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Dec 31, 2021
Advansix Q4 2021 Earnings Report
AdvanSix reported Q4 2021 financial results with a sales increase, but a decrease in net income and earnings per share compared to the prior year.
Key Takeaways
AdvanSix reported Q4 2021 sales of $424 million, a 25% increase compared to the prior year. However, net income decreased to $23.6 million, and earnings per share decreased to $0.80. The company's cash flow from operations was $33.3 million.
Sales increased by approximately 25% versus prior year, driven by market-based pricing and raw material pass-through pricing, partially offset by lower volume.
Net income decreased by $3.2 million versus the prior year.
EBITDA increased by $0.8 million versus the prior year, including a net unfavorable impact of planned plant turnarounds.
Cash flow from operations decreased by $14.4 million versus the prior year.
Revenue by Segment
Forward Guidance
AdvanSix is targeting significant earnings growth in 2022, supported by strong execution and robust ammonium sulfate fertilizer performance. The company expects strong North America demand for nylon and chemical intermediates to continue and anticipates that the successful integration of U.S. Amines will deliver year one earnings accretion.
Positive Outlook
- Targeting significant earnings growth in 2022
- Expected strong execution
- Robust ammonium sulfate fertilizer performance
- Expect strong North America demand for nylon and chemical intermediates to continue
- Successful integration of U.S. Amines expected to deliver year one earnings accretion
Challenges Ahead
- Continue to expect Capital Expenditures to be $95 to $105 million in 2022 reflecting scope of planned plant turnarounds and timing of project execution
- Expect pre-tax income impact of planned plant turnarounds to be approximately $33 to $38 million in 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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