Advansix Inc (NYSE: ASIX) |
|
Price: $21.1100
$2.42
12.948%
|
Day's High:
| $21.525
| Week Perf:
| 1.64 %
|
Day's Low: |
$ 18.49 |
30 Day Perf: |
-13.7 % |
Volume (M): |
315 |
52 Wk High: |
$ 33.00 |
Volume (M$): |
$ 6,645 |
52 Wk Avg: |
$27.35 |
Open: |
$18.64 |
52 Wk Low: |
$18.44 |
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|
Market Capitalization (Millions $) |
575 |
Shares
Outstanding (Millions) |
27 |
Employees |
1,450 |
Revenues (TTM) (Millions $) |
1,518 |
Net Income (TTM) (Millions $) |
44 |
Cash Flow (TTM) (Millions $) |
-10 |
Capital Exp. (TTM) (Millions $) |
134 |
Advansix Inc
AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin which
is a synthetic material used by our customers to produce engineered plastics,
fibers, filaments and films that, in turn, are used in such end-products as
automotive and electronic components, carpets, sports apparel, fishing nets
and food and industrial packaging. As a result of our backward integration and
the configuration of our manufacturing facilities, we also sell a variety of
other products, all of which are produced as part of the Nylon 6 resin manufacturing
process including caprolactam, ammonium sulfate fertilizers, and other chemical
intermediates
• Caprolactam – Caprolactam is the key chemical compound