AdvanSix Q3 net loss $8.0M; sales down 33% to $323M; dividend $0.16

AdvanSix Inc.

2023-Q3 EPS reported $2.12 revenue$1,151,391,000

Net loss of $8.0M ($0.29 EPS loss); adjusted EPS loss of $0.36 vs $0.43 profit last year.
Sales $322.9M down ~33% YoY on 24% unfavorable market-based pricing and 8% lower raw material pass-through.
Adjusted EBITDA $7.3M, down $26.0M YoY; nylon market conditions at trough levels.
Board declared $0.16 dividend (unchanged from prior Q), payable Nov 28 to holders of record Nov 14.
Repurchased 266,959 shares for $9.3M in Q3; capital expenditures tracking ~$115M for full year.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AdvanSix Inc. reported third quarter ending September 30, 2023 results: revenue $322,907, net income ($7,977), EPS ($0.29).

Period: third quarter ending September 30, 2023
Revenue: $322,907
Net income: ($7,977)
EPS: ($0.29)
Result: reported results

Exact text from the filing

and 1 an increased dividend.” Summary third quarter 2023 financial results for the Company are included below: ( $ in Thousands, Except Earnings Per Share) 3Q 2023 3Q 2022 Sales $322,907 $478,769 Net Income (Loss) (7,977) 10,032 Diluted Earnings Per Share ($0.29) $0.35 Adjusted Diluted Earnings Per Share (1) ($0.36) $0.43 Adjusted EBITDA (1) 7,321 33,313 Adjusted

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AdvanSix Inc. filing history →

Source: SEC EDGAR

accession 0001673985-23-000138

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