AdvanSix Announces Fourth Quarter and Full Year 2025 Financial Results

Key Terms

adjusted ebitda financial

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

capital expenditures financial

Capital expenditures are the money a company spends to buy or improve big assets like buildings, equipment, or machines that will last a long time. These investments matter because they help the company grow and operate more efficiently, similar to how upgrading a home’s appliances or adding a new room can make it better and more valuable.

cash flow from operations financial

Cash flow from operations is the money a company actually generates from its core business activities—sales, services and day-to-day operations—after paying routine costs like wages and suppliers. Investors watch it like a company’s operating “paycheck” because it shows whether the business can fund growth, pay debts and return cash to shareholders without relying on loans or one-time asset sales; steady positive cash flow is a sign of financial health.

diluted earnings per share financial

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

non-gaap measures financial

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

45q carbon capture tax credits regulatory

A federal tax credit that pays a set amount for each metric ton of carbon dioxide a project captures and permanently stores or uses in a durable way, similar to receiving a rebate for each bag of trash you divert from a landfill. It matters to investors because it directly improves the economics and cash flows of carbon-capture projects, lowers project risk by subsidizing operating costs, and can materially affect valuations and financing decisions for companies pursuing emission reductions.

anti-dumping duties regulatory

A tariff imposed by a government on imported goods that are believed to be sold abroad at unfairly low prices (known as "dumping"); the extra charge acts like a temporary surcharge to bring foreign prices closer to domestic market levels. Investors watch these duties because they can raise costs for importers, protect local producers, change competitive dynamics, and alter revenue or margin outlooks for companies exposed to affected products or markets.

4Q25 Sales of $360 million, up 9% versus prior year

4Q25 Earnings Per Share of ($0.10); Adjusted Earnings Per Share of $0.03

4Q25 Cash Flow from Operations of $64 million

2025 planned plant turnarounds completed successfully at lower end of range

Driving improved cash flow in 2026 through fixed cost savings, turnaround scope, risk-based prioritization of capital expenditures, and tax benefits

PARSIPPANY, N.J.--(BUSINESS WIRE)-- AdvanSix (NYSE: ASIX), an integrated chemistry company serving diverse end markets, today announced its financial results for the fourth quarter and full year ending December 31, 2025. Overall, the Company had a strong finish to the year with its focus on optimizing operational and commercial performance to successfully navigate dynamic industry conditions.

Full Year 2025 Summary

Summary full year 2025 financial results for the Company are included below:

($ in Thousands, Except Earnings Per Share)	FY 2025		FY 2024
Sales	$1,522,233		$1,517,557
Net Income	49,286		44,149
Diluted Earnings Per Share	1.80		1.62
Adjusted Diluted Earnings Per Share (1)	2.28		1.96
Adjusted EBITDA (1)	156,798		142,116
Adjusted EBITDA Margin % (1)	10.3%		9.4%
Cash Flow from Operations	122,863		135,413
Capital Expenditures	116,445		133,722
Free Cash Flow (1)(2)	6,418		1,691

(1) See “Non-GAAP Measures” included in this press release for non-GAAP reconciliations

(2) Net cash provided by operating activities less capital expenditures

Sales by product line and approximate percentage of total sales are included below:

($ in Thousands)	FY 2025					FY 2024 (1)
	Sales			% of Total		Sales			% of Total
Nylon	$	309,678		20%		$	348,501		23%
Caprolactam		271,370		18%			276,303		18%
Plant Nutrients		563,688		37%			458,152		30%
Chemical Intermediates		377,497		25%			434,601		29%
Total	$	1,522,233		100%		$	1,517,557		100%

(1) In 2024, the Company transferred certain products between its Chemical Intermediates product line and its Plant Nutrients product line to align more closely with its current sales structure. Historical information has been reclassified to reflect these changes for all periods presented in the Consolidated Financial Statements. Total revenue amounts were not impacted for either period.

