Avient (NYSE: AVNT) lifts 2026 outlook after strong Q2 results
Rhea-AI Filing Summary
Avient Corporation reported strong second quarter 2026 results, with sales up 5.8% to $917.0 million, driven by 4.3% organic sales growth and 1.5% favorable foreign exchange. GAAP EPS was $0.70 versus $0.57 a year ago, while adjusted EPS rose 20% to $0.96 from $0.80, exceeding prior adjusted EPS guidance of $0.89 on better-than-expected organic volume growth.
Adjusted EBITDA was $168.2 million versus $148.9 million and adjusted EBITDA margins expanded by 110 basis points to a record 18.3%, with margin expansion in both Color, Additives and Inks and Specialty Engineered Materials. Net income attributable to common shareholders increased to $64.8 million from $52.6 million.
Strong cash generation supported $50 million of debt repayment in the quarter, and the company expects to repay $100–$150 million during 2026. Long-term debt declined to $1,875.3 million from $1,922.6 million at year-end 2025. Based on year-to-date performance and demand visibility, Avient raised its 2026 adjusted EBITDA outlook to $575–$603 million and increased full-year adjusted EPS guidance to $3.10–$3.25, representing 10%–15% adjusted EPS growth over the prior year.
Positive
- Second quarter sales grew 5.8% to $917.0 million, with organic growth in both business segments.
- Adjusted EPS increased 20% year over year to $0.96, exceeding prior guidance of $0.89.
- Adjusted EBITDA margin expanded 110 basis points to a record 18.3%, reflecting improved profitability.
- Avient raised 2026 adjusted EPS guidance to $3.10–$3.25 and adjusted EBITDA guidance to $575–$603 million.
- The company repaid $50 million of debt in the quarter and plans total 2026 repayments of $100–$150 million.
Negative
- None.
Filing Explained
At
8-K Event Classification
6 items: 1.6, 1.8, 2.02, 3.8, 9.01, 27.1
6 items
Item 1.6
Item 1.6
Item 1.8
Item 1.8
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 3.8
Item 3.8
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Item 27.1
Item 27.1
Key Figures
Q2 2026 Sales: $917.0 million
Q2 2026 GAAP EPS: $0.70
Q2 2026 Adjusted EPS: $0.96
+5 more
8 metrics
Q2 2026 Sales
$917.0 million
Second quarter 2026 sales, a 5.8% increase over the prior year quarter
Q2 2026 GAAP EPS
$0.70
Second quarter 2026 GAAP earnings per share versus $0.57 in Q2 2025
Q2 2026 Adjusted EPS
$0.96
Second quarter 2026 adjusted EPS, up 20% from $0.80 in the prior year quarter
Q2 2026 Adjusted EBITDA
$168.2 million
Second quarter 2026 adjusted EBITDA versus $148.9 million a year earlier
Q2 2026 Adjusted EBITDA Margin
18.3%
Second quarter 2026 adjusted EBITDA as a percent of sales, a record level
2026 Adjusted EPS Guidance
$3.10–$3.25
Updated 2026 full-year adjusted EPS guidance range, representing 10%–15% growth over prior year
2026 Adjusted EBITDA Guidance
$575–$603 million
Updated 2026 full-year adjusted EBITDA guidance range provided by management
Planned 2026 Debt Repayment
$100–$150 million
Total debt repayment expected during 2026, including $50 million repaid in Q2
Key Terms
organic sales growth, adjusted EBITDA, non-GAAP financial measures, special items, +2 more
6 terms
organic sales growth financial
"Second quarter sales grew 5.8% to $917 million, driven by 4.3% organic sales growth"
Organic sales growth measures how much a company’s revenue rises from its regular business activity — like selling more products, charging higher prices, or selling to more customers — without counting money from buying other businesses or one-time currency effects. Investors watch it because it shows whether demand and the company’s core operations are genuinely getting stronger, similar to judging a garden by how much the plants you planted yourself are growing rather than by adding bought potted plants.
adjusted EBITDA financial
"we are increasing our full-year 2026 adjusted EBITDA guidance to $575 to $603 million"
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.
non-GAAP financial measures financial
"The Company uses both GAAP and non-GAAP financial measures."
