Avient Announces Third Quarter 2025 Results
Avient (NYSE:AVNT) reported Q3 2025 sales of $806.5M, down from $815.2M a year earlier, and GAAP EPS $0.36 versus $0.41 prior year. Adjusted EPS was $0.70, up from $0.65 and in line with guidance, reflecting an 8% adjusted EPS increase driven by productivity and mix. Adjusted EBITDA margin expanded 60 basis points to 16.5%. Management updated full-year adjusted EBITDA guidance to $540–$550M while maintaining full-year adjusted EPS guidance of $2.77–$2.87. Strong cash flow funded $100M of debt repayments year-to-date with a plan to reduce total debt by $150M in 2025. Company cited weaker demand in U.S. and EMEA but strength in defense, healthcare and telecom.
Avient (NYSE:AVNT) ha riportato vendite del terzo trimestre 2025 di 806,5 milioni di dollari, in calo rispetto ai 815,2 milioni dell'anno precedente, e EPS GAAP di 0,36 dollari contro 0,41 dell'anno precedente. EPS rettificato è stato 0,70 dollari, in crescita rispetto a 0,65 e in linea con le previsioni, riflettendo un aumento dell'8% dell'EPS rettificato guidato da produttività e mix. Il margine di EBITDA rettificato è salito di 60 punti base al 16,5%. La direzione ha aggiornato la guidance per l'intero anno sull'
Avient (NYSE:AVNT) reportó ventas del 3T 2025 de $806.5 millones, frente a $815.2 millones del año anterior, y EPS GAAP de $0.36 frente a $0.41 el año anterior. EPS ajustado fue $0.70, frente a $0.65 y en línea con las previsiones, reflejando un incremento del 8% en el EPS ajustado impulsado por productividad y mix. El margen de EBITDA ajustado se expandió 60 puntos básicos hasta el 16.5%. La dirección actualizó la guía de todo el año para EBITDA ajustado a $540–$550M mientras mantiene la guía anual de EPS ajustado de $2.77–$2.87. Un fuerte flujo de caja financió $100M de pagos de deuda en lo que va de año con un plan para reducir la deuda total en $150M en 2025. La empresa citó una demanda más débil en EE. UU. y EMEA, pero fortaleza en defensa, salud y telecomunicaciones.
아비엔트(NYSE:AVNT)은 2025년 3분기 매출 8억 6500만 달러를 보고했으며, 전년 동기 8억 1520만 달러에서 하락했고, GAAP EPS 0.36달러 대비 전년 0.41달러. 조정된 EPS는 0.70달러로, 0.65에서 상승했고 가이던스와 일치하며 조정된 EPS가 8% 증가를 반영하여 생산성과 믹스에 의해 주도됨. 조정된 EBITDA 마진은 60bp 확대되어 16.5%에 도달. 경영진은 연간 조정 EBITDA 가이던스를 540–550M USD로 업데이트했고, 연간 조정 EPS 가이던스는 2.77–2.87 USD를 유지. 강한 현금 흐름은 연초 이후 100M USD의 부채 상환을 자금으로 사용했고 2025년에 총부채를 150M USD 줄일 계획. 미국 및 EMEA의 수요 약세를 지적했지만 방위, 헬스케어, 텔레콤의 강세를 언급.
Avient (NYSE:AVNT) a annoncé un chiffre d'affaires du T3 2025 de 806,5 millions de dollars, en baisse par rapport à 815,2 millions l'année précédente, et un BPA GAAP de 0,36 dollar contre 0,41 l'an dernier. Le BPA ajusté était 0,70 dollar, en hausse par rapport à 0,65 et conforme aux prévisions, reflétant une augmentation de 8 % du BPA ajusté propulsée par la productivité et la répartition. La marge EBITDA ajustée s'est étendue de 60 points de base pour atteindre 16,5 %. La direction a révisé à la hausse la guidance annuelle de l'EBITDA ajusté à 540–550 M$ tout en maintenant la guidance annuelle de l'EPS ajusté entre 2,77 et 2,87 dollars. Un fort flux de trésorerie a financé le remboursement de 100 M$ de dette à ce jour, avec un plan pour réduire la dette totale de 150 M$ en 2025. L'entreprise a cité une demande plus faible aux États-Unis et en EMEA, mais une solidité dans la défense, les soins de santé et les télécoms.
