Avient Announces First Quarter 2026 Results

Rhea-AI Summary

Avient (NYSE: AVNT) reported Q1 2026 results on May 7, 2026: sales $847 million (up 3%, includes a 5% favorable FX impact), GAAP EPS $0.61 versus ($0.22) prior year, and adjusted EPS $0.83 (9% growth). Adjusted EBITDA margin expanded 20 bps to 17.7%. Full-year adjusted EPS guidance remains $2.93–$3.17 and adjusted EBITDA guidance remains $555–$585 million; management reiterated second-half uncertainty.

Positive

• Sales of $847 million in Q1 2026 (3% growth)
• Adjusted EPS $0.83, up 9% versus prior year quarter
• Adjusted EBITDA margin expanded 20 basis points to 17.7%

Negative

• GAAP EPS includes special items and amortization impacting comparability
• Full-year adjusted EPS guidance unchanged at $2.93–$3.17
• Company cites uncertainty for the second half of 2026

Key Figures

Q1 2026 Sales: $847 million Q1 2026 GAAP EPS: $0.61 Q1 2026 Adjusted EPS: $0.83 +5 more

8 metrics

Q1 2026 Sales $847 million First quarter 2026 sales, 3% growth, 5% FX benefit

Q1 2026 GAAP EPS $0.61 Versus ($0.22) in prior-year quarter

Q1 2026 Adjusted EPS $0.83 Beat guidance of $0.81; 9% growth year-over-year

Adj EBITDA Margin 17.7% Q1 2026 margin, up 20 basis points

Q2 2026 Adj EPS Guide $0.89 Expected, 11% growth over prior-year quarter

FY 2026 Adj EPS Guide $2.93–$3.17 Full-year 2026 adjusted EPS guidance, unchanged

FY 2026 Adj EBITDA $555–$585 million Full-year 2026 adjusted EBITDA guidance, unchanged

FX Impact on Sales 5% Favorable foreign exchange impact on Q1 2026 sales

Market Reality Check

Price: $37.94 Vol: Volume 505,537 is in line...

normal vol

$37.94 Last Close

Volume Volume 505,537 is in line with the 20-day average of 504,671. normal

Technical Shares trade above the 200-day MA of 34.61, with price at 37.94 pre-news.

Peers on Argus

AVNT was up 1.86% pre-news while key peers were mixed: PRM down 5.92%, HWKN down...

1 Down

AVNT was up 1.86% pre-news while key peers were mixed: PRM down 5.92%, HWKN down 1.37%, FUL and CBT modestly lower, and SXT up 1.6%, pointing to stock-specific rather than sector-wide strength.

Previous Earnings Reports

5 past events · Latest: Nov 05 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 05	Q3 2025 earnings	Positive	+0.0%	Adjusted EPS up 8% with margin expansion and maintained full-year guidance.
Aug 01	Q2 2025 earnings	Positive	+7.0%	Sales growth, adjusted EPS beat guidance, strong cash flow and debt reduction.
May 06	Q1 2025 earnings	Positive	+4.3%	Sales growth, adjusted EPS increase and maintained full-year guidance.
Feb 13	FY/Q4 2024 earnings	Positive	+2.9%	Broad organic growth, double-digit EPS increase and higher guidance for 2025.
Oct 31	Q3 2024 earnings	Positive	-3.9%	Stronger sales and EPS beat guidance, yet shares fell on the release.

Pattern Detected

Earnings releases have generally led to positive reactions, with only one notable negative move despite largely constructive updates and maintained or improved guidance.

Recent Company History

Over the past several earnings cycles, Avient has consistently highlighted adjusted EPS growth, margin expansion, and stable or improving guidance. Prior quarters in 2024–2025 showed rising adjusted EPS, expanding adjusted EBITDA margins and repeated debt reduction. Price reactions were mostly positive, though one strong Q3 2024 report saw a negative move. Today’s Q1 2026 results continue the pattern of adjusted EPS growth and reaffirmed full-year guidance, fitting into a multi-year narrative of steady operational execution.

Historical Comparison

+2.1% avg move · In the past five earnings releases, AVNT’s average move was 2.06%. Today’s pre-news change of 1.86% ...

earnings

+2.1%

Average Historical Move earnings

In the past five earnings releases, AVNT’s average move was 2.06%. Today’s pre-news change of 1.86% on another EPS beat and steady guidance sits close to this typical reaction range.

Recent earnings have shown steady adjusted EPS growth, gradual EBITDA margin expansion, and consistent reaffirmation or tightening of guidance, with Q1 2026 extending that multi-year trajectory.

