Last10K.com

Advansix Inc. (ASIX) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Advansix Inc.

CIK: 1673985 Ticker: ASIX


Exhibit 99.1
x1_c88371a001.jpg
AdvanSix.com                                    
News Release



ADVANSIX ANNOUNCES THIRD QUARTER 2017 FINANCIAL RESULTS

Sales of $367 million, up 13% versus prior year

Cash Flow from Operations of $38 million, up $13 million versus prior year

Earnings Per Share of $0.68, up 26% versus prior year

Parsippany, N.J., November 7, 2017
- AdvanSix (NYSE: ASIX) today announced its financial results for the third quarter ending September 30, 2017. The Company generated strong results across a number of metrics including sales volume, income and operating cash flow.

Third Quarter 2017 Highlights
Sales up 13% versus prior year, including 5% volume increase, 4% favorable impact of market-based pricing, and 4% higher raw material pass-through pricing
Net Income of $21.3 million, an increase of $4.8 million or 29% versus the prior year
EBITDA of $50.3 million, an increase of $12.2 million or 32% versus the prior year
EBITDA Margin of 13.7%, up 190 bps versus the prior year
Results include $4.4 million unfavorable pre-tax income impact from LIFO reserve adjustment
Capital Expenditures of $19.4 million, an increase of $1.9 million versus the prior year
Free Cash Flow of $18.3 million, an increase of $11.2 million versus the prior year

“AdvanSix delivered another strong quarter of sales volume, margin expansion and earnings growth. Continued high plant utilization rates and a favorable supply and demand environment supported a 5% sales volume increase and EBITDA margin expansion of 190 basis points in the quarter. We remain focused on safe and stable operations while driving higher-value product mix and improved cash generation. It has been an outstanding year since our spin-off and we continue to build momentum across the organization,” said Erin Kane, president and CEO of AdvanSix.

1

The following information was filed by Advansix Inc. (ASIX) on Tuesday, November 7, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Advansix Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Advansix Inc..

Continue

Assess how Advansix Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Advansix Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated And Combined Balance Sheets
Condensed Consolidated And Combined Balance Sheets (parentheticals)
Condensed Consolidated And Combined Statements Of Cash Flows
Condensed Consolidated And Combined Statements Of Comprehensive Income
Condensed Consolidated And Combined Statements Of Operations
Accounts And Other Receivables Net
Accounts And Other Receivables Net (tables)
Accounts And Other Receivables Net - Schedule Of Accounts And Other Receivables (details)
Commitments And Contingencies
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Narrative (details)
Earnings Per Share - Schedule Of Earnings Per Share (details)
Income Taxes
Income Taxes (details)
Inventories
Inventories (tables)
Inventories - Narrative (details)
Inventories - Schedule Of Inventory (details)
Organization, Operations And Basis Of Presentation
Organization, Operations And Basis Of Presentation (tables)
Organization, Operations And Basis Of Presentation - Narrative (details)
Organization, Operations And Basis Of Presentation - Schedule Of Intermediate Material Sales Percentages (details)
Postretirement Benefit Obligations
Postretirement Benefit Obligations (tables)
Postretirement Benefit Obligations - Narrative (details)
Postretirement Benefit Obligations - Net Periodic Benefit Cost (details)
Postretirement Benefit Obligations - Target Pension Plan Asset Allocation (details)
Recent Accounting Pronouncements
Recent Accounting Pronouncements (policies)
Related Party Transactions With Honeywell
Related Party Transactions With Honeywell (details)

Material Contracts, Statements, Certifications & more

Advansix Inc. provided additional information to their SEC Filing as exhibits

Ticker: ASIX
CIK: 1673985
Form Type: 10-Q Quarterly Report
Accession Number: 0001673985-17-000056
Submitted to the SEC: Tue Nov 07 2017 4:18:24 PM EST
Accepted by the SEC: Tue Nov 07 2017
Period: Saturday, September 30, 2017
Industry: Plastic Materials Synth Resins And Nonvulcan Elastomers

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/asix/0001673985-17-000056.htm