AdvanSix (ASIX) Tops Q1 EPS by 30c

AdvanSix (NYSE: ASIX) reported Q1 EPS of $0.68, $0.30 better than the analyst estimate of $0.38. Revenue for the quarter came in at $315 million versus the consensus estimate of $343.77 million.

Outlook

• Targeting strong nylon plant utilization rates while navigating through uncertain carpet and auto end markets
• Nitrogen fertilizer environment expected to strengthen seasonally through Spring planting season
• Expect global acetone supply to lengthen into 2Q19 reflecting Gulf Coast terminal fire disruption and customer force majeures
• Continue to expect full year 2019 Capital Expenditures to be $140 to $150 million and full year 2019 pre-tax income impact of planned plant turnarounds to be $35 to $40 million

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

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