earnings
confidence high
sentiment neutral
materiality 0.75
AdvanSix reports Q3 sales up 23%, net income $22.3M; guides $17M Q4 headwind from plant turnaround
AdvanSix Inc.
2024-Q3 EPS reported
$1.61
revenue$1,188,495,000
- Q3 sales $398M, +23% YoY; net income $22.3M vs -$8.0M loss; diluted EPS $0.82 vs -$0.29.
- Adjusted EBITDA $53.2M (adj EPS $0.88) vs $7.3M; cash from ops $57.3M, +$36.4M YoY.
- Dividend of $0.16/sh declared, payable Nov 26 to holders of record Nov 12.
- Awarded $12M USDA grant for ammonium sulfate expansion (SUSTAIN program).
- Expects ~$17M unfavorable pre-tax impact in Q4 from delayed plant restart; capex guidance reduced to $135-140M.