Avient Corporation (AVNT) Financials

NYSE:AVNT

Market Cap

3.39B

Total Revenue

3.40B

Gross Profit

882.70M

Operating Income

183.60M

Net Income

83.10M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	3,771,200,000	3,835,500,000	3,377,600,000	3,339,800,000	3,229,900,000	3,533,400,000	2,862,700,000	3,242,100,000	4,818,800,000	3,396,900,000
costOfRevenue	3,109,000,000	3,127,600,000	2,696,100,000	2,633,600,000	2,510,900,000	2,788,500,000	2,205,500,000	2,457,800,000	3,719,200,000	2,514,200,000
grossProfit	662,200,000	707,900,000	681,500,000	706,200,000	719,000,000	744,900,000	657,200,000	784,300,000	1,099,600,000	882,700,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	54,500,000	--	--
generalAndAdministrativeExpenses	--	--	--	--	--	--	--	540,500,000	--	--
sellingGeneralAndAdministrativeExpenses	457,600,000	552,800,000	430,600,000	424,300,000	441,500,000	471,200,000	500,400,000	595,000,000	718,400,000	639,400,000
operatingExpenses	457,600,000	552,800,000	430,600,000	424,300,000	441,500,000	471,200,000	500,400,000	595,000,000	718,400,000	639,400,000
operatingIncome	231,500,000	155,100,000	250,900,000	281,900,000	277,500,000	273,700,000	156,800,000	189,300,000	381,200,000	183,600,000
totalOtherIncomeExpensesNet	9,900,000	-4,500,000	-19,100,000	200,000	-4,400,000	-13,700,000	-47,400,000	-50,300,000	-76,600,000	-119,800,000
ebitda	340,100,000	274,500,000	363,900,000	388,400,000	371,700,000	352,600,000	256,400,000	328,600,000	525,800,000	346,700,000
depreciationAndAmortization	109,800,000	123,900,000	115,700,000	105,900,000	98,300,000	91,500,000	99,600,000	139,300,000	144,600,000	163,100,000
interestIncome	--	--	--	--	--	--	--	--	--	--
interestExpense	63,500,000	62,200,000	64,100,000	59,800,000	60,800,000	62,800,000	59,500,000	74,600,000	75,300,000	119,800,000
incomeBeforeTax	151,000,000	88,400,000	167,700,000	222,300,000	212,300,000	197,200,000	109,400,000	139,000,000	304,600,000	63,800,000
incomeTaxExpense	58,100,000	11,200,000	23,000,000	57,300,000	38,700,000	36,400,000	33,700,000	5,200,000	74,000,000	-19,300,000
netIncome	243,800,000	79,200,000	144,600,000	165,200,000	-57,700,000	159,800,000	75,700,000	131,600,000	230,800,000	83,100,000
eps	2.55	0.86	1.65	1.97	-0.71	2.01	0.98	1.46	2.53	0.91
epsdiluted	2.53	0.85	1.63	1.95	-0.7	1.99	0.97	1.45	2.51	0.9
weightedAverageShsOut	95,500,000	92,300,000	87,800,000	83,900,000	81,500,000	79,700,000	77,200,000	90,100,000	91,400,000	91,200,000
weightedAverageShsOutDil	96,500,000	93,500,000	88,700,000	84,600,000	82,100,000	80,400,000	77,700,000	90,600,000	92,100,000	92,200,000
costAndExpenses	3,566,600,000	3,680,400,000	3,126,700,000	3,057,900,000	2,952,400,000	3,259,700,000	2,705,900,000	3,052,800,000	4,437,600,000	3,153,600,000
otherExpenses	-1,200,000	-4,500,000	-2,700,000	600,000	-4,100,000	-12,600,000	12,100,000	24,300,000	-1,300,000	-59,700,000

Key Facts

Industry

Specialty Chemicals

Sector

Basic Materials

Headquarters

Avon Lake, OH, US

Website

avient.com

CEO

Mr. Robert M. Patterson

Employees

9700

About the Company

Avient Corporation provides specialized formulator, services, and sustainable material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates through three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks. This segment products are used in various markets include medical, pharmaceutical devices, food packaging, personal care, cosmetics, transportation, building products, recreational, athletic apparel, construction, filtration, outdoor furniture, healthcare, wire, and cable. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials; and long glass and carbon fiber technology to thermoset and thermoplastic composites. The Distribution segment distributes approximately 4,000 grades of engineering and commodity grade resins to custom injection molders and extruders. The company sells its products through direct sales personnel, distributors, and commissioned sales agents. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. Avient Corporation was founded in 1885 and is headquartered in Avon Lake, Ohio.