AdvanSix Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 03, 2024 at 06:30 am EDT
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AdvanSix Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 336.83 million compared to USD 400.54 million a year ago. Net loss was USD 17.4 million compared to net income of USD 34.95 million a year ago.
Basic loss per share from continuing operations was USD 0.65 compared to basic earnings per share from continuing operations of USD 1.27 a year ago. Diluted loss per share from continuing operations was USD 0.65 compared to diluted earnings per share from continuing operations of USD 1.22 a year ago.
AdvanSix Inc. is a diversified chemistry company. It produces essential materials for its customers in a variety of end markets and applications, including building and construction, fertilizers, agrochemicals, plastics, solvents, packaging, paints, coatings, adhesives, and electronics. Its product lines include Nylon, Caprolactam, Ammonium Sulfate, and Chemical Intermediate. It sells its Nylon 6 resin globally, primarily under the Aegis brand name. Nylon 6 is a polymer resin, which is a synthetic material used by its customers to produce fibers, filaments, engineered plastics and films. Caprolactam is the monomer used in the production of Nylon 6 resin. Its ammonium sulfate is used by customers as a fertilizer containing nitrogen and sulfur, two key plant nutrients. It manufactures, markets, and sells a number of other chemical intermediate products, such as phenol, alpha-methyl styren, cyclohexanone, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia and carbon dioxide.
ADVANSIX INC. 
