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Stock impact report

AdvanSix Announces Fourth Quarter and Full Year 2023 Financial Results

AdvanSix Inc. (ASIX) 
Last advansix inc. earnings: 5/1 06:31 am Check Earnings Report
US:NYSE Investor Relations: investors.advansix.com
Company Research Source: Business Wire
4Q23 Sales of $382 million, down 5% versus prior year4Q23 Earnings Per Share of ($0.19); Adjusted Earnings Per Share of ($0.10)4Q23 Cash Flow from Operations of $60 millionReturned $63 million of cash to shareholders through repurchases and dividends in 2023 PARSIPPANY, N.J.--(BUSINESS WIRE)--AdvanSix (NYSE: ASIX) today announced its financial results for the fourth quarter and full year ending December 31, 2023. The following results reflect our navigation of a challenging end market environment while maintaining focus on long-term priorities including portfolio simplification in the year and continued investments in support of improved through-cycle profitability.Full Year 2023 SummarySales down 21% versus prior year driven by 17% unfavorable impact of market-based pricing and 5% lower raw material pass-through pricing, partially offset by 1% contribution from acquisitions and flat volumeNet Income of $54.6 million, a decrease of $117.3 million versus the prior yearAdjusted EBITD Show less Read more
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