AdvanSix (NYSE: ASIX) reported Q2 EPS of $1.55, $0.35 better than the analyst estimate of $1.20. Revenue for the quarter came in at $453 million versus the consensus estimate of $426.8 million.

Outlook

Anticipate higher ammonium sulfate pricing in 3Q24 year-over-year reflecting robust demand entering fall fill; however, typical North American ammonium sulfate seasonality expected to drive 3Q24 sequential domestic pricing decline
Expect balanced to tight global acetone supply and demand conditions
Expect North American nylon industry spreads to modestly improve through 2024 reflecting tighter regional supply and stable end market demand
Continue to expect Capital Expenditures of $140 million to $150 million in 2024, reflecting increased spend to address critical enterprise risk mitigation and growth projects including our SUSTAIN (Sustainable U.S. Sulfate to Accelerate Increased Nutrition) program
Continue to expect pre-tax income impact of planned plant turnarounds to be $38 to $43 million in 2024

For earnings history and earnings-related data on AdvanSix (ASIX) click here.