Advansix Stock Price, News & Analysis

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.

AdvanSix (NYSE: ASIX) is set to release its first quarter 2022 financial results before the market opens on May 6. The company will host a conference call for investors at 9:00 a.m. ET on the same day. Interested participants can join by calling (844) 855-9494 domestically or (412) 858-4602 internationally. A replay will be available for one week following the call. The company focuses on delivering essential products across various industries, including nylon solutions and plant nutrients.

AdvanSix (ASIX) reported record annual sales of $1.68 billion and net income of $139.8 million for FY 2021, representing a 45% sales increase year-over-year. The fourth quarter saw sales of $424 million, with earnings per share (EPS) at $0.80. A strategic acquisition of U.S. Amines for approximately $100 million aims to enhance market position and revenue. The company announced a quarterly dividend of $0.125 per share and anticipates significant earnings growth in 2022, driven by strong demand in nylon and chemical intermediates.

AdvanSix (NYSE: ASIX) will release its fourth quarter and full year 2021 financial results before the New York Stock Exchange opens on February 18. A conference call for investors will follow at 9:00 a.m. ET. Participants can join by calling (844) 855-9494 domestically or (412) 858-4602 internationally, approximately 10 minutes before the call. A replay will be accessible from 12 noon ET on the same day until 12 noon ET on February 25. Additional details, including a real-time audio webcast, will be available at advansix.com.

AdvanSix (NYSE: ASIX) has appointed Farha Aslam as a new independent board member, enhancing its leadership team. As the Managing Partner of Crescent House Capital, she brings extensive agribusiness and financial expertise. Ms. Aslam's experience includes two decades as a top analyst, and she will serve on both the Audit Committee and Compensation and Leadership Development Committee. AdvanSix's Board now comprises 10 members, including nine independents, signifying a strategic move to align with corporate priorities and enhance long-term shareholder value.

AdvanSix (ASIX) reported strong Q3 2021 results, with sales of $446 million, a 58% increase year-over-year. Key factors include a 28% favorable impact from market pricing and a 22% increase from raw material pass-through. Net income reached $43.9 million, up from a loss of $0.7 million last year, resulting in an earnings per share (EPS) of $1.51. Cash flow from operations was $76 million, an increase of $41 million. The company also announced a $0.125 quarterly dividend and secured a new $500 million credit facility to enhance liquidity.

AdvanSix (NYSE: ASIX) plans to release its third-quarter 2021 financial results on October 29, before the New York Stock Exchange opens. The company will host a conference call for investors at 9:00 a.m. ET on the same day. Participants can access the call by dialing the respective numbers for domestic and international callers. A replay of the call will be available starting at noon ET on October 29 through November 5. Investors can also view related materials and listen to a webcast on AdvanSix's investor website.

AdvanSix (NYSE: ASIX) has initiated a quarterly cash dividend of $0.125 per share, signaling confidence in its financial strength. The announcement coincides with the company's five-year anniversary as an independent public entity, highlighting significant shareholder value creation. The company expects 3Q 2021 EBITDA between $65 million and $70 million and diluted EPS of $1.23 to $1.36 per share. CEO Erin Kane emphasized the commitment to sustainable shareholder returns, driven by improved earnings and a diverse product portfolio.

AdvanSix (NYSE: ASIX) has introduced 100% post-industrial recycled (PIR) grades to its Aegis^® PA6 Resins and Capran^® BOPA films. This product line aims to help customers meet sustainability goals without sacrificing performance. The PIR grades are food-contact compliant and processed similarly to standard grades, requiring no requalification for customers. Certified by SCS Global Services, these products enhance environmentally friendly manufacturing practices. AdvanSix's commitment to sustainability is evident through its recent Platinum rating from EcoVadis for corporate social responsibility.