AdvanSix Inc. Files Q3 2024 10-Q Report

TL;DR

**AdvanSix Q3 2024 10-Q filed. Get the latest numbers.**

AI Summary

AdvanSix Inc. filed its 10-Q for the period ending September 30, 2024. The company reported financial results for the third quarter and the first nine months of the year. Specific financial figures and operational details are provided within the filing, which covers the period from July 1, 2024, to September 30, 2024, and year-to-date comparisons.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational status of AdvanSix Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial reporting for a public company, but the specific financial performance and market conditions detailed within could present risks.

Key Numbers

• 2024 Q3 — Reporting Quarter (Financial results for the three months ending September 30, 2024.)
• 2024-09-30 — Period End Date (The end date for the reporting period covered by the 10-Q.)
• 2024-01-01 — Year-to-Date Start (Beginning of the fiscal year for year-to-date comparisons.)
• 2023-09-30 — Prior Year Quarter End (For comparison with the current year's Q3 performance.)

Key Players & Entities

• AdvanSix Inc. (company) — Filer
• 2024-09-30 (date) — Reporting Period End Date
• 2024-11-01 (date) — Filing Date
• Parsippany, NJ (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share ASIX New York Stock Exchange

Filing Documents

• asix-20240930.htm (10-Q) — 1000KB
• exhibit101_employmentlette.htm (EX-10.1) — 20KB
• a10q2024exhibit311ceo.htm (EX-31.1) — 10KB
• a10q2024exhibit312cfo.htm (EX-31.2) — 10KB
• a10q2024exhibit321ceosox.htm (EX-32.1) — 5KB
• a10q2024exhibit322cfosox.htm (EX-32.2) — 4KB
• 0001673985-24-000150.txt ( ) — 4711KB
• asix-20240930.xsd (EX-101.SCH) — 29KB
• asix-20240930_cal.xml (EX-101.CAL) — 58KB
• asix-20240930_def.xml (EX-101.DEF) — 77KB
• asix-20240930_lab.xml (EX-101.LAB) — 417KB
• asix-20240930_pre.xml (EX-101.PRE) — 273KB
• asix-20240930_htm.xml (XML) — 570KB

Financial Statements

Financial Statements 3 Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 (unaudited) 3 Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024 and 2023 (unaudited) 4 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 (unaudited) 6 Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended September 30, 2024 and 2023 (unaudited) 7 Notes to Condensed Consolidated Financial Statements (unaudited) 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.

Controls and Procedures

Controls and Procedures 26 Part II. OTHER INFORMATION 27 Item 1.

Legal Proceedings

Legal Proceedings 27 Item 1A.

Risk Factors

Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 5. Other Information 28 Item 6. Exhibits 29 Signature 30

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS ADVANSIX INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars in thousands, except share and per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales $ 398,187 $ 322,907 $ 1,188,495 $ 1,151,391 Costs, expenses and other: Costs of goods sold 340,885 314,785 1,046,860 1,004,844 Selling, general and administrative expenses 24,265 21,585 72,290 70,711 Interest expense, net 2,924 2,075 9,137 5,296 Other non-operating (income) expense, net 368 ( 5,485 ) 1,808 ( 6,918 ) Total costs, expenses and other 368,442 332,960 1,130,095 1,073,933 Income (loss) before taxes 29,745 ( 10,053 ) 58,400 77,458 Income tax expense (benefit) 7,479 ( 2,076 ) 14,603 17,753 Net income (loss) $ 22,266 $ ( 7,977 ) $ 43,797 $ 59,705 Earnings per common share Basic $ 0.83 $ ( 0.29 ) $ 1.63 $ 2.18 Diluted $ 0.82 $ ( 0.29 ) $ 1.61 $ 2.12 Weighted average common shares outstanding Basic 26,790,752 27,209,521 26,836,114 27,433,851 Diluted 27,204,714 27,209,521 27,209,680 28,193,721 See accompanying notes to Condensed Consolidated Financial Statements. 3 ADVANSIX INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income (loss) $ 22,266 $ ( 7,977 ) $ 43,797 $ 59,705 Foreign exchange translation adjustment ( 24 ) 197 ( 66 ) 39 Cash-flow hedges — — 7 ( 150 ) Other comprehensive income (loss), net of tax ( 24 ) 197 ( 59 ) ( 111 ) Comprehensive income (loss) $ 22,242 $ ( 7,780 ) $ 43,738 $ 59,594 See accompanying notes to Condensed Consolidated Financial Statements. 4 ADVANSIX INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands, except share and per share amounts) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 17,298 $ 29,768 Accounts and other r

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View this 10-Q filing on SEC EDGAR