"The AdvanSix team executed well to close out 2025. We delivered full year Adjusted EBITDA of $157 million and generated positive free cash flow in a year characterized by continued cyclical trough market conditions for Nylon Solutions, robust Plant Nutrients supply and demand fundamentals amid a higher raw material input cost environment, and mixed Chemical Intermediates industry conditions with lower net pricing as anticipated,” said Erin Kane, president and CEO of AdvanSix. "We generated these results while successfully executing our planned plant turnarounds, delivering record annual production across both of our key ammonia and sulfuric acid unit operations, funding key growth and enterprise initiatives including our SUSTAIN program, claiming additional 45Q carbon capture tax credits, receiving final settlement proceeds related to the 2019 PES supplier shutdown claim, preserving our competitive dividend and maintaining conservative debt leverage levels."

Fourth Quarter 2025 Summary

Summary fourth quarter 2025 financial results for the Company are included below:

($ in Thousands, Except Earnings Per Share)	4Q 2025		4Q 2024
Sales	$359,947		$329,063
Net Income (loss)	(2,791)		352
Diluted Earnings Per Share	(0.10)		0.01
Adjusted Diluted Earnings Per Share (1)	0.03		0.09
Adjusted EBITDA (1)	24,763		10,219
Adjusted EBITDA Margin % (1)	6.9%		3.1%
Cash Flow from Operations	63,722		64,165
Capital Expenditures	27,596		34,349
Free Cash Flow (1)(2)	36,126		29,816

(1) See “Non-GAAP Measures” included in this press release for non-GAAP reconciliations

(2) Net cash provided by operating activities less capital expenditures

Sales of $360 million in the quarter increased approximately 9% versus the prior year. Sales volume increased approximately 11% primarily driven by the prior year impact of the 4Q24 extended planned turnaround. Market-based pricing was favorable by approximately 2% driven by continued strength in Plant Nutrients, reflecting favorable North American ammonium sulfate supply and demand conditions, partially offset by lower acetone prices as anticipated. Raw material pass-through pricing was down approximately 4% following a net cost decrease in benzene and propylene (inputs to cumene which is a key feedstock to our products).

Sales by product line and approximate percentage of total sales are included below:

($ in Thousands)	4Q 2025					4Q 2024 (1)
	Sales			% of Total		Sales			% of Total
Nylon	$	62,778		17%		$	67,172		21%
Caprolactam		64,377		18%			57,216		17%
Plant Nutrients		139,991		39%			102,566		31%
Chemical Intermediates		92,801		26%			102,109		31%
Total	$	359,947		100%		$	329,063		100%

(1) In 2024, the Company transferred certain products between its Chemical Intermediates product line and its Plant Nutrients product line to align more closely with its current sales structure. Historical information has been reclassified to reflect these changes for all periods presented in the Consolidated Financial Statements. Total revenue amounts were not impacted for either period.

Adjusted EBITDA of $24.8 million in the quarter increased $14.5 million versus the prior year primarily driven by the favorable year-over-year volume and cost impact of plant turnarounds, partially offset by a decline in Chemical Intermediates pricing, net of raw material costs.

Adjusted earnings per share of $0.03 decreased $0.06 versus the prior year driven primarily by the factors discussed above, which were more than offset by the $9.7 million in 45Q carbon capture tax credits claimed in the fourth quarter of 2024.

Cash flow from operations of $63.7 million in the quarter decreased $0.4 million versus the prior year primarily due to lower ammonium sulfate pre-buy cash advances partially offset by other changes in working capital. Capital expenditures of $27.6 million in the quarter decreased $6.8 million versus the prior year.