Market Pulse Summary

This announcement highlights Q1 2026 adjusted EPS of $0.83 beating guidance, adjusted EBITDA margin ...

Analysis

This announcement highlights Q1 2026 adjusted EPS of $0.83 beating guidance, adjusted EBITDA margin expansion to 17.7%, and an unchanged full-year adjusted EPS range of $2.93–$3.17 with EBITDA of $555–$585 million. Set against prior quarters that also featured growing adjusted EPS and improving margins, it reinforces a theme of steady execution. Investors may watch how Q2’s guided $0.89 adjusted EPS and second-half trends track against this multi-year guidance narrative.

Key Terms

gaap, non-gaap, adjusted eps, adjusted ebitda, +4 more

8 terms

gaap financial

"First quarter GAAP EPS of $0.61 compared to ($0.22) in the prior year"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

non-gaap financial

"The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial measures."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

adjusted eps financial

"First quarter 2026 adjusted EPS was $0.83 compared to $0.76 in the prior year"

Adjusted earnings per share (adjusted eps) is a measure of a company's profit per share that has been modified to exclude certain one-time or unusual items, such as costs from restructuring or asset sales. It provides a clearer picture of the company’s core performance by removing events that may distort the usual earnings. Investors use adjusted eps to better understand a company's ongoing profitability and compare it more accurately over time.

adjusted ebitda financial

"non-GAAP financial measures include ... adjusted EBITDA, adjusted EBITDA margins"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"non-GAAP financial measures include ... free cash flow and adjusted free cash flow."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

basis points financial

"enabled expansion of adjusted EBITDA margins by 20 basis points to 17.7%."

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

foreign exchange financial

"which includes a 5% favorable foreign exchange impact"

Foreign exchange is the process of swapping one country's money for another’s, like exchanging dollars for euros when traveling. It matters because it determines how much your money is worth in another country, affecting prices, investments, and international trade. This system helps businesses and governments buy and sell across borders smoothly.

mark-to-market adjustments financial

"such as, but not limited to, environmental remediation costs and associated recoveries, mark-to-market adjustments on pension"

Mark-to-market adjustments are updates companies make to the value of assets or liabilities to reflect their current market price, like re-pricing items in a garage sale to match what buyers would pay today. For investors, these adjustments matter because they can change reported profits and the size of a company’s balance sheet quickly, revealing real-time gains, losses and the true risk exposure of holdings.

AI-generated analysis. Not financial advice.

• First quarter sales grew 3% to $847 million, which includes a 5% favorable foreign exchange impact

• First quarter GAAP EPS of $0.61 compared to ($0.22) in the prior year quarter

• First quarter adjusted EPS of $0.83 exceeded guidance of $0.81; growth of 9% over the prior year quarter

• 2026 full year adjusted EPS guidance range of $2.93 to $3.17, unchanged from prior guidance

CLEVELAND, May 7, 2026 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, today announced its first quarter results for 2026. First quarter GAAP earnings per share (EPS) were $0.61 compared to ($0.22) in the prior year quarter. 

The company noted that first quarter 2026 GAAP EPS includes special items of $0.06 and intangible amortization expense of $0.16 (see attachment 1).

First quarter 2026 adjusted EPS was $0.83 compared to $0.76 in the prior year quarter, reflecting 9% growth in adjusted EPS.

"Once again our teams successfully navigated a complex and ever-changing environment with agility to deliver these results," said Dr. Ashish Khandpur, Chairman, President and Chief Executive Officer, Avient Corporation.

"Our first quarter results also reflect the team's strong execution on driving productivity improvement and disciplined cost control, which enabled expansion of adjusted EBITDA margins by 20 basis points to 17.7%. Our teams remain focused on serving our customers, securing raw material supply, and have been proactively working to mitigate the costs of inflation from the ongoing situation in the Middle East and from macro-economic uncertainty," added Dr. Khandpur.

2026 Outlook

"We have a proven track record of successfully managing through volatile environments and supply chain constraints, as we demonstrated during the post-pandemic period in 2021 and 2022, as well as responding to the tariff policy changes in 2025. Accordingly, we expect second quarter adjusted EPS of $0.89, which represents 11% growth over the prior year quarter," said Jamie Beggs, Senior Vice President and Chief Financial Officer.

"Our performance expectations for the first half of the year are slightly better-than-expected compared to the beginning of the year.  With that said, the outlook for the second half of the year is less certain, so we are maintaining our full year guidance of adjusted EBITDA of $555 to $585 million and adjusted EPS of $2.93 to $3.17," said Ms. Beggs.

