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Advansix Inc. (ASIX) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Advansix Inc.

CIK: 1673985 Ticker: ASIX


Exhibit 99.1
advansixlogocolorrgba01.jpg
AdvanSix.com                                    
News Release



ADVANSIX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS

4Q17 Sales of $370 million, up 43% versus prior year

4Q17 Cash Flow from Operations of $36 million, down $11 million versus prior year

4Q17 Earnings Per Share of $2.31, includes $1.71 one-time net tax benefit

Parsippany, N.J., February 23, 2018
- AdvanSix (NYSE: ASIX) today announced its financial results for the fourth quarter and full year ending December 31, 2017. The Company generated strong results across a number of measures in the quarter and for the year, including sales volume, income and operating cash flow.

Full Year 2017 Highlights
Sales up 24% versus prior year, including 9% volume increase, 3% favorable impact of market-based pricing, and 12% higher raw material pass-through pricing
Net Income of $146.7 million, an increase of $112.6 million versus the prior year; 2017 results include an approximately $53 million one-time net tax benefit primarily related to re-measurement of net deferred tax liability at a lower corporate tax rate
EBITDA of $200.8 million, an increase of $104.9 million or 109% versus the prior year
EBITDA Margin of 13.6%, up 550 bps versus the prior year
Cash Flow from Operations of $134.6 million, an increase of $20.9 million versus the prior year
Free Cash Flow of $48.2 million, an increase of $18.4 million versus the prior year

Summary full year 2017 financial results for the Company are below:
Full Year 2017 Results
($ in Thousands, Except Earnings Per Share)
FY 2017
 
FY 2016
Sales
$1,475,194
 
$1,191,524
Net Income
146,699
 
34,147
Earnings Per Share (Diluted)
$4.72
 
$1.12
EBITDA (1)
200,803
 
95,951
EBITDA Margin % (1)
13.6%
 
8.1%
Cash Flow from Operations
134,607
 
113,740
Free Cash Flow (1)(2)
48,169
 
29,731

1

The following information was filed by Advansix Inc. (ASIX) on Friday, February 23, 2018 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders??? Equity
Accounts And Other Receivables - Net
Accounts And Other Receivables - Net (tables)
Accounts And Other Receivables - Net - Schedule Of Accounts And Other Receivables (details)
Accounts And Other Receivables - Net - Schedule Of Allowance For Doubtful Accounts (details)
Changes In Accumulated Other Comprehensive Income (loss)
Changes In Accumulated Other Comprehensive Income (loss) (details)
Changes In Accumulated Other Comprehensive Income (loss) (tables)
Commitments And Contingencies
Commitments And Contingencies (details) - Schedule Of Recorded Unconditional Purchase Obligations
Commitments And Contingencies (tables)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Narrative (details)
Earnings Per Share - Schedule Of Earnings Per Share - Basic (details)
Earnings Per Share - Schedule Of Earnings Per Share - Diluted (details)
Financial Instruments And Fair Value Measures
Financial Instruments And Fair Value Measures - Narrative (details)
Geographic Areas And Major Customers - Financial Data
Geographic Areas And Major Customers - Financial Data (tables)
Geographic Areas And Major Customers - Financial Data - Narrative (details)
Geographic Areas And Major Customers - Financial Data - Schedule Of Financial Data By Geographical Areas (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Narrative (details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (details)
Income Taxes - Schedule Of Income Before Taxes (details)
Income Taxes - Schedule Of Income Tax Rate Reconciliation (details)
Income Taxes - Schedule Of Income Taxes (details)
Inventories
Inventories (tables)
Inventories - Schedule Of Inventory (details)
Inventories Inventories - Narrative (details)
Lease Commitments
Lease Commitments (tables)
Lease Commitments - Narrative (details)
Lease Commitments - Schedule Of Future Minimum Lease Payments (details)
Long-term Debt And Credit Arrangements
Long-term Debt And Credit Arrangements (tables)
Long-term Debt And Credit Arrangements - Narrative (details)
Long-term Debt And Credit Arrangements - Schedule Of Long-term Debt (details)
Long-term Debt And Credit Arrangements - Schedule Of Maturities Of Long-term Debt (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 - Assumptions Used In Calculations (details)
Postretirement Benefit Obligations - Defined Benefit Plans Disclosure (details)
Postretirement Benefit Obligations - Estimated Future Benefit Payments (details)
Postretirement Benefit Obligations - Fair Value Measurement Of Plan Assets (details)
Postretirement Benefit Obligations - Narrative (details)
Postretirement Benefit Obligations - Net Periodic Benefit Cost (details)
Postretirement Benefit Obligations - Other Changes In Plan Assets Recognized In Other Comprehensive Income (details)
Postretirement Benefit Obligations - Pension Plan Contributions (details)
Postretirement Benefit Obligations - Schedule Of Target Asset Allocation Of Pension Plan Assets (details)
Property, Plant, Equipment - Net
Property, Plant, Equipment - Net (tables)
Property, Plant, Equipment - Net - Narrative (details)
Property, Plant, Equipment - Net - Schedule Of Property, Plant, And Equipment (details)
Related Party Transactions With Honeywell
Related Party Transactions With Honeywell (tables)
Related Party Transactions With Honeywell - Narrative (details)
Related Party Transactions With Honeywell - Schedule Of Components Of Net Transfers To And From Honeywell (details)
Stock-based Compensation Plans
Stock-based Compensation Plans (tables)
Stock-based Compensation Plans - Narrative (details)
Stock-based Compensation Plans - Schedule Of Income Statement Impact From Rsus (details)
Stock-based Compensation Plans - Schedule Of Nonvested Psus (details)
Stock-based Compensation Plans - Schedule Of Rsu Activity Related To Equity Plan (details)
Stock-based Compensation Plans - Summary Of Stock Option Activity (details)
Stock-based Compensation Plans Stock-based Compensation Plans - Schedule Of Key Black-scholes Assumptions (details)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Unaudited Selected Quarterly Financial Data
Unaudited Selected Quarterly Financial Data (details)
Unaudited Selected Quarterly Financial Data (tables)
Unaudited Selected Quarterly Financial Data - Schedule Of Unaudited Quarterly Financial Information (details)
Ticker: ASIX
CIK: 1673985
Form Type: 10-K Annual Report
Accession Number: 0001673985-18-000014
Submitted to the SEC: Tue Feb 27 2018 5:06:51 PM EST
Accepted by the SEC: Tue Feb 27 2018
Period: Sunday, December 31, 2017
Industry: Plastic Materials Synth Resins And Nonvulcan Elastomers

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