AVIENT CORP

Listed Company

AVNTCIK 0001122976NYSELarge AcceleratedPlastic Materials, Synth Resins & Nonvulcan ElastomersFY ends Dec 31

Period

FY 2025

Revenue

$3.26B

Net Income

$81.90M

Total Assets

$6.03B

Equity

$2.37B

Shares Out

91.62M

Op. Cash Flow

$301.60M

Business

Avient Corp is an innovator of materials solutions that formulates and manufactures engineered polymer and composite materials to meet customer performance needs. Its products and services include specialty engineered materials, performance fibers, advanced composites, color and additive solutions, performance-enhancing additives, and liquid and silicone colorants, supported by formulation and materials science expertise. The company operates through two reportable segments: Color, Additives and Inks, and Specialty Engineered Materials. Avient distributes globally from manufacturing sites across North America, South America, Asia and EMEA to end markets including consumer, packaging, defense, healthcare, industrial, transportation, building and construction, telecommunications and energy.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	3,260	3,240	3,143	3,397	3,316
Cost of sales	2,245	2,184	2,250	2,514	2,372
Gross margin	1,016	1,057	893	883	944
Selling and administrative expense	812	727	696	639	664
Operating income	204	329	197	243	280
Interest expense, net	−99	−106	−115	−120	—
Other income, net	7	1	6	−60	−1
Income from continuing operations before income taxes	112	225	87	64	204
Income tax expense	−28	−54	−11	19	−52
Net income from continuing operations	84	171	76	83	152
Loss from discontinued operations, net of income taxes	0	0	−100,000	620	79
Net income	84	171	76	703	231
Net income attributable to noncontrolling interests	−2	−1	−500,000	−300,000	200,000
Net income attributable to Avient common shareholders	82	170	76	703	231
Earnings per share attributable to Avient common shareholders - Basic (in USD per share)	0.9	1.86	0.83	7.71	2.53
Earnings per share attributable to Avient common shareholders - Diluted (in USD per share)	0.89	1.84	0.83	7.63	2.51
Basic (in shares)	92	91	91	91	91
Plus dilutive impact of share-based compensation (in shares)	300,000	700,000	700,000	1	700,000
Diluted (in shares)	92	92	92	92	92
Anti-dilutive shares not included in diluted common shares outstanding (in shares)	2	400,000	700,000	300,000	0
Cash dividends declared per share of common stock (in USD per share)	1.09	1.04	1	0.96	0.88

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	511	545	546	641	601
Accounts receivable, net	435	400	400	441	440
Inventories, net	367	347	347	373	306
Other current assets	88	131	115	115	120
Total current assets	1,401	1,422	1,408	1,570	1,827
Property, net	989	955	1,029	1,049	672
Goodwill	1,758	1,660	1,719	1,672	1,285
Intangible assets, net	1,492	1,450	1,591	1,598	925
Operating lease assets, net	86	89	65	60	58
Deferred income tax assets	195	81	92	—	—
Other non-current assets	106	153	64	136	208
Total assets	6,026	5,811	5,969	6,085	4,997
Short-term and current portion of long-term debt	500,000	8	10	2	9
Accounts payable	410	417	432	454	430
Accrued expenses and other current liabilities	436	331	332	396	340
Total current liabilities	846	756	774	869	941
Long-term debt	1,923	2,059	2,071	2,177	1,850
Deferred income taxes	286	260	282	343	101
Other non-current liabilities	585	406	505	236	165
Total non-current liabilities	2,793	2,725	2,857	2,863	2,266
Common Shares, $0.01 par, 400.0 shares authorized, 122.2 shares issued	1	1	1	1	1
Additional paid-in capital	1,542	1,538	1,530	1,521	1,512
Retained earnings	1,865	1,883	1,808	1,824	1,208
Common shares held in treasury, at cost, 30.6 shares in 2025 and 30.8 shares in 2024	−928	−930	−933	−935	−901
Accumulated other comprehensive loss	−107	−178	−87	−76	−46
Avient shareholders equity	2,374	2,314	2,319	2,335	1,775
Noncontrolling interest	12	16	19	18	16
Total equity	2,386	2,330	2,338	2,353	1,791
Total liabilities and equity	6,026	5,811	5,969	6,085	4,997

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	186	180	189	163	144
Cloud-based enterprise resource planning system impairment	72	0	0	—	—
Deferred income tax benefit	−45	−24	−61	500,000	−27
Share-based compensation expense	9	15	13	13	11
(Increase) decrease in accounts receivable	−18	−15	39	33	−143
Decrease (increase) in inventories	600,000	−14	24	14	−141
(Decrease) increase in accounts payable	−28	300,000	−22	11	95
Decrease in pension, retirement benefits and deferred compensation	−11	−34	−9	10	−11
Increase (decrease) in restructuring obligations	25	−25	2	—	—
Taxes paid on gain on sale of business	0	0	−104	−3	0
(Decrease) increase in environmental obligations	−5	−11	39	−6	—
Decrease (increase) in environmental insurance receivable	34	−34	0	—	—
(Decrease) increase in incentive accruals	−24	31	6	—	—
Accrued expenses and other assets and liabilities, net	23	17	9	−24	72
Net cash provided by operating activities	302	257	202	398	234
Capital expenditures	−107	−122	−119	−106	−101
Net proceeds from divestiture	0	0	7	928	0
Proceeds from plant closures	13	3	8	6	0
Other investing activities	−3	−2	10	0	−2
Net cash used by investing activities	−97	−121	−94	−504	−150
Proceeds from long-term borrowings	0	650	0	1,300	0
Payments on long-term borrowings	−150	−661	−106	−957	−19
Cash dividends paid	−99	−94	−90	−87	−78
Payments on withholding tax on share awards	−4	−6	−3	−4	−11
Debt financing costs	−4	−10	−2	−49	0
Net cash used by financing activities	−257	−121	−202	166	−115
Effect of exchange rate changes on cash	19	−17	−1	−21	−17
Decrease in cash and cash equivalents	−34	−1	−95	40	−48

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro