AdvanSix Q1 2023 net income down 45% YoY; EPS $1.22; dividend declared

AdvanSix Inc.

2023-Q1 EPS reported $1.22 revenue$400,544,000

Net income $35.0M ($1.22 diluted EPS) vs $63.1M ($2.15) in Q1 2022; adjusted EPS $1.30.
Sales $401M, down 16% YoY on 9% lower volume, 6% unfavorable pricing, 4% lower pass-through.
Ammonium Sulfate sales $114M (28% of total), down 26% vs prior year; Nylon down 16%.
Board declares $0.145/share quarterly dividend, payable May 30 to May 16 record date.
Announces SUSTAIN project to expand granular ammonium sulfate production by 200K tons/year (~20%).

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AdvanSix Inc. reported first quarter ending March 31, 2023 results: revenue $401 million, net income $35.0 million, EPS $1.22.

Period: first quarter ending March 31, 2023
Revenue: $401 million
Net income: $35.0 million
EPS: $1.22
Result: reported results

Exact text from the filing

A copy of the press release is furnished herewith as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- News Release ADVANSIX ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS Sales of $401 million, down 16% versus prior year Earnings Per Share of $1.22; Adjusted Earnings Per Share of $1.30 Returned $18 million of cash to shareholders through repurchases and dividends

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Source: SEC EDGAR

accession 0001673985-23-000068

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