0.36$ 1.78$ Sales 738.5$ 758.2$ 746.6$ 694.8$ 2,938.1$ 796.7$ Cost of sales 557.8 576.5 576.1 540.7 2,251.1 612.0 Gross margin 180.7 181.7 170.5 154.1 687.0 184.7 Selling and administrative 100.0 93.9 88.3 94.9 377.1 99.0 Operating income 80.7 87.8 82.2 59.2 309.9 85.7 Interest expense, net (14.6) (14.6) (15.1) (15.4) (59.7) (14.6) Other (expense) income, net (0.2) 0.2 (0.1) 0.3 0.2 (1.2) Income before income taxes 65.9 73.4 67.0 44.1 250.4 69.9 Income tax expense (21.0) (23.1) (20.7) (11.5) (76.3) (20.7) Adjusted net income from continuing operations 44.9 50.3 46.3 32.6 174.1 49.2 Less: Non-controlling interest 0.1 - - 0.1 0.2 - Adjusted net income attributable to PolyOne common shareholders - continuing operations 45.0$ 50.3$ 46.3$ 32.7$ 174.3$ 49.2$ Adjusted earnings per share attributable to PolyOne common shareholders - Diluted 0.53$ 0.59$ 0.55$ 0.39$ 2.06$ 0.59$ POLYONE CORPORATION 5 Business Segment and Data Recast for DSS Divestiture Sales: Color, Additives and Inks 205.3 229.4 219.0 198.6 852.3 219.6 228.7 212.0 190.5 850.8 208.5 217.4 199.9 184.9 810.7 Specialty Engineered Materials 152.9 158.8 157.6 146.2 615.5 157.4 157.8 145.8 137.3 598.3 141.9 139.7 136.0 125.2 542.8 Performance Products and Solutions 166.6 210.3 207.4 188.9 773.2 207.6 211.2 213.0 184.8 816.6 175.9 190.3 175.2 152.7 694.1 PolyOne Distribution 268.0 275.1 275.0 257.1 1,075.2 284.1 287.0 280.5 262.8 1,114.4 265.7 266.8 259.5 242.1 1,034.1 Corporate and Eliminations (33.2) (34.9) (37.9) (36.4) (142.4) (40.0) (43.2) (45.2) (33.7) (162.1) (38.0) (38.7) (41.4) (39.5) (157.6) Sales 759.6 838.7 821.1 754.4 3,173.8 828.7 841.5 806.1 741.7 3,218.0 754.0 775.5 729.2 665.4 2,924.1 Gross Margin: Color, Additives and Inks 67.7 75.2 71.8 63.1 277.8 74.9 81.7 71.8 65.1 293.5 73.4 80.0 73.4 67.0 293.8 Specialty Engineered Materials 39.2 39.0 39.2 35.8 153.2 42.6 43.5 39.7 37.4 163.2 43.0 41.1 39.6 37.3 161.0 Performance Products and Solutions 24.0 26.9 27.6 23.5 102.0 28.0 29.0 29.2 22.8 109.0 22.5 27.4 27.2 24.8 101.9 PolyOne Distribution 28.2 28.1 27.6 24.7 108.6 29.8 28.8 29.3 26.1 114.0 27.8 30.2 29.4 27.2 114.6 Corporate and Eliminations 1.9 12.4 (6.5) (49.7) (41.9) (6.8) (15.7) (8.0) (12.4) (42.9) (2.6) (2.8) (4.6) (9.8) (19.8) Gross Margin 161.0 181.6 159.7 97.4 599.7 168.5 167.3 162.0 139.0 636.8 164.1 175.9 165.0 146.5 651.5 Selling and Administrative Expense: Color, Additives and Inks 43.5 44.3 42.9 43.1 173.8 44.5 44.0 41.7 38.4 168.6 39.6 40.4 38.9 39.5 158.4 Specialty Engineered Materials 23.4 24.0 24.6 24.0 96.0 24.3 24.6 21.3 20.6 90.8 19.9 21.0 19.6 20.9 81.4 Performance Products and Solutions 10.4 11.6 12.5 11.5 46.0 12.0 11.4 11.4 11.1 45.9 11.0 11.1 11.1 11.3 44.5 PolyOne Distribution 12.0 11.2 11.0 11.1 45.3 12.6 11.5 10.6 11.1 45.8 12.1 11.1 11.8 11.6 46.6 Corporate and Eliminations 15.5 17.4 13.2 (23.6) 22.5 19.1 26.5 19.1 70.4 135.1 11.2 13.6 9.3 28.9 63.0 Selling and Administrative Expense 104.8 108.5 104.2 66.1 383.6 112.5 118.0 104.1 151.6 486.2 93.8 97.2 