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
special items financial
"GAAP EPS includes special items of $0.09 and intangible amortization expense"
Special items are unusual or infrequent gains or losses that a company reports separately from its regular operating profit, such as restructuring costs, asset write-downs, legal settlements, or one-time gains from selling a business. Investors pay attention because these items can make reported profits look better or worse than the company’s ongoing performance—like a homeowner’s one-off roof repair affecting a single month’s budget but not the household’s regular income and expenses.
restructuring costs financial
"Restructuring costs, including accelerated depreciation"
Restructuring costs are the immediate expenses a company incurs when reorganizing operations, such as closing facilities, laying off staff, breaking leases, or consolidating divisions. Investors care because these upfront outlays can lower short-term profits but may reduce future running costs or improve efficiency—like paying to renovate a house to make it cheaper to maintain—so they signal whether near-term earnings are being affected and what benefits might follow.
environmental remediation costs financial
"Environmental remediation costs"
Costs a company incurs to clean up, contain or restore land, water, buildings or equipment after pollution, chemical spills, asbestos, or other hazardous conditions; think of it as the bill for restoring a property after a major mess. These expenses matter to investors because they can be large, unexpected cash outflows, reduce profits, trigger fines or legal claims, and affect the value and future use of assets — similar to how a homeowner’s unexpected repair bill can change household finances.
Earnings Snapshot
Sales: $917.0 million · Guidance included
second quarter 2026
Sales
$917.0 million
5.8% growth over the prior year quarter
GAAP EPS
$0.70
up from $0.57 in the prior year quarter
Adjusted EPS
$0.96
20% growth from $0.80 in the prior year quarter
Adjusted EBITDA
$168.2 million
up from $148.9 million in the prior year quarter
Adjusted EBITDA Margin
18.3%
expanded by 110 basis points from the prior year quarter
Guidance
For 2026, Avient raised adjusted EBITDA guidance to $575–$603 million and adjusted EPS guidance to $3.10–$3.25, stating this EPS range represents 10%–15% adjusted EPS growth over the prior year.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Avient (AVNT) perform in the second quarter of 2026?
Avient delivered solid second quarter 2026 results, with sales of $917.0 million and GAAP EPS of $0.70. Adjusted EPS was $0.96, up from $0.80 a year earlier, and adjusted EBITDA reached $168.2 million with an 18.3% margin.
What was Avient (AVNT) adjusted EPS and how did it compare to guidance?
Adjusted EPS for second quarter 2026 was $0.96, a 20% increase from $0.80 in 2025. This result exceeded Avient’s prior adjusted EPS guidance of $0.89, primarily due to better-than-expected organic volume growth across its business segments.
What 2026 full-year guidance did Avient (AVNT) provide?
Avient increased its 2026 outlook, guiding to adjusted EBITDA of $575–$603 million and adjusted EPS of $3.10–$3.25. The updated adjusted EPS range represents 10%–15% growth over the prior year’s adjusted EPS of $2.82.
How much debt is Avient (AVNT) repaying in 2026?
Avient repaid $50 million of debt during the second quarter of 2026 and expects total 2026 debt repayment of $100–$150 million. Long-term debt declined to $1,875.3 million from $1,922.6 million at December 31, 2025.
What drove Avient (AVNT) sales growth in Q2 2026?
Second quarter 2026 sales grew 5.8%, driven by 4.3% organic sales growth and 1.5% favorable foreign exchange. Management cited market share gains, new product innovation, pricing actions, and growth in both Color, Additives and Inks and Specialty Engineered Materials.
How did Avient (AVNT) profitability metrics trend in Q2 2026?
