AdvanSix Inc. Releases 10-Q Report, Shares Rise 6.8%

By Tamara Parker • Monday, May 05 06:05 • Permanent Link

AdvanSix Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial condition and operations. AdvanSix is a diversified chemistry company that manufactures and sells polymer resins, caprolactam, ammonium sulfate fertilizers, acetone, and a range of intermediate chemicals. The company's products are used in various end markets and applications such as building and construction, fertilizers, agrochemicals, plastics, solvents, packaging, paints, coatings, adhesives, and electronics. AdvanSix is headquartered in Parsippany, New Jersey and was incorporated in 2016.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The 10-Q report also includes a detailed discussion and analysis of the company’s financial condition and results of operations. The report mentions that AdvanSix's results of operations are primarily driven by production volume and the spread between the sales prices of its products and the costs of the underlying raw materials built into market-based and value-based pricing models. The global prices for nylon resin typically track a spread over the price of caprolactam, which in turn tracks as a spread over benzene because the key feedstock materials for caprolactam, phenol or cyclohexane, are derived from benzene.

Recent Developments The report also highlights some recent developments, including the succession of the Chief Accounting Officer and an anti-dumping duty petition on acetone. Effective as of March 17, 2025, Christopher Gramm was appointed as the Vice President, Financial Planning and Analysis, while Rachael E. Ryan was appointed as the Vice President, Controller and Chief Accounting Officer to succeed Mr. Gramm. Additionally, the report mentions that the U.S. Department of Commerce initiated the first five-year review of the anti-dumping orders on imports of acetone from certain countries, with the International Trade Commission expected to issue its results in the fourth quarter of 2025. Following these announcements, the company's shares moved 6.8%, and are now trading at a price of $22.74. Check out the company's full 10-Q submission here.

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