Advansix Stock Price, News & Analysis

AdvanSix (NYSE: ASIX) will release its fourth quarter and full year 2022 financial results on February 17, 2023, before the NYSE opens. A conference call for investors is scheduled for 9:00 a.m. ET the same day, accessible via dialing (844) 855-9494 for domestic callers or (412) 858-4602 internationally. A replay will be available from 12 noon ET on February 17 until 12 noon ET on February 24. The event will also be webcasted live, with presentation materials accessible on the AdvanSix investor website. The company focuses on providing essential products across various industries, emphasizing sustainability and customer satisfaction.

AdvanSix (NYSE: ASIX) has been honored by the NACD New Jersey Chapter with the 2023 Annual Director of the Year Award for Public Company Board of the Year. This award recognizes outstanding contributions to governance and leadership within the corporate sector. AdvanSix's commitment to diversity was further acknowledged with a 3+ rating for having three or more women on its board. The Board's emphasis on strong corporate governance is reflected in its 2021 Platinum Rating for CSR by EcoVadis. Award recipients will be honored at a ceremony on May 8, 2023, in West Orange, NJ.

AdvanSix (ASIX) reported third quarter 2022 sales of $479 million, a 7% increase year-over-year, attributed to favorable market pricing and acquisitions, despite an 18% decline in sales volume due to an extended plant turnaround. Net income fell to $10 million from $44 million the previous year, leading to a decrease in diluted EPS to $0.35. Adjusted EBITDA also declined to $33.3 million. The company returned $17 million to shareholders through dividends and repurchases, with a quarterly dividend increase of 16%. Outlook for Q4 anticipates improved performance and strong cash flow generation.

AdvanSix (NYSE: ASIX) has provided a preliminary update regarding its third-quarter 2022 financial performance and turnaround activities. The company forecasts an Adjusted EBITDA between $31 and $34 million. A multi-site turnaround in September, coupled with maintenance at the Frankford facility, led to an estimated $15 million adverse impact on pre-tax income due to reduced production. However, strong cash generation allowed for a previously announced 16% dividend increase and share repurchases of $13 million.

AdvanSix (ASIX) reported Q2 2022 sales of $584 million, a 33% increase year-over-year, driven by favorable market pricing and acquisitions. Net income rose to $65.2 million, with earnings per share at $2.23, and adjusted EPS at $2.30, up 40%. Cash flow from operations surged 85% to $96 million. The company announced a 16% increase in its quarterly dividend to $0.145 per share. Looking ahead, AdvanSix anticipates continued growth, backed by strong demand in North America and successful integration of U.S. Amines.

AdvanSix (NYSE: ASIX) will announce its Q2 2022 financial results before the opening of the New York Stock Exchange on August 5, 2022. A conference call for investors is scheduled for 9:00 a.m. ET on the same day. Participants can join by dialing (844) 855-9494 domestically or (412) 858-4602 internationally. A replay will be available from 12 noon ET on August 5 until August 12, 2022. Details for an audio webcast and presentation materials will be accessible on the company's investor website.

AdvanSix (NYSE: ASIX) announced that its SVP and CFO, Michael Preston, will present at the Stifel Cross Sector Insight Conference on June 8, 2022, from 8:00 to 8:30 a.m. ET in Boston, Massachusetts. A live webcast of the presentation can be accessed through the company's investor website, and a replay will be available for 90 days afterward. AdvanSix plays a vital role in global supply chains, offering essential products across diverse markets, including construction, agrochemicals, and electronics.

AdvanSix reported record results for Q1 2022, with sales reaching $479 million, a 27% increase year-over-year. Net income grew to $63.1 million ($2.15 per share), with adjusted EPS at $2.26, up 115%. Adjusted EBITDA rose to $103.2 million, reflecting strong ammonium sulfate fertilizer performance. However, cash flow from operations decreased to $49 million, down $8 million from last year. The company also announced a quarterly dividend of $0.125 per share and closed the acquisition of U.S. Amines, enhancing its market position.