Profitability improved, with adjusted EBITDA rising to $168.2 million from $148.9 million and adjusted EBITDA margin expanding to a record 18.3%. Adjusted operating income increased to $121.7 million, and adjusted gross margin reached 34.2% of sales.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 6, 2026
| Avient Corporation | ||||||||
| (Exact Name of Registrant as Specified in Its Charter) | ||||||||
| Ohio | 1-16091 | 34-1730488 | ||||||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
33587 Walker Road
Avon Lake, Ohio 44012
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (440) 930-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Common Shares, par value $.01 per share | AVNT | New York Stock Exchange | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On August 6, 2026, the Registrant issued a press release, furnished herewith as Exhibit 99.1, announcing earnings for the second quarter of 2026. The press release shall not be deemed to be “filed” under the Securities Exchange Act of 1934.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Number | Exhibit | ||||
99.1 | Press release dated August 6, 2026. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AVIENT CORPORATION | |||||
| By: /s/ Giuseppe Di Salvo | |||||
| Name: Giuseppe Di Salvo | |||||
Title: Senior Vice President and Chief Financial Officer | |||||
| (Principal Financial Officer) | |||||
Dated: August 6, 2026
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Second Quarter 2026 Results; Increases Full-Year Guidance
•Second quarter sales grew 5.8% to $917 million, driven by 4.3% organic sales growth and 1.5% favorable foreign exchange, with organic growth in both business segments
•Second quarter GAAP EPS of $0.70 compared to $0.57 in the prior year quarter
•Second quarter adjusted EPS grew 20% over the prior year to $0.96; exceeded adjusted EPS guidance of $0.89, primarily driven by better-than-expected organic volume growth
•Strong cash flow generation in the quarter supported $50 million of debt repayment; expect to repay a total of $100 to $150 million during the full year 2026
•Increasing 2026 full year adjusted EPS guidance range to $3.10 to $3.25 from previous guidance of $2.93 to $3.17; updated full year adjusted EPS guidance range represents 10% to 15% growth over the prior year
CLEVELAND – August 6, 2026 – Avient Corporation (NYSE: AVNT), an innovator of materials solutions, today announced its second quarter results for 2026. Second quarter GAAP earnings per share (EPS) were $0.70 compared to $0.57 in the prior year quarter.
The company noted that in the second quarter 2026, GAAP EPS includes special items of $0.09 and intangible amortization expense of $0.17 compared to special items of $0.07 and intangible amortization of $0.16 in the second quarter 2025 (see attachment 1).
Second quarter 2026 adjusted EPS was $0.96 compared to $0.80 in the prior year quarter, reflecting 20% growth in adjusted EPS over the prior year.
"Our teams delivered another quarter of strong execution, generating organic growth and adjusted EBITDA margin expansion in each of our two business segments. By remaining close to our customers, proactively managing inflation and supply chain disruptions, we delivered profitable growth across the portfolio," said Dr. Ashish Khandpur, Chairman, President and Chief Executive Officer, Avient Corporation.
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"Organic sales growth was driven by a combination of market share gains, new product innovation, and pricing actions. Our performance reflects the team’s execution of our strategy to intersect Avient’s capabilities with high growth secular trends while driving productivity improvements to enable both top-line growth and margin expansion. As a result, organic sales grew 4.3% and adjusted EBITDA margins expanded by 110 basis points to a record high 18.3%.” added Dr. Khandpur.
2026 Outlook
“Our teams once again demonstrated strong operational discipline to manage a volatile business environment while executing our strategy to drive long-term value creation. Supported by our year-to-date results and visibility into third quarter demand, we are increasing our full-year 2026 adjusted EBITDA guidance to $575 to $603 million and adjusted EPS guidance to $3.10 to $3.25, representing 10% to 15% adjusted EPS growth for the year,” said Joe Di Salvo, Senior Vice President and Chief Financial Officer.
“Strong cash generation continues to support both investment in growth and balance sheet improvement. We expect to repay a total of $100 to $150 million of debt during 2026, including $50 million repaid during the second quarter," said Mr. Di Salvo.
Dr. Khandpur added, "Our strategy continues to produce strong financial results, delivering earnings growth in both 2024 and 2025 and positioning us to deliver double-digit adjusted EPS growth in 2026. As we look ahead, we remain focused on balancing strong near-term execution and financial performance with targeted investments in our prioritized growth portfolios, while continuing to serve our customers with innovation, quality, and reliability that underpin long-term value creation."
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Webcast Details
Avient will provide additional details on its 2026 second quarter and its 2026 full year outlook during its webcast scheduled for 8:00 a.m. Eastern Time on August 6, 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.
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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.
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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.