90.7 112.2 393.9 Operating Income: Color, Additives and Inks 24.2 30.9 28.9 20.0 104.0 30.4 37.7 30.1 26.7 124.9 33.8 39.6 34.5 27.5 135.4 Specialty Engineered Materials 15.8 15.0 14.6 11.8 57.2 18.3 18.9 18.4 16.8 72.4 23.1 20.1 20.0 16.4 79.6 Performance Products and Solutions 13.6 15.3 15.1 12.0 56.0 16.0 17.6 17.8 11.7 63.1 11.5 16.3 16.1 13.5 57.4 PolyOne Distribution 16.2 16.9 16.6 13.6 63.3 17.2 17.3 18.7 15.0 68.2 15.7 19.1 17.6 15.6 68.0 Corporate and Eliminations (13.5) (5.0) (19.7) 0.7 (37.5) (25.9) (42.2) (27.1) (82.8) (178.0) (13.8) (16.4) (13.9) (38.7) (82.8) Operating Income (loss) 56.3 73.1 55.5 58.1 243.0 56.0 49.3 57.9 (12.6) 150.6 70.3 78.7 74.3 34.3 257.6 Sales: Color, Additives and Inks 204.9 212.2 195.9 184.7 797.7 211.8 Specialty Engineered Materials 141.0 143.3 146.2 135.3 565.8 159.1 Performance Products and Solutions 166.2 172.8 171.3 158.2 668.5 183.7 PolyOne Distribution 268.8 272.6 274.8 254.8 1,071.0 286.1 Corporate and Eliminations (42.4) (42.7) (41.6) (38.2) (164.9) (44.0) Sales 738.5 758.2 746.6 694.8 2,938.1 796.7 Gross Margin: Color, Additives and Inks 75.3 78.0 70.0 62.8 286.1 75.2 Specialty Engineered Materials 44.2 43.0 41.7 38.6 167.5 46.1 Performance Products and Solutions 32.4 33.0 29.2 26.6 121.2 33.9 PolyOne Distribution 30.7 29.5 29.6 27.3 117.1 31.4 Corporate and Eliminations (6.0) (1.6) (4.4) (2.8) (14.8) (4.3) Gross Margin 176.6 181.9 166.1 152.5 677.1 182.3 Selling and Administrative Expense: Color, Additives and Inks 40.4 39.8 38.6 39.8 158.6 40.1 Specialty Engineered Materials 20.8 21.6 21.2 22.8 86.4 22.5 Performance Products and Solutions 12.7 11.7 11.2 11.2 46.8 11.8 PolyOne Distribution 13.2 11.7 11.4 12.6 48.9 12.8 Corporate and Eliminations 19.1 15.3 11.7 4.0 50.1 11.1 Selling and Administrative Expense 106.2 100.1 94.1 90.4 390.8 98.3 Operating Income: Color, Additives and Inks 34.9 38.2 31.4 23.0 127.5 35.1 Specialty Engineered Materials 23.4 21.4 20.5 15.8 81.1 23.6 Performance Products and Solutions 19.7 21.3 18.0 15.4 74.4 22.1 PolyOne Distribution 17.5 17.8 18.2 14.7 68.2 18.6 Corporate and Eliminations (25.1) (16.9) (16.1) (6.8) (64.9) (15.4) Operating Income 70.4 81.8 72.0 62.1 286.3 84.0 POLYONE CORPORATION 6 Non-GAAP Reconciliations Sales 759.6 838.7 821.1 754.4 3,173.8 828.7 841.5 806.1 741.7 3,218.0 754.0 775.5 729.2 665.4 2,924.1 Gross margin - GAAP 161.0 181.6 159.7 97.4 599.7 168.5 167.3 162.0 139.0 636.8 164.1 175.9 165.0 146.5 651.5 Special items in gross margin (see slide 7) (3.0) (13.5) 4.8 50.1 38.4 4.2 14.1 7.1 10.1 35.5 1.2 2.2 3.2 7.9 14.5 Adjusted gross margin 158.0 168.1 164.5 147.5 638.1 172.7 181.4 169.1 149.1 672.3 165.3 178.1 168.2 154.4 666.0 Adjusted gross margin as a percent of sales 20.8% 20.0% 20.0% 19.6% 20.1% 20.8% 21.6% 21.0% 20.1% 20.9% 21.9% 23.0% 23.1% 23.2% 22.8% Operating income - GAAP 56.3 73.1 55.5 58.1 243.0 56.0 49.3 57.9 (12.6) 150.6 70.3 78.7 74.3 34.3 257.6 Special items in operating income (see slide 7) (0.7) (11.2) 1.4 (18.1) (28.6) 7.1 23.7 