ASIX News & Events

Reports Q1 revenue $404.18M vs. $377.79M. "The AdvanSix team delivered a solid first quarter performance consistent with our expectations while navigating a number of headwinds, including the early quarter winter storm-related impacts and new geopolitical challenges amid continued subdued industrial end market demand," said Erin Kane, president and CEO of AdvanSix. "We generated 7% sales growth year-over-year, supported by improvements in Chemical Intermediates volume and Plant Nutrients market pricing, partially offsetting the margin impacts driven by increased sulfur and natural gas costs. We remain well positioned to serve our customers across our diversified portfolio including fertilizer as the domestic planting season progresses, in chemical intermediates amid a tightening acetone global supply and demand environment, and across a modestly recovering nylon industry supporting expected meaningful sequential performance improvement into the second quarter."

AdvanSix announced it has entered into a process design and licensing agreement to assess expansion of its integrated ammonia platform at its Hopewell, Virginia site to enable the domestic manufacturing of Diesel Exhaust Fluid, an emissions-control product used across on-and-off highway diesel applications. DEF is an additive for reducing NOx emissions from diesel engines.

AdvanSix (ASIX) announced the appointment of Patrick Day as its Senior Vice President and CFO, effective April 27. Pat will report directly to Erin Kane, President and CEO of AdvanSix, and will be a member of the company's executive leadership team. Day's extensive experience includes enabling enterprise strategic growth, financial operational discipline and value creation in publicly traded, global industrial and chemical companies. He most recently served as Vice President of Financial Planning and Analysis and Investor Relations at FMC Corporation (FMC).