earnings
confidence high
sentiment negative
materiality 0.70
AdvanSix prelim Q3 Adj. EBITDA $31-34M; turnaround costs $15M pre-tax hit
AdvanSix Inc.
2022-Q3 EPS reported
$4.74
revenue$1,541,578,000
- Adjusted EBITDA expected $31-34M for Q3 2022; extended Frankford phenol turnaround caused ~$15M unfavorable impact to pre-tax income.
- Despite disruption, cash generation remained strong; 16% dividend increase approved, ~$13M share repurchases in quarter, and debt paydown.
- Management expects Q4 performance to rebound toward Q1/Q2 levels, supported by agriculture fundamentals and higher utilization rates.
- Full Q3 earnings call scheduled for Nov 4, 2022 at 9:00 a.m. ET; replay available through Nov 11.