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Investor Relations Contact:
Avient Investor Relations
InvestorRelations@avient.com
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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 June 30, | |||||||||||||||||||||||
| 2026 | 2025 | ||||||||||||||||||||||
| Reconciliation to Condensed Consolidated Statements of Income | $ | EPS(1) | $ | EPS(1) | |||||||||||||||||||
| Net income attributable to Avient common shareholders | $ | 64.8 | $ | 0.70 | $ | 52.6 | $ | 0.57 | |||||||||||||||
| Special items, after-tax (Attachment 3) | 8.2 | 0.09 | 5.7 | 0.07 | |||||||||||||||||||
| Amortization expense, after-tax | 15.3 | 0.17 | 15.2 | 0.16 | |||||||||||||||||||
| Adjusted net income / EPS | $ | 88.3 | $ | 0.96 | $ | 73.5 | $ | 0.80 | |||||||||||||||
(1) Per share amounts may not recalculate from figures presented herein due to rounding
| Six Months Ended June 30, | |||||||||||||||||||||||
| 2026 | 2025 | ||||||||||||||||||||||
| Reconciliation to Condensed Consolidated Statements of Income | $ | EPS(1) | $ | EPS(1) | |||||||||||||||||||
| Net income attributable to Avient common shareholders | $ | 120.5 | $ | 1.31 | $ | 32.4 | $ | 0.35 | |||||||||||||||
| Special items, after-tax (Attachment 3) | 13.7 | 0.15 | 81.4 | 0.89 | |||||||||||||||||||
| Amortization expense, after-tax | 30.8 | 0.33 | 29.7 | 0.32 | |||||||||||||||||||
| Adjusted net income / EPS | $ | 165.0 | $ | 1.79 | $ | 143.5 | $ | 1.56 | |||||||||||||||
(1) Per share amounts may not recalculate from figures presented herein due to rounding
| Year Ended | |||||||||||
| December 31, 2025 | |||||||||||
| Reconciliation to Condensed Consolidated Statements of Income | $ | EPS(1) | |||||||||
| Net income attributable to Avient common shareholders | $ | 81.9 | $ | 0.89 | |||||||
| Special items, after-tax | 116.4 | 1.27 | |||||||||
| Amortization expense, after-tax | 60.7 | 0.66 | |||||||||
| Adjusted net income / EPS | $ | 259.0 | $ | 2.82 | |||||||
(1) Per share amounts may not recalculate from figures presented herein due to rounding
7
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Sales | $ | 917.0 | $ | 866.5 | $ | 1,764.4 | $ | 1,693.1 | |||||||||||||||
| Cost of sales | 609.4 | 588.6 | 1,184.2 | 1,152.0 | |||||||||||||||||||
| Gross margin | 307.6 | 277.9 | 580.2 | 541.1 | |||||||||||||||||||
| Selling and administrative expense | 195.2 | 181.8 | 372.0 | 444.3 | |||||||||||||||||||
| Operating income | 112.4 | 96.1 | 208.2 | 96.8 | |||||||||||||||||||
| Interest expense, net | (22.3) | (24.7) | (44.3) | (51.6) | |||||||||||||||||||
| Other expense, net | (1.0) | (0.5) | (2.5) | (0.9) | |||||||||||||||||||
| Income before income taxes | 89.1 | 70.9 | 161.4 | 44.3 | |||||||||||||||||||
| Income tax expense | (23.4) | (17.4) | (39.9) | (10.7) | |||||||||||||||||||
| Net income | $ | 65.7 | $ | 53.5 | $ | 121.5 | $ | 33.6 | |||||||||||||||
| Net income attributable to noncontrolling interests | (0.9) | (0.9) | (1.0) | (1.2) | |||||||||||||||||||
| Net income attributable to Avient common shareholders | $ | 64.8 | $ | 52.6 | $ | 120.5 | $ | 32.4 | |||||||||||||||
| Earnings per share attributable to Avient common shareholders - Basic: | $ | 0.71 | $ | 0.57 | $ | 1.31 | $ | 0.35 | |||||||||||||||
| Earnings per share attributable to Avient common shareholders - Diluted: | $ | 0.70 | $ | 0.57 | $ | 1.31 | $ | 0.35 | |||||||||||||||
| Cash dividends declared per share of common stock | $ | 0.2750 | $ | 0.2700 | $ | 0.5500 | $ | 0.5400 | |||||||||||||||
| Weighted-average shares used to compute earnings per common share: | |||||||||||||||||||||||