11.2 67.2 109.2 3.4 6.3 5.8 23.6 39.1 Adjusted operating income 55.6 61.9 56.9 40.0 214.4 63.1 73.0 69.1 54.6 259.8 73.7 85.0 80.1 57.9 296.7 Adjusted operating income as a percent of sales 7.3% 7.4% 6.9% 5.3% 6.8% 7.6% 8.7% 8.6% 7.4% 8.1% 9.8% 11.0% 11.0% 8.7% 10.1% Sales 738.5 758.2 746.6 694.8 2,938.1 796.7 Gross margin - GAAP 176.6 181.9 166.1 152.5 677.1 182.3 Special items in gross margin (see slide 7) 4.1 (0.2) 4.4 1.6 9.9 2.4 Adjusted gross margin 180.7 181.7 170.5 154.1 687.0 184.7 Adjusted gross margin as a percent of sales 24.5% 24.0% 22.8% 22.2% 23.4% 23.2% Operating income - GAAP 70.4 81.8 72.0 62.1 286.3 84.0 Special items in operating income (see slide 7) 10.3 6.0 10.2 (2.9) 23.6 1.7 Adjusted operating income 80.7 87.8 82.2 59.2 309.9 85.7 Adjusted operating income as a percent of sales 10.9% 11.6% 11.0% 8.5% 10.5% 10.8% POLYONE CORPORATION 7 Summary of Special Items Cost of sales: Restructuring Costs - - - (2.5) (2.5) (3.3) (13.2) (2.8) (7.4) (26.7) (0.2) (0.2) (1.0) (6.3) (7.7) Environmental remediation costs (2.0) (1.3) (4.8) (52.6) (60.7) (0.9) (0.9) (5.9) (2.6) (10.3) (1.5) (2.0) (4.3) (1.5) (9.3) Pension & other post-retirement benefits - mark-to-market adjustment - - - 1.6 1.6 - - - (2.0) (2.0) - - - (1.0) (1.0) Reimbursement of previously incurred environmental costs 5.2 14.9 - 3.4 23.5 - - 1.6 2.1 3.7 0.5 - 2.1 0.9 3.5 Acquisition related adjustments (0.2) (0.1) - - (0.3) - - - (0.2) (0.2) - - - - - Impact on cost of sales 3.0 13.5 (4.8) (50.1) (38.4) (4.2) (14.1) (7.1) (10.1) (35.5) (1.2) (2.2) (3.2) (7.9) (14.5) Selling and administrative expense: Restructuring, legal and other (2.3) (1.9) 4.1 (1.0) (1.1) (2.7) (9.3) (3.9) 1.0 (14.9) (1.9) (3.4) (1.8) (3.9) (11.0) Unrealized gain on foreign currency option contracts 0.4 0.2 0.3 0.2 1.1 - - - - - - - - - - Pension & other post-retirement benefits - mark-to-market adjustment - - 42.4 42.4 - - - (54.5) (54.5) - - - (10.6) (10.6) Acquisition/divestiture related costs (0.5) (0.6) (1.0) (0.2) (2.3) (0.2) (0.3) (0.2) (3.6) (4.3) (0.3) (0.7) (0.8) (1.2) (3.0) Impact on selling and administrative expense (2.4) (2.3) 3.4 41.4 40.1 (2.9) (9.6) (4.1) (57.1) (73.7) (2.2) (4.1) (2.6) (15.7) (24.6) Gain on sale of investment in equity affiliates 0.1 - - 26.8 26.9 - - - - - - - - - - Impact on operating income 0.7 11.2 (1.4) 18.1 28.6 (7.1) (23.7) (11.2) (67.2) (109.2) (3.4) (6.3) (5.8) (23.6) (39.1) - - - Debt extinguishment costs (10.6) - (5.2) - (15.8) - - - - - - - - (16.4) (16.4) Bridge loan commitment fees - interest expense (1.9) - - - (1.9) - - - - - - - - - - Other income (expense), net 1.4 - - - 1.4 - 0.5 0.1 0.1 0.7 - - 0.1 - 0.1 Impact on income before income taxes (10.4) 11.2 (6.6) 18.1 12.3 (7.1) (23.2) (11.1) (67.1) (108.5) (3.4) (6.3) (5.7) (40.0) (55.4) Income tax benefit on above special items 3.9 (5.3) 1.9 (7.1) (6.6) 2.6 10.5 4.5 24.0 41.6 1.4 1.7 1.0 14.6 18.7 Tax adjustments (0.5) (0.2) (1.8) 0.3 (2.2) 1.6 5.2 0.1 3.6 10.5 (5.9) 23.9 9.6 (0.2) 27.4 Impact of special