Outlook

• Anticipate continued strength in Plant Nutrients supply and demand fundamentals amid meaningfully higher sulfur input costs
• Acetone spread over propylene costs expected to hold near cycle averages; Anti-dumping duties into U.S. renewed for another five years
• Navigating an extended trough in the nylon cycle - focused on controllable levers to optimize performance
• Expect Capital Expenditures of $75 to $95 million in 2026 versus approximately $116 million in 2025, reflecting a risk-based prioritization of base investments and enterprise programs with continued progression of growth programs including SUSTAIN
• Expect pre-tax income impact of plant turnarounds to be $20 to $25 million in 2026 versus approximately $25 million in 2025
• Expect cash flow benefit in 2026 and beyond from 45Q carbon capture tax credits and 100% bonus depreciation

"The end market environment entering 2026 remains mixed overall. We've seen continued strength in Plant Nutrients and acetone margins remain near cycle averages, while nylon has plateaued in its trough. Conversely, there have been several recent industry announcements pointing to capacity rationalization and lower operating rates, which we believe should lead to more favorable supply and demand conditions over time. We remain highly focused on delivering on controllable levers including continued optimization of production output and sales volume mix while driving productivity to support through-cycle profitability. We have embarked on a multi-year non-manpower fixed cost savings program targeting approximately $30 million of annual savings. In addition, we now anticipate capital expenditures to be in the range of $75 to $95 million in 2026 driven by a risk-based prioritization of our capital investments and keen focus on cash flow generation and conversion. Our strategic initiatives, unique combination of assets and business model are core to our durable competitive advantage and long-term positioning,” concluded Kane.

Dividend

The Company's Board of Directors declared a quarterly cash dividend of $0.16 per share on the Company's common stock. The dividend is payable on March 23, 2026 to stockholders of record as of the close of business on March 9, 2026.

Conference Call Information

AdvanSix will discuss its results during its investor conference call today starting at 9:30 a.m. ET. To participate on the conference call, dial (844) 855-9494 (domestic) or (412) 858-4602 (international) approximately 10 minutes before the 9:30 a.m. ET start, and tell the operator that you are dialing in for AdvanSix’s fourth quarter 2025 earnings call. The live webcast of the investor call as well as related presentation materials can be accessed at http://investors.advansix.com. Investors can hear a replay of the conference call from 12 noon ET on February 20 until 12 noon ET on February 27 by dialing (855) 669-9658 (domestic) or (412) 317-0088 (international). The access code is 2514016.

About AdvanSix

AdvanSix is an integrated chemistry company that produces essential materials for our customers across diverse end markets. Our value chain of our five U.S.-based manufacturing facilities plays a critical role in global supply chains and enables us to innovate and deliver essential products for our customers across building and construction, fertilizers, agrochemicals, plastics, solvents, packaging, paints, coatings, adhesives, electronics and other end markets. Guided by our core values of Safety, Integrity, Accountability and Respect, AdvanSix strives to deliver best-in-class customer experiences and differentiated products in the industries of nylon solutions, plant nutrients, and chemical intermediates. More information on AdvanSix can be found at http://www.advansix.com.

Forward Looking Statements

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," “outlook,” "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally; the potential effects of inflationary pressures, tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, or threats of such actions, changes in interest rates, labor market shortages and supply chain issues; instability or volatility in financial markets or other unfavorable economic or business conditions caused by geopolitical concerns, including as a result of new or proposed legislation or regulatory, trade or other policies in or impacting the U.S., the conflict between Russia and Ukraine, the conflicts in Israel, Gaza and Iran, and related uncertainty in the surrounding region, and the possible expansion of such conflicts; the effect of any of the foregoing on our customers’ demand for our products and our suppliers’ ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services; the ability of our customers to pay for our products; any closures of our and our customers’ offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks, data privacy incidents and disruptions to our technology infrastructure; risks associated with potential use of artificial intelligence in our operations or those of third party service providers; risks associated with operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost, or at all, due to economic conditions or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters, pandemics, geopolitical conflicts and related events; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; failure to maintain effective internal controls; our ability to declare and pay quarterly cash dividends and the amounts and timing of any future dividends; our ability to repurchase our common stock and the amount and timing of any future repurchases; disruptions in supply chain, transportation and logistics; potential for uncertainty regarding qualification for tax treatment of our spin-off; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ materially from those contemplated by such forward-looking statements as a result of a number of risks, uncertainties and other factors including those noted above and those identified in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, as updated in subsequent reports filed with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. We do not undertake to update or revise any of our forward-looking statements.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures intended to supplement, not to act as substitutes for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in this press release. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. Non-GAAP measures in this press release may be calculated in a way that is not comparable to similarly-titled measures reported by other companies.

