https://www.avient.com/investor-center/news/polyone-drives-textile-industry-sustainability-and-innovation-fiber-colorant-technology
ColorMatrix™ Fiber Colorant Solutions combine colorants and specialized melt spinning equipment to provide an adaptive, innovative system for coloring polyester fiber.
We've enabled a transformation in the way that upholstered fabrics, footwear, apparel, safety straps, industrial fabric, and more can be manufactured."
is a premier provider of specialized polymer materials, services and solutions.
https://www.avient.com/products/polymer-additives/antioxidant-additives/cesa-unify-a4r
It accomplishes this by bringing incompatible polymers – such as PP and PE – together by forming them into a homogenous polymer mixture that increases mechanical properties based on polymer modification.
Helps bring incompatible polymers together by forming them into a homogenous polymer mixture
Colorants and Additives for Recycled Resins E&E Applications
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
Vectran® Liquid Crystal Polymer Fiber
Overview of how Avient serves wire & cable customers, highlighting both power and data cables technologies
Vectran® Liquid Crystal Polymer
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
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
5
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
March 31,
2022 2021
Sales $ 1,293.8 $ 1,162.3
Operating Income 128.6 120.4
Net income attributable to Avient shareholders 84.2 79.3
Basic earnings per share attributable to Avient shareholders $ 0.92 $ 0.87
Diluted earnings per share attributable to Avient shareholders $ 0.91 $ 0.86
Senior management uses comparisons of adjusted net income attributable to Avient shareholders and diluted adjusted earnings
per share (EPS) attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability
of results.
Three Months Ended
March 31,
2022 2021
Sales:
Color, Additives and Inks $ 649.5 $ 609.3
Specialty Engineered Materials 244.7 216.5
Distribution 432.9 362.7
Corporate and eliminations (33.3) (26.2)
Sales $ 1,293.8 $ 1,162.3
Gross margin:
Color, Additives and Inks $ 192.1 $ 197.5
Specialty Engineered Materials 69.8 64.7
Distribution 39.3 39.3
Corporate and eliminations (7.5) 0.9
Gross margin $ 293.7 $ 302.4
Selling and administrative expense:
Color, Additives and Inks $ 97.6 $ 108.7
Specialty Engineered Materials 30.1 30.5
Distribution 15.1 15.3
Corporate and eliminations 22.3 27.5
Selling and administrative expense $ 165.1 $ 182.0
Operating income:
Color, Additives and Inks $ 94.5 $ 88.8
Specialty Engineered Materials 39.7 34.2
Distribution 24.2 24.0
Corporate and eliminations (29.8) (26.6)
Operating income $ 128.6 $ 120.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 120.5 $ 116.2
Specialty Engineered Materials 47.5 42.0
Distribution 24.4 24.2
Corporate and eliminations (26.0) (24.9)
Other income, net (0.6) 1.5
EBITDA $ 165.8 $ 159.0
11
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 March 31,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
$111.1 $ 7.7 $ 118.8 $102.6 $ 2.4 $ 105.0
Income tax expense - GAAP (26.6) — (26.6) (22.9) — (22.9)
Income tax impact of special items (Attachment 3) — (2.0) (2.0) — (0.9) (0.9)
Tax adjustments (Attachment 3) — 1.5 1.5 — 1.1 1.1
Income tax (expense) benefit $ (26.6) $ (0.5) $ (27.1) $ (22.9) $ 0.2 $ (22.7)
Effective Tax Rate(1) 23.9 % 22.8 % 22.3 % 21.6 %
(1) Rates may not recalculate from figures presented herein due to rounding
12
Reconciliation of EBITDA by Segment Three Months Ended
March 31,
2022 2021
Operating income:
Color, Additives and Inks $ 94.5 $ 88.8
Specialty Engineered Materials 39.7 34.2
Distribution 24.2 24.0
Corporate and eliminations (29.8) (26.6)
Operating income $ 128.6 $ 120.4
Items below OI in Corporate:
Other income, net $ (0.6) $ 1.5
Depreciation & amortization:
Color, Additives and Inks $ 26.0 $ 27.4
Specialty Engineered Materials 7.8 7.8
Distribution 0.2 0.2
Corporate and eliminations 3.8 1.7
Depreciation & Amortization $ 37.8 $ 37.1