| Basic | 91.7 | 91.5 | 91.7 | 91.5 | |||||||||||||||||||
| Diluted | 92.2 | 91.8 | 92.2 | 91.8 | |||||||||||||||||||
8
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1) | Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Cost of sales: | |||||||||||||||||||||||
| Restructuring costs, including accelerated depreciation | $ | (1.6) | $ | (2.6) | $ | (4.8) | $ | (6.7) | |||||||||||||||
| Environmental remediation costs | (4.7) | (1.8) | (8.6) | (6.7) | |||||||||||||||||||
| Reimbursement of previously incurred environmental costs | — | 0.6 | 0.3 | 1.9 | |||||||||||||||||||
| Impact on cost of sales | (6.3) | (3.8) | (13.1) | (11.5) | |||||||||||||||||||
| Selling and administrative expense: | |||||||||||||||||||||||
| Restructuring and employee separation costs | (0.7) | (2.7) | (1.5) | (7.8) | |||||||||||||||||||
| Legal and other | (2.3) | (0.5) | (3.6) | (0.9) | |||||||||||||||||||
| Cloud-based enterprise resource planning system impairment | — | — | — | (86.3) | |||||||||||||||||||
| Impact on selling and administrative expense | (3.0) | (3.2) | (5.1) | (95.0) | |||||||||||||||||||
| Impact on operating income | (9.3) | (7.0) | (18.2) | (106.5) | |||||||||||||||||||
| Interest expense, net - financing costs | — | (0.3) | — | (2.0) | |||||||||||||||||||
Impact on income before income taxes | (9.3) | (7.3) | (18.2) | (108.5) | |||||||||||||||||||
Income tax benefit on special items | 1.8 | 1.6 | 3.8 | 27.1 | |||||||||||||||||||
Tax adjustments(2) | (0.7) | — | 0.7 | — | |||||||||||||||||||
Impact of special items on net income | $ | (8.2) | $ | (5.7) | $ | (13.7) | $ | (81.4) | |||||||||||||||
| Diluted earnings per common share impact | $ | (0.09) | $ | (0.07) | $ | (0.15) | $ | (0.89) | |||||||||||||||
Weighted average shares used to compute adjusted earnings per share: | |||||||||||||||||||||||
| Diluted | 92.2 | 91.8 | 92.2 | 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.
9
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited) June 30, 2026 | December 31, 2025 | ||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 425.6 | $ | 510.5 | |||||||
| Accounts receivable, net | 553.5 | 435.0 | |||||||||
| Inventories, net | 443.0 | 367.2 | |||||||||
| Other current assets | 111.3 | 88.2 | |||||||||
| Total current assets | 1,533.4 | 1,400.9 | |||||||||
| Property, net | 961.9 | 988.8 | |||||||||
| Goodwill | 1,737.6 | 1,757.6 | |||||||||
| Intangible assets, net | 1,420.8 | 1,492.4 | |||||||||
| Other non-current assets | 351.1 | 385.9 | |||||||||
| Total assets | $ | 6,004.8 | $ | 6,025.6 | |||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Short-term and current portion of long-term debt | $ | 0.5 | $ | 0.5 | |||||||
| Accounts payable | 474.7 | 410.0 | |||||||||
| Accrued expenses and other current liabilities | 331.7 | 435.8 | |||||||||
| Total current liabilities | 806.9 | 846.3 | |||||||||
| Non-current liabilities: | |||||||||||
| Long-term debt | 1,875.3 | 1,922.6 | |||||||||
| Deferred income taxes | 278.1 | 285.7 | |||||||||
| Other non-current liabilities | 594.5 | 584.7 | |||||||||
| Total non-current liabilities | 2,747.9 | 2,793.0 | |||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Avient shareholders’ equity | 2,436.9 | 2,374.2 | |||||||||
| Noncontrolling interest | 13.1 | 12.1 | |||||||||
| Total equity | 2,450.0 | 2,386.3 | |||||||||
| Total liabilities and equity | $ | 6,004.8 | $ | 6,025.6 | |||||||
10
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Six Months Ended June 30, | |||||||||||
| 2026 | 2025 | ||||||||||