Avient (NYSE:AVNT) meldete Umsatz im Q3 2025 von 806,5 Mio. USD, gegenüber 815,2 Mio. USD im Vorjahr, und GAAP-EPS von 0,36 USD gegenüber 0,41 USD im Vorjahr. Aktualisiertes EPS betrug 0,70 USD, gegenüber 0,65 und im Rahmen der Guidance, was eine 8 %-ige Erhöhung des bereinigten EPS zeigt, getrieben durch Produktivität und Mix. Die bereinigte EBITDA-Marge zog um 60 Basispunkte auf 16,5% an. Das Management hob die Jahresprognose für bereinigtes EBITDA auf 540–550 Mio. USD an, während die Jahresprognose für bereinigtes EPS bei 2,77–2,87 USD belassen wurde. Ein starker Cashflow finanzierte bisher 100 Mio. USD an Schuldentilgung, mit einem Plan, die Gesamtverschuldung im Jahr 2025 um 150 Mio. USD zu senken. Das Unternehmen verwies auf eine schwächere Nachfrage in den USA und EMEA, aber Stärke in Verteidigung, Gesundheitswesen und Telekommunikation.
أفينت (بورصة نيويورك: AVNT) أبلغت عن مبيعات الربع الثالث 2025 تبلغ 806.5 مليون دولار، بانخفاض من 815.2 مليون دولار قبل عام، وEPS وفق معايير GAAP 0.36 دولار مقارنة بـ 0.41 قبل عام. EPS معدل معدّل كان 0.70 دولار، مرتفعًا من 0.65 ومتوافق مع التوجيه، يعكس زيادة بنسبة 8% في EPS المعدّل مدفوعة بالإنتاجية والمزيج. هامش EBITDA المعدّل توسّع بمقدار 60 نقطة أساس إلى 16.5%. قدّمت الإدارة توجيه EBITDA المعدّل للسنة كاملة إلى $540–$550M مع الحفاظ على توجيه EPS المعدّل للسنة كاملة بين $2.77–$2.87. تدفق نقدي قوي مَوّل سداد ديون بقيمة $100M حتى تاريخه مع خطة لتقليل إجمالي الدين بمقدار $150M في 2025. أشارت الشركة إلى ضعف الطلب في الولايات المتحدة ومنطقة أوروبا والشرق الأوسط وأفريقيا، لكن قوة في الدفاع والرعاية الصحية والاتصالات.
- Adjusted EBITDA margin expanded by 60 bps to 16.5%
- Adjusted EPS of $0.70 representing 8% growth versus prior year
- Updated full-year adjusted EBITDA guidance of $540–$550M
- Debt reduction of $100M year-to-date; targeting $150M total in 2025
- Q3 sales declined to $806.5M from $815.2M (≈1% decline)
- Q3 GAAP EPS fell to $0.36 from $0.41 year-over-year
- Management cited weakened demand in U.S. and EMEA markets
Insights
Avient delivered mixed Q3: modest sales decline and lower GAAP EPS, but adjusted EPS growth, margin expansion, and continued debt paydown sustain guidance.
Third quarter results show Avient generated
The company maintained its full-year adjusted EPS guidance of
-
Third quarter sales of
$807 million 1% below the prior year quarter and includes a favorable impact of2% from foreign exchange -
Third quarter GAAP EPS of
$0.36 $0.41 -
Third quarter adjusted EPS of
$0.70 8% growth over the prior year quarter, driven by EBITDA margin expansion in both business segments, as well as lower interest and tax expense -
Maintaining 2025 full-year adjusted EPS guidance range of
$2.77 $2.87 4% to8% year-over-year growth -
Strong cash flow generation in the quarter supported
$50 million $100 million $150 million
Third quarter GAAP earnings per share (EPS) were
Third quarter 2025 adjusted EPS were
"I am pleased with our team's execution to deliver
"In the third quarter, weak consumer sentiment, evolving trade policy and geopolitical uncertainty continued to negatively impact demand in several of our key markets, particularly in the
2025 Outlook
"For the fourth quarter, we expect year over year sales performance to be slightly better than what we experienced in the third quarter," said Jamie Beggs, Senior Vice President and Chief Financial Officer, Avient Corporation. "Our focus on disciplined cost control and productivity initiatives is expected to continue driving margin expansion and earnings growth."
"Taking into account the third quarter results and current customer order patterns, we are updating our full-year guidance range for adjusted EBITDA to
Dr. Khandpur added, "While the macroenvironment still remains uncertain and challenging, our team continues to stay focused on customers and driving productivity in all parts of the organization. We are doing this while advancing our strategy, surgically investing in our prioritized growth vectors and deleveraging our balance sheet by paying down debt."
