Avient (US:AVNT)2022-02-09 04:42Financial Performance & Growth - Avient reported full year 2021 sales of $4.819 billion, a 27% increase compared to the pro forma full year 2020 sales of $3.783 billion[13] - Adjusted Operating Income for full year 2021 was $429 million, a 27% increase compared to the pro forma full year 2020 Adjusted Operating Income of $308 million[13] - The company achieved record margins in 2021 despite unprecedented supply chain challenges[16] - Avient anticipates $75 million in run-rate synergies from the Clariant Color integration by the end of 2022[55] - Adjusted EBITDA for full year 2021 was $581 million compared to $457 million in 2020[14] Clariant Color Acquisition - The acquisition of Clariant Color was completed on July 1, 2020, for $1.45 billion[19] - $54 million of synergies were realized in 2021 from the Clariant Color acquisition[19] - The synergy target for the Clariant Color integration has been increased to $85 million[23] Sustainability - Revenue from sustainable solutions grew 16% in 2021[28] - Avient expects revenue from sustainable solutions to grow 8-12% in 2022[28] Outlook - Avient projects 15% adjusted EPS growth to $3.50 in 2022[55] - The company forecasts adjusted EBITDA of $635 million for 2022, representing 9% growth above 2021, or 11% excluding the impact of foreign currencies[55]