NYSE$ASIX
Advansix Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported robust sales, earnings, and cash flow, driven by strong commercial performance and the integration of U.S. Amines.
AdvanSix announced strong second-quarter results with sales up 33% year-over-year to $584 million and earnings per share of $2.23. The company highlighted the strength of its business model and diverse product portfolio, with strong commercial performance offsetting higher inflation and lower sales volume due to unfavorable weather conditions.
- Sales increased by approximately 33% compared to the prior year, influenced by market-based pricing, raw material pass-through pricing, and contributions from acquisitions.
- Net income reached $65.2 million, marking a $21.0 million increase from the previous year.
- Cash flow from operations totaled $95.9 million, reflecting a $43.9 million increase compared to the prior year.
- The company announced a 16% increase in the quarterly dividend, raising it to $0.145 per share.
Headline financials
Revenue & EPS history
Advansix · Revenue · Quarterly
$584M
Revenue by segment
Advansix · $378M total across 3 segments · Q2 2022
- Chemical Intermediates$159M+9.8%42.0%
- Nylon$132M+20.7%35.0%
- Caprolactam$87.2M+4.7%23.1%
Forward guidance
AdvanSix is targeting significant earnings growth in 2022, supported by its integrated business model and diverse end-market exposure. The company anticipates continued healthy demand in North America for nylon and chemical intermediates, along with favorable conditions in the agriculture industry.
Tailwinds
- Targeting significant earnings growth in 2022 supported by strength of our integrated business model and diverse end market exposure
- Expect continued healthy North America demand for nylon and chemical intermediates
- Expect favorable underlying agriculture industry fundamentals to continue; North America ammonium sulfate seasonality expected to drive 3Q22 higher export mix sequentially
- Successful integration of U.S. Amines expected to deliver year one earnings accretion
- Continue to expect Capital Expenditures to be $95 to $105 million in 2022
Headwinds
- Continue to expect pre-tax income impact of planned plant turnarounds to be approximately $32 to $37 million in 2022
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.8%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+0.8%
Avg return
30 days after
52%
23 / 44 earnings
Positive
+15.6%
Q1 2016
Best reaction
-15.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -15.1% | -6.6% | — | |
| Q4 2025 | +3.9% | +0.8% | +12.5% | |
| Q3 2025 | -15.0% | -10.9% | -11.7% | |
| Q1 2025 | +6.1% | +6.9% | +10.4% | |
| Q3 2024 | +5.0% | +11.8% | +14.5% | |
| Q2 2024 | +2.7% | +4.0% | +10.5% | |
| Q1 2024 | -9.9% | -6.3% | -8.0% | |
| Q4 2023 | +0.8% | -0.6% | -4.2% | |
| Q3 2023 | -9.5% | -13.2% | -5.0% | |
| Q2 2023 | -8.1% | -5.3% | -14.0% | |
| Q1 2023 | -0.7% | -1.2% | +1.1% | |
| Q4 2022 | -3.3% | -0.9% | -17.7% | |
| Q3 2022 | +3.7% | +1.7% | +14.9% | |
| Q2 2022 | +1.6% | +2.0% | -8.2% | |
| Q1 2022 | -3.9% | -4.2% | -2.2% | |
| Q4 2021 | -11.0% | -14.7% | +30.5% | |
| Q3 2021 | +5.4% | +8.3% | +2.4% | |
| Q2 2021 | +2.6% | +6.9% | +11.5% | |
| Q1 2021 | +3.3% | +6.7% | +3.4% | |
| Q4 2020 | +11.5% | +8.1% | +2.8% | |
| Q3 2020 | +4.4% | -1.3% | +23.6% | |
| Q2 2020 | +1.5% | +5.2% | +16.4% | |
| Q1 2020 | -6.0% | -7.2% | -2.8% | |
| Q4 2019 | -15.5% | -27.0% | -34.1% | |
| Q3 2019 | +3.4% | +4.0% | -11.1% | |
| Q2 2019 | -2.3% | -10.3% | -12.9% | |
| Q1 2019 | +8.1% | +1.6% | -18.7% | |
| Q4 2018 | +2.0% | -1.2% | -15.6% | |
| Q3 2018 | -8.9% | -2.9% | -2.5% | |
| Q2 2018 | -13.2% | -13.5% | -15.0% | |
| Q1 2018 | -5.5% | +2.0% | +2.9% | |
| Q4 2017 | +4.5% | +6.6% | -12.2% | |
| Q3 2017 | -6.7% | -7.2% | -11.4% | |
| Q2 2017 | -4.6% | -4.0% | +3.2% | |
| Q2 2016 | -4.6% | -4.0% | +3.2% | |
| Q1 2017 | +15.6% | +13.7% | +11.3% | |
| Q1 2016 | +15.6% | +13.7% | +11.3% | |
| Q1 2015 | -7.1% | -9.9% | -11.7% | |
| Q2 2015 | -7.1% | -9.9% | -11.7% | |
| Q4 2014 | -7.1% | -9.9% | -11.7% | |
| Q4 2016 | +1.3% | -2.2% | +1.3% | |
| Q4 2015 | +8.5% | +6.9% | +30.4% | |
| Q3 2016 | +8.5% | +6.9% | +30.4% | |
| Q3 2015 | +8.5% | +6.9% | +30.4% |
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