items on net income (7.0) 5.7 (6.5) 11.3 3.5 (2.9) (7.5) (6.5) (39.5) (56.4) (7.9) 19.3 4.9 (25.6) (9.3) Diluted earnings per common share impact (0.08)$ 0.06$ (0.07)$ 0.12$ 0.04$ (0.03)$ (0.08)$ (0.07)$ (0.43)$ (0.60)$ (0.09)$ 0.22$ 0.06$ (0.30)$ (0.11)$ Cost of sales: Restructuring Costs 0.1 (1.0) - (0.2) (1.1) - Environmental remediation costs (1.7) (2.1) (2.4) (2.2) (8.4) (2.2) Pension & other post-retirement benefits - mark-to-market adjustment - - - 0.3 0.3 - Reimbursement of previously incurred environmental costs - 5.3 - 0.8 6.1 - Acquisition related adjustments (2.5) (2.0) (2.0) (0.3) (6.8) (0.2) Impact on cost of sales (4.1) 0.2 (4.4) (1.6) (9.9) (2.4) Selling and administrative expense: Restructuring, legal and other (5.9) (5.6) (5.3) (3.0) (19.8) 1.4 Unrealized gain on foreign currency option contracts - - - - - - Pension & other post-retirement benefits - mark-to-market adjustment - - - 8.1 8.1 - Acquisition/divestiture related costs (0.3) (0.6) (0.5) (0.6) (2.0) (0.7) Impact on selling and administrative expense (6.2) (6.2) (5.8) 4.5 (13.7) 0.7 Gain on sale of investment in equity affiliates - - - - - - Impact on operating income (10.3) (6.0) (10.2) 2.9 (23.6) (1.7) Debt extinguishment costs - (0.4) - - (0.4) (0.3) Bridge loan commitment fees - interest expense - - - - - - Other income (expense), net 0.2 (0.1) - 0.1 0.2 0.1 Impact on income before income taxes (10.1) (6.5) (10.2) 3.0 (23.8) (1.9) Income tax benefit on above special items 3.8 2.6 3.7 (1.8) 8.3 0.9 Tax adjustments (0.4) 3.7 3.0 1.3 7.6 0.1 Impact of special items on net income (6.7) (0.2) (3.5) 2.5 (7.9) (0.9) Diluted earnings per common share impact (0.08)$ -$ (0.04)$ 0.03$ (0.10)$ (0.01)$ Recast Financial Information for Discontinued Operations Table of Contents GAAP Financial Information Recast for DSS Divestiture Adjusted Financial Information Recast for DSS Divestiture Business Segment and Data Recast for DSS Divestiture Non-GAAP Reconciliations Summary of Special Items
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
We grew organic sales in each of the regions with both our Color, Additives and Inks and Specialty Engineered Materials segments growing at 3% and 6%, respectively, while expanding adjusted EBITDA margins 90 and 110 basis points, respectively, over 2023.”Our expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, the world’s strongest fiber™. Three Months Ended December 31, Year Ended 2024年12月31日 2023 2024 2023 Sales: Color, Additives and Inks $ 467.7 $ 459.4 $ 2,046.5 $ 2,007.4 Specialty Engineered Materials 279.7 259.8 1,196.8 1,138.2 Corporate (0.9) (0.2) (2.9) (2.8) Sales $ 746.5 $ 719.0 $ 3,240.4 $ 3,142.8 Gross margin: Color, Additives and Inks $ 152.6 $ 148.3 $ 681.1 $ 631.2 Specialty Engineered Materials 84.2 78.1 374.9 341.8 Corporate 22.7 (17.5) 0.7 (80.5) Gross margin $ 259.5 $ 208.9 $ 1,056.7 $ 892.5 Selling and administrative expense: Color, Additives and Inks $ 92.8 $ 86.5 $ 384.9 $ 371.3 Specialty Engineered Materials 49.6 48.7 