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20-05-2025
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Recycled Elastomers Market Research Report 2025-2030 Featuring Prominent Vendors - BASF, Genan, GRP, Green Rubber Global, Karton, and Eastman Chemicals
The global recycled elastomers market is fragmented and characterized by numerous manufacturers which hold modest market share. Key players, including have established dominance in the global recycled elastomers market by continuously innovating and expanding their product offerings. Moreover, major vendors have strategically implemented innovative technologies to maintain their market positions. For instance, in 2023, Avient Corporation introduced its two new reSound REC Recycled Content Thermoplastic Elastomers. Recycled Elastomers Market Dublin, May 20, 2025 (GLOBE NEWSWIRE) -- The "Recycled Elastomers Market Research Report 2025-2030" report has been added to Recycled Elastomers Market was valued at USD 10.75 Million in 2024, and is projected to reach USD 19.24 Million by 2030, rising at a CAGR of 10.19%. The companies are also focusing on several strategic partnerships with foundries and technology providers to ensure continuous supply chains and manufacturing capabilities. For instance, in 2024, BASF expanded its partnership with Li-Ning which is a Chinese sportswear brand to make 100% recyclable model shoes fabricated completely from Elastollan thermoplastic polyurethane. The elastomers market leaders are making significant R&D investments to enhance their products specifically in areas like the recyclability process and usage of sustainable components among others. In 2024 BASF introduced its wide range of PU solutions which includes recycled substance solutions for the footwear, automotive, and synthetic leather industries. Also, companies in the recycled elastomers market have increasingly expanded their product range and strengthened their market positions through acquisitions and partnerships. RECYCLED ELASTOMERS MARKET TRENDS & DRIVERSThe tire market is experiencing significant expansion with the technological advances in manufacturing premium-quality tires. Elastomers are largely used in entire manufacturing processes, mainly thermoset rubber widely used in automotive tire production. According to the U.S. Environmental Protection Agency (EPA), over 300 million tires are disposed of annually in the U.S. alone, which significantly contributes to the potential growth of the recycled elastomers environmental awareness and sustainability initiatives are significantly influencing the global recycled elastomers market as consumers are prioritizing the adoption of sustainable materials. In Europe, the EU REACH regulations are also protecting human health and the environment from the risks posed by chemicals, promoting the usage of safer chemical options This shift encourages manufacturers to adopt greener alternatives, thus expanding market opportunities for the recyclable elastomers market. Moreover, many end-user industries prefer to recycle their elastomers to circumvent the production process, saving both money and time. For instance, a prominent shoe manufacturer like Nike collaborated with programmers, engineers, and designers to develop the technology behind its Flyknit running shoes. The manufacturing of Flyknit reduces material waste in the shoe production cut and sew process by 60%. Therefore, the rising awareness of recycling products for sustainability presents a significant growth opportunity for recycled elastomers waste management strategies focused on sustainability aimed at reducing, recycling, and reusing materials. For instance, the Indian Ministry of Environment, Forest and Climate Change has issued its EPR under The Environment Protection Act, 1986 and Hazardous and Other Wastes Amendment Rules 2022 provides a basis for safe handling, treatment, processing, recycling, recovery, reuse, and final disposal in an environmentally sound manner. Hence, such factors are increasing waste generation, strict government regulations, and the issue of dumping worldwide, thereby supporting the recycled elastomers market growth. Moreover, According to the European packing supplier Raja Group, 29 countries contribute to waste reduction through recycling, collection, and incineration. Around 70% of global waste is anticipated to be increased by 2050. hence, such factors are increasing waste generation, strict government regulations, and the issue of dumping, which are driving efforts for waste management worldwide thereby supporting the demand for recyclable RESTRAINTSThe disruption in the supply chain led to increased