Company: AVNT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001122976-25-000088
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Company: AVIENT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
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ITEM 2. MANAGEMENT’ S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Our Business

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. Headquartered in Avon Lake, Ohio, we have manufacturing sites, research and development facilities, design centers and warehouses around the globe. We provide value to our customers through our ability to link our knowledge of polymers and materials science with our manufacturing and supply chain capabilities to provide value-added solutions to designers, assemblers and processors of materials. When used in this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “ Avient” and the “ Company” mean Avient Corporation and its consolidated subsidiaries.

Results of Operations - The three and nine months ended September 30, 2025 compared to the three and nine months ended September 30, 2024:

                                                                                Three Months Ended                  Variances — Favorable (Unfavorable)                  Nine Months Ended                  Variances —              
                                                                                September 30,                                                                                September 30,      Favorable (Unfavorable)              
  (Dollars in millions, except per share data)                                  2025                      2024                                   Change           %                   2025                       Change           %  
                                                                                                                                                             Change                                                          Change  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales                                                                         $                            $                                        $       (1.1)                      $                            $         0.2  
  Cost of sales                                                                 561.6                    553.8                                    (7.8)       (1.4)                                              (16.9)       (1.0)  
  Gross margin                                                                  244.9                    261.4                                   (16.5)       (6.3)                  786.0                       (11.2)       (1.4)  
  Selling and administrative expense                                            177.8                    184.2                                      6.4         3.5                  622.1                       (68.6)      (12.4)  
  Operating income                                                              67.1                      77.2                                   (10