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

- AdvanSix (NYSE: ASIX) today announced its financial results for the second quarter ending June 30, 2018. The Company generated strong results across a number of metrics including sales volume, income and operating cash flow.

Second Quarter 2018 Highlights


•	Sales up 11% versus prior year, including 4% volume increase and 7% higher raw material pass-through pricing


•	Net Income of $28.4 million, an increase of $2.6 million versus the prior year


•	EBITDA of $53.0 million, a decrease of $1.7 million versus the prior year


•	Cash Flow from Operations of $33.2 million, an increase of $3.6 million versus the prior year


•	Free Cash Flow of $10.4 million, a decrease of $4.6 million versus the prior year


•	Initiated share repurchases under current $75 million authorization

“AdvanSix delivered another strong quarter capping off a dynamic first half of 2018. The performance this quarter, including a 4% sales volume increase, continued to be supported by high plant utilization rates and a favorable supply and demand environment. Our results demonstrate the strength of our business model and our ability to perform in a rising input and energy environment. In addition, we initiated share repurchases in June reflecting our maturing capital allocation strategy and confidence in continued cash flow generation,” said Erin Kane, president and CEO of AdvanSix.

Summary second quarter 2018 financial results for the Company are included below:

Second Quarter 2018 Results

The following information was filed by Advansix Inc. (ASIX) on Friday, August 3, 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 10.1: Material Contract

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: 0001673985-18-000098
Submitted to the SEC: Fri Aug 03 2018 4:16:19 PM EST
Accepted by the SEC: Fri Aug 03 2018
Period: Saturday, June 30, 2018
Industry: Plastic Materials Synth Resins And Nonvulcan Elastomers