costs for raw materials, logistics, and transportation which have raised operational costs and are often passed on to end consumers which leads to higher elastomer prices. Moreover, recyclable elastomers require the incorporation of advanced chemical formulations, reactive processing agents, or dynamical cross-linking systems which allow the material to be reprocessed without compromising its mechanical integrity. Thus, advanced materials and processes make it more expensive compared to traditional alternatives. RECYCLED ELASTOMERS MARKET GEOGRAPHICAL ANALYSISIn 2024 the APAC region dominated the global recycled elastomers market. The region is witnessing significant industrial growth in developing countries such as China, India, Japan, South Korea, and others. Thus, with the rising manufacturing industries the need for efficient and sustainable latex, lubricant, and additives is expected to grow, thereby driving the demand for recycled elastomers. Moreover, countries like China and India emerging as key players in automotive manufacturing which significantly surges the demand for recyclable elastomers. These materials are used in various automotive parts such as tires, seals, gaskets, and interior trims because of their cost-effectiveness, durability, and environmental North American recycled elastomers market is highly competitive as it consists of several major vendors such as Dow Inc., and Karton Corporation among others which cater to customers worldwide. The automotive industry is among the largest consumers of elastomers in the region which is actively shifting toward greener production practices. Major automakers are implementing the use of recycled materials in-vehicle components to meet sustainability targets and evolving consumer expectations for environmental products. Moreover, the robust automotive industry across the United States further supports the market European recycled elastomers market is growing at the growth rate of 9.62% during the forecast period owing to the presence large number of industries including healthcare, electronics, and automotive. In Europe, the demand for recyclable elastomers is strongly affected by the European Union's (EU) circular economy policies and sustainability initiatives such as the European Green Deal and REACH are encouraging industries to adopt recyclable and non-toxic materials which is likely to expand the growth of recyclable America accounted for a share of over 12% of the global recycled elastomers market in 2024 and is expected to experience lucrative growth during the forecast period. Brazil and Mexico lead the regional market with substantial investments in the construction industry is further accelerating the market growth. Countries like Brazil, Mexico, and Chile are now implementing carbon-neutral policies aimed at reducing landfill waste and encouraging recycling practices, particularly in urban and industrial areas. Thus, such factors are raising the demand for recyclable elastomers with growing awareness of environmental sustainability and waste increasing adoption of sustainable materials and the rapid infrastructure transformation initiatives like Saudi Arabia's Vision 2030 are expected to boost the recycled elastomers market in the Middle East & Africa. The demand for recyclable elastomers is gradually rising with the increasing investment in green construction projects. Countries like the UAE, Saudi Arabia, and South Africa are utilizing sustainable materials in large-scale urban development where recyclable elastomers are used in insulation, waterproofing, and flexible piping systems. VENDOR LANDSCAPE Key Company Profiles BASF SE Eastman Chemical Company Genan Holding Ltd. GRP LTD Kraton Corporation Other Prominent Company Profiles Audia Elastomers Green Source Holdings Dow, Inc. Emanuel Tire LLC ExxonMobil Hexpol TPE J. Allcock & Sons Ltd Kraiburg TPE Liberty Tier Recycling, LLC Kuraray Co., Ltd Mitsubishi Chemical Advanced Materials Monmouth Rubber & Plastics RTP Company Rubberfrom Recycled Products, LLC Green Rubber Global Ltd Texnor Apex Company Tire Disposal & Recycling Versalis S.p.A. Avient Corporation Zeon Corporation Green Dot Bioplastics DPL Group Key Attributes: Report Attribute Details No. of Pages 199 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $10.75 Million Forecasted Market Value (USD) by 2030 $19.24 Million Compound Annual Growth Rate 10.1% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Recycled Elastomers Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
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Avient Board of Directors Appoints Ashish K. Khandpur as Chairman of the Board
