See more : ClickStream Corporation (CLIS) 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 |
Analysts Estimate Avient (AVNT) to Report a Decline in Earnings: What to Look Out for
Avient (AVNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Avient Corporation: Long-Term Prospects Remain Encouraging Despite Risks
Revenues remain stagnant as the company has focused more on improved profitability. The company remains profitable despite recent margin volatility. Interest expenses represent a serious problem as the company urgently needs to pay down some debt.
Why Avient (AVNT) is Poised to Beat Earnings Estimates Again
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.
Avient Announces Thirteenth Consecutive Annual Dividend Increase
CLEVELAND , Oct. 12, 2023 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on...
Avient To Hold Third Quarter 2023 Conference Call
CLEVELAND , Oct. 6, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its third quarter 2023 earnings before the market opens on Thursday, November 2, 2023. The company will...
4 Chemical Stocks Worth a Bet Despite Demand Worries
While the chemical industry is hamstrung by demand headwinds, the industry players are expected to benefit from strategic actions to boost performance. HWKN, KOP, KWR and AVNT are worth a look.
Are Investors Undervaluing Avient (AVNT) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
AVNT vs. AIQUY: Which Stock Is the Better Value Option?
Investors with an interest in Chemical - Diversified stocks have likely encountered both Avient (AVNT) and Air Liquide (AIQUY). But which of these two companies is the best option for those looking for undervalued stocks?
Avient Announces Registration Details for 2023 Sustainability Day
CLEVELAND , Aug. 28, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has announced registration details for a virtual Sustainability Day for investment professionals on Wednesday, September 20, 2023, from 9 a.m....
Avient (AVNT) Declares Debt Paydown & Refinancing of Term Loan
Avient (AVNT) pays off $100 million in existing term loans, bringing the total outstanding balance to $732 million.
Source: https://incomestatements.info
Category: Stock Reports