AdvanSix expects FY25 capex $140M-$160M

Outlook: Strong sulfur nutrition demand and tight North American ammonium sulfate supply expected to support sulfur premiums at or near high end of historical range; Anticipated higher raw material prices impacting fertilizer margins. Balanced global acetone supply and demand conditions expected to support industry spreads above cycle averages. Expect slower recovery off the trough for North American nylon industry conditions amid stable end market demand and increased domestic competitive pressure. Expect Capital Expenditures of $140M to $160M in 2025, reflecting the planned progression of growth projects including our SUSTAIN program, and refined execution timing to address critical enterprise risk mitigation. Expect pre-tax income impact of plant turnarounds to be $25M to $30M in 2025 versus approximately $58M in 2024. Final omnibus settlement of approximately $26M in 1Q25 related to PES supplier shutdown; Total of approximately $39M aggregated insurance proceeds since 2019 event. “While the year has been off to a slower start, particularly with approximately 25% of our portfolio exposed to domestic building and construction which remains subdued, we anticipate meaningful year-over-year earnings improvement in 2025. This is underpinned by operational and commercial excellence, with an expected approximately 10% sales volume increase for the year. We remain focused on improving through-cycle profitability, which requires us to drive productivity, optimize our regional and product sales mix and continue to promote the value proposition of our differentiated product portfolio. The broader macro backdrop for the industries we serve remains largely favorable overall with strong sulfur premiums supporting Plant Nutrients and a constructive global acetone supply and demand environment, which should serve as a counterbalance to an anticipated slower recovery across our Nylon Solutions business. We continue to protect our healthy balance sheet enabling our capital allocation framework to provide optionality for further value creation. We remain confident in the future prospects for AdvanSix (ASIX) and are committed to delivering sustainable long-term value to our shareholders,” concluded CEO Erin Kane.