Dr. Khandpur added, "Our strategy has enabled us to deliver consistent results and grow earnings in 2024 and 2025. We remain committed to growing full year earnings again in 2026, while continuing to also invest in our prioritized growth vectors to keep advancing our longer-term plans."

Webcast Details

Avient will provide additional details on its 2026 first quarter and its 2026 full year outlook during its webcast scheduled for 8:00 a.m. Eastern Time on May 7, 2026.

The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here. Conference call participants in the question and answer session should pre-register using the link at avient.com/investors, or here, to receive the dial-in number and personal PIN.  This information is required to access the conference call.  The question-and-answer session will follow the company's presentation and prepared remarks.

A recording of the webcast and the slide presentation will be available at avient.com/investors/events-presentations immediately following the conference call and will be accessible for one year.

Non-GAAP Financial Measures

The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include organic performance (which excludes the impact of foreign exchange), adjusted EPS, adjusted operating income, adjusted EBITDA, adjusted EBITDA margins, free cash flow and adjusted free cash flow. Avient's chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources.

The Company does not provide reconciliations of forward-looking non-GAAP financial measures, such as adjusted EPS, adjusted EBITDA and free cash flow, to the most comparable GAAP financial measures on a forward-looking basis because the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items, and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs and associated recoveries, mark-to-market adjustments on pension and other post-retirement obligations, acquisition-related charges, and other non-routine costs. Each of such adjustments has not yet occurred, are out of the Company's control and/or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information.

To access Avient's news library online, please visit www.avient.com/news.

About Avient

Our purpose at Avient Corporation (NYSE: AVNT) is to be an innovator of materials solutions that help our customers succeed, while enabling a sustainable world.  Our local touch and customer engagement, combined with our global presence, allows us to serve customers with agility.  We harness the collective strength of more than 9,000 employees worldwide to collaborate and build on each other's ideas.  In doing so, we innovate solutions that help our customers overcome their challenges or capitalize on opportunities provided by the fast-changing world and secular trends. Our expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, the world's strongest fiber™.  By intersecting our broad portfolio of technologies with the product roadmaps of our customers, we help create differentiated and high-performance products that make the world better and more sustainable. Visit www.avient.com to learn more.

Forward-looking Statements

In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: disruptions, uncertainty or volatility in the global credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; disruptions or inefficiencies in our supply chain, logistics, or operations; changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; changes to foreign trade policy, including new or increased tariffs and changing import/export regulation; fluctuations in raw material prices, quality and supply, and in energy prices and supply; demand for our products and services; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures, cybersecurity breaches and cyberattacks; our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts and any recessionary conditions. The above list of factors is not exhaustive.

Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.

Attachment 1

Avient Corporation Reconciliation of Adjusted Net Income and Earnings Per Share (Unaudited) (In millions, except per share data)

Senior management uses comparisons of adjusted net income attributable to Avient common shareholders and diluted adjusted earnings per share (EPS) attributable to Avient common shareholders, excluding special items, to assess performance and facilitate comparability of results. Further, as a result of Avient's strategic shift towards an innovator of materials solutions, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization. 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. Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. See Attachment 3 for a definition and summary of special items.

	Three Months Ended March 31,
	2026				2025
Reconciliation to Condensed Consolidated Statements of Income	$		EPS(1)		$		EPS(1)
Net income (loss) attributable to Avient common shareholders	$      55.7		$      0.61		$     (20.2)		$     (0.22)
Special items, after-tax (Attachment 3)	5.5		0.06		75.7		0.82
Amortization expense, after-tax	15.6		0.16		14.5		0.16
Adjusted net income / EPS	$      76.8		$      0.83		$      70.0		$      0.76

(1) Per share amounts may not recalculate from figures presented herein due to rounding

 

 

Attachment 2
Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data)
	Three Months Ended March 31,
	2026		2025
Sales	$     847.4		$     826.6
Cost of sales	574.8		563.4
Gross margin	272.6		263.2
Selling and administrative expense	176.8		262.5
Operating income	95.8		0.7
Interest expense, net	(22.0)		(26.9)
Other expense, net	(1.5)		(0.4)
Income (loss) before income taxes	72.3		(26.6)
Income tax (expense) benefit	(16.5)		6.7
Net income (loss)	$      55.8		$     (19.9)
Net income attributable to noncontrolling interests	(0.1)		(0.3)
Net income (loss) attributable to Avient common shareholders	$      55.7		$     (20.2)
Earnings (loss) per share attributable to Avient common shareholders - Basic:	$      0.61		$     (0.22)
Earnings (loss) per share attributable to Avient common shareholders - Diluted:	$      0.61		$     (0.22)
Cash dividends declared per share of common stock	$   0.2750		$   0.2700
Weighted-average shares used to compute earnings per common share:
Basic	91.7		91.5
Diluted	91.9		91.5