AdvanSix Inc. Consolidated Balance Sheets (Unaudited) (Dollars in thousands, except share and per share amounts)
	December 31, 2025				December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$	19,766			$	19,564
Accounts and other receivables – net		154,102				145,673
Inventories – net		236,495				212,386
Taxes receivable		21,605				503
Other current assets		8,639				8,990
Total current assets		440,607				387,116
Property, plant and equipment – net		963,718				917,858
Operating lease right-of-use assets		164,494				153,438
Goodwill		56,192				56,192
Intangible assets		40,095				43,144
Other assets		41,042				37,172
Total assets	$	1,706,148			$	1,594,920
LIABILITIES
Current liabilities:
Accounts payable	$	284,016			$	228,761
Accrued liabilities		45,945				47,264
Income taxes payable		1,100				1,047
Operating lease liabilities – short-term		44,354				42,493
Deferred income and customer advances		14,536				37,538
Total current liabilities		389,951				357,103
Deferred income taxes		154,061				145,299
Operating lease liabilities – long-term		121,201				111,400
Line of credit – long-term		215,000				195,000
Other liabilities		10,719				11,468
Total liabilities		890,932				820,270
STOCKHOLDERS' EQUITY
Common stock, par value $0.01; 200,000,000 shares authorized; 33,177,824 shares issued and 26,864,035 outstanding at December 31, 2025; 32,989,165 shares issued and 26,737,036 outstanding at December 31, 2024		332				330
Preferred stock, par value $0.01; 50,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024		—				—
Treasury stock at par (6,313,789 shares at December 31, 2025; 6,252,129 shares at December 31, 2024)		(63	)			(63	)
Additional paid-in capital		142,932				136,872
Retained earnings		663,019				631,541
Accumulated other comprehensive income		8,996				5,970
Total stockholders' equity		815,216				774,650
Total liabilities and stockholders' equity	$	1,706,148			$	1,594,920

AdvanSix Inc. Consolidated Statements of Operations (Unaudited) (Dollars in thousands, except share and per share amounts)
	Three Months Ended December 31,								Twelve Months Ended December 31,
		2025				2024				2025				2024
Sales	$	359,947			$	329,063			$	1,522,233			$	1,517,557
Costs, expenses and other:
Cost of goods sold		332,576				317,762				1,357,293				1,364,621
Selling, general and administrative expenses		28,499				21,734				104,750				94,023
Interest expense, net		2,363				2,174				8,481				11,311
Other non-operating (income) expense, net		(890	)			218				(2,722	)			2,027
Total costs, expenses and other		362,548				341,888				1,467,802				1,471,982
Income (loss) before taxes		(2,601	)			(12,825	)			54,431				45,575
Income tax expense (benefit)		190				(13,177	)			5,145				1,426
Net income (loss)	$	(2,791	)		$	352			$	49,286			$	44,149
Earnings per common share
Basic	$	(0.10	)		$	0.01			$	1.83			$	1.65
Diluted	$	(0.10	)		$	0.01			$	1.80			$	1.62
Weighted average common shares outstanding
Basic		26,941,274				26,805,182				26,901,046				26,828,338
Diluted		26,941,274				27,234,784				27,327,449				27,255,213

