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AdvanSix Reports Sharp Decline In Q1 Earnings, But Sees Silver Lining In Supply Dynamics
AdvanSix Inc (NYSE:ASIX) reported a first-quarter 2024 sales decline of 16% year-to-year to $336.829 million, missing the consensus of $344.633 million.
The sales decline was due to a 9% unfavorable impact of market-based pricing and a 7% decrease in volume primarily due to the operational disruption at the Frankford site.
Adjusted EPS was negative 56 cents, down from $1.30 a year ago, missing the negative 54 cents consensus.
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Adjusted EBITDA declined to $595 thousand from $65.35 million a year ago, with margin contracting to ...