CLEVELAND, May 14, 2025 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, today announced that its Board of Directors has appointed Ashish K. Khandpur, Ph.D., Avient's President, Chief Executive Officer and Director, to serve in the additional role of Chairman of the Board, effective May 14, 2025. Dr. Khandpur succeeds Richard H. Fearon, who had served as Chairman of the Board of Directors since December 2023 and will continue to serve on the Board. "Since joining Avient, Ashish has made an immediate impact, effectively leading the company in developing and executing a new strategy to amplify innovation and deliver organic growth – the results of which we are already experiencing," said Mr. Fearon. "Ashish's appointment reinforces the Board's confidence in his leadership to generate long-term value creation for Avient stakeholders." Dr. Khandpur said, "I'm thankful for the Board's confidence and for Rick's recent leadership as Chairman as I began with the company. I look forward to continuing to work with our talented Board and our engaged leadership team to drive our new strategy and deliver ongoing organic growth on the topline with margin expansion on the bottom line." About Dr. Ashish K. Khandpur Dr. Khandpur serves as Chairman, President and CEO of Avient Corporation. He began his career in 1995 at 3M as a senior research engineer, thereafter ascending through a career path comprised of a variety of research and engineering roles while based in the U.S. and India. In 2014, he was appointed Chief Technology Officer, leading 3M's global team of over 8,000 scientists and engineers, while overseeing annual R&D investments of nearly $1.9 billion. In 2017, he was appointed to lead 3M's $5B Electronics & Energy Business Group, a position he held until 2019 when he was promoted Group President of the Transportation and Electronics Business Group. He holds a Bachelor's of Technology degree in Chemical Engineering from the Indian Institute of Technology, Delhi, and a Ph.D in Chemical Engineering from the University of Minnesota. He serves as a member of the Board of Directors of Constellation Energy Corporation and on the Dean's Advisory Board for the College of Science and Engineering at the University of Minnesota. About Avient 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 fiber™. 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 to learn more. View original content to download multimedia: SOURCE Avient Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
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Avient Announces First Quarter 2025 Results
"Looking ahead to the second quarter, we expect continued volatility in demand as consumers and businesses assess the changing economic landscape," said Jamie Beggs, Senior Vice President and Chief Financial Officer, Avient Corporation. "While we anticipate weakness in consumer and transportation end markets, we see opportunities for growth in our largest end market, packaging, as well as strength in our high profit portfolios in defense and healthcare. As such, we expect second quarter adjusted EPS of $0.79, which represents 4% growth over the prior year quarter." "From a regional perspective, Asia and Latin America delivered strong results, growing organic sales 9% and 17%, respectively," Dr. Khandpur continued. "EMEA delivered a fourth consecutive quarter of growth, increasing organic sales by 2%. Weaker consumer sentiment led to a 3% decline in the U.S. and Canada." "The evolving trade policy has led to uncertainty impacting demand in certain markets and geographies, particularly in the U.S. Despite this, our teams delivered organic sales growth for the fourth consecutive quarter and expanded adjusted EBITDA margins 20 basis points to 17.5%. These results were achieved by remaining focused on our customers and staying agile to the changing market conditions. We further streamlined our structure to better serve our customers and markets, controlled our direct and indirect costs, while still prioritizing investments in our growth vectors aligned to our strategy," added Dr. Khandpur. "I'm pleased with our team's execution this quarter to deliver these results in a volatile and changing macro-economic backdrop," said Dr. Ashish Khandpur, President and Chief Executive Officer, Avient Corporation. First quarter 2025 adjusted EPS was $0.76 compared to $0.76 in the prior year quarter. This translates to 4% adjusted EPS growth, excluding the unfavorable impact of foreign exchange. First quarter GAAP earnings per share (EPS) were ($0.22) compared to $0.54 in the prior year quarter. The company noted that first quarter 2025 GAAP EPS includes