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EX - 99.1 2 avnt - 20210630xnewsrelease.htm EX - 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE ● ● XAVIENT Avient Announces Record Second Quarter 2021 Results , Increases Full Year Guidance GAAP EPS from continuing operations increased to $ 0.74 from $ 0.25 in the prior year quarter Sales increased 42 % to $ 1.235 billion and adjusted EPS increased 107 % to $ 0.87 driven by very strong demand conditions in nearly all end markets Full year adjusted EPS guidance for 2021 increased from $ 2.80 to $ 3.00 , representing 55 % growth over the prior year adjusted EPS of $ 1.93 Investor Day to be held December 9th in New York City will highlight sustainable solutions portfolio and innovation to drive future growth CLEVELAND - July 30 , 2021 – Avient Corporation ( NYSE : AVNT ) , a leading provider of specialized and sustainable material solutions , today reported its second quarter results for 2021. Second quarter 2021 GAAP EPS from continuing operations was $ 0.74 compared to $ 0.25 in the prior year second quarter . The company noted that GAAP EPS includes special items ( Attachment 3 ) , which impacted EPS in both periods and were primarily associated with environmental and restructuring costs . Unless otherwise noted herein , all comparisons to prior year results are pro_forma * for the Clariant Masterbatch acquisition . " I'm very pleased with our results as second quarter sales and adjusted EPS reached all - time highs driven by our portfolio of sustainable solutions and continued strong demand conditions , ” said Robert M. Patterson , Chairman , President and Chief Executive Officer , Avient Corporation . " In addition , it has been just over a year since we acquired Clariant Masterbatch and we became Avient . Our first year of integration has been a tremendous success . " " But none of this has been easy , ” Mr. Patterson continued . " We are delivering record results against a backdrop of incredibly challenging conditions , including the ongoing COVID - 19 pandemic , significant supply chain disruptions and inflation . I'm more proud that we have been able to overcome these additional costs to increase adjusted EPS , while serving our customers and keeping our employees healthy and safe . " 1