Webcast Details
Avient will provide additional details on its 2025 third quarter and its 2025 full year outlook during its webcast scheduled for 8:00 a.m. Eastern Time on November 5, 2025.
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 and adjusted EBITDA, 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 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; 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 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, tariffs 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.
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Attachment 1 |
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Avient Corporation Reconciliation of Adjusted Net Income and Earnings Per Share (Unaudited) (In millions, except per share data) |
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Senior management uses comparisons of adjusted net income attributable to Avient common shareholders and diluted adjusted |
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Three Months Ended September 30, |
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2025 |
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2024 |
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Reconciliation to Condensed Consolidated Statements of Income |
$ |
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EPS(1) |
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$ |
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EPS(1) |
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Net income attributable to Avient common shareholders |
$ 32.6 |
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$ 0.36 |
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$ 38.2 |
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$ 0.41 |
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Special items, after-tax (Attachment 3) |
15.7 |
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0.17 |
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6.6 |
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0.07 |
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Amortization expense, after-tax |
15.9 |
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0.17 |
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15.0 |
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0.16 |
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Adjusted net income / EPS |
$ 64.2 |
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$ 0.70 |
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$ 59.8 |
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$ 0.65 |
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(1) Per share amounts may not recalculate from figures presented herein due to rounding |
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Nine Months Ended September 30, |
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2025 |
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2024 |
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Reconciliation to Condensed Consolidated Statements of Income |
$ |
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EPS(1) |
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$ |
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EPS(1) |
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Net income attributable to Avient common shareholders |
$ 65.0 |
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$ 0.71 |
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$ 121.2 |
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$ 1.32 |
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Special items, after-tax (Attachment 3) |
97.1 |
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1.06 |
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33.9 |
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0.37 |
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Amortization expense, after-tax |
45.6 |
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0.49 |
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44.7 |
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0.49 |
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Adjusted net income / EPS |
$ 207.7 |
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$ 2.26 |
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$ 199.8 |
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$ 2.17 |
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(1) Per share amounts may not recalculate from figures presented herein due to rounding |
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Attachment 2 |
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Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Sales |
$ 806.5 |
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$ 815.2 |
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$ 2,499.6 |
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$ 2,493.9 |
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Cost of sales |
561.6 |
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553.8 |
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1,713.6 |
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1,696.7 |
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Gross margin |
244.9 |
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261.4 |
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786.0 |
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797.2 |
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Selling and administrative expense |
177.8 |
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184.2 |
|
622.1 |
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553.5 |
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Operating income |
67.1 |
|
77.2 |
|
163.9 |
|
243.7 |
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Interest expense, net |
(24.2) |
|
(26.9) |
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(75.8) |
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(80.1) |
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Other expense, net |
— |
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(0.3) |
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(0.9) |
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(2.1) |
