Avient Corporation (AVNT) Income Statement Analysis

See more : Chemring Group PLC (CMGMF) Income Statement Analysis – Financial Results

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)

Industry: Chemicals - Specialty

Sector: Basic Materials

Website: https://www.avient.com

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

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Investors interested in stocks from the Chemical - Diversified sector have probably already heard of Avient (AVNT) and Air Products and Chemicals (APD). But which of these two stocks presents investors with the better value opportunity right now?

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April 3, 2024prnewswire.com

CLEVELAND , April 3, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its first quarter 2024 earnings before the market opens on Tuesday, May 7, 2024. The company will...

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Avient's adjusted EPS and adjusted EBITDA both rose year over year in Q4 2023, with lower raw material costs being one of the key factors. For full year 2024, management expects adjusted EPS of $2.40-$2.65, versus $2.36 per share in...

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While the top- and bottom-line numbers for Avient (AVNT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates...

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February 14, 2024zacks.com

Avient (AVNT) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.39 per share a year ago.

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February 14, 2024prnewswire.com

Fourth quarter and full year GAAP EPS of $0.30 and $0.83 compared to $(0.19) and $0.90 from continuing operations in the prior year Fourth quarter and full year adjusted EPS of $0.52 and $2.36 exceeds guidance of $0.47 and $2.30...

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Avient Corporation (AVNT) Income Statement Analysis – Financial Results

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