10-K - AdvanSix Inc. (0001673985) (Filer)

Fri, Feb 21, 9:17 PM (64 days ago)

**AdvanSix Inc. (ASIX) 2024 10-K Summary:** AdvanSix reported revenues of $1,518 million in 2024, a slight decline from $1,534 million in 2023, with net income decreasing to $44 million from $55 million. Operating expenses remained stable, with costs of goods sold at $1,365 million. Earnings per share (EPS) were $1.62, down from $1.95 in 2023. The company attributes revenue fluctuations to operational disruptions at its manufacturing sites, particularly in Frankford and Hopewell. Strategically, AdvanSix emphasizes its integrated manufacturing capabilities, which enhance cost efficiency and product reliability across its nylon, plant nutrients, and chemical intermediates segments. The company anticipates growth in demand for ammonium sulfate, leveraging its position as a major supplier in North America. Risk factors include economic volatility, raw material price fluctuations, and reliance on key customers, with the top 10 customers accounting for 38% of sales. The company maintains a robust financial condition, with $20 million in cash and $304 million available under its credit facility. Future outlook remains cautiously optimistic, supported by ongoing operational improvements and strategic investments.