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Mar 31, 2022
Advansix Q1 2022 Earnings Report
Generated record quarterly sales, earnings and margins in the first quarter, reflecting strong execution and robust ammonium sulfate fertilizer performance.
Key Takeaways
AdvanSix announced record quarterly sales, earnings, and margins for Q1 2022. Sales reached $479 million, a 27% increase year-over-year, with an EPS of $2.15 and adjusted EPS of $2.26, up 115% versus prior year.
Sales up approximately 27% versus prior year driven by 26% favorable impact of market-based pricing.
Net Income of $63.1 million, an increase of $34.9 million versus the prior year.
Adjusted EBITDA Margin of 21.5%, up 620 bps versus the prior year.
Free Cash Flow of $28.1 million, a decrease of $14.8 million versus the prior year.
Revenue by Segment
Forward Guidance
AdvanSix anticipates significant earnings growth in 2022, supported by its integrated business model and robust ammonium sulfate fertilizer performance. The company expects continued healthy demand in North America for nylon and chemical intermediates, along with earnings accretion from the successful integration of U.S. Amines.
Positive Outlook
- Targeting significant earnings growth in 2022 supported by advantages of integrated business model and expected robust ammonium sulfate fertilizer performance
- Expect continued healthy North America demand for nylon and chemical intermediates
- Successful integration of U.S. Amines expected to deliver year one earnings accretion
Challenges Ahead
- Expect pre-tax income impact of planned plant turnarounds to be approximately $32 to $37 million in 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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