 

Attachment 3
Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data)
Special items (1)	Three Months Ended March 31,
	2026		2025
Cost of sales:
Restructuring costs, including accelerated depreciation	$       (3.2)		$       (4.1)
Environmental remediation costs	(3.9)		(4.9)
Reimbursement of previously incurred environmental costs	0.3		1.3
Impact on cost of sales	(6.8)		(7.7)
Selling and administrative expense:
Restructuring and employee separation costs	(0.8)		(5.1)
Legal and other	(1.3)		(0.4)
Cloud-based enterprise resource planning system impairment	—		(86.3)
Impact on selling and administrative expense	(2.1)		(91.8)
Impact on operating income	(8.9)		(99.5)
Interest expense, net - financing costs	—		(1.7)
Impact on income (loss) before income taxes	(8.9)		(101.2)
Income tax benefit on special items	2.0		25.5
Tax adjustments(2)	1.4		—
Impact of special items on net income (loss)	$       (5.5)		$     (75.7)
Diluted earnings (loss) per common share impact	$     (0.06)		$     (0.82)
Weighted average shares used to compute adjusted earnings per share:
Diluted	91.9		91.8

(1)

Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.

(2)

Tax adjustments include the net tax impact from non-recurring income tax items and certain adjustments to uncertain tax position reserves and valuation allowances.

 

Attachment 4
Avient Corporation Condensed Consolidated Balance Sheets (In millions)
	(Unaudited) March 31, 2026		December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$                427.6		$                510.5
Accounts receivable, net	513.4		435.0
Inventories, net	386.4		367.2
Other current assets	96.5		88.2
Total current assets	1,423.9		1,400.9
Property, net	967.9		988.8
Goodwill	1,739.2		1,757.6
Intangible assets, net	1,447.4		1,492.4
Other non-current assets	366.4		385.9
Total assets	$              5,944.8		$              6,025.6
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt	$                   0.5		$                   0.5
Accounts payable	426.1		410.0
Accrued expenses and other current liabilities	376.5		435.8
Total current liabilities	803.1		846.3
Non-current liabilities:
Long-term debt	1,924.0		1,922.6
Deferred income taxes	280.5		285.7
Other non-current liabilities	519.2		584.7
Total non-current liabilities	2,723.7		2,793.0
SHAREHOLDERS' EQUITY
Avient shareholders' equity	2,405.8		2,374.2
Noncontrolling interest	12.2		12.1
Total equity	2,418.0		2,386.3
Total liabilities and equity	$              5,944.8		$              6,025.6

 

Attachment 5
Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions)
	Three Months Ended March 31,
	2026		2025
Operating activities
Net income (loss)	$      55.8		$     (19.9)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	47.9		45.3
Cloud-based enterprise resource planning system impairment	—		71.6
Share-based compensation expense	2.1		2.4
Changes in assets and liabilities:
Increase in accounts receivable	(83.7)		(83.7)
Increase in inventories	(22.9)		(20.3)
Increase (decrease) in accounts payable	20.0		(1.0)
(Decrease) increase in restructuring obligations	(4.7)		2.5
Decrease in incentive accruals	(24.8)		(53.1)
Environmental insurance recovery	—		34.0
Accrued expenses and other assets and liabilities, net	(24.2)		(28.9)
Net cash used in operating activities	(34.5)		(51.1)
Investing activities
Capital expenditures	(19.0)		(12.5)
Net cash used in investing activities	(19.0)		(12.5)
Financing activities
Cash dividends paid	(25.2)		(24.7)
Other financing activities	(2.6)		(3.6)
Net cash used in financing activities	(27.8)		(28.3)
Effect of exchange rate changes on cash and cash equivalents	(1.6)		3.4
Decrease in cash and cash equivalents	(82.9)		(88.5)
Cash and cash equivalents at beginning of year	510.5		544.5
Cash and cash equivalents at end of period	$     427.6		$     456.0

 

Attachment 6

Avient Corporation

Business Segment Operations (Unaudited)

(In millions)

Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker. These costs are included in Corporate.

