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avnt · NYSE Basic Materials
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FY2024 Annual Report · Avant Brands
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2024
ANNUAL REPORT
Innovator of Materials Solutions

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 www.avient.com to learn more. 
ANNUAL REPORT
Innovator of Materials Solutions
2024
In this annual report, 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. Factors that could cause our actual results to differ materially from those implied by forward-looking 
statements are described in detail in Part l of the Form 10-K. 

Purpose 
Innovator of materials solutions to help our customers succeed, while enabling a sustainable world
Strategic Approach
Intersecting high growth markets and  
secular trends with our technologies to create 
product platforms of scale
Foundational Strengths
Strategic Drivers
Unwavering  
customer focus
Global reach with a local touch 
Diverse  
technology  
portfolio
Commercial  
excellence, financial  
rigor & prudence
Culture of  
safety and  
sustainability
Catalyze the core
Build new platforms of scale
Portfolio 
prioritization
Amplify 
Innovation
Digital
for operational  
excellence & growth
Leadership, 
talent and culture
for the Avient of the future
Growing at 
GDP+
Growing  
at 10% plus 
 CAGR
Our Purpose and Strategic Framework

Dear Avient Shareholders,
2024 was a positive year for Avient where our 
primary focus was on organic revenue growth 
and margin expansion. I’m very pleased that we 
delivered both, while at the same time setting a new 
direction and strategy for the Avient of the future. 
As the year progressed, economic outlook showed 
signs of improvement and destocking dynamics 
subsided, which helped increase market demand. 
At the same time, we strategically adjusted and 
deployed our commercial teams to capitalize on 
regional opportunities—winning share and gaining 
new business with customers. In doing so, both of 
our segments, Color, Additives & Inks and Specialty 
Engineered Materials, contributed to our strong 
performance with increases in revenue while 
expanding margins. 
As a result, compared to the prior year, 
consolidated organic revenues, which excludes 
the impact of foreign exchange, increased 4% to 
$3.24B. Total company adjusted EBITDA margin 
expanded to 16.2%, and we generated adjusted 
EPS of $2.66, up 13% from the prior year(1). 
Operationally and culturally, we continue to 
improve and strive for excellence in all that we 
do. Our 2024 injury incident rate was an all-time  
record low and reflective of the safest year in our 
company’s history. Last year, prominent third-party 
ratings and ranking firms recognized our ongoing 
improvements. CDP (Carbon Disclosure Project) 
increased our rating to an A-, Newsweek included 
us among America’s Greenest Companies, and for 
the sixth consecutive year, we were certified as a 
Great Place to Work®.
What makes me particularly proud of all these 
accomplishments is that we achieved them 
during a year of significant change—important 
change—as we developed and began executing 
our new company strategy. On December 4, 2024, 
we presented our strategy at the New York Stock 
Exchange during our Investor Day.
As part of our evolution as a company, we 
articulated a new Purpose: to be an innovator 
of materials solutions to help our customers 
succeed, while enabling a sustainable world. Our 
Strategic Approach is to intersect high growth 
markets and secular trends with our technologies 
to create product platforms of scale. We have 
conducted extensive portfolio prioritization and 
identified growth vectors to both catalyze growth 
in our core and to build businesses in high growth 
markets supported by secular trends. Our strategy 
is enabled by our focus on four Strategic Drivers: 
portfolio prioritization, amplify innovation, digital for 
Letter to Our Shareholders
2024
Annual Report  |  2024      1

operational excellence and growth, and leadership, talent 
and culture for the Avient of the future. All of this is built 
upon Avient’s proven Foundational Strengths, which we 
have worked to establish and refine over the last 25 years.
With our strategy in place, our focus is now on execution, 
and we have already made meaningful progress in 
many areas. We’ve enhanced our leadership team with 
a new Chief Technology Officer, SVP of New Business 
Development & Marketing Excellence, SVP and General 
Counsel, and Chief Information Officer, all with proven track 
records and expertise in their respective fields. We globally 
reorganized personnel in our businesses to improve 
customer experience, as well as in our technology teams to 
amplify innovation. We have also redesigned our employee 
incentive compensation plans to help ensure our focus, 
actions and results are aligned with our new strategy and 
performance expectations.
As we embark on 2025, I do so with optimism and energy 
for our company and the stakeholders we serve. I offer 
my thanks to our many valued customers and for the new 
customers with whom we will collaborate in the future, to our 
Board of Directors for their ongoing support and guidance, 
and to our talented employees around the world for the 
work they do to execute our strategy and help us succeed.
Dr. Ashish K. Khandpur
President and CEO
2024  
Performance & 
Highlights
Sales: $3.24B
 
+3% 
GAAP EPS: $1.84
Adjusted EPS(1): $2.66
 
 +13% 
Adjusted EBITDA(1): $526M
 
 +5% 
Adjusted EBITDA Margin(1): 16.2% 
 
+20bps
Dividend Increase:  
 
14 Consecutive Years
Great Place to Work® Certification 
 
6 Consecutive Years
(1)Reconciliations of these measures to the 
most directly comparable generally accepted 
accounting principles (GAAP) financial 
measures are included in this annual report on a 
supplemental page that follows the Form 10-K.
Annual Report  |  2024      2


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