On this page of StockholderLetter.com we present the latest annual shareholder letter from AVIENT CORP — ticker symbol AVNT. Reading current and past AVNT letters to shareholders can bring important insights into the investment thesis.
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3/27/2025 Letter Continued (Full PDF)
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3/29/2023 AVNT Stockholder Letter
• 3/27/2024 AVNT Stockholder Letter
• More "Specialty Chemicals" Category Stockholder Letters
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AVNT Benford's Law Stock Score = 87
3/27/2025 Letter Continued (Full PDF)
•
3/29/2023 AVNT Stockholder Letter•
3/27/2024 AVNT Stockholder Letter•
More "Specialty Chemicals" Category Stockholder Letters•
AVNT Benford's Law Stock Score = 87AVNT Shareholder/Stockholder Letter Transcript:
2024 ANNUAL REPORT Innovator of Materials Solutions 2024 ANNUAL REPORT Innovator of Materials Solutions Our purpose at Avient Corporation (NYSE: AVNT) is to be an innovator of materials solutions that help our customers succeed, while enabling a sustainable world. Our local touch and customer engagement, combined with our global presence, allows us to serve customers with agility. We harness the collective strength of more than 9,000 employees worldwide to collaborate and build on each other s ideas. In doing so, we innovate solutions that help our customers overcome their challenges or capitalize on opportunities provided by the fast-changing world and secular trends. Our expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema , the world s strongest ber . By intersecting our broad portfolio of technologies with the product roadmaps of our customers, we help create differentiated and high-performance products that make the world better and more sustainable. Visit www.avient.com to learn more. In this annual report, statements that are not reported nancial results or other historical information are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Factors that could cause our actual results to differ materially from those implied by forward-looking statements are described in detail in Part l of the Form 10-K. Our Purpose and Strategic Framework Purpose Innovator of materials solutions to help our customers succeed, while enabling a sustainable world Strategic Approach Catalyze the core Growing at GDP+ Intersecting high growth markets and secular trends with our technologies to create product platforms of scale Build new platforms of scale Growing at 10% plus CAGR Strategic Drivers Portfolio prioritization Amplify Innovation Digital for operational excellence & growth Leadership, talent and culture for the Avient of the future Foundational Strengths Unwavering customer focus Global reach with a local touch Diverse technology portfolio Commercial excellence, nancial rigor & prudence Culture of safety and sustainability 2024 Letter to Our Shareholders Dear Avient Shareholders, 2024 was a positive year for Avient where our primary focus was on organic revenue growth and margin expansion. I m very pleased that we delivered both, while at the same time setting a new direction and strategy for the Avient of the future. As the year progressed, economic outlook showed signs of improvement and destocking dynamics subsided, which helped increase market demand. At the same time, we strategically adjusted and deployed our commercial teams to capitalize on regional opportunities winning share and gaining new business with customers. In doing so, both of our segments, Color, Additives & Inks and Specialty Engineered Materials, contributed to our strong performance with increases in revenue while expanding margins. As a result, compared to the prior year, consolidated organic revenues, which excludes the impact of foreign exchange, increased 4% to $3.24B. Total company adjusted EBITDA margin expanded to 16.2%, and we generated adjusted EPS of $2.66, up 13% from the prior year(1). Operationally and culturally, we continue to improve and strive for excellence in all that we do. Our 2024 injury incident rate was an all-time record low and re ective of the safest year in our company s history. Last year, prominent third-party ratings and ranking rms recognized our ongoing improvements. CDP (Carbon Disclosure Project) increased our rating to an A-, Newsweek included us among America s Greenest Companies, and for the sixth consecutive year, we were certi ed as a Great Place to Work . What makes me particularly proud of all these accomplishments is that we achieved them during a year of signi cant change important change as we developed and began executing our new company strategy. On December 4, 2024, we presented our strategy at the New York Stock Exchange during our Investor Day. As part of our evolution as a company, we articulated a new Purpose: to be an innovator of materials solutions to help our customers succeed, while enabling a sustainable world. Our Strategic Approach is to intersect high growth markets and secular trends with our technologies to create product platforms of scale. We have conducted extensive portfolio prioritization and identi ed growth vectors to both catalyze growth in our core and to build businesses in high growth markets supported by secular trends. Our strategy is enabled by our focus on four Strategic Drivers: portfolio prioritization, amplify innovation, digital for Annual Report | 2024 1 2024 Performance & Highlights Sales: $3.24B operational excellence and growth, and leadership, talent and culture for the Avient of the future. All of this is built upon Avient s proven Foundational Strengths, which we have worked to establish and re ne over the last 25 years. +3% GAAP EPS: $1.84 Adjusted EPS(1): $2.66 +13% With our strategy in place, our focus is now on execution, and we have already made meaningful progress in many areas. We ve enhanced our leadership team with a new Chief Technology Officer, SVP of New Business Development & Marketing Excellence, SVP and General Counsel, and Chief Information Officer, all with proven track records and expertise in their respective elds. We globally reorganized personnel in our businesses to improve customer experience, as well as in our technology teams to amplify innovation. We have also redesigned our employee incentive compensation plans to help ensure our focus, actions and results are aligned with our new strategy and performance expectations. Adjusted EBITDA(1): $526M +5% Adjusted EBITDA Margin(1): 16.2% +20bps Dividend Increase: 14 Consecutive Years Great Place to Work Certi cation 6 Consecutive Years As we embark on 2025, I do so with optimism and energy for our company and the stakeholders we serve. I offer my thanks to our many valued customers and for the new customers with whom we will collaborate in the future, to our Board of Directors for their ongoing support and guidance, and to our talented employees around the world for the work they do to execute our strategy and help us succeed. (1) Reconciliations of these measures to the most directly comparable generally accepted accounting principles (GAAP) nancial measures are included in this annual report on a supplemental page that follows the Form 10-K. Dr. Ashish K. Khandpur President and CEO Annual Report | 2024 2