Avient Corporation (NYSE: AVNT) will announce its fourth quarter 2020 earnings on February 9, 2021, before market open. Following the announcement, a conference call is scheduled for 9:00 a.m. ET on the same day. Investors can join the call by calling 1-844-835-7433 domestically or 1-914-495-8589 internationally, using conference ID 3293155. Recorded playback will be available for a week starting at 12:00 p.m. ET after the call. Avient reported pro forma revenues of approximately $3.8 billion in 2020, focusing on sustainable material solutions.
Avient Corporation (NYSE: POL) announced that it will release its second quarter 2020 earnings before the market opens on July 22, 2020. A conference call will take place at 8:00 a.m. ET on the same day to discuss the earnings report. Avient reported 2019 revenues of $2.9 billion and specializes in sustainable material solutions, offering technologies to extend shelf-life in food and packaging, lightweight materials, and improved recyclability. The company employs about 9,100 associates worldwide.
PolyOne Corporation (NYSE: POL) has successfully acquired the color masterbatch businesses of Clariant for a total of $1.44 billion, reflecting a 10.8x multiple of 2019 adjusted EBITDA. This strategic move will transition the company to its new name, Avient, effective July 1, 2020. Approximately 85% of Avient's adjusted EBITDA is now expected to arise from specialty applications. The acquisition enhances Avient's capabilities with 46 manufacturing operations across 29 countries and adds around 3,500 employees. The stock ticker symbol will change to AVNT on July 13, 2020.