Avient (AVNT) 8-K/A Results of Operations and Financial Condition

Exhibit 99.1

Attachment 1

PolyOne Corporation and Subsidiaries
Consolidated Statements of Income (Unaudited)
(In millions, except per share data)

	1Q08			4Q07			3Q07			2Q07			1Q07			2007Y
Sales	$	713.7		$	631.3		$	664.8		$	688.8		$	657.8		$	2,642.7
Cost of sales		628.8			566.9			634.8			606.3			573.7			2,381.7
Gross margin		84.9			64.4			30.0			82.5			84.1			261.0
Selling and administrative		72.9			56.9			65.3			68.5			64.1			254.8
Income (loss) from equity affiliates and minority interest		8.1			11.1			11.7			(1.6	)		6.5			27.7
Operating income (loss)		20.1			18.6			(23.6	)		12.4			26.5			33.9
Interest expense, net		(8.4	)		(7.1	)		(10.3	)		(15.1	)		(14.4	)		(46.9	)
Premium on early extinguishment of debt		—			—			(7.5	)		(5.3	)		—			(12.8	)
Other expense, net		(2.0	)		(2.1	)		(1.8	)		(1.8	)		(0.9	)		(6.6	)
Income (loss) before income taxes		9.7			9.4			(43.2	)		(9.8	)		11.2			(32.4	)
Income tax benefit (expense)		(3.2	)		(2.3	)		45.5			4.4			(3.8	)		43.8
Net income (loss)	$	6.5		$	7.1		$	2.3		$	(5.4	)	$	7.4		$	11.4
Basic and diluted earnings per common share:	$	0.07		$	0.08		$	0.02		$	(0.06	)	$	0.08		$	0.12
Weighted average shares used to compute earnings per share:
Basic		92.9			92.9			92.8			92.8			92.6			92.8
Diluted		93.3			93.2			93.3			92.8			93.0			93.1
Dividends declared per share of common stock	$	—		$	—		$	—		$	—		$	—		$	—

	4Q06			3Q06			2Q06			1Q06			2006Y
Sales	$	595.2		$	666.2		$	686.4		$	674.6		$	2,622.4
Cost of sales		527.6			603.6			599.5			591.2			2,321.9
Gross margin		67.6			62.6			86.9			83.4			300.5
Selling and administrative		56.6			56.2			54.9			54.2			221.9
Income from equity affiliates and minority interest		11.6			30.0			31.6			38.8			112.0
Operating income		22.6			36.4			63.6			68.0			190.6
Interest expense, net		(15.9	)		(15.1	)		(16.0	)		(16.1	)		(63.1	)
Premium on early extinguishment of debt		(3.2	)		—			(1.2	)		—			(4.4	)
Other expense, net		0.1			(0.2	)		(1.5	)		(1.2	)		(2.8	)
Income before income taxes and discontinued operations		3.6			21.1			44.9			50.7			120.3
Income tax benefit (expense)		10.9			(1.5	)		(2.4	)		(1.7	)		5.3
Income from continuing operations		14.5			19.6			42.5			49.0			125.6
Loss from discontinued operations and loss on sale, net of income taxes		(0.6	)		—			—			(2.1	)		(2.7	)
Net income	$	13.9		$	19.6		$	42.5		$	46.9		$	122.9
Basic and diluted earnings per common share:
From continuing operations	$	0.16		$	0.21		$	0.46		$	0.53		$	1.36
Net income	$	0.15		$	0.21		$	0.46		$	0.51		$	1.33
Weighted average shares used to compute earnings per share:
Basic		92.5			92.5			92.4			92.1			92.4
Diluted		93.0			93.0			93.0			92.5			92.8
Dividends declared per share of common stock	$	—		$	—		$	—		$	—		$	—

Attachment 2

Segment Information (Unaudited)
(In millions)

