Advansix Inc. (ASIX) 10-Q Quarterly Report May 2018

- AdvanSix (NYSE: ASIX) today announced its financial results for the first quarter ending March 31, 2018. The Company successfully managed through the previously disclosed weather-related production issue at its Hopewell, Va. facility ("1Q18 weather-related event") and generated improved cash flow.

First Quarter 2018 Highlights


•	Sales down 5% versus prior year, including 8% volume decline as a result of the 1Q18 weather-related event, 2% favorable impact of market-based pricing, and 1% higher raw material pass-through pricing


•	1Q18 weather-related event resulted in an approximately $30 million unfavorable impact to pre-tax income, as previously disclosed, including the unfavorable impact of fixed cost absorption, maintenance expense and incremental raw material costs, in addition to lost sales


•	Net Income of $11.6 million, a decrease of $15.7 million versus the prior year


•	EBITDA of $30.8 million, a decrease of $26.3 million versus the prior year


•	Cash Flow from Operations of $44.1 million, an increase of $12.9 million versus the prior year


•	Free Cash Flow of $13.4 million, an increase of $15.4 million versus the prior year

“This quarter's results again demonstrate our ability to navigate a dynamic environment and highlight the resiliency of our organization. We successfully managed weather-related temporary production challenges, maintained our focus on safe operations and generated higher free cash flow. We also captured the benefit of improved market-based pricing this quarter, supported by a continued favorable supply and demand environment for our product lines overall,” said Erin Kane, president and CEO of AdvanSix.

The following information was filed by Advansix Inc. (ASIX) on Friday, May 4, 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-Q Quarterly 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-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: ASIX
CIK: 1673985
Form Type: 10-Q Quarterly Report
Accession Number: 0001673985-18-000055
Submitted to the SEC: Fri May 04 2018 4:12:54 PM EST
Accepted by the SEC: Fri May 04 2018
Period: Saturday, March 31, 2018
Industry: Plastic Materials Synth Resins And Nonvulcan Elastomers