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Complete financial analysis of Avient Corporation (AVNT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Avient Corporation, a leading company in the Chemicals – Specialty industry within the Basic Materials sector.
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Avient Corporation (AVNT)
About Avient Corporation
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.14B | 3.40B | 4.82B | 3.24B | 2.86B | 3.53B | 3.23B | 3.34B | 3.38B | 3.84B | 3.77B | 2.99B | 2.86B | 2.62B | 2.06B | 2.74B | 2.64B | 2.62B | 2.45B | 2.16B | 1.96B | 2.50B | 2.65B | 1.89B | 1.26B |
| Cost of Revenue | 2.24B | 2.51B | 3.72B | 2.46B | 2.21B | 2.79B | 2.51B | 2.63B | 2.70B | 3.13B | 3.11B | 2.43B | 2.40B | 2.19B | 1.74B | 2.44B | 2.34B | 2.28B | 2.15B | 1.84B | 1.66B | 2.10B | 2.22B | 1.60B | 1.03B |
| Gross Profit | 902.70M | 882.70M | 1.10B | 784.30M | 657.20M | 744.90M | 719.00M | 706.20M | 681.50M | 707.90M | 662.20M | 564.30M | 462.70M | 428.90M | 322.20M | 296.60M | 305.40M | 339.70M | 297.10M | 324.00M | 299.80M | 400.00M | 431.60M | 289.00M | 232.30M |
| Gross Profit Ratio | 28.72% | 25.99% | 22.82% | 24.19% | 22.96% | 21.08% | 22.26% | 21.14% | 20.18% | 18.46% | 17.56% | 18.86% | 16.16% | 16.36% | 15.64% | 10.83% | 11.56% | 12.95% | 12.12% | 14.99% | 15.26% | 16.01% | 16.26% | 15.31% | 18.42% |
| Research & Development | 90.30M | 84.90M | 83.20M | 59.80M | 50.60M | 49.60M | 52.10M | 50.40M | 53.00M | 53.40M | 52.60M | 41.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 540.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 304.20M | 191.50M | 97.40M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 54.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 590.90M | 639.40M | 718.40M | 595.00M | 500.40M | 471.20M | 441.50M | 424.30M | 430.60M | 552.80M | 457.60M | 420.60M | 381.70M | 296.60M | 272.30M | 287.10M | 241.80M | 201.30M | 178.20M | 201.20M | 243.80M | 302.60M | 304.20M | 191.50M | 97.40M |
| Other Expenses | 0.00 | -59.70M | -1.30M | 24.30M | 12.10M | -12.60M | -4.10M | 600.00K | -2.70M | -4.50M | -1.20M | -3.30M | -152.00M | -42.00M | -35.20M | 271.60M | 29.70M | -51.80M | -21.40M | 3.20M | 60.00M | 58.50M | 138.60M | 23.20M | 35.20M |
| Operating Expenses | 695.70M | 639.40M | 718.40M | 595.00M | 500.40M | 471.20M | 441.50M | 424.30M | 430.60M | 552.80M | 457.60M | 420.60M | 229.70M | 254.60M | 237.10M | 558.70M | 271.50M | 149.50M | 156.80M | 204.40M | 303.80M | 361.10M | 442.80M | 214.70M | 132.60M |
| Cost & Expenses | 2.92B | 3.15B | 4.44B | 3.05B | 2.71B | 3.26B | 2.95B | 3.06B | 3.13B | 3.68B | 3.57B | 2.85B | 2.63B | 2.45B | 1.98B | 3.00B | 2.61B | 2.43B | 2.31B | 2.04B | 1.97B | 2.46B | 2.67B | 1.81B | 1.16B |
| Interest Income | 0.00 | 34.00M | 17.50M | 41.20M | 11.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.40M | 4.50M | 3.40M | 1.90M | 1.50M | 900.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 115.30M | 119.80M | 75.30M | 74.60M | 59.50M | 62.80M | 60.80M | 59.80M | 64.10M | 62.20M | 63.50M | 50.80M | 33.70M | 31.50M | 34.30M | 40.60M | 85.70M | 82.90M | 98.90M | 116.30M | 291.20M | 118.40M | 117.50M | 64.10M | 0.00 |
| Depreciation & Amortization | 188.80M | 181.10M | 164.30M | 132.10M | 88.30M | 95.70M | 97.60M | 84.00M | 115.70M | 123.90M | 109.80M | 69.80M | 57.50M | 55.20M | 64.80M | 68.00M | 57.40M | 57.10M | 50.70M | 50.90M | 51.40M | 72.50M | 91.30M | 57.40M | 44.40M |
| EBITDA | 391.40M | 427.20M | 472.90M | 352.90M | 275.80M | 265.10M | 371.40M | 371.10M | 363.90M | 284.40M | 325.20M | 203.90M | 260.10M | 229.50M | 135.30M | -48.00M | 91.30M | 247.30M | 191.00M | 179.30M | 42.80M | 56.00M | 15.70M | 130.00M | 144.10M |
| EBITDA Ratio | 12.45% | 10.21% | 10.91% | 10.14% | 8.96% | 9.98% | 11.51% | 11.63% | 10.77% | 7.16% | 9.02% | 7.81% | 10.14% | 8.75% | 7.27% | -13.13% | 4.19% | 9.81% | 8.29% | 9.45% | 5.28% | 5.08% | 5.16% | 7.82% | 11.71% |
| Operating Income | 221.50M | 183.60M | 381.20M | 189.30M | 156.80M | 273.70M | 277.50M | 281.90M | 250.90M | 155.10M | 231.50M | 167.10M | 233.00M | 174.30M | 80.10M | -129.30M | 33.90M | 190.20M | 140.30M | 119.60M | -4.00M | 38.90M | -17.10M | 64.80M | 99.70M |