	1Q08			4Q07			3Q07			2Q07			1Q07			2007Y
Sales:
International Color and Engineered Materials	$	165.2		$	146.9		$	147.4		$	150.3		$	144.0		$	588.6
Specialty Engineered Materials		64.5			28.7			31.8			31.4			32.4			124.3
Specialty Color, Additives and Inks		58.4			53.0			58.7			60.5			59.8			232.0
Specialty Platform		288.1			228.6			237.9			242.2			236.2			944.9
Performance Products and Solutions		259.3			246.1			274.5			293.0			273.2			1,086.8
PolyOne Distribution		201.1			184.0			185.8			190.1			184.4			744.3
Corporate and eliminations		(34.8	)		(27.4	)		(33.4	)		(36.5	)		(36.0	)		(133.3	)
Sales	$	713.7		$	631.3		$	664.8		$	688.8		$	657.8		$	2,642.7
Gross margin:
International Color and Engineered Materials	$	28.8		$	23.0		$	23.9		$	25.8		$	23.2		$	95.9
Specialty Engineered Materials		11.6			2.9			3.4			3.1			2.8			12.2
Specialty Color, Additives and Inks		11.2			9.5			11.2			11.3			9.3			41.3
Specialty Platform		51.6			35.4			38.5			40.2			35.3			149.4
Performance Products and Solutions		21.0			15.6			23.9			30.9			35.1			105.5
PolyOne Distribution		17.2			15.4			14.8			15.8			14.7			60.7
Resin and Intermediates		—			—			—			(0.2	)		0.8			0.6
Corporate and eliminations		(4.9	)		(2.0	)		(47.2	)		(4.2	)		(1.8	)		(55.2	)
Gross margin	$	84.9		$	64.4		$	30.0		$	82.5		$	84.1		$	261.0
Operating income (loss):
International Color and Engineered Materials	$	7.8		$	4.8		$	6.5		$	7.8		$	6.0		$	25.1
Specialty Engineered Materials		2.9			(1.0	)		—			(0.3	)		(0.9	)		(2.2	)
Specialty Color, Additives and Inks		2.8			1.3			3.2			2.6			(0.1	)		7.0
Specialty Platform		13.5			5.1			9.7			10.1			5.0			29.9
Performance Products and Solutions		8.3			4.3			12.6			18.6			22.0			57.5
PolyOne Distribution		5.5			5.7			5.3			6.5			4.6			22.1
Resin and Intermediates		5.9			7.3			11.2			12.0			4.3			34.8
Corporate and eliminations		(13.1	)		(3.8	)		(62.4	)		(34.8	)		(9.4	)		(110.4	)
Operating income (loss)	$	20.1		$	18.6		$	(23.6	)	$	12.4		$	26.5		$	33.9

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Attachment 3

Segment Information (Unaudited)
(In millions)

	4Q06			3Q06			2Q06			1Q06			2006Y
Sales:
International Color and Engineered Materials	$	129.2		$	130.6		$	129.6		$	121.3		$	510.7
Specialty Engineered Materials		25.4			29.1			29.9			28.9			113.3
Specialty Color, Additives and Inks		55.7			64.2			67.4			65.8			253.1
Specialty Platform		210.3			223.9			226.9			216.0			877.1
Performance Products and Solutions		249.4			301.2			311.7			303.9			1,166.2
PolyOne Distribution		166.9			182.1			189.7			194.1			732.8
Corporate and eliminations		(31.4	)		(41.0	)		(41.9	)		(39.4	)		(153.7	)
Sales	$	595.2		$	666.2		$	686.4		$	674.6		$	2,622.4
Gross margin:
International Color and Engineered Materials	$	20.0		$	21.0		$	22.1		$	20.8		$	83.9
Specialty Engineered Materials		1.8			3.1			3.6			2.2			10.7
Specialty Color, Additives and Inks		6.4			7.7			8.4			9.4			31.9
Specialty Platform		28.2			31.8			34.1			32.4			126.5
Performance Products and Solutions		26.7			26.4			37.8			33.2			124.1
PolyOne Distribution		12.4			14.3			15.0			15.9			57.6
Resin and Intermediates		0.1			0.3			(0.4	)		—			—
Corporate and eliminations		0.2			(10.2	)		0.4			1.9			(7.7	)
Gross margin	$	67.6		$	62.6		$	86.9		$	83.4		$	300.5
Operating income (loss):
International Color and Engineered Materials	$	3.4		$	5.2		$	6.4		$	5.6		$	20.6
Specialty Engineered Materials		(1.8	)		(0.1	)		0.4			(0.9	)		(2.4	)
Specialty Color, Additives and Inks		(3.0	)		(2.0	)		0.1			0.8			(4.1	)
Specialty Platform		(1.4	)		3.1			6.9			5.5			14.1
Performance Products and Solutions		13.0			14.0			24.9			21.5			73.4
PolyOne Distribution		3.6			4.3			5.1			6.2			19.2
Resin and Intermediates		9.7			27.9			29.0			36.3			102.9
Corporate and eliminations		(2.3	)		(12.9	)		(2.3	)		(1.5	)		(19.0	)
Operating income	$	22.6		$	36.4		$	63.6		$	68.0		$	190.6

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