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Advansix Inc. (ASIX) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Advansix Inc.

CIK: 1673985 Ticker: ASIX

Exhibit 99.1
image1.jpg
AdvanSix.com         
News Release



ADVANSIX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL RESULTS

4Q18 Sales of $387 million, up 4% versus prior year

4Q18 Cash Flow from Operations of $46 million, up 26% versus prior year

4Q18 Earnings Per Share of $0.68

Board of Directors authorizes additional $75 million share repurchase program

Parsippany, N.J., February 22, 2019 - AdvanSix (NYSE: ASIX) today announced its financial results for the fourth quarter and full year ending December 31, 2018. The Company generated strong results across a number of measures in the quarter, including sales volume, income and operating cash flow.

Fourth Quarter 2018 Highlights
Sales up 4% versus prior year, including 5% higher volume, 3% favorable impact of market-based pricing, and 4% lower raw material pass-through pricing
Net Income of $20.8 million, a decrease of $51.6 million versus the prior year; 4Q17 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 $42.8 million, an increase of $4.0 million versus the prior year; 4Q18 results include a $6 million charge to bad debt expense and a $2.9 million benefit from business interruption insurance advances related to the 1Q18 weather event claim
Cash Flow from Operations of $45.7 million, an increase of $9.5 million versus the prior year
Free Cash Flow of $9.1 million, a decrease of $7.8 million versus the prior year
Repurchased 646,467 shares for approximately $18 million in 4Q18; Repurchased 1,191,749 shares for approximately $38 million in FY18 




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The following information was filed by Advansix Inc. (ASIX) on Friday, February 22, 2019 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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Advansix Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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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 (Parenthetical)
Consolidated Statements Of Stockholders??? Equity
(Details)
(Tables)
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)
Derivative And Hedging Instruments
Derivative And Hedging Instruments (Tables)
Derivative And Hedging Instruments - Adjustments Related To Cash Flow Hedges On The Comprehensive Income Statement (Details)
Derivative And Hedging Instruments - Balance Sheet Classification (Details)
Derivative And Hedging Instruments - Narrative (Details)
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)
Fair Value Measurements
Fair Value Measurements (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)
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)
Revenue
Revenue - Narrative (Details)
Revenues - Deferred Income And Customer Advances (Details)
Revenues - Percentage Of Total Sales By Product Line (Details)
Revenues - Revenue By Geographic Area (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
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 (Tables)
Unaudited Selected Quarterly Financial Data - Schedule Of Unaudited Quarterly Financial Information (Details)

Material Contracts, Statements, Certifications & more

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

Ticker: ASIX
CIK: 1673985
Form Type: 10-K Annual Report
Accession Number: 0001673985-19-000010
Submitted to the SEC: Fri Feb 22 2019 4:24:43 PM EST
Accepted by the SEC: Fri Feb 22 2019
Period: Monday, December 31, 2018
Industry: Plastic Materials Synth Resins And Nonvulcan Elastomers

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