207.7 199.3 Corporate 31.5 30.6 134.8 125.1 Selling and administrative expense $ 173.9 $ 165.8 $ 727.4 $ 695.7 Operating income: Color, Additives and Inks $ 59.8 $ 61.8 $ 296.2 $ 259.9 Specialty Engineered Materials 34.6 29.4 167.2 142.5 Corporate (8.8) (48.1) (134.1) (205.6) Operating income $ 85.6 $ 43.1 $ 329.3 $ 196.8 Depreciation and amortization: Color, Additives and Inks $ 21.9 $ 22.2 $ 87.5 $ 98.3 Specialty Engineered Materials 21.0 19.8 82.1 81.5 Corporate 2.5 2.2 10.1 9.0 Depreciation and amortization $ 45.4 $ 44.2 $ 179.7 $ 188.8 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 81.7 $ 84.0 $ 383.7 $ 358.2 Specialty Engineered Materials 55.6 49.2 249.3 224.0 Corporate (6.3) (45.9) (124.0) (196.6) Other income, net 3.2 4.3 1.1 5.8 EBITDA from continuing operations $ 134.2 $ 91.6 $ 510.1 $ 391.4 Special items, before tax (23.9) 22.4 20.1 114.6 Interest expense included in special items — (0.1) (2.3) (2.3) Depreciation and amortization included in special items (0.3) — (1.5) (1.9) Adjusted EBITDA $ 110.0 $ 113.9 $ 526.4 $ 501.8 13 Attachment 7 Avient Corporation Reconciliation of Non-GAAP Financial Measures (Unaudited) (In millions, except per share data) Senior management uses operating income before special items to assess performance and allocate resources because senior management believes that this measure is most useful in understanding current profitability levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2023-01/Mevopur Healthcare Functional Additives_Laser Welding Additives for Medical Devices Application Bulletin.pdf
Avient uses a “systems approach” to develop the laser welding solution most adapted to your project, taking into consideration the following aspects: • Transmitting and absorbing parts • Polymer type and grade • Dispersion of the additive in the final part • Sufficient and consistent loading of the additive • Part design: attention to flow separation at the welding interface • Color and opacitiy • Quality control – e.g. establish suitable control parameters (UV Visible Spectra) • Laser wavelength and processing parameter Mevopur™ Healthcare Functional Additives formulated for laser welding are designed for use in healthcare applications. KEY CHARACTERISTICS • Manufactured at four ISO 13485 certified sites, providing global consistency and increased security of supply • Documented change control beyond CAS number, reducing risk of change • Available as additive concentrates, ready-to-use additive formulations or ready-to-use additive/ colorant formulations for different polymers REGULATORY SUPPORT • Raw materials tested to: - ISO 10993-1 and USP biological evaluation - European Pharmacopeia 3.1.3/3.1.5 (polyolefin) - USP (polyethylene) - ICH Q3D elemental impurities • Registered Drug Master File (Type III) and/or Device Master File • Food contact established with FDA/EU* APPLICATION BULLETIN * FDA/EU compliance information available upon request; exceptions may occur Healthcare use limitations apply—see below.