AdvanSix reported a 4.2% increase in sales, a significant increase in net income, and a substantial rise in cash flow from operations for Q4 2020. The company highlighted strong volume growth and margin improvements.
Sales increased by 4.2% versus the prior year.
EPS was $0.94, up $1.02 versus the prior year.
Cash flow from operations was $48 million, up $28 million versus the prior year.
Net income increased by $28.9 million versus the prior year.
AdvanSix anticipates near-term improvement in nylon demand, increased ammonium sulfate fertilizer demand, and a favorable acetone industry supply and demand balance. Capital expenditures are expected to be $80 to $90 million in 2021, and the pre-tax income impact of planned plant turnarounds is expected to be $25 to $30 million in 2021. They also expect to receive approximately $12 million cash tax refund in the first half of 2021 related to CARES Act
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