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AdvanSix Inc. (ASIX)
NYSE:ASIX
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.38Last Year’s EPS
-$0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 0.78%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance, growth in Ammonium Sulfate sales, and positive developments in sustainability initiatives. However, operational challenges due to an extended outage and increased capital expenditures impacted results. Despite these challenges, the company maintains a positive outlook with strong cash flow and favorable market conditions for key products.Company Guidance
During AdvanSix's Third Quarter 2024 earnings call, the company provided several key metrics and guidance for the upcoming period. The sales for the third quarter were reported at $398 million, marking a 23% increase from the previous year, driven by an 11% rise in sales volume primarily from Ammonium Sulfate, and an 8% favorable raw material pass-through pricing. The adjusted EBITDA came in at $53 million with a margin of 13.4%, and the adjusted earnings per share rose to $0.88. Additionally, free cash flow saw a significant improvement to $27 million for the quarter. The company announced a CapEx range of $135 million to $140 million for 2024, adjusting from previous guidance of $140 million to $150 million, and indicated an expected rise in capital investments in 2025. AdvanSix remains optimistic about its diverse portfolio and favorable industry conditions, despite a $17 million unfavorable impact from an extended turnaround at the Hopewell facility.Strong Financial Performance
Sales of $398 million increased approximately 23% year-over-year, with contributions from both volume and price. Adjusted EBITDA was $53 million with a margin of 13.4%.
Ammonium Sulfate Growth
Ammonium Sulfate sales volume increased by 11%, and pricing was up 16% year-over-year, supported by strong sulfur premiums.
Sustainability Initiatives
Awarded a $12 million grant from the USDA for the Sustainable U.S. Sulfate to Accelerate Increased Nutrition program, which will increase production capacity.
Cash Flow Improvement
Free cash flow was $27 million, up $31 million year-over-year, with cash from operations increasing by $37 million.
Positive Outlook for Chemical Intermediates
Acetone margins remain strong due to balanced supply-demand conditions and lower global phenol operating rates.
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ASIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $28.22 | $28.80 | +2.06% |
| Aug 02, 2024 | $26.45 | $26.96 | +1.93% |
| May 03, 2024 | $25.31 | $21.75 | -14.07% |
| Feb 16, 2024 | $26.78 | $28.32 | +5.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AdvanSix Inc. (ASIX) report earnings?
AdvanSix Inc. (ASIX) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is AdvanSix Inc. (ASIX) earnings time?
AdvanSix Inc. (ASIX) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASIX EPS forecast?
ASIX EPS forecast for the fiscal quarter 2024 (Q4) is -$0.38.
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