AdvanSix Inc. Consolidated Statements of Cash Flows (Unaudited) (Dollars in thousands)
	Three Months Ended December 31,								Twelve Months Ended December 31,
		2025				2024				2025				2024
Cash flows from operating activities:
Net income (loss)	$	(2,791	)		$	352			$	49,286			$	44,149
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		20,774				18,979				79,740				76,176
(Gain) loss on disposal of assets		96				358				(81	)			773
Deferred income taxes		(6,645	)			(12,629	)			7,821				(8,991	)
Stock-based compensation		902				1,891				6,821				7,854
Amortization of deferred financing fees		133				154				597				618
Operational asset adjustments		—				—				—				1,200
Changes in assets and liabilities, net of business acquisitions:
Accounts and other receivables		30,576				3,342				(8,395	)			18,411
Inventories		(27,375	)			1,048				(24,109	)			(555	)
Taxes receivable		2,153				(128	)			(21,102	)			931
Accounts payable		36,320				13,077				52,866				(30,610	)
Income taxes payable		1,051				612				53				(6,986	)
Accrued liabilities		(9,721	)			(8,562	)			(808	)			2,426
Deferred income and customer advances		13,855				36,021				(23,002	)			21,860
Other assets and liabilities		4,394				9,650				3,176				8,157
Net cash provided by operating activities		63,722				64,165				122,863				135,413
Cash flows from investing activities:
Expenditures for property, plant and equipment		(27,596	)			(34,349	)			(116,445	)			(133,722	)
Other investing activities		(16	)			(3,127	)			(6,169	)			(9,180	)
Net cash used for investing activities		(27,612	)			(37,476	)			(122,614	)			(142,902	)
Cash flows from financing activities:
Borrowings from line of credit		54,000				94,500				370,500				406,000
Repayments of line of credit		(89,000	)			(114,500	)			(350,500	)			(381,000	)
Payment of line of credit facility fees		(478	)			—				(478	)			—
Principal payments of finance leases		(262	)			(249	)			(1,002	)			(1,011	)
Dividend payments		(4,300	)			(4,277	)			(17,176	)			(17,135	)
Purchase of treasury stock		—				(1	)			(1,658	)			(10,428	)
Issuance of common stock		—				104				267				859
Net cash used for financing activities		(40,040	)			(24,423	)			(47	)			(2,715	)
Net change in cash and cash equivalents		(3,930	)			2,266				202				(10,204	)
Cash and cash equivalents at beginning of period		23,696				17,298				19,564				29,768
Cash and cash equivalents at the end of period	$	19,766			$	19,564			$	19,766			$	19,564
Supplemental non-cash investing activities:
Capital expenditures included in accounts payable									$	26,670			$	23,645

AdvanSix Inc. Non-GAAP Measures (Dollars in thousands, except share and per share amounts)   Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
	Three Months Ended December 31,								Twelve Months Ended December 31,
		2025				2024				2025				2024
Net cash provided by operating activities	$	63,722			$	64,165			$	122,863			$	135,413
Expenditures for property, plant and equipment		(27,596	)			(34,349	)			(116,445	)			(133,722	)
Free cash flow (1)	$	36,126			$	29,816			$	6,418			$	1,691
(1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment.
The Company believes that this metric is useful to investors and management as a measure to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity.

Reconciliation of Net Income to Adjusted EBITDA and Earnings Per Share to Adjusted Earnings Per Share
	Three Months Ended December 31,								Twelve Months Ended December 31,
		2025				2024				2025				2024
Net income (loss)	$	(2,791	)		$	352			$	49,286			$	44,149
Non-cash stock-based compensation		902				1,891				6,821				7,854
Non-recurring, unusual or extraordinary expense (2)		—				—				—				1,200
Non-cash amortization from acquisitions		532				531				2,127				2,126
Strategic advisory and professional fees (3)		3,325				—				7,325				—
Income tax benefit relating to reconciling items		(1,099	)			(417	)			(3,386	)			(2,011	)
Adjusted Net income (non-GAAP)		869				2,357				62,173				53,318
Interest expense, net		2,363				2,174				8,481				11,311
Income tax expense (benefit) - Adjusted		1,289				(12,760	)			8,531				3,437
Depreciation and amortization - Adjusted		20,242				18,448				77,613				74,050
Adjusted EBITDA (non-GAAP)	$	24,763			$	10,219			$	156,798			$	142,116
Sales	$	359,947			$	329,063			$	1,522,233			$	1,517,557
Adjusted EBITDA Margin (non-GAAP) (4)		6.9	%			3.1	%			10.3	%			9.4	%
(2) 2024 includes a pre-tax loss of approximately $1.2 million from the reduction of the Company's anticipated receivable related to the gain on the termination fee recorded upon the exit from the Oben Holding Group S.A. alliance during the third quarter of 2023
(3) Legal and professional fees associated with strategic regulatory matters and potential inorganic growth options, including costs associated with a transaction the Company is no longer pursuing
(4) Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by Sales