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Income before income taxes |
42.9 |
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50.0 |
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87.2 |
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161.5 |
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Income tax expense |
(10.1) |
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(11.3) |
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(20.8) |
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(39.3) |
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Net income |
$ 32.8 |
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$ 38.7 |
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$ 66.4 |
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$ 122.2 |
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Net income attributable to noncontrolling interests |
(0.2) |
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(0.5) |
|
(1.4) |
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(1.0) |
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Net income attributable to Avient common shareholders |
$ 32.6 |
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$ 38.2 |
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$ 65.0 |
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$ 121.2 |
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Earnings per share attributable to Avient common shareholders - Basic: |
$ 0.36 |
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$ 0.42 |
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$ 0.71 |
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$ 1.33 |
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Earnings per share attributable to Avient common shareholders - Diluted: |
$ 0.36 |
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$ 0.41 |
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$ 0.71 |
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$ 1.32 |
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Cash dividends declared per share of common stock |
$ 0.2700 |
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$ 0.2575 |
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$ 0.8100 |
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$ 0.7725 |
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Weighted-average shares used to compute earnings per common share: |
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Basic |
91.6 |
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91.3 |
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91.5 |
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91.3 |
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Diluted |
91.8 |
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92.3 |
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91.8 |
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92.0 |
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Attachment 3 |
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Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) |
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Special items (1) |
Three Months Ended |
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Nine Months Ended |
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2025 |
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2024 |
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2025 |
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2024 |
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Cost of sales: |
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Restructuring costs, including accelerated depreciation |
$ (2.0) |
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$ 1.8 |
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$ (8.7) |
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$ 5.6 |
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Environmental remediation costs |
(12.8) |
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(2.4) |
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(19.5) |
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(28.2) |
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Reimbursement of previously incurred environmental costs |
0.1 |
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— |
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2.0 |
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— |
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Impact on cost of sales |
(14.7) |
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(0.6) |
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(26.2) |
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(22.6) |
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Selling and administrative expense: |
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Restructuring and employee separation costs |
(4.0) |
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(3.1) |
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(11.8) |
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(6.6) |
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Legal and other |
(0.7) |
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(4.3) |
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(1.6) |
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(10.1) |
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Cloud-based enterprise resource planning system impairment |
— |
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— |
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(86.3) |
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— |
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Acquisition related costs |
— |
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(0.4) |
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— |
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(2.5) |
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Impact on selling and administrative expense |
(4.7) |
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(7.8) |
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(99.7) |
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(19.2) |
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Impact on operating income |