special items of $0.82 primarily related to an impairment associated with ceasing the development of S/4HANA, a cloud-based ERP system (see attachment 3), and $0.16 of intangible amortization expense (see attachment 1). CLEVELAND, May 6, 2025 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, today announced its first quarter results for 2025. The company reported first quarter sales of $826.6 million compared to $829.0 million in the prior year quarter. First quarter adjusted EPS of $0.76, in-line with guidance; growth of 4% over the prior year quarter, excluding an unfavorable impact of $0.03 from foreign exchange Story Continues "The full year outlook is less certain and highly dependent on global economic growth, which is currently hard to predict. However, our current operational performance is in-line with expectations, and we are keeping our full year guidance range unchanged for adjusted EBITDA of $540 to $570 million and adjusted EPS of $2.70 to $2.94. Furthermore, given our strong cash position and expectation for free cash flow this year, we intend to pay down between $100 to $200 million of debt by year-end," said Ms. Beggs. Dr. Khandpur added, "While the level of macro-economic uncertainty has increased, we are well positioned to help our customers across the globe navigate this new environment. For the most part, we source raw materials and manufacture our products locally in the regions we serve, so we expect minimal direct impact from tariffs announced to date. We are focused on executing what we can influence, which includes staying close to our customers, winning share and new business, proactively working to offset raw material or tariff-related inflation, controlling our costs and strengthening our balance sheet. We see opportunity to differentiate our performance by executing our strategy and remain committed to organically grow above our markets while expanding margins on the bottom line." Webcast Details Avient will provide additional details on its 2025 first quarter and its 2025 full year outlook during its webcast scheduled for 8:00 a.m. Eastern Time on May 6, 2025. The webcast can be viewed live at or by clicking on the webcast link here. Conference call participants in the question and answer session should pre-register using the link at or here, to receive the dial-in number and personal PIN. This information is required to access the conference call. The question-and-answer session will follow the company's presentation and prepared remarks. A recording of the webcast and the slide presentation will be available at immediately following the conference call and will be accessible for one year. Non-GAAP Financial Measures The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include organic performance (which excludes the impact of foreign exchange), adjusted EPS, adjusted operating income, adjusted EBITDA, adjusted EBITDA margins, free cash flow and adjusted free cash flow. Avient's chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources. The Company does not provide reconciliations of forward-looking non-GAAP financial measures, such as adjusted EPS and adjusted EBITDA, to the most comparable GAAP financial measures on a forward-looking basis because the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items, and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs and associated recoveries, mark-to-market adjustments on pension and other post-retirement obligations, acquisition-related charges, and other non-routine costs. Each of such adjustments has not yet occurred, are out of the Company's control and/or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. To access Avient's news library online, please visit About Avient 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 fiber™. 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 to learn more. Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; disruptions or inefficiencies in our supply chain, logistics, or operations; changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; fluctuations in raw material prices, quality and supply, and in energy prices and supply; demand for our products and services; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts, tariffs and any recessionary conditions. The above list of factors is not exhaustive. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. Attachment 1 Avient Corporation Reconciliation of Adjusted Net Income and Earnings Per Share (Unaudited) (In millions, except per share data) Senior management uses comparisons of adjusted net income attributable to Avient common shareholders and diluted adjusted earnings per share (EPS) attributable to Avient common shareholders, excluding special items, to assess performance and facilitate comparability of results. Further, as a result of Avient's strategic shift to an innovator of materials solutions, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization. Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share. Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. See Attachment 3 for a definition and summary of special items. Three Months Ended March 31, 2025 2024 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net (loss) income attributable to Avient common shareholders $ (20.2) $ (0.22) $ 49.4 $ 0.54 Special items, after-tax (Attachment 3) 75.7 0.82 5.5 0.06 Amortization expense, after-tax 14.5 0.16 14.9 0.16 Adjusted net income / EPS $ 70.0 $ 0.76 $ 69.8 $ 0.76 (1) Per share amounts may not recalculate from figures presented herein due to rounding Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended March 31, 2025 2024 Sales $ 826.6 $ 829.0 Cost of sales 563.4 550.8 Gross margin 263.2 278.2 Selling and administrative expense 262.5 184.2 Operating income 0.7 94.0 Interest expense, net (26.9) (26.6) Other expense, net (0.4) (0.9) (Loss) income before income taxes (26.6) 66.5 Income tax benefit (expense) 6.7 (16.8) Net (loss) income $ (19.9) $ 49.7 Net income attributable to noncontrolling interests (0.3) (0.3) Net (loss) income attributable to Avient common shareholders $ (20.2) $ 49.4 (Loss) earnings per share attributable to Avient common shareholders - Basic: $ (0.22) $ 0.54 (Loss) earnings per share attributable to Avient common shareholders - Diluted: $ (0.22) $ 0.54 Cash dividends declared per share of common stock $ 0.2700 $ 0.2575 Weighted-average shares used to compute (loss) earnings per common share: Basic 91.5 91.2 Diluted 91.5 92.0 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended March 31, 2025 2024 Cost of sales: Restructuring costs, including accelerated depreciation $ (4.1) $ 3.6 Environmental remediation costs (4.9) (4.0) Reimbursement of previously incurred environmental costs 1.3 — Impact on cost of sales (7.7) (0.4) Selling and administrative expense: Restructuring and employee separation costs (5.1) (0.7) Legal and other (0.4) (3.5) Cloud-based enterprise resource planning system impairment (86.3) — Acquisition related costs — (1.6) Impact on selling and administrative expense (91.8) (5.8) Impact on operating income (99.5) (6.2) Interest expense, net - financing costs (1.7) — Impact on (loss) income before income taxes (101.2) (6.2) Income tax benefit on special items 25.5 1.4 Tax adjustments(2) — (0.7) Impact of special items on net (loss) income $ (75.7) $ (5.5) Diluted (loss) earnings per common share impact $ (0.82) $ (0.06) Weighted average shares used to compute adjusted earnings per share: Diluted 91.8 92.0 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax impact from non-recurring income tax items and certain adjustments to uncertain tax position reserves and valuation allowances. Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (In millions) (Unaudited) March 31, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 456.0 $ 544.5 Accounts receivable, net 489.6 399.5 Inventories, net 372.8 346.8 Other current assets 111.9 131.3 Total current assets 1,430.3 1,422.1 Property, net 951.8 955.3 Goodwill 1,684.0 1,659.7 Intangible assets, net 1,464.5 1,450.4 Other non-current assets 280.6 323.6 Total assets $ 5,811.2 $ 5,811.1 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 7.8 $ 7.7 Accounts payable 422.2 417.4 Accrued expenses and other current liabilities 268.2 331.0 Total current liabilities 698.2 756.1 Non-current liabilities: Long-term debt 2,061.3 2,059.3 Deferred income taxes 268.0 260.4 Other non-current liabilities 469.3 405.7 Total non-current liabilities 2,798.6 2,725.4 SHAREHOLDERS' EQUITY Avient shareholders' equity 2,298.3 2,313.8 Noncontrolling interest 16.1 15.8 Total equity 2,314.4 2,329.6 Total liabilities and equity $ 5,811.2 $ 5,811.1 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended March 31, 2025 2024 Operating activities Net (loss) income $ (19.9) $ 49.7 Adjustments to reconcile net (loss) income to net cash used by operating activities: Depreciation and amortization 45.3 44.3 Cloud-based enterprise resource planning system impairment 71.6 — Share-based compensation expense 2.4 3.3 Changes in assets and liabilities: Increase in accounts receivable (83.7) (81.9) Increase in inventories (20.3) (12.3) (Decrease) increase in accounts payable (1.0) 1.7 Environmental insurance recovery 34.0 — Decrease in incentive accruals (53.1) (16.8) Accrued expenses and other assets and liabilities, net (26.4) (30.8) Net cash used by operating activities (51.1) (42.8) Investing activities Capital expenditures (12.5) (24.4) Proceeds from plant closures — 2.0 Other investing activities — (2.1) Net cash used by investing activities (12.5) (24.5) Financing activities Payments on long-term borrowings — (2.7) Cash dividends paid (24.7) (23.5) Other financing activities (3.6) (1.9) Net cash used by financing activities (28.3) (28.1) Effect of exchange rate changes on cash 3.4 (6.1) Decrease in cash and cash equivalents (88.5) (101.5) Cash and cash equivalents at beginning of year 544.5 545.8 Cash and cash equivalents at end of period $ 456.0 $ 444.3 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker. These costs are included in Corporate. Three Months Ended March 31, 2025 2024 Sales: Color, Additives and Inks $ 519.7 $ 515.3 Specialty Engineered Materials 308.4 314.4 Corporate (1.5) (0.7) Sales $ 826.6 $ 829.0 Gross margin: Color, Additives and Inks $ 173.1 $ 171.2 Specialty Engineered Materials 97.8 107.0 Corporate (7.7) — Gross margin $ 263.2 $ 278.2 Selling and administrative expense: Color, Additives and Inks $ 94.5 $ 96.4 Specialty Engineered Materials 50.7 53.6 Corporate 117.3 34.2 Selling and administrative expense $ 262.5 $ 184.2 Operating income: Color, Additives and Inks $ 78.6 $ 74.8 Specialty Engineered Materials 47.1 53.4 Corporate (125.0) (34.2) Operating income $ 0.7 $ 94.0 Depreciation & amortization: Color, Additives and Inks $ 21.7 $ 21.9 Specialty Engineered Materials 21.5 19.6 Corporate 2.1 2.8 Depreciation & amortization $ 45.3 $ 44.3 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 100.3 $ 96.7 Specialty Engineered Materials 68.6 73.0 Corporate (122.9) (31.4) Other expense, net (0.4) (0.9) EBITDA $ 45.6 $ 137.4 Special items, before tax 101.2 6.2 Interest expense included in special items (1.7) — Depreciation & amortization included in special items (0.4) (0.5) Adjusted EBITDA $ 144.7 $ 143.1 Attachment 7 Avient Corporation Reconciliation of Non-GAAP Financial Measures (Unaudited) (In millions, except per share data) Senior management uses operating income before special items to assess performance and allocate resources because senior management believes that this measure is most useful in understanding current profitability levels and how it may serve as a basis for future performance. In addition, operating income before the effect of special items is a component of Avient's annual incentive plans and is used in debt covenant computations. Senior management believes this measure is useful to investors because it allows for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. Non- GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. See Attachment 3 for a definition and summary of special items. Three Months Ended March 31, Reconciliation to Consolidated Statements of Income 2025 2024 Sales $ 826.6 $ 829.0 Gross margin - GAAP 263.2 278.2 Special items in gross margin (Attachment 3) 7.7 0.4 Adjusted gross margin $ 270.9 $ 278.6 Adjusted gross margin as a percent of sales 32.8 % 33.6 % Operating income - GAAP 0.7 94.0 Special items in operating income (Attachment 3) 99.5 6.2 Adjusted operating income $ 100.2 $ 100.2 Adjusted operating income as a percent of sales 12.1 % 12.1 % Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA: 2025 2024 Net (loss) income – GAAP $ (19.9) $ 49.7 Income tax (benefit) expense (6.7) 16.8 Interest expense, net 26.9 26.6 Depreciation & amortization 45.3 44.3 EBITDA $ 45.6 $ 137.4 Special items, before tax 101.2 6.2 Interest expense included in special items (1.7) — Depreciation & amortization included in special items (0.4) (0.5) Adjusted EBITDA $ 144.7 $ 143.1 Adjusted EBITDA as a percent of sales 17.5 % 17.3 % Year Ended December 31, 2024 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) Net income attributable to Avient common shareholders $ 169.5 $ 1.84 Special items, after-tax 15.9 0.17 Amortization expense, after-tax 59.5 0.65 Adjusted net income / EPS $ 244.9 $ 2.66 (1) Per share amounts may not recalculate from figures presented herein due to rounding Three Months Ended June 30, 2024 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) Net income attributable to Avient common shareholders $ 33.6 $ 0.36 Special items, after-tax 21.8 0.24 Amortization expense, after-tax 14.8 0.16 Adjusted net income / EPS $ 70.2 $ 0.76 (1) Per share amounts may not recalculate from figures presented herein due to rounding Cision View original content to download multimedia: SOURCE Avient Corporation
Yahoo
11-04-2025
- Business
- Yahoo
Is Avient Corporation (AVNT) the Best Russell 2000 Stock to Buy According to Wall Street Analysts?
