AdvanSix Announces Third Quarter 2020 Financial Results

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Go back to AdvanSix Announces Third Quarter 2020 Financial Results

AdvanSix (ASIX) Tops Q3 EPS by 3c, Revenues Beat

October 30, 2020 6:36 AM EDT

AdvanSix (NYSE: ASIX) reported Q3 EPS of ($0.02), $0.03 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $281.91 million versus the consensus estimate of $266.77 million.

Third Quarter 2020 Results

Sales down approximately 9% versus prior year, as 5% higher volume was more than offset by 13% lower raw material pass-through pricing and 1% unfavorable impact of market-based pricingNet Loss of ($0.7) million, a decrease of $8.6 million versus the prior yearEBITDA of $15.8 million, a decrease of $9.1 million versus the prior year3Q20 planned plant turnaround successfully completed - approximately $20 million unfavorable pre-tax income impact... More