(19.4) |
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(8.4) |
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(125.9) |
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(41.8) |
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Interest expense, net - financing costs |
— |
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(1.3) |
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(2.0) |
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(2.3) |
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Other income, net |
— |
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— |
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— |
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0.1 |
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Impact on income before income taxes |
(19.4) |
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(9.7) |
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(127.9) |
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(44.0) |
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Income tax benefit on special items |
3.7 |
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3.5 |
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30.8 |
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11.9 |
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Tax adjustments(2) |
— |
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(0.4) |
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— |
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(1.8) |
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Impact of special items on net income |
$ (15.7) |
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$ (6.6) |
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$ (97.1) |
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$ (33.9) |
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Diluted earnings per common share impact |
$ (0.17) |
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$ (0.07) |
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$ (1.06) |
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$ (0.37) |
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Weighted average shares used to compute adjusted earnings per share: |
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Diluted |
91.8 |
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92.3 |
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91.8 |
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92.0 |
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(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. |
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(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. |
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Attachment 4 |
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Avient Corporation Condensed Consolidated Balance Sheets (In millions) |
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(Unaudited)
September 30, |
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December 31, 2024 |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 445.6 |
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$ 544.5 |
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Accounts receivable, net |
484.5 |
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399.5 |
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Inventories, net |
392.1 |
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346.8 |
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Other current assets |
101.7 |
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131.3 |
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Total current assets |
1,423.9 |
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1,422.1 |
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Property, net |
980.8 |
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955.3 |
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Goodwill |
1,754.6 |
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1,659.7 |
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Intangible assets, net |
1,509.8 |
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1,450.4 |
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Other non-current assets |
386.7 |
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323.6 |
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Total assets |
$ 6,055.8 |
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$ 5,811.1 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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Current liabilities: |
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Short-term and current portion of long-term debt |
$ 0.5 |
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$ 7.7 |
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Accounts payable |
392.7 |
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417.4 |
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Accrued expenses and other current liabilities |
308.4 |
|
331.0 |
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Total current liabilities |
701.6 |
|
756.1 |
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Non-current liabilities: |
|
|
|
|
Long-term debt |
1,971.4 |
|
2,059.3 |
|
Deferred income taxes |
307.7 |
|
260.4 |
|
Other non-current liabilities |
686.7 |
|
405.7 |
|
Total non-current liabilities |
2,965.8 |
|
2,725.4 |
|
|
|
|
|
|
SHAREHOLDERS' EQUITY |
|
|
|
|
Avient shareholders' equity |
2,372.5 |
|
2,313.8 |
|
Noncontrolling interest |
15.9 |
|
15.8 |
|
Total equity |
2,388.4 |
|
2,329.6 |
|
Total liabilities and equity |
$ 6,055.8 |
|
$ 5,811.1 |
|
Attachment 5 |
|||
|
Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) |
|||
|
|
|||
|
|
Nine Months Ended September 30, |
||
|
|
2025 |
|
2024 |
|
Operating activities |
|
|
|
|
Net income |
$ 66.4 |
|
$ 122.2 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
Depreciation and amortization |
138.8 |
|
134.3 |
|
Cloud-based enterprise resource planning system impairment |
71.6 |
|
— |
|
Share-based compensation expense |
6.9 |
|
12.5 |
|
Changes in assets and liabilities: |
|
|
|
|
Increase in accounts receivable |
(66.4) |
|
(65.7) |
|