| Operating Income Ratio | 7.05% | 5.40% | 7.91% | 5.84% | 5.48% | 7.75% | 8.59% | 8.44% | 7.43% | 4.04% | 6.14% | 5.58% | 8.14% | 6.65% | 3.89% | -4.72% | 1.28% | 7.25% | 5.73% | 5.53% | -0.20% | 1.56% | -0.64% | 3.43% | 7.91% |
| Total Other Income/Expenses | -134.20M | -119.80M | -177.70M | -50.30M | -47.40M | -76.80M | -65.20M | -55.30M | -83.20M | -66.70M | -80.50M | -54.10M | -34.30M | -63.30M | -25.60M | -41.80M | -66.30M | -70.30M | -71.50M | -78.30M | -68.10M | -16.80M | -80.70M | -39.30M | 74.30M |
| Income Before Tax | 87.30M | 63.80M | 304.60M | 139.00M | 109.40M | 197.20M | 212.30M | 222.30M | 167.70M | 88.40M | 151.00M | 113.00M | 198.70M | 111.00M | 36.20M | -171.10M | -32.40M | 119.90M | 68.80M | 32.20M | -83.00M | -11.80M | -71.70M | 26.10M | 174.00M |
| Income Before Tax Ratio | 2.78% | 1.88% | 6.32% | 4.29% | 3.82% | 5.58% | 6.57% | 6.66% | 4.97% | 2.30% | 4.00% | 3.78% | 6.94% | 4.23% | 1.76% | -6.25% | -1.23% | 4.57% | 2.81% | 1.49% | -4.22% | -0.47% | -2.70% | 1.38% | 13.80% |
| Income Tax Expense | 11.00M | -19.30M | 74.00M | 5.20M | 33.70M | 36.40M | 38.70M | 57.30M | 23.00M | 11.20M | 58.10M | 41.20M | 26.10M | -51.60M | -13.30M | 101.80M | -43.80M | -6.00M | 6.60M | 13.60M | 12.30M | -5.20M | -25.60M | 10.20M | 67.80M |
| Net Income | 75.70M | 83.10M | 230.80M | 131.60M | 75.70M | 159.80M | -57.70M | 165.20M | 144.60M | 79.20M | 243.80M | 71.90M | 172.60M | 162.60M | 49.50M | -272.90M | 11.40M | 123.20M | 46.90M | 23.50M | -251.10M | -58.90M | -46.10M | 15.90M | 104.70M |
| Net Income Ratio | 2.41% | 2.45% | 4.79% | 4.06% | 2.64% | 4.52% | -1.79% | 4.95% | 4.28% | 2.06% | 6.46% | 2.40% | 6.03% | 6.20% | 2.40% | -9.96% | 0.43% | 4.70% | 1.91% | 1.09% | -12.78% | -2.36% | -1.74% | 0.84% | 8.30% |
| EPS | 0.83 | 0.91 | 2.53 | 1.46 | 0.98 | 2.01 | -0.71 | 1.97 | 1.65 | 0.86 | 2.55 | 0.81 | 1.87 | 1.75 | 0.54 | -2.94 | 0.12 | 1.33 | 0.51 | 0.26 | -3.07 | -0.65 | -0.51 | 0.26 | 2.25 |
| EPS Diluted | 0.82 | 0.90 | 2.51 | 1.45 | 0.97 | 1.99 | -0.70 | 1.95 | 1.63 | 0.85 | 2.53 | 0.80 | 1.83 | 1.69 | 0.53 | -2.94 | 0.12 | 1.33 | 0.51 | 0.26 | -2.76 | -0.64 | -0.51 | 0.26 | 2.15 |
| Weighted Avg Shares Out | 91.10M | 91.20M | 91.40M | 90.10M | 77.20M | 79.70M | 81.50M | 83.90M | 87.80M | 92.30M | 95.50M | 89.10M | 92.20M | 93.10M | 92.40M | 92.70M | 92.80M | 92.40M | 91.90M | 91.60M | 81.79M | 90.62M | 90.39M | 61.40M | 46.60M |
| Weighted Avg Shares Out (Dil) | 91.80M | 92.20M | 92.10M | 90.60M | 77.70M | 80.40M | 82.10M | 84.60M | 88.70M | 93.50M | 96.50M | 89.80M | 94.30M | 96.00M | 93.40M | 92.70M | 93.10M | 92.80M | 92.00M | 91.80M | 91.00M | 92.10M | 90.40M | 62.00M | 48.60M |
Avient Announces Quarterly Dividend
CLEVELAND , July 11, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on...
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Dublin, July 10, 2024 (GLOBE NEWSWIRE) -- The "Pultrusion Market: Trends, Opportunities and Competitive Analysis [2024-2030]" report has been added to ResearchAndMarkets.com's offering. The future of the global pultrusion market looks good with opportunities in the construction, wind energy, transportation,...
Avient To Hold Second Quarter 2024 Conference Call
CLEVELAND , July 9, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its second quarter 2024 earnings before the market opens on Tuesday, August 6, 2024. The company will...
Will Avient (AVNT) Beat Estimates Again in Its Next Earnings Report?
Avient (AVNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is The Options Market Predicting A Spike In Avient (AVNT) Stock?
Investors need to pay close attention to Avient (AVNT) stock based on the movements in the options market lately.
Avient (AVNT) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
Avient (AVNT) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
Are You Looking for a High-Growth Dividend Stock?
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your...
Avient Announces Quarterly Dividend
CLEVELAND , May 16, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on...
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