secwatch.observer — SEC 8-K summary
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Issuer:     AdvanSix Inc. (ASIX)
CIK:        0001673985
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001673985-24-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673985/000167398524000064/0001673985-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673985/000167398524000064/asix-20240503.htm
  HTML page:      https://secwatch.observer/filing/0001673985-24-000064

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