AdvanSix Q1 net loss $17.4M; sales down 16%; operational disruption impact $27M

AdvanSix Inc.

2024-Q1 EPS reported -$0.65 revenue$336,829,000

Q1 sales $336.8M (-16% YoY); net loss ($17.4M) vs $35.0M income in Q1 2023; adjusted EPS ($0.56) vs $1.30.
Operational disruption at Frankford site caused ~$27M pre-tax income hit from lost sales and added costs; now resolved.
Cash flow from operations ($36.2M); free cash flow ($71.6M) with capex $35.4M.
Dividend $0.16/share declared, payable May 28, 2024 to holders of record May 14, 2024.
FY 2024 capex guidance reaffirmed at $140-150M; expects Q2 ammonium sulfate pricing improvement.

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 0.9

AdvanSix Inc. reported the quarter ended March 31, 2024 results: revenue $337 million, net income Net Loss of ($17.4) million, EPS Earnings Per Share of ($0.65).

Period: the quarter ended March 31, 2024
Revenue: $337 million
Net income: Net Loss of ($17.4) million
EPS: Earnings Per Share of ($0.65)
Result: reported results

Exact text from the filing

copy of the press release is furnished herewith as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- News Release ADVANSIX ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS 1Q24 Sales of $337 million, down 16% versus prior year 1Q24 Earnings Per Share of ($0.65); Adjusted Earnings Per Share of ($0.56) 1Q24 results include approximately $27 million unfavorable pre-tax income

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Source: SEC EDGAR

accession 0001673985-24-000064

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