| Operating activities | |||||||||||
| Net income | $ | 121.5 | $ | 33.6 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 96.7 | 91.9 | |||||||||
| Cloud-based enterprise resource planning system impairment | — | 71.6 | |||||||||
| Share-based compensation expense | 4.1 | 4.6 | |||||||||
| Changes in assets and liabilities: | |||||||||||
| Increase in accounts receivable | (124.8) | (102.9) | |||||||||
| Increase in inventories | (80.5) | (20.8) | |||||||||
| Increase in accounts payable | 69.0 | 1.4 | |||||||||
| (Decrease) increase in restructuring obligations | (11.1) | 3.2 | |||||||||
| Decrease in incentive accruals | (2.3) | (40.6) | |||||||||
| Environmental insurance recovery | — | 34.0 | |||||||||
| Accrued expenses and other assets and liabilities, net | (13.3) | (14.3) | |||||||||
| Net cash provided by operating activities | 59.3 | 61.7 | |||||||||
| Investing activities | |||||||||||
| Capital expenditures | (41.3) | (39.5) | |||||||||
| Net cash used in investing activities | (41.3) | (39.5) | |||||||||
| Financing activities | |||||||||||
| Cash dividends paid | (50.4) | (49.4) | |||||||||
| Payments on long-term borrowings | (50.0) | (50.2) | |||||||||
| Other financing activities | (2.6) | (6.8) | |||||||||
| Net cash used in financing activities | (103.0) | (106.4) | |||||||||
| Effect of exchange rate changes on cash | 0.1 | 14.2 | |||||||||
| Decrease in cash and cash equivalents | (84.9) | (70.0) | |||||||||
| Cash and cash equivalents at beginning of year | 510.5 | 544.5 | |||||||||
| Cash and cash equivalents at end of period | 425.6 | 474.5 | |||||||||
11
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 June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Sales: | |||||||||||||||||||||||
| Color, Additives and Inks | $ | 574.2 | $ | 538.6 | $ | 1,102.3 | $ | 1,058.3 | |||||||||||||||
| Specialty Engineered Materials | 343.9 | 329.7 | 664.1 | 638.1 | |||||||||||||||||||
| Corporate | (1.1) | (1.8) | (2.0) | (3.3) | |||||||||||||||||||
| Sales | $ | 917.0 | $ | 866.5 | $ | 1,764.4 | $ | 1,693.1 | |||||||||||||||
| Gross margin: | |||||||||||||||||||||||
| Color, Additives and Inks | $ | 205.2 | $ | 188.0 | $ | 383.9 | $ | 361.1 | |||||||||||||||
| Specialty Engineered Materials | 109.3 | 93.8 | 209.9 | 191.6 | |||||||||||||||||||
| Corporate | (6.9) | (3.9) | (13.6) | (11.6) | |||||||||||||||||||
| Gross margin | $ | 307.6 | $ | 277.9 | $ | 580.2 | $ | 541.1 | |||||||||||||||
| Selling and administrative expense: | |||||||||||||||||||||||
| Color, Additives and Inks | $ | 103.4 | $ | 97.7 | $ | 200.7 | $ | 192.2 | |||||||||||||||
| Specialty Engineered Materials | 56.6 | 53.6 | 109.8 | 104.3 | |||||||||||||||||||
| Corporate | 35.2 | 30.5 | 61.5 | 147.8 | |||||||||||||||||||
| Selling and administrative expense | $ | 195.2 | $ | 181.8 | $ | 372.0 | $ | 444.3 | |||||||||||||||
| Operating income: | |||||||||||||||||||||||
| Color, Additives and Inks | $ | 101.8 | $ | 90.3 | $ | 183.2 | $ | 168.9 | |||||||||||||||
| Specialty Engineered Materials | 52.7 | 40.2 | 100.1 | 87.3 | |||||||||||||||||||
| Corporate | (42.1) | (34.4) | (75.1) | (159.4) | |||||||||||||||||||
| Operating income | $ | 112.4 | $ | 96.1 | $ | 208.2 | $ | 96.8 | |||||||||||||||
| Depreciation & amortization: | |||||||||||||||||||||||
| Color, Additives and Inks | $ | 22.7 | $ | 22.4 | $ | 45.1 | $ | 44.1 | |||||||||||||||
| Specialty Engineered Materials | 23.1 | 22.4 | 45.7 | 43.9 | |||||||||||||||||||
| Corporate | 2.8 | 1.8 | 5.9 | 3.9 | |||||||||||||||||||
| Depreciation & amortization | $ | 48.6 | $ | 46.6 | $ | 96.7 | $ | 91.9 | |||||||||||||||