	Three Months Ended December 31,							Twelve Months Ended December 31,
		2025				2024			2025			2024
Net income (loss)	$	(2,791	)		$	352		$	49,286		$	44,149
Adjusted Net income (non-GAAP)		869				2,357			62,173			53,318
Weighted-average number of common shares outstanding - basic		26,941,274				26,805,182			26,901,046			26,828,338
Dilutive effect of equity awards and other stock-based holdings		—				429,602			426,403			426,875
Weighted-average number of common shares outstanding - diluted		26,941,274				27,234,784			27,327,449			27,255,213
EPS - Basic	$	(0.10	)		$	0.01		$	1.83		$	1.65
EPS - Diluted	$	(0.10	)		$	0.01		$	1.80		$	1.62
Adjusted EPS - Basic (non-GAAP)	$	0.03			$	0.09		$	2.31		$	1.99
Adjusted EPS - Diluted (non-GAAP)	$	0.03			$	0.09		$	2.28		$	1.96

The Company believes the non-GAAP financial measures presented in this release provide meaningful supplemental information as they are used by the Company’s management to evaluate the Company’s operating performance, enhance a reader’s understanding of the financial performance of the Company, and facilitate a better comparison among fiscal periods and performance relative to its competitors, as these non-GAAP measures exclude items that are not considered core to the Company’s operations.

AdvanSix Inc. Appendix (Pre-tax income impact, Dollars in millions)   Planned Plant Turnaround Schedule (4)

1Q

2Q

3Q

4Q

FY

Primary Unit Operation

2017

—

~$10

~$4

~$20

~$34

Sulfuric Acid

2018

~$2

~$10

~$30

—

~$42

Ammonia

2019

—

~$5

~$5

~$25

~$35

Sulfuric Acid

2020

~$2

~$7

~$20

~$2

~$31

Ammonia

2021

~$3

~$8

—

~$18

~$29

Sulfuric Acid

2022

~$1

~$5

~$44(5)

—

~$50

Ammonia

2023

~$2

~$1

~$27

—

~$30

Sulfuric Acid

2024

~$5

~$3

~$3

~$47(6)

~$58

Ammonia

2025

~$5

~$6

—

~$14

~$25

Sulfuric Acid

2026E

~$3

$10-$15

—

~$7

$20-$25

Ammonia

(4) Primarily reflects the impact of fixed cost absorption, maintenance expense, and the purchase of feedstocks which are normally manufactured by the Company.

(5) During the multi-site planned plant turnaround, additional required maintenance at our Frankford phenol plant contributed to reduced production across our integrated value chain and a delayed ramp to full operating rates at our Hopewell and Chesterfield sites, resulting in an incremental $15 million unfavorable impact to pre-tax income, which is reflected in this amount and is inclusive of fixed cost absorption, higher maintenance expense and lost sales.

(6) During the multi-site planned plant turnaround, additional required maintenance at our Hopewell plant contributed to reduced production across our integrated value chain and a delayed ramp to full operating rates, resulting in an incremental approximately $17 million unfavorable impact to pre-tax income, which is reflected in this amount and is inclusive of fixed cost absorption, higher maintenance expense, and lost sales.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219417617/en/

Media

Janeen Lawlor

(973) 526-1615

janeen.lawlor@advansix.com

Investors

Adam Kressel

(973) 526-1700

adam.kressel@advansix.com

Source: AdvanSix