AdvanSix reports operational disruption at Frankford plant; expects $18-23M Q1 pre-tax impact

AdvanSix Inc.

Process disruption at Frankford, PA site; phenol/acetone production reduced; also impacts Hopewell and Chesterfield, VA facilities.
No health, safety, or environmental issues; full return to planned rates expected by end of January.
Pulled forward planned maintenance at Hopewell facility originally scheduled later in Q1.
Expects $18-23M unfavorable pre-tax income impact in Q1 2024 from fixed cost absorption, lost sales, and replacement product costs.
No material impact on Q4 2023 results; conference call on Feb 16 at 9am ET to discuss Q4 and FY2023 results.

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