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AdvanSix Inc. (ASIX) is a leading, fully-integrated manufacturer of Nylon 6, a versatile polymer resin, and a variety of chemical intermediates that serve a global customer base. Headquartered in New Jersey, AdvanSix operates some of the largest and most efficient plants in Chesterfield, VA; Hopewell, VA; Philadelphia, PA; and Pottsville, PA. These facilities are instrumental in producing resins, films, fertilizers, and chemical intermediates that are integral to everyday products and industries.
The company’s core product, Nylon 6, is a synthetic material extensively used in the production of engineered plastics, fibers, filaments, and films. These in turn are essential components in automotive and electronic parts, carpets, sports apparel, fishing nets, and various types of packaging. Beyond Nylon 6, AdvanSix also produces caprolactam, ammonium sulfate fertilizers, and other chemical intermediates, ensuring a diversified product offering.
AdvanSix prides itself on its rapid response to customer needs, supported by a team of chemical engineers, agronomists, logistics experts, and dedicated support staff. The company's end markets include carpet and textile manufacturing, engineering plastics, industrial filament, and high-value crops, indicating a broad and impactful reach.
Recent achievements highlight AdvanSix’s commitment to innovation and efficiency. Their research and development efforts span North America, Asia, and India, focusing on advancing process technologies and new product development. These initiatives aim to lead the Nylon industry into the future, ensuring the company remains at the cutting edge of material science.
Financially, AdvanSix has shown solid performance, with the majority of its revenue derived from the United States while also expanding its international footprint. Strategic partnerships and ongoing projects aim to bolster its market position and drive growth.
For the latest updates and relevant information on AdvanSix’s performance, events, and developments, stay tuned to our comprehensive news section.
AdvanSix (ASIX) reported strong Q3 2021 results, with sales of $446 million, a 58% increase year-over-year. Key factors include a 28% favorable impact from market pricing and a 22% increase from raw material pass-through. Net income reached $43.9 million, up from a loss of $0.7 million last year, resulting in an earnings per share (EPS) of $1.51. Cash flow from operations was $76 million, an increase of $41 million. The company also announced a $0.125 quarterly dividend and secured a new $500 million credit facility to enhance liquidity.
AdvanSix (NYSE: ASIX) plans to release its third-quarter 2021 financial results on October 29, before the New York Stock Exchange opens. The company will host a conference call for investors at 9:00 a.m. ET on the same day. Participants can access the call by dialing the respective numbers for domestic and international callers. A replay of the call will be available starting at noon ET on October 29 through November 5. Investors can also view related materials and listen to a webcast on AdvanSix's investor website.
AdvanSix (NYSE: ASIX) has initiated a quarterly cash dividend of $0.125 per share, signaling confidence in its financial strength. The announcement coincides with the company's five-year anniversary as an independent public entity, highlighting significant shareholder value creation. The company expects 3Q 2021 EBITDA between $65 million and $70 million and diluted EPS of $1.23 to $1.36 per share. CEO Erin Kane emphasized the commitment to sustainable shareholder returns, driven by improved earnings and a diverse product portfolio.
AdvanSix (NYSE: ASIX) has introduced 100% post-industrial recycled (PIR) grades to its Aegis® PA6 Resins and Capran® BOPA films. This product line aims to help customers meet sustainability goals without sacrificing performance. The PIR grades are food-contact compliant and processed similarly to standard grades, requiring no requalification for customers. Certified by SCS Global Services, these products enhance environmentally friendly manufacturing practices. AdvanSix's commitment to sustainability is evident through its recent Platinum rating from EcoVadis for corporate social responsibility.
AdvanSix (NYSE: ASIX) announced the appointment of
AdvanSix (NYSE: ASIX) announced two key upcoming investor events. On September 14, 2021, CEO Erin Kane will present at the CL King & Associates Best Ideas Conference from 2:00 - 2:35 p.m. ET. Additionally, an Investor Day will be held on September 28, 2021, at 9:00 a.m. ET, hosted by Kane and CFO Michael Preston in Richmond, Va., focusing on strategies for sustainable shareholder returns. Webcasts for both events will be available on their investor site, with replays accessible for 90 days.
AdvanSix (ASIX) reported record financial results for Q2 2021, with sales reaching $437.7 million, an 88% increase year-over-year. This growth was driven by a 32% rise in sales volume, alongside favorable raw material pass-through pricing of 31% and a 25% increase in market-based pricing. Net income surged to $44.1 million, up from $11.4 million, with EBITDA hitting $76.0 million, also a significant increase. The company expects continued strong demand across its markets and plans capital expenditures between $65 million and $70 million for 2021, reflecting efficient project execution.
AdvanSix (NYSE: ASIX) is set to release its second quarter 2021 financial results on Friday, July 30, before the New York Stock Exchange opens. A conference call for investors will follow at 9:00 a.m. ET, with details for participation provided in the PR. The company emphasizes its role in vital supply chains and is committed to delivering quality products across various markets, including construction, fertilizers, and electronics. Additional materials and a replay of the call will be available on their investor website.
AdvanSix (NYSE: ASIX) announced that Michael Preston, SVP and CFO, will present at the Stifel Virtual Cross Sector Insight Conference on June 8, 2021, from 2:40 – 3:10 p.m. ET. A real-time webcast of this presentation is available at http://investors.advansix.com and will be accessible for 90 days post-event. AdvanSix plays a vital role in global supply chains, providing essential products across various sectors, including construction, fertilizers, and electronics, driven by a commitment to safety, integrity, and sustainability.
AdvanSix (NYSE: ASIX) has achieved a Platinum Rating for corporate social responsibility from EcoVadis, ranking in the top one percent of assessed companies. This award follows a Gold Rating received in 2020. CEO Erin Kane emphasized this recognition underscores the company's commitment to sustainability and responsible practices. The 2021 Sustainability Report shares insights on environmental performance, ethics, and community engagement, adhering to global standards. EcoVadis evaluates sustainability in areas including Environment and Labor Rights, covering 150 countries.
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