Advansix Inc. (ASIX) 10-K Annual Report February 2020

- AdvanSix (NYSE: ASIX) today announced its financial results for the fourth quarter and full year ending December 31, 2019. Overall, the Company continued to execute its strategic priorities in a challenging end market environment.

Fourth Quarter 2019 Results

•Sales down approximately 16% versus prior year, including approximately 8% lower raw material pass-through pricing, 4% unfavorable impact of market-based pricing, and 4% lower volume

•Net Loss of ($2.1) million, a decrease of $22.9 million versus the prior year

•EBITDA of $12.7 million, a decrease of $30.0 million versus the prior year

•4Q19 planned plant turnaround safely completed on time and on budget - approximately $25 million unfavorable pre-tax income impact

•Cash Flow from Operations of $19.8 million, a decrease of $25.8 million versus the prior year

•Capital Expenditures of $43.9 million, an increase of $7.4 million versus the prior year

•Free Cash Flow of ($24.1) million, a decrease of $33.2 million versus the prior year

Summary fourth quarter 2019 financial results for the Company are included below:


($ in Thousands, Except Earnings Per Share)	4Q 2019	4Q 2018
Sales	$326,650	$386,634
Net Income (Loss)	(2,094)	20,761
Diluted Earnings (Loss) Per Share	($0.08)	$0.68
EBITDA ⁽¹⁾	12,749	42,762
EBITDA Margin % ⁽¹⁾	3.9%	11.1%
Cash Flow from Operations	19,849	45,650
Free Cash Flow ⁽¹⁾⁽²⁾	(24,087)	9,085

(1) See “Non-GAAP Measures” included in this press release for non-GAAP reconciliations

(2) Net cash provided by operating activities less capital expenditures

The following information was filed by Advansix Inc. (ASIX) on Friday, February 21, 2020 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

Material Contracts, Statements, Certifications & more

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

Exhibit 4.1: Instruments Defining The Rights Of Security Holders, Including Indentures

Exhibit 10.15: Material Contract

Exhibit 23.1: Consents Of Experts And Counsel

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-K Annual Report
Accession Number: 0001673985-20-000009
Submitted to the SEC: Fri Feb 21 2020 4:38:14 PM EST
Accepted by the SEC: Fri Feb 21 2020
Period: Tuesday, December 31, 2019
Industry: Plastic Materials Synth Resins And Nonvulcan Elastomers