https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
Three Months Ended
March 31,
2024 2023
Sales:
Color, Additives and Inks $ 515.3 $ 537.0
Specialty Engineered Materials 314.4 309.7
Corporate (0.7) (1.0)
Sales $ 829.0 $ 845.7
Gross margin:
Color, Additives and Inks $ 171.2 $ 162.0
Specialty Engineered Materials 107.0 93.9
Corporate — (8.3)
Gross margin $ 278.2 $ 247.6
Selling and administrative expense:
Color, Additives and Inks $ 96.4 $ 96.4
Specialty Engineered Materials 53.6 50.8
Corporate 34.2 43.3
Selling and administrative expense $ 184.2 $ 190.5
Operating income:
Color, Additives and Inks $ 74.8 $ 65.6
Specialty Engineered Materials 53.4 43.1
Corporate (34.2) (51.6)
Operating income $ 94.0 $ 57.1
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 25.8
Specialty Engineered Materials 19.6 21.2
Corporate 2.8 3.5
Depreciation & amortization $ 44.3 $ 50.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 96.7 $ 91.4
Specialty Engineered Materials 73.0 64.3
Corporate (31.4) (48.1)
Other (expense) income, net (0.9) 0.7
EBITDA from continuing operations 137.4 108.3
Special items, before tax 6.2 27.3
Depreciation and amortization included in special items (0.5) (1.8)
Adjusted EBITDA $ 143.1 $ 133.8
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.
https://www.avient.com/sites/default/files/resources/US_Elk%2520Grove_RCMS%25202013.pdf
WITH ADDITIONAL FACILITIES LISTED ON THE ATTACHED ANNEX)
has been assessed by ABS Quality Evaluations, Inc. and found to be in conformance with the requirements set forth by:
RCMS®:2013 (Option 2)
The Environment, Health, Safety and Security Management System is applicable to:
Design and Manufacture of Colorants for Plastics
Certificate No: 55324
Effective Date 21 December 2017
ABS Quality Evaluations, Inc. 16855 Northchase Drive, Houston, TX 77060, U.S.A.
https://www.avient.com/sites/default/files/2021-02/complet-lft-bettcher-motor-yoke.pdf
Microsoft PowerPoint - Complet LFT Bettcher Motor Yoke.pptx
BETTCHER
INDUSTRIES
Q U A N T U M ™ M O T O R Y O K E
• Reliably support 25-pound motor without deflection
• Reduce manufacturing system costs through metal-to-
composite conversion
• Chemical resistance to withstand corrosive substances
during frequent sanitation and during use
• Optimized yoke design for new material and
performed CAE analysis to confirm reliability
• Reduced part weight by nearly 40%
• Single-step injection molding fabrication cut
lead times and lowered per part costs
• Molded-in color eliminated secondary
painting and finishing operations
Complēt™ Long Glass Fiber Nylon Composite
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/automotive-ir-lens-of-sensor-case-study-brief.pdf
FAMOUS TIER 2
COMPANY
A U T O M O T I V E L I G H T I N G
I R L E N S O F S E N S O R
• High heat resistance up to 203°C
• PESU base resin with high IR transmission
• Visible light cannot pass through
• Used rich experience with different IR
transmission materials to support
customer’s material design and test method
• Customized color for IR transmittance,
which allowed IR to pass through the plastic
lamp without accumulating high heat
Edgetek™ ET9400-8005 IR Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Cesa Fiber Additives Antimicrobial for PA Carpets - Application Snapshot.pdf
CARPET PRODUCER
N Y L O N C A R P E T
• Antimicrobial effectiveness for residential and hospital
carpets
• Suitable for Bulked Continuous Filament (BCF) processed
polyamide (nylon)
• Limited impact on color
• Quick development to address growing market needs for
hygienic surface coverings
• Developed efficient antimicrobial solution
adapted to BCF processing for high-quality
yarns
• Reduced risk of discoloration with a
smartbatch alternative
• Leveraged global capabilities to offer quick
development, trials and production
quantities
• Cesa™ Fiber Additives – antimicrobial
additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-02/Versaflex-Handler Housing for Laparoscopic Sealer-Application snapshot.pdf
SURGICAL
DEVICE
MANUFACTURER
H A N D L E H O U S I N G F O R
L A P A R O S C O P I C S E A L E R
• Excellent adhesion onto PC/ABS
• Good aesthetics with soft touch
• RoHS, REACH and FDA compliant
• Enhanced ergonomics and functionality with
improved soft grip
• Met performance requirements for wear
resistance and colorability
• Customized a thermoplastic elastomer (TPE)
solution and had with a faster sample
response speed than competitor
Versaflex™ Overmolding Formulation
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/gls-tpe-bayer-cap-english.pdf
GLS TPE - Bayer Cap - English
BAYER®
T P E O V E R M O L D E D C A P
• Easy to grip and open
• Design requirements:
• Raised logo
• Specific brand color
• Optimize retail shelf space/reduce packaging
• Improved packaging functionality for both
user (ergonomic design) and on shelf
(better stacking and reduced packaging)
• Offered value-add formulation that allowed
customer to extend brand differentiation in
the market
GLS™ Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/Lewiston 308872_en_13485_21%5B43%5D.pdf
Avient Colorants USA LLC
17 Foss Rd.
https://www.avient.com/sites/default/files/2021-01/clariant-plastics-coatings-usa-llc-de-amendment-change-of-name-jan-15-2021.pdf
BULLOCK, SECRETARY OF STATE OF THE STATE OF
DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT
COPY OF THE CERTIFICATE OF AMENDMENT OF “CLARIANT PLASTICS &
COATINGS USA LLC”, CHANGING ITS NAME FROM "CLARIANT PLASTICS &
COATINGS USA LLC" TO "AVIENT COLORANTS USA LLC", FILED IN THIS
OFFICE ON THE ELEVENTH DAY OF JANUARY, A.D. 2021, AT 10:39
O`CLOCK A.M.
https://www.avient.com/sites/default/files/2024-05/Edgetek Engineered Polymer Formulations - E-cigarette Housing-Case study snapshot.pdf
E-CIGARETTE
MANUFACTURER
H O U S I N G
• Special effect finish
• Halogen-free flame-retardant material
• High production efficiency
• Provided PC formulation with customized
speckle effect to meet specific color and
surface expectations
• Passed UL 94 V-0 flame retardant test at
1.0 mm
• Offered better impact strength than
competitor‘s PC material, and passed the
drop testing
• Eased processing with high-flow material
Edgetek Engineered Polymer Formulations
KEY REQUIREMENTS
WHY AVIENT?