See more : EyeCity.com, Inc. (ICTY) 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 Debt Paydown and Term Loan Refinancing
CLEVELAND , Aug. 17, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable solutions, today announced that it has successfully completed the repricing and extension of its senior secured term loan facility. The amendment to...
X-energy Announces Appointment of Gregory J. Goff to Board of Directors
ROCKVILLE, Md.--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Gregory J. Goff to the Company's Board of Directors...
Avient Corporation (AVNT) Q2 2023 Earnings Call Transcript
Avient Corporation (NYSE:AVNT ) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Giuseppe “Joe” Di Salvo - Vice President, Treasurer & Investor Relations Bob Patterson - Chairman, President & Chief Executive Officer Jamie Beggs -...
Here's What Key Metrics Tell Us About Avient (AVNT) Q2 Earnings
Although the revenue and EPS for Avient (AVNT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Avient (AVNT) Q2 Earnings Beat Estimates
Avient (AVNT) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.98 per share a year ago.
Avient Announces Second Quarter 2023 Results
GAAP EPS of $0.24 includes special items and amortization expense Adjusted EPS of $0.63 exceeded guidance of $0.60, driven by better-than-projected margins in both segments Full year adjusted EPS guidance of $2.40 maintained reflecting continued weak demand conditions, offset by...
4 Stocks to Watch on Dividend Hikes as Inflation Fears Linger
The J. M. Smucker Company (SJM), Avient Corporation (AVNT), AptarGroup, Inc. (ATR) and Conagra Brands, Inc. (CAG) recently hiked dividends.
Avient Announces Quarterly Dividend
CLEVELAND , July 13, 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-four and three-quarters cents ($0.2475) per share on...
Is Avient (AVNT) Stock Undervalued 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...
Avient To Hold Second Quarter 2023 Conference Call
CLEVELAND , June 20, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its second quarter 2023 earnings before the market opens on Thursday, July 27, 2023. The company will...
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