EBITDA:
Color, Additives and Inks $ 120.5 $ 116.2
Specialty Engineered Materials 47.5 42.0
Distribution 24.4 24.2
Corporate and eliminations (26.0) (24.9)
Other income, net (0.6) 1.5
EBITDA $ 165.8 $ 159.0
EBITDA as a % of Sales:
Color, Additives and Inks 18.6 % 19.1 %
Specialty Engineered Materials 19.4 % 19.4 %
Distribution 5.6 % 6.7 %
Three Months Ended
March 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021
Net income from continuing operations – GAAP $ 84.5 $ 79.7
Income tax expense 26.6 22.9
Interest expense 16.9 19.3
Depreciation and amortization 37.8 37.1
EBITDA $ 165.8 $ 159.0
Special items, before tax 7.7 2.4
Depreciation and amortization included in special items (2.1) (0.5)
Adjusted EBITDA $ 171.4 $ 160.9
NEWS RELEASE
Attachment 1
https://www.avient.com/knowledge-base/article/getting-more-efficient-polymer-colorants
Home //
Getting More Efficient with Polymer Colorants
Avient has introduced a special liquid color production system that could be a good fit if you are ordering small lots of colorant.
It also allows for batch-to-batch consistency to address color variations.
https://www.avient.com/news/avient-present-lightweighting-design-innovation-and-sustainable-additive-solutions-plastics-automotive-engineering-conference
The second presentation, titled Management of Vehicle Indoor Air Quality with Sustainable Polymer Additive Solutions, will discuss developing a range of emission and VOC-controlling technologies that can reduce undesirable material emissions, increasing safety and comfort.
Avient does this by offering a multitude of solutions, including those that can enable greater use of recycled materials, such as its award-winning Color Prediction Service, and lightweighting solutions, such as Hydrocerol™ Chemical Foaming Agents.
Visitors to Avient’s booth #17 can expect to see examples of foamed parts and molded-in-colors for automotive interiors, including aesthetic effects such as speckles, sparkles, and metallics, in addition to the latest ColorForward™ Color Trend Forecast.
https://www.avient.com/news/avient-earns-2023-refocus-sustainable-innovation-design-award-pcr-color-prediction-service
Avient is fully committed to increasing opportunities to expand the use of recycled polymers, helping customers to incorporate or increase PCR content into new and existing applications,” said Mayendran Pillay, Director of Marketing for Color & Additives, U.S. and Canada, at Avient.
As early adopters of our PCR Color Prediction Service, L’Oréal achieved consistent colors across various PCR grades in different countries, enabling them to launch with fewer color iterations and color trials, thereby reducing complexity and increasing speed.”
PLASTICS advances the priorities of our members, who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives.
https://www.avient.com/sites/default/files/2022-05/Avient_Health_And_Safety_Policy_2022 Update.pdf
SAFETY & HEALTH POLICY
Avient Corporation believes that safety and health are the highest corporate
priority.
As a member of the American Chemistry Council, we have
adopted Responsible Care® Guiding Principles and the Process Safety
Management Practices to continuously guide our efforts to improve safety
performance.
Our practices reinforce these imperatives, and our commitment to
excellence in safety and health is absolute.
https://www.avient.com/products/long-fiber-technology/complet-long-glass-fiber
Additive technologies such as custom color, lubrication and UV performance enhancement are also available to customize your solution.
Colorable for product branding or quick identification
Compare long glass fiber thermoplastics strength, toughness, impact data and more.
https://www.avient.com/investor-center/news/polyone-expands-color-portfolio-acquisition-mesa
a North American producer of color and additive materials and services.
is our fourth specialty color acquisition in the last eight months," Mr.
is a premier provider of specialized polymer materials, services and solutions.