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Sep 30, 2021
Advansix Q3 2021 Earnings Report
Generated robust sales, earnings and cash flow, reflecting strong execution amid improving end market demand and tight industry supply conditions.
Key Takeaways
AdvanSix announced strong Q3 2021 financial results with sales up 58% year-over-year, driven by price and volume improvements. Earnings per share increased significantly, and cash flow from operations also saw a substantial rise.
Sales increased by approximately 58% versus prior year, driven by market-based pricing, higher raw material pass-through pricing, and higher volume.
Net Income increased significantly versus the prior year.
EBITDA Margin increased by 1120 bps versus the prior year.
Cash Flow from Operations increased versus the prior year.
Revenue by Segment
Forward Guidance
The outlook for AdvanSix's business remains favorable, building off a strong foundation with leading positions across key product lines. The enhanced capital allocation strategy, including the recent dividend initiation, is expected to create further shareholder value.
Positive Outlook
- Expect steady North America nylon demand amid favorable end market conditions and tight industry supply
- Expect robust agricultural industry fundamentals to continue through 2022 planting season
- Expect strong demand for chemical intermediates to continue
- Expect continued balancing of North America acetone supply and demand
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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