AdvanSix reported a strong first quarter in 2021 with sales up 24% year-over-year, driven by higher raw material pass-through pricing, volume, and market-based pricing. Net income and cash flow from operations also saw significant increases compared to the prior year.
Sales increased by approximately 24% versus prior year, driven by higher raw material pass-through pricing, volume, and market-based pricing.
Net Income increased by $19.6 million versus the prior year.
Cash Flow from Operations increased by $37.4 million versus the prior year.
Awarded 2021 Platinum Rating for corporate social responsibility from EcoVadis.
AdvanSix expects near-term North America nylon supply tightness and steady demand to continue, improved ammonium sulfate fertilizer results, and a favorable acetone industry supply and demand balance. They are focused on mitigating expected higher raw material input costs and expect capital expenditures to be $70 to $80 million in 2021. They continue to expect pre-tax income impact of planned plant turnarounds to be $25 to $30 million in 2021.
Visualization of income flow from segment revenue to net income
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