We recently published a list of . In this article, we are going to take a look at where Avient Corporation (NYSE:AVNT) stands against other best Russell 2000 stocks to buy according to Wall Street analysts. Since President Trump announced new tariffs, the U.S. stock market has been steadily declining. The Wall Street Journal has estimated the loss to be around $6.6 trillion. Many large economies like China and the EU have started retaliating against these new rates, sparking a global trade war and making investors scramble to make sense of the chaos. READ ALSO: Is this a buying opportunity or a trap? This is the question investors, market experts, and analysts are currently asking themselves. While social media is buzzing with calls to buy the dip, experts call the attempts to time the market a fool's errand. Predicting market moves is impossible without sheer luck, and when investors make their decisions by relying on such luck, they also inherit the huge risk accompanying it. Waiting on the sidelines can be painful, too, since some experts strongly believe that the best returns follow the most significant dips. To use the opportunity, however, investors need disciplined strategies backed by valuable information regarding the market and the stocks. Combining the strategy with credible information, we have compiled a list of the 11 best Russell small-cap stocks that income-seeking investors may be interested in buying. Though mega-cap stocks dominate the headlines, small-cap companies in the Russell index also quietly steal the spotlight. These companies, often called America's economic backbone, are domestically focused, which prevents them from taking on the full impact of tariff crossfires. Also, thanks to their agility and growth potential, small caps have a history of outperforming large caps during early-cycle recoveries. The consecutive rate cuts by the Fed to counter recession risks this year could also favor these stocks since low borrowing cost leads to progress in the companies' expansion plans. Understanding their potential, Wall Street analysts are combing through the Russell small-cap companies to find valuable stocks that incorporate resilience and growth. Amidst the growing uncertainties surrounding the mid-caps and even large-caps, small-caps in the Russell index, backed by the analysts' ratings, might prove to be a safer harbor for investors. We have put together our list by following a few criteria. Primarily, all the stocks we have considered for our list are small caps and part of the Russell 2000. We have filtered out those stocks that do not have a strong Buy rating from the analysts. The criteria ensured that all the picks in our list have future growth potential, benefiting income-seeking investors. The average volume has been set at 100,000 to gather stocks with strong liquidity. Additionally, we have included only those stocks with positive earnings per share (EPS) over the past five years, which provides a historical overview of the companies' growth. All the data in the article was taken from financial databases and analyst reports, with all information updated as of April 7, 2025. To rank the stocks, we used the hedge funds in the Insider Monkey database as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A research engineer conducting a test of the strength of a new thermoplastic composite. Headquartered in Ohio, a specialty materials company, Avient Corporation (NYSE:AVNT) provides polymer solutions, colorants, and additives to a wide range of sectors, including healthcare, automotive, and packaging. The company was initially founded through the rebranding of PolyOne and the acquisition of Clariant's masterbatch business. Avient Corporation's (NYSE:AVNT) innovations are primarily focused on sustainability, resulting in products such as bio-based resins that are well-received among customers in the shift toward circular materials. Though comparatively lower than any of the other entrants on our list, the company's EPS growth of 1.81% for the past five years remains positive and suggests a continued position in the market for specialty materials and sustainable polymer solutions. Even in challenging markets like Europe, the Middle East, and Africa, Avient Corporation (NYSE:AVNT) has achieved organic revenue growth in 2024. In Q4 2024, the company also announced a 5% increase in dividends, marking the 14th year of consecutive growth. The breakthrough innovation in its Dyneema portfolio provides the company with significant advancements in ballistic protection, which could be translated to achieve the 2025 guidance: adjusted EBITDA of $540 to $570 million. The non-cash impairment charge, owing to the unimplemented S/4 Hana ERP system, amounted to $71 million, which brought down the value of the stock but caused the upside potential to rise to 75.88%. Additionally, with 28 hedge funds reflecting moderate confidence in this Russell 2000 stock, it has gained a Buy rating from analysts. Overall, AVNT ranks 5th on our list of best Russell 2000 stocks to buy according to Wall Street analysts. While we acknowledge the potential of AVNT, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AVNT but trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
16-02-2025
- Business
- Yahoo
Earnings Beat: Avient Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
It's been a good week for Avient Corporation (NYSE:AVNT) shareholders, because the company has just released its latest annual results, and the shares gained 2.1% to US$42.99. It looks like a credible result overall - although revenues of US$3.2b were in line with what the analysts predicted, Avient surprised by delivering a statutory profit of US$1.84 per share, a notable 14% above expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Avient after the latest results. See our latest analysis for Avient Taking into account the latest results, Avient's six analysts currently expect revenues in 2025 to be US$3.29b, approximately in line with the last 12 months. Statutory earnings per share are forecast to reduce 6.2% to US$1.74 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.35b and earnings per share (EPS) of US$2.06 in 2025. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a substantial drop in earnings per share numbers. Despite the cuts to forecast earnings, there was no real change to the US$56.00 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Avient analyst has a price target of US$70.00 per share, while the most pessimistic values it at US$50.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Avient's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 1.5% growth on an annualised basis. This is compared to a historical growth rate of 2.4% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.4% per year. Factoring in the forecast slowdown in growth, it seems obvious that Avient is also expected to grow slower than other industry participants. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Avient. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Avient analysts - going out to 2027, and you can see them free on our platform here. Before you take the next step you should know about the 1 warning sign for Avient that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