Increase in inventories |
(25.4) |
|
(30.2) |
|
Decrease in accounts payable |
(43.5) |
|
(5.7) |
|
Increase (decrease) in restructuring obligations |
4.1 |
|
(19.1) |
|
Decrease in environmental obligations |
(1.5) |
|
(6.6) |
|
Environmental insurance recovery |
34.0 |
|
— |
|
(Decrease) increase in incentive accruals |
(33.0) |
|
23.1 |
|
Accrued expenses and other assets and liabilities, net |
(18.2) |
|
(30.6) |
|
Net cash provided by operating activities |
133.8 |
|
134.2 |
|
|
|
|
|
|
Investing activities |
|
|
|
|
Capital expenditures |
(64.2) |
|
(80.8) |
|
Proceeds from plant closures |
— |
|
3.4 |
|
Other investing activities |
— |
|
(2.1) |
|
Net cash used by investing activities |
(64.2) |
|
(79.5) |
|
|
|
|
|
|
Financing activities |
|
|
|
|
Proceeds from long-term borrowings |
— |
|
650.0 |
|
Payments on long-term borrowings |
(100.2) |
|
(659.1) |
|
Cash dividends paid |
(74.1) |
|
(70.5) |
|
Debt financing costs |
(3.9) |
|
(9.6) |
|
Other financing activities |
(3.5) |
|
(4.6) |
|
Net cash used by financing activities |
(181.7) |
|
(93.8) |
|
Effect of exchange rate changes on cash |
13.2 |
|
(1.0) |
|
Decrease in cash and cash equivalents |
(98.9) |
|
(40.1) |
|
Cash and cash equivalents at beginning of year |
544.5 |
|
545.8 |
|
Cash and cash equivalents at end of period |
$ 445.6 |
|
$ 505.7 |
|
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 |
|||||||
|
|
|||||||
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Sales: |
|
|
|
|
|
|
|
|
Color, Additives and Inks |
$ 509.9 |
|
$ 521.5 |
|
$ 1,568.2 |
|
$ 1,578.8 |
|
Specialty Engineered Materials |
297.7 |
|
294.6 |
|
935.8 |
|
917.1 |
|
Corporate |
(1.1) |
|
(0.9) |
|
(4.4) |
|
(2.0) |
|
Sales |
$ 806.5 |
|
$ 815.2 |
|
$ 2,499.6 |
|
$ 2,493.9 |
|
|
|
|
|
|
|
|
|
|
Gross margin: |
|
|
|
|
|
|
|
|
Color, Additives and Inks |
$ 168.8 |
|
$ 172.8 |
|
$ 529.9 |
|
$ 528.5 |
|
Specialty Engineered Materials |
91.0 |
|
89.0 |
|
282.6 |
|
290.7 |
|
Corporate |
(14.9) |
|
(0.4) |
|
(26.5) |
|
(22.0) |
|
Gross margin |
$ 244.9 |
|
$ 261.4 |
|
$ 786.0 |
|
$ 797.2 |
|
|
|
|
|
|
|
|
|
|
Selling and administrative expense: |
|
|
|
|
|
|
|
|
Color, Additives and Inks |
$ 95.0 |
|
$ 97.3 |
|
$ 287.2 |
|
$ 292.1 |
|
Specialty Engineered Materials |
53.7 |
|
52.6 |
|
158.0 |
|
158.1 |
|
Corporate |
29.1 |
|
34.3 |
|
176.9 |
|
103.3 |
|
Selling and administrative expense |
$ 177.8 |
|
$ 184.2 |
|
$ 622.1 |
|
$ 553.5 |
|
|
|
|
|
|
|
|
|
|
Operating income: |
|
|
|
|
|
|
|
|
Color, Additives and Inks |
$ 73.8 |
|
$ 75.5 |
|
$ 242.7 |
|
$ 236.4 |
|
Specialty Engineered Materials |
37.3 |
|
36.4 |
|
124.6 |
|
132.6 |
|
Corporate |
(44.0) |
|
(34.7) |
|
(203.4) |
|
(125.3) |
|
Operating income |
$ 67.1 |
|
$ 77.2 |
|
$ 163.9 |
|
$ 243.7 |
|
|
|
|
|
|
|
|
|
|
Depreciation & amortization: |
|
|
|
|
|
|
|
|
Color, Additives and Inks |
$ 22.6 |
|
$ 21.9 |
|
$ 66.7 |
|
$ 65.6 |
|
Specialty Engineered Materials |
22.0 |
|
20.7 |
|
65.9 |
|
61.1 |
|
Corporate |
2.3 |
|
2.5 |
|
6.2 |
|
7.6 |
|
Depreciation & amortization |
$ 46.9 |
|
$ 45.1 |
|
$ 138.8 |
|
$ 134.3 |
|
|
|
|
|
|
|
|
|
|
Earnings before interest, taxes, depreciation and |
|
|
|
|
|
|
|
|
Color, Additives and Inks |
$ 96.4 |
|
$ 97.4 |
|
$ 309.4 |
|
$ 302.0 |
|
Specialty Engineered Materials |
59.3 |
|
57.1 |
|
190.5 |
|
193.7 |
|
Corporate |
(41.7) |
|
(32.2) |
|
(197.2) |
|
(117.7) |
|
Other expense, net |
— |
|
(0.3) |
|
(0.9) |
|
(2.1) |
|
EBITDA |
$ 114.0 |
|
$ 122.0 |
|
$ 301.8 |
|
$ 375.9 |
|
Special items, before tax |
19.4 |
|
9.7 |
|
127.9 |
|
44.0 |
|
Interest expense included in special items |
— |
|
(1.3) |
|
(2.0) |
|
(2.3) |
|
Depreciation & amortization included in special items |
(0.5) |
|
(0.4) |
|
(1.2) |
|
(1.2) |
|
Adjusted EBITDA |
$ 132.9 |
|
$ 130.0 |
|
$ 426.5 |
|
$ 416.4 |
|
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 |
|||||||
|
|
|||||||
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
||||
|
Reconciliation to Condensed Consolidated Statements of Income |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
|
|
|
|
|
|
|
|
|
Sales |
$ 806.5 |
|
$ 815.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin - GAAP |
244.9 |
|
261.4 |
|
786.0 |
|
797.2 |
|
Special items in gross margin (Attachment 3) |
14.7 |
|
0.6 |
|
26.2 |
|
22.6 |
|
Adjusted gross margin |
$ 259.6 |
|
$ 262.0 |
|
$ 812.2 |
|
$ 819.8 |
|
|
|
|
|
|
|
|
|
|
Adjusted gross margin as a percent of sales |
32.2 % |
|
32.1 % |
|
32.5 % |
|
32.9 % |
|
|
|
|
|
|
|
|
|
|
Operating income - GAAP |
67.1 |
|
77.2 |
|
163.9 |
|
243.7 |
|
Special items in operating income (Attachment 3) |
19.4 |
|
8.4 |
|
125.9 |
|
41.8 |
|
Adjusted operating income |
$ 86.5 |
|
$ 85.6 |
|
$ 289.8 |
|
$ 285.5 |
|
|
|
|
|
|
|
|
|
|
Adjusted operating income as a percent of sales |
10.7 % |
|
10.5 % |
|
11.6 % |
|
11.4 % |
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
||||
|
Reconciliation to EBITDA and Adjusted EBITDA: |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Net income - GAAP |
$ 32.8 |
|
$ 38.7 |
|
$ 66.4 |
|
$ 122.2 |
|
Income tax expense |
10.1 |
|
11.3 |
|
20.8 |
|
39.3 |
|
Interest expense, net |
24.2 |
|
26.9 |
|
75.8 |
|
80.1 |
|
Depreciation & amortization |
46.9 |
|
45.1 |
|
138.8 |
|
134.3 |
|
EBITDA |
$ 114.0 |
|
$ 122.0 |
|
$ 301.8 |
|
$ 375.9 |
|
Special items, before tax |
19.4 |
|
9.7 |
|
127.9 |
|
44.0 |
|
Interest expense included in special items |
— |
|
(1.3) |
|
(2.0) |
|
(2.3) |
|
Depreciation & amortization included in special items |
(0.5) |
|
(0.4) |
|
(1.2) |
|
(1.2) |
|
Adjusted EBITDA |
$ 132.9 |
|
$ 130.0 |
|
$ 426.5 |
|
$ 416.4 |
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA as a percent of sales |
16.5 % |
|
15.9 % |
|
17.1 % |
|
16.7 % |
|
|
Year Ended December 31, 2024 |
||
|
Reconciliation to Condensed Consolidated Statements of Income |
$ |
|
EPS(1) |
|
|
|
|
|
|
Net income attributable to Avient common shareholders |
$ 169.5 |
|
$ 1.84 |
|
Special items, after-tax |
15.9 |
|
0.17 |
|
Amortization expense, after-tax |
59.5 |
|
0.65 |
|
Adjusted net income / EPS |
$ 244.9 |
|
$ 2.66 |
|
|
|
(1) Per share amounts may not recalculate from figures presented herein due to rounding |
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SOURCE Avient Corporation
FAQ
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