	Three Months Ended March 31,
	2026		2025
Sales:
Color, Additives and Inks	$     528.1		$     519.7
Specialty Engineered Materials	320.2		308.4
Corporate	(0.9)		(1.5)
Sales	$     847.4		$     826.6
Gross margin:
Color, Additives and Inks	$     178.7		$     173.1
Specialty Engineered Materials	100.6		97.8
Corporate	(6.7)		(7.7)
Gross margin	$     272.6		$     263.2
Selling and administrative expense:
Color, Additives and Inks	$      97.3		$      94.5
Specialty Engineered Materials	53.2		50.7
Corporate	26.3		117.3
Selling and administrative expense	$     176.8		$     262.5
Operating income:
Color, Additives and Inks	$      81.4		$      78.6
Specialty Engineered Materials	47.4		47.1
Corporate	(33.0)		(125.0)
Operating income	$      95.8		$        0.7
Depreciation & amortization:
Color, Additives and Inks	$      22.4		$      21.7
Specialty Engineered Materials	22.6		21.5
Corporate	2.9		2.1
Depreciation & amortization	$      47.9		$      45.3
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks	$     103.8		$     100.3
Specialty Engineered Materials	70.0		68.6
Corporate	(30.1)		(122.9)
Other expense, net	(1.5)		(0.4)
EBITDA	$     142.2		$      45.6
Special items, before tax	8.9		101.2
Interest expense included in special items	—		(1.7)
Depreciation & amortization included in special items	(1.2)		(0.4)
Adjusted EBITDA	$     149.9		$     144.7

 

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. In addition, operating income before the effect of special items is a component of Avient's annual incentive plans and is used in debt covenant computations. Senior management believes this measure is useful to investors because it allows for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. See Attachment 3 for a definition and summary of special items.

	Three Months Ended March 31,
Reconciliation to Condensed Consolidated Statements of Income	2026		2025
Sales	$   847.4		$   826.6
Gross margin - GAAP	272.6		263.2
Special items in gross margin (Attachment 3)	6.8		7.7
Adjusted gross margin	$   279.4		$   270.9
Adjusted gross margin as a percent of sales	33.0 %		32.8 %
Operating income - GAAP	95.8		0.7
Special items in operating income (Attachment 3)	8.9		99.5
Adjusted operating income	$   104.7		$   100.2
Adjusted operating income as a percent of sales	12.4 %		12.1 %

	Three Months Ended March 31,
Reconciliation to EBITDA and Adjusted EBITDA:	2026		2025
Net income (loss) - GAAP	$    55.8		$   (19.9)
Income tax expense (benefit)	16.5		(6.7)
Interest expense, net	22.0		26.9
Depreciation & amortization	47.9		45.3
EBITDA	$   142.2		$    45.6
Special items, before tax	8.9		101.2
Interest expense included in special items	—		(1.7)
Depreciation & amortization included in special items	(1.2)		(0.4)
Adjusted EBITDA	$   149.9		$   144.7
Adjusted EBITDA as a percent of sales	17.7 %		17.5 %

	Three Months Ended June 30, 2025
Reconciliation to Condensed Consolidated Statements of Income	$		EPS(1)
Net income attributable to Avient common shareholders	$             52.6		$             0.57
Special items, after-tax	5.7		0.07
Amortization expense, after-tax	15.2		0.16
Adjusted net income / EPS	$             73.5		$             0.80

(1) Per share amounts may not recalculate from figures presented herein due to rounding

 

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SOURCE Avient Corporation

FAQ

What were Avient's Q1 2026 revenue and EPS (AVNT)?

Avient reported Q1 2026 sales of $847 million and GAAP EPS of $0.61. According to the company, adjusted EPS was $0.83, a 9% increase versus the prior year quarter.

How did foreign exchange affect Avient's Q1 2026 sales (AVNT)?

Foreign exchange provided a 5% favorable impact to Q1 2026 sales. According to the company, reported sales rose 3% to $847 million including that FX benefit.

What is Avient's full-year 2026 adjusted EPS and EBITDA guidance (AVNT)?

Avient maintained full-year adjusted EPS guidance of $2.93 to $3.17 and adjusted EBITDA of $555 to $585 million. According to the company, these ranges are unchanged from prior guidance.

Did Avient's profit margins change in Q1 2026 (AVNT)?

Adjusted EBITDA margin expanded by 20 basis points to 17.7% in Q1 2026. According to the company, productivity and cost control contributed to the margin expansion.

What did Avient say about the outlook for the second half of 2026 (AVNT)?

Management said the second half of 2026 is less certain while maintaining full-year guidance. According to the company, first-half performance is slightly better-than-expected but H2 uncertainty remains.