Earnings before interest, taxes, depreciation and amortization (EBITDA): | |||||||||||||||||||||||
| Color, Additives and Inks | $ | 124.5 | $ | 112.7 | $ | 228.3 | $ | 213.0 | |||||||||||||||
| Specialty Engineered Materials | 75.8 | 62.6 | 145.8 | 131.2 | |||||||||||||||||||
| Corporate | (39.3) | (32.6) | (69.2) | (155.5) | |||||||||||||||||||
| Other expense, net | (1.0) | (0.5) | (2.5) | (0.9) | |||||||||||||||||||
| EBITDA | $ | 160.0 | $ | 142.2 | $ | 302.4 | $ | 187.8 | |||||||||||||||
| Special items, before tax | 9.3 | 7.3 | 18.2 | 108.5 | |||||||||||||||||||
| Interest expense included in special items | — | (0.3) | — | (2.0) | |||||||||||||||||||
| Depreciation & amortization included in special items | (1.1) | (0.3) | (2.5) | (0.7) | |||||||||||||||||||
| Adjusted EBITDA | $ | 168.2 | $ | 148.9 | $ | 318.1 | $ | 293.6 | |||||||||||||||
12
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 June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| Reconciliation to Condensed Consolidated Statements of Income | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||
| Sales | $ | 917.0 | $ | 866.5 | $ | 1,764.4 | $ | 1,693.1 | |||||||||||||||
| Gross margin - GAAP | 307.6 | 277.9 | 580.2 | 541.1 | |||||||||||||||||||
| Special items in gross margin (Attachment 3) | 6.3 | 3.8 | 13.1 | 11.5 | |||||||||||||||||||
| Adjusted gross margin | $ | 313.9 | $ | 281.7 | $ | 593.3 | $ | 552.6 | |||||||||||||||
| Adjusted gross margin as a percent of sales | 34.2 | % | 32.5 | % | 33.6 | % | 32.6 | % | |||||||||||||||
| Operating income - GAAP | 112.4 | 96.1 | 208.2 | 96.8 | |||||||||||||||||||
| Special items in operating income (Attachment 3) | 9.3 | 7.0 | 18.2 | 106.5 | |||||||||||||||||||
| Adjusted operating income | $ | 121.7 | $ | 103.1 | $ | 226.4 | $ | 203.3 | |||||||||||||||
| Adjusted operating income as a percent of sales | 13.3 | % | 11.9 | % | 12.8 | % | 12.0 | % | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| Reconciliation to EBITDA and Adjusted EBITDA: | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||
| Net income - GAAP | $ | 65.7 | $ | 53.5 | $ | 121.5 | $ | 33.6 | |||||||||||||||
| Income tax expense | 23.4 | 17.4 | 39.9 | 10.7 | |||||||||||||||||||
| Interest expense, net | 22.3 | 24.7 | 44.3 | 51.6 | |||||||||||||||||||
| Depreciation & amortization | 48.6 | 46.6 | 96.7 | 91.9 | |||||||||||||||||||
| EBITDA | $ | 160.0 | $ | 142.2 | $ | 302.4 | $ | 187.8 | |||||||||||||||
| Special items, before tax | 9.3 | 7.3 | 18.2 | 108.5 | |||||||||||||||||||
| Interest expense included in special items | — | (0.3) | — | (2.0) | |||||||||||||||||||
| Depreciation & amortization included in special items | (1.1) | (0.3) | (2.5) | (0.7) | |||||||||||||||||||
| Adjusted EBITDA | $ | 168.2 | $ | 148.9 | $ | 318.1 | $ | 293.6 | |||||||||||||||
| Adjusted EBITDA as a percent of sales | 18.3 | % | 17.2 | % | 18.0 | % | 17.3 | % | |||||||||||||||
13
Attachment 7
| Year Ended December 31, | |||||||||||
| Reconciliation to EBITDA and Adjusted EBITDA: | 2025 | ||||||||||
| Net income – GAAP | $ | 83.6 | |||||||||
| Income tax expense | 28.1 | ||||||||||
| Interest expense, net | 98.6 | ||||||||||
| Depreciation & amortization | 185.9 | ||||||||||
| EBITDA | $ | 396.2 | |||||||||
| Special items, before tax | 152.2 | ||||||||||
| Interest expense included in special items | (2.0) | ||||||||||
| Depreciation & amortization included in special items | (1.8) | ||||||||||
| Adjusted EBITDA | $ | 544.6 | |||||||||
| Adjusted EBITDA as a percent of sales | 16.7 | % | |||||||||
14