Advansix Stock Price, News & Analysis

AdvanSix (NYSE: ASIX) has been awarded a $12 million grant from the USDA through the Fertilizer Production Expansion Program (FPEP). The grant will support AdvanSix's SUSTAIN initiative at its Hopewell, VA site, aiming to increase granular ammonium sulfate production by approximately 200,000 tons per year. This expansion will strengthen domestic fertilizer supply chains and create economic opportunities for American businesses.

The SUSTAIN project targets no net increase in energy consumption or emissions while expanding production. AdvanSix's ammonium sulfate directly supports over 800 high-paying jobs in central Virginia. The FPEP grant funding will be allocated as AdvanSix reaches specific milestones, supplementing the company's own investment in funds and resources.

AdvanSix (NYSE: ASIX), a diversified chemistry company, has appointed Sidd Manjeshwar as Senior Vice President and Chief Financial Officer, effective October 1st. Manjeshwar, with over 25 years of experience in investment banking and corporate leadership, will oversee global financial operations and report directly to CEO Erin Kane. He joins from Air Products and Chemicals, Inc., where he served as VP of Corporate Treasury and Investor Relations.

The appointment comes as part of a planned succession, with current CFO Michael Preston transitioning to an advisory role until his retirement at the end of 2024. This change marks a significant step in AdvanSix's transformation and growth strategy, with the company aiming to accelerate profitable growth and deliver long-term shareholder value.

AdvanSix (NYSE: ASIX), a diversified chemistry company, has announced its participation in the CL King & Associates Best Ideas Conference. Erin Kane, the company's President and CEO, will deliver a presentation on Monday, September 16, 2024, from 10:15 to 10:50 a.m. ET.

Investors and interested parties can access a real-time webcast of the presentation through the AdvanSix investor website at http://investors.advansix.com. For those unable to attend the live event, a replay of the webcast will be available on the same website for 90 days following the presentation.

This conference provides AdvanSix with an opportunity to showcase its latest developments and strategies to potential investors and industry analysts.

AdvanSix (NYSE: ASIX), a diversified chemistry company, has appointed Donald P. Newman to its Board of Directors. Newman, currently Executive VP, Finance and CFO of ATI Inc., brings extensive financial expertise and public company leadership experience. He will serve on the Audit Committee and the Health, Safety and Environmental Committee. This appointment expands AdvanSix's Board to nine members, with eight being independent.

The move reflects AdvanSix's commitment to advancing corporate governance and board effectiveness. Newman's addition is expected to contribute to the company's strategic priorities and long-term growth as a diversified chemistry company. His experience in delivering significant returns and creating shareholder value across multiple industries is seen as valuable for AdvanSix's future development.

AdvanSix (NYSE: ASIX) reported strong second quarter 2024 financial results, with sales up 6% to $453 million compared to the prior year. The company saw a 5% increase in volume and 1% favorable net pricing. Net Income rose to $38.9 million, while Adjusted EBITDA increased by $12.4 million to $78.1 million. Earnings Per Share reached $1.43, with Adjusted EPS at $1.55. Cash Flow from Operations improved by 43% to $50.2 million. The company's performance was driven by higher domestic nylon sales, robust ammonium sulfate demand, and strong acetone pricing. AdvanSix continues to invest in long-term sustainable growth, including its SUSTAIN program.

AdvanSix (NYSE: ASIX) will release its second quarter 2024 financial results before the New York Stock Exchange opens on Friday, August 2. Following the announcement, a conference call with investors is scheduled for 9:00 a.m. ET the same day. Participants in the call can dial (844) 855-9494 domestically or (412) 858-4602 internationally, mentioning it is for AdvanSix's Q2 2024 earnings call. The call replay will be available from 12 noon ET on August 2 until 12 noon ET on August 8. Replay access can be obtained by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international), using access code 4182243. The earnings presentation webcast and related materials will be accessible at the AdvanSix investor website.

AdvanSix, a diversified chemistry company, reported its first quarter 2024 financial results with sales of $337 million, down 16% from the prior year. Earnings per share were ($0.65), adjusted to ($0.56). The results were affected by operational disruptions, resulting in a net loss of $17.4 million. Despite challenges, the company emphasizes commitment to sustainability with certifications and high ratings. Forward-looking statements include expectations of improved pricing and global demand for key products.