Company: AVNT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001122976-25-000088
Chunk: 4

Company: AVIENT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 4
---
 months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase was primarily driven by improved mix and cost savings from productivity and restructuring actions.

Specialty Engineered Materials

Sales increased $3.1 million, or 1.1%, in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. Favorable foreign currency impacts were 1.6%, while sales, excluding the impacts of foreign exchange, decreased 0.5%. The sales decrease was primarily within the energy, industrial and consumer end markets, partially offset by sales increases in the defense, telecommunications and healthcare end markets.

Sales increased $18.7 million, or 2.0%, in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. Favorable foreign currency impacts were 0.5%, while sales, excluding the impacts of foreign exchange, increased 1.5%. The sales increase was primarily within the healthcare, defense and telecommunications end markets, partially offset by declines in the consumer, industrial and energy end markets.

Operating income increased $0.9 million for the three months ended September 30, 2025 compared to the three months ended September 30, 2024, primarily driven by higher sales.

Operating income decreased $8.0 million for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The decrease was driven by higher operating costs, primarily associated with planned maintenance in the second quarter of 2025, and investments in the Company's growth vectors.

Corporate

Corporate costs increased $9.3 million for the three months ended September 30, 2025, primarily driven by higher environmental remediation charges of $10.3 million, net of recoveries, and higher restructuring costs of $4.7 million, partially offset by productivity initiatives and lower incentive compensation.

17 AVIENT CORPORATION

Corporate costs increased $78.1 million for the nine months ended September 30, 2025, primarily driven by an impairment charge of $71.6 million associated with the Company's decision to cease development of the cloud-based enterprise resource planning system, S/4HANA, charges of $14.7 million associated with unpaid contractual obligations for hosting fees, and higher restructuring costs of $22.0 million. Partially offsetting these charges was lower environmental remediation charges of $