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Avient (AVNT) - 2019 Q4 - Earnings Call Transcript
2020-01-28 16:56
PolyOne Corporation (POL) Q4 2019 Earnings Conference Call January 28, 2020 8:00 AM ET Company Participants Joe Di Salvo - VP, Treasurer & IR Bob Patterson - Chairman, President & CEO Brad Richardson - EVP & CFO Conference Call Participants Frank Mitsch - Fermium Research Mike Sison - Wells Fargo Mike Harrison - Seaport Global Securities Jim Sheehan - SunTrust Robinson Humphrey Colin Rusch - Oppenheimer Ben Kallo - Baird Don Campbell - Goldman Sachs Dan Rizzo - Jefferies Rosemarie Morbelli - G. Research Ope ...
PolyOne (POL) Acquires Clariant Color Masterbatch Business for $1.45B - Slideshow
2019-12-19 20:13
Acquisition Highlights - The acquisition of Clariant Masterbatch is expected to add $085 to pro forma adjusted EPS[13] - The net purchase price for Clariant Color & Additive Masterbatch Business is $145 billion[61] - Equity issuance of $400 million to $500 million is planned to finance the acquisition[61] Financial Projections & Synergies - 2019E Adjusted EBITDA for PolyOne is projected at $310 million with a 108% margin[56] - 2019E Adjusted EBITDA for Clariant Color & Additive Masterbatch Business is projected at $130 million with an 113% margin[56] - Synergies of $60 million are expected from the acquisition of Clariant Color & Additive Masterbatch Business[24, 56, 61, 65] - The combined company is projected to have $4010 billion in total sales and $500 million in adjusted EBITDA with a 125% margin in 2019E[56] - 2019E Free Cash Flow is projected at $250 million for the new PolyOne[56] Strategic Transformation - The company is undergoing a landmark portfolio transformation with > 85% of Adjusted EBITDA from specialty solutions[13, 76] - The company expects $600 million of after-tax proceeds from the divestiture of Performance Products & Solutions to fund ongoing specialty transformation[23] Capital Structure & Leverage - Target net leverage at close is expected to be below 35x, or 31x synergized, with the intention to de-lever below 30x within 2 years[61, 73] - New equity of $450 million is planned as part of the financing structure[68, 70]
Avient (AVNT) - 2019 Q3 - Earnings Call Transcript
2019-10-22 18:34
PolyOne Corporation (POL) Q3 2019 Earnings Conference Call October 22, 2019 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, Chief Financial Officer Conference Call Participants Mike Harrison – Seaport Global Mike Sison – Wells Fargo Colin Rusch – Oppenheimer Ben Kallo – Baird Jim Sheehan – SunTrust Dmitry Silversteyn – Buckingham Research Don Campbell – ...
Avient (AVNT) - 2019 Q3 - Quarterly Report
2019-10-22 13:11
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, 2019 ________________________________________________ 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) - 2019 Q2 - Earnings Call Transcript
2019-07-26 05:32
PolyOne Corporation (POL) Q2 2019 Earnings Conference Call July 25, 2019 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 Mike Sison - KeyBanc Aziza Gazieva - Fermium Research Colin Rusch - Oppenheimer Ben Kallo - Baird Dmitry Silversteyn - Buckingham Research Jim Sheeh ...
Avient (AVNT) - 2019 Q2 - Quarterly Report
2019-07-25 12:58
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, 2019 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commiss ...
Avient (AVNT) - 2019 Q1 - Earnings Call Transcript
2019-04-17 20:53
PolyOne Corporation (POL) Q1 2019 Earnings Conference Call April 17, 2019 8:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer, Investor Relations Bob Patterson - Chairman, President and Chief Executive Officer Brad Richardson - Executive Vice President and Chief Financial Officer Conference Call Participants Mike Sison - KeyBanc Frank Mitsch - Fermium Research Mike Harrison - Seaport Global Securities Ben Kallo - Baird Kristen Owen - Oppenheimer Bob Koort - Goldman Sachs Dmitry Silverst ...
Avient (AVNT) - 2019 Q1 - Quarterly Report
2019-04-17 13:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ ________________________________________________ ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2019 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file numb ...
Avient (AVNT) - 2018 Q4 - Annual Report
2019-02-19 17:01
United States Securities and Exchange Commission Washington, DC 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-16091 PolyOne Corporation (Exact name of registrant as specified in its charter) Ohio 34-1730488 (State or other jurisdiction of incorporation or org ...