See more : Acer Medical Inc. (6857.TWO) 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)
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 , Feb. 12, 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...
What Analyst Projections for Key Metrics Reveal About Avient (AVNT) Q4 Earnings
Get a deeper insight into the potential performance of Avient (AVNT) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
JMPLY or AVNT: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Chemical - Diversified sector might want to consider either Johnson Matthey PLC (JMPLY) or Avient (AVNT). But which of these two stocks offers value investors a better bang for their buck right now?
ARKAY vs. AVNT: Which Stock Is the Better Value Option?
Investors with an interest in Chemical - Diversified stocks have likely encountered both Arkema SA (ARKAY) and Avient (AVNT). But which of these two companies is the best option for those looking for undervalued stocks?
Avient To Hold Fourth Quarter 2023 Conference Call
CLEVELAND , Jan. 8, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its fourth quarter 2023 earnings before the market opens on Wednesday, February 14, 2024. The company will...
15 Upcoming Dividend Increases
December is the last opportunity for companies to announce yearly dividend increases. 15 companies expected to raise their dividends in the upcoming week, with a focus on up-and-comers in the dividend growth space. The companies feature an average increase of...
Avient Appoints Ashish K. Khandpur as Chief Executive Officer Effective December 1, 2023
Robert M. Patterson to Remain in an Advisory Role Until His Retirement on May 31, 2024 Richard H. Fearon Appointed Non-Executive Chairman of the Board CLEVELAND , Nov. 13, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of...
Avient Corporation (AVNT) Q3 2023 Earnings Call Transcript
Avient Corporation (NYSE:AVNT ) Q3 2023 Earnings Call Transcript November 2, 2023 8:00 AM ET Company Participants Giuseppe Di Salvo - Vice President, Treasurer and Investor Relations Robert Patterson - Chairman, President and Chief Executive Officer Jamie Beggs - Senior...
Avient (AVNT) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Avient (AVNT) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Avient Announces Third Quarter 2023 Results
GAAP EPS of $0.06 includes special items primarily related to environmental costs and amortization expense. Adjusted EPS of $0.57 exceeds guidance of $0.56 as a result of favorable margins and reduced interest expense offsetting lower than projected sales.
Source: https://incomestatements.info
Category: Stock Reports