Company: AVNT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001122976-25-000030
Chunk: 2

Company: AVIENT CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 2
---
2025                               2024                   Change                                 % Change  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales:                                                                                                                                         
  Color, Additives and Inks           $                       519.7      $           515.3      $                             4.4           0.9  
  Specialty Engineered Materials      308.4                              314.4                  (6.0)                                     (1.9)  
  Corporate                           (1.5)                              (0.7)                  (0.8)                                    114.3%  
  Total sales                         $                       826.6      $           829.0      $                           (2.4)         (0.3)  
  Operating income:                                                                                                                              
  Color, Additives and Inks           $                        78.6      $            74.8      $                             3.8           5.1  
  Specialty Engineered Materials      47.1                               53.4                   (6.3)                                    (11.8)  
  Corporate                           (125.0)                            (34.2)                 (90.8)                                  (265.5)  
  Total operating income              $                         0.7      $            94.0      $                          (93.3)        (99.3)  

Color, Additives and Inks

Sales increased $4.4 million, or 0.9%, in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. Unfavorable foreign currency impacts were 2.4%, while sales, excluding the impacts foreign exchange, increased 3.3%. The sales increase was primarily within the packaging and building and construction end markets, partially offset by declines in the transportation end market.

Operating income increased $3.8 million, or 5.1%, in the three months ended March 31, 2025, primarily driven by increased sales and improved mix, which more than offset unfavorable foreign currency impacts.

14 AVIENT CORPORATION

Specialty Engineered Materials

Sales decreased $6.0 million, or 1.9%, in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. Unfavorable foreign currency impacts were 1.5%, while sales, excluding the impacts of foreign exchange, decreased 0