AVIENT CORP AVNT
We are an innovator of materials solutions to help our customers succeed, while enabling a sustainable world. Our products include specialty engineered materials, performance fibers, advanced composites and color and additive solutions. We are also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and silicone colorants. When used in this Annual Report on Form 10-K, the terms "we," "us," "our," "Avient" and the "Company" mean Avient Corporation and its consolidated subsidiaries.
Avient was formed as PolyOne Corporation on August 31, 2000, from the consolidation of The Geon Company (Geon) and M.A. Hanna Company (Hanna). Through a series of acquisitions, divestitures, operational improvements and cultural shifts, the Company has transformed to become an innovator of materials solutions. Effective June 30, 2020, the Company amended its existing Articles of Incorporation to change its name to Avient Corporation and changed its ticker symbol from "POL" to "AVNT", effective at the start of trading on July 13, 2020.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.26B | $3.24B | $3.14B | $3.40B | $3.32B | $2.21B | $2.86B | $2.88B | $2.59B | $2.35B |
| Cost of revenue | $2.24B | $2.18B | $2.25B | $2.51B | $2.37B | $1.55B | $2.21B | $2.26B | $1.99B | $1.79B |
| Gross profit | $1.02B | $1.06B | $892.5M | $882.7M | $943.8M | $660.0M | $657.2M | $624.8M | $596.4M | $556.2M |
| R&D | $96.7M | $98.7M | $90.3M | $84.9M | $83.2M | $59.8M | $50.6M | $49.6M | $45.3M | $44.3M |
| SG&A | $812.1M | $727.4M | $695.7M | $639.4M | $664.1M | $548.4M | $500.4M | $446.2M | $423.3M | $385.8M |
| Operating income | $203.5M | $329.3M | $196.8M | $243.3M | $279.7M | $111.6M | $156.8M | $178.6M | $173.1M | $170.4M |
| Interest expense | — | — | $115.3M | $119.8M | $75.2M | $74.5M | $59.5M | $62.8M | $60.8M | $59.7M |
| Pre-tax income | $111.7M | $224.8M | $87.3M | $63.8M | $203.5M | $61.1M | $109.4M | $101.8M | $111.9M | $129.6M |
| Income tax | $28.1M | $54.1M | $11.0M | $19.3M | $51.9M | $11.7M | $33.7M | $14.4M | $800.0K | $28.3M |
| Net income | $81.9M | $169.5M | $75.7M | $703.1M | $230.8M | $131.6M | $588.6M | $159.8M | -$57.7M | $165.2M |
| EPS, basic | 0.90 | 1.86 | 0.83 | 7.71 | 2.53 | 1.46 | 7.62 | 2.01 | -0.71 | 1.97 |
| EPS, diluted | 0.89 | 1.84 | 0.83 | 7.63 | 2.51 | 1.45 | 7.58 | 1.99 | -0.70 | 1.95 |
| Shares, diluted (wtd. avg.) | 91.8M | 92.0M | 91.8M | 92.2M | 92.1M | 90.6M | 77.7M | 80.4M | 82.1M | 84.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $510.5M | $544.5M | $545.8M | $641.1M | $601.2M | $649.5M | $864.7M | $170.9M | $243.6M | $226.7M |
| Receivables | $435.0M | $399.5M | $399.9M | $440.6M | $439.9M | $516.6M | $330.0M | $347.2M | $326.2M | $325.6M |
| Inventory | $367.2M | $346.8M | $347.0M | $372.7M | $305.8M | $327.5M | $260.9M | $284.6M | $264.3M | $266.4M |
| Total current assets | $1.40B | $1.42B | $1.41B | $1.57B | $1.83B | $1.60B | $1.51B | $998.8M | $1.07B | $949.5M |
| Property, plant and equipment | $988.8M | $955.3M | $1.03B | $1.05B | $672.3M | $694.9M | $407.4M | $384.5M | $354.2M | $321.4M |
| Goodwill | $1.76B | $1.66B | $1.72B | $1.67B | $1.28B | $1.31B | $685.7M | $639.1M | $599.3M | $521.5M |
| Other intangibles | $1.49B | $1.45B | $1.59B | $1.60B | $925.2M | $1.01B | $469.3M | $422.4M | $398.6M | $342.7M |
| Total assets | $6.03B | $5.81B | $5.97B | $6.08B | $5.00B | $4.87B | $3.27B | $2.72B | $2.71B | $2.74B |
| Accounts payable | $410.0M | $417.4M | $432.3M | $454.4M | $429.5M | $471.7M | $287.7M | $305.0M | $296.3M | $320.9M |
| Short-term debt | $500.0K | $7.7M | $9.5M | $2.2M | $8.6M | $18.6M | $18.4M | $19.4M | $32.6M | $18.5M |
| Total current liabilities | $846.3M | $756.1M | $773.6M | $869.4M | $940.6M | $801.0M | $702.5M | $557.6M | $570.6M | $509.9M |
| Long-term debt | $1.92B | $2.06B | $2.07B | $2.18B | $1.85B | $1.85B | $1.21B | $1.34B | $1.28B | $1.24B |
| Retained earnings | $1.87B | $1.88B | $1.81B | $1.82B | $1.21B | $1.06B | $1.00B | $472.9M | $387.1M | $491.2M |
| Total equity | $2.37B | $2.31B | $2.34B | $2.35B | $1.79B | $1.71B | $1.05B | $540.6M | $599.4M | $725.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $301.6M | $256.8M | $201.6M | $398.4M | $233.8M | $221.6M | $300.8M | $253.7M | $202.4M | $227.6M |
| Depreciation and amortisation | $185.9M | $179.7M | $188.8M | $163.1M | $144.2M | $111.8M | $87.5M | $88.5M | $97.4M | $100.5M |
| Stock-based compensation | $9.1M | $15.4M | $13.2M | $13.2M | $11.2M | $11.3M | $11.6M | $10.9M | $10.2M | $8.4M |
| Capital expenditure | $106.6M | $121.9M | $119.4M | $105.5M | $100.6M | $63.7M | $81.7M | $76.0M | $79.6M | $84.2M |
| Investing cash flow | -$97.0M | -$120.6M | -$94.2M | -$504.0M | -$150.2M | -$1.43B | $611.9M | -$170.3M | -$119.4M | -$235.4M |
| Financing cash flow | -$257.1M | -$120.9M | -$201.7M | $166.4M | -$114.6M | $982.0M | -$218.3M | -$148.1M | -$72.7M | -$40.3M |
| Dividends paid | $98.8M | $94.0M | $90.2M | $86.8M | $77.7M | $71.3M | $60.3M | $56.1M | $44.1M | $40.2M |
| Buybacks | — | $0 | $0 | $36.4M | $4.2M | $22.4M | $26.9M | $123.0M | $70.7M | $86.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001122976-26-000039.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.35B | $2.59B | $2.88B | $2.86B | $2.21B | $3.32B | $3.40B | $3.14B | $3.24B | $3.26B |
| Gross profit | $556.2M | $596.4M | $624.8M | $657.2M | $660.0M | $943.8M | $882.7M | $892.5M | $1.06B | $1.02B |
| Net income | $165.2M | -$57.7M | $159.8M | $588.6M | $131.6M | $230.8M | $703.1M | $75.7M | $169.5M | $81.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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