AdvanSix reports Q1 adjusted EPS (56c), consensus (54c)

Reports Q1 revenue $337M, consensus $344.63M. “I would like to once again thank our customers, partners and teammates for their collaboration throughout Q1 to mitigate value chain impact as we navigated the operational disruption at our Frankford manufacturing site. The total unfavorable impact to pre-tax income in the first quarter was approximately $27M comprised of the impact of lost sales and other additional costs, including purchases of replacement product and incremental plant spend,” said CEO Erin Kane. “We are currently operating at targeted utilization rates across our integrated value chain and are well positioned to serve our key customers, particularly in Plant Nutrients as the domestic planting season progresses and in our acetone portfolio amid a tight global supply and demand environment. Our recent certification to the International Sustainability and Carbon Certification PLUS standard for three of our manufacturing sites helps our customers transform and meet their own sustainability goals, while our third consecutive Platinum rating by EcoVadis and strong ratings by CDP for water security and climate change underscore our commitment to corporate social responsibility and sustainability performance.”