AVIENT CORP (AVNT)

Avient Corp. engages in the business of thermoplastic compounds. It specializes in polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. The firm is also involved in the development and manufacturing of performance enhancing additives, liquid colorants, fluoropolymers, and silicone colorants. It operates through the Color, Additives and Inks and Specialty Engineered Materials segments. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, specialty inks, plasticols, and vinyl slush molding solutions. The Specialty Engineered Materials segment makes polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. The firm's products include polymer distribution, screen printing inks, and thermoplastic elastomers. Its services include IQ design and color services. The company was founded on August 31, 2000 and is headquartered in Avon Lake, OH.

Address

33587 WALKER ROAD
AVON LAKE, OH 44012

Founded

2000

Number of Employees

9,300

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$233,135 $156,082 $86,182 $70,689 $123,019 $26,910 $22,363 $4,243 $36,427 - - $84,339
Average Price $37.01 $34.66 $28.60 $35.33 $36.41 $26.91 $17.89 $42.43 $45.53 - - $33.97
# Shares Purchased 6,300,000 4,502,627 3,013,462 2,000,664 3,378,402 1,000,000 1,250,000 100,000 800,000 - - 2,482,795
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 27.0% 35.6% 64.3% 33.0% 29.1% 74.7% 162.7% 10.8% 3.2% - - 38.4%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% - - 110.5%
Excess Total Return -154.8% -137.4% -104.2% -96.7% -75.8% -18.5% 87.9% -20.9% -34.0% - - -72.2%
Quartile Rank
Percentile Rank 40% 44% 51% 49% 50% 69% 86% 55% 50% - - 66%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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