Avient (AVNT)

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Avient (AVNT) - 2020 Q4 - Earnings Call Transcript
2021-02-09 18:49
Avient Corporation (NYSE:AVNT) Q4 2020 Results Earnings Conference Call February 9, 2021 9:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer and IR Bob Patterson - Chairman, President and CEO Jamie Beggs - Senior Vice President and CFO Conference Call Participants Mike Sison - Wells Fargo Bob Koort - Goldman Sachs Frank Mitsch - Fermium Research Angel Castillo - Morgan Stanley P.J. Juvekar - Citi Mike Harrison - Seaport Global Research Securities Ben Kallo - Baird Colin Rusch - Oppenhei ...
Avient (AVNT) - 2020 Q3 - Earnings Call Transcript
2020-11-04 06:35
Avient Corp (NYSE:AVNT) Q3 2020 Earnings Conference Call November 3, 2020 8:00 AM ET Company Participants Joe Di Salvo - VP, IR & Treasurer Robert Patterson - Chairman, President & CEO Jamie Beggs - SVP & CFO Brad Richardson - Former Executive VP & CFO Conference Call Participants Robert Koort - Goldman Sachs Group Frank Mitsch - Fermium Research Michael Sison - Wells Fargo Securities Angel Castillo - Morgan Stanley Michael Harrison - Seaport Global Securities Benjamin Kallo - Robert W. Baird & Co. Colin Ru ...
Avient (AVNT) - 2020 Q3 - Quarterly Report
2020-11-03 14:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2020 OR ________________________________________________ ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Co ...
Avient (AVNT) - 2020 Q2 - Earnings Call Transcript
2020-07-22 21:30
Avient Corporation (NYSE:AVNT) Q2 2020 Earnings Conference Call July 22, 2020 8:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer and Investor Relations Bob Patterson - Chairman, President and Chief Executive Officer Brad Richardson - Executive Vice President and Chief Financial Officer Conference Call Participants Mike Harrison - Seaport Global Vincent Andrews - Morgan Stanley Mike Sison - Wells Fargo Frank Mitsch - Fermium Research Lawrence Alexander - Jefferies Colin Rusch - Oppenhei ...
Avient (AVNT) - 2020 Q2 - Quarterly Report
2020-07-22 13:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . | --- | --- | |----------------------------------------- ...
PolyOne Corporation (POL) CEO Bob Patterson on Second Quarter Performance Update (Transcript)
2020-06-16 17:38
PolyOne Corporation (POL) Second Quarter Performance Update Conference Call Summary Company Overview - **Company**: PolyOne Corporation (POL) - **Date of Call**: June 16, 2020 - **Participants**: - Joe Di Salvo - Vice President, Treasurer, and Investor Relations - Bob Patterson - Chairman, President and Chief Executive Officer - Brad Richardson - Executive Vice President, and Chief Financial Officer Core Industry Insights - **Industry Impact**: The COVID-19 pandemic has significantly affected demand across various sectors, particularly in automotive and consumer discretionary items, while healthcare and packaging have shown resilience and growth during this period [7][12][14]. Key Financial Performance Metrics - **Sales Decline**: - April sales were down 15% due to the pandemic, with an expected overall sales decline of 20% for the quarter [11][12]. - Automotive-related sales, while only 10% of total sales, accounted for nearly 40% of the second quarter sales decline [11]. - Specific segment declines: Color down 16.5%, Engineered Materials (EM) down 18%, and Distribution down 23% [23]. - **Adjusted EPS**: Expected to be approximately $0.36 compared to $0.48 in the same quarter last year; adjusted EPS could be $0.26 when accounting for additional shares and interest expenses [14][15]. - **Free Cash Flow**: Anticipated strong free cash flow generation of $65 million for the quarter, with an ending cash balance of $1.95 billion [15]. Operational Adjustments - **Facility Operations**: Most facilities deemed essential remained operational, with strict health protocols in place. Five facilities temporarily ceased operations due to local regulations [7][9]. - **Remote Work**: Associates who can work from home continue to do so, adapting well to remote operations [9]. Market Trends and Demand - **Healthcare and Packaging**: Strong demand in these sectors, with expected growth of 5% and 8% respectively for the quarter [12][49]. - **Regional Performance**: - Europe expected to see a 27% decline in sales, while the Americas down about 20%. - Asia, primarily China, expected to be up about 10% [14]. Clariant Acquisition Update - **Acquisition Status**: The acquisition of Clariant is expected to close on July 1, 2020, with all necessary regulatory approvals received [15][16]. - **Synergy Planning**: Contingency plans are in place to achieve synergies despite travel restrictions, with expectations to hit the ground running post-acquisition [25][26]. Risks and Concerns - **Customer Financial Health**: Some customers are in precarious financial positions due to the pandemic, leading to increased reserves for bad debts [42]. - **Potential for Second Lockdown**: Concerns about a resurgence of COVID-19 cases could impact operations and demand, particularly in China [45][48]. Conclusion - PolyOne Corporation is navigating the challenges posed by the COVID-19 pandemic with a focus on essential markets such as healthcare and packaging. The company is preparing for the upcoming Clariant acquisition while managing operational adjustments and financial performance amidst a volatile market environment [7][15][16].
Avient (AVNT) - 2020 Q1 - Earnings Call Transcript
2020-04-21 16:57
PolyOne Corporation (POL) Q1 2020 Earnings Conference Call April 21, 2020 8:00 AM ET Company Participants Joe Di Salvo – Vice President, Treasurer, and Investor Relations Bob Patterson – Chairman, President and Chief Executive Officer Brad Richardson – Executive Vice President, and Chief Financial Officer Conference Call Participants Ben Kallo – Baird Mike Sison – Wells Fargo Frank Mitsch – Fermium Research Laurence Alexander – Jefferies Colin Rusch – Oppenheimer Dylan Campbell – Goldman Sachs Jim Sheehan – ...