AdvanSix Reports Sharp Decline In Q1 Earnings, But Sees Silver Lining In Supply Dynamics
AdvanSix Reports Sharp Decline In Q1 Earnings, But Sees Silver Lining In Supply Dynamics
AdvanSix Inc (NYSE:ASIX) reported a first-quarter 2024 sales decline of 16% year-to-year to $336.829 million, missing the consensus of $344.633 million.
AdvanSix Inc（紐約證券交易所代碼：ASIX）報告稱，2024年第一季度銷售額同比下降16％，至3.36829億美元，未達到共識的3.44633億美元。
The sales decline was due to a 9% unfavorable impact of market-based pricing and a 7% decrease in volume primarily due to the operational disruption at the Frankford site.
銷售下降是由於市場定價造成了9％的不利影響，而銷量下降了7％，這主要是由於弗蘭克福德工廠的運營中斷。
Adjusted EPS was negative 56 cents, down from $1.30 a year ago, missing the negative 54 cents consensus.
調整後的每股收益爲負56美分，低於去年同期的1.30美元，未達到預期的負54美分。
Adjusted EBITDA declined to $595 thousand from $65.35 million a year ago, with margin contracting to 0.2% from 16.3% the prior year.
調整後的息稅折舊攤銷前利潤從去年同期的6535萬美元降至59.5萬美元，利潤率從去年的16.3％收縮至0.2％。
The company reported an operating cash outflow of $36.2 million from a cash flow of $1.575 million a year ago. Free cash flow was negative $71.59 million.
該公司報告稱，運營現金流從去年同期的157.5萬美元現金流中流出3620萬美元。自由現金流爲負7159萬美元。
Dividend: ASIX declared a quarterly cash dividend of 16 cents per share, payable May 28, 2024, to stockholders of record as of the close of business on May 14, 2024.
股息：ASIX宣佈向截至2024年5月14日營業結束時的登記股東派發每股16美分的季度現金股息，將於2024年5月28日支付。
The company returned $11 million of cash to shareholders through repurchases in the quarter.
該公司在本季度通過回購向股東返還了1100萬美元的現金。
"We are currently operating at targeted utilization rates across our integrated value chain and are well positioned to serve our key customers, particularly in Plant Nutrients as the domestic planting season progresses and in our acetone portfolio amid a tight global supply and demand environment," commented Erin Kane, president and CEO of AdvanSix.
AdvanSix總裁兼首席執行官艾琳·凱恩評論說：“我們目前在整個綜合價值鏈中以目標利用率運營，並且完全有能力爲我們的主要客戶提供服務，尤其是隨着國內種植季節的推移，在植物營養素方面，以及在全球供需緊張的情況下我們的丙酮產品組合。”
ASIX expects ammonium sulfate sequential pricing improvement for the second quarter amid continued sulfur demand growth and tight North American supply.
ASIX預計，在硫需求持續增長和北美供應緊張的情況下，第二季度硫酸銨的價格將連續改善。
For 2024, the company expects Capital Expenditures of $140 million to $150 million.
該公司預計，2024年的資本支出爲1.4億美元至1.5億美元。
"As we look forward into the second quarter and beyond, there are a number of tailwinds at our back including strengthening fertilizer pricing, a continued tight global acetone supply and demand environment, an anticipated modest improvement in nylon industry spreads, and a return to expected robust plant utilization rates," added Kane.
凱恩補充說：“展望第二季度及以後，我們面臨着許多不利因素，包括化肥價格走強，全球丙酮供需環境持續緊張，尼龍行業利差預計將略有改善，以及工廠利用率恢復預期的強勁水平。”
Price Action: ASIX shares closed 0.94% higher at $25.75 on Thursday.
價格走勢：澳大利亞證券交易所股價週四收盤上漲0.94％，至25.75美元。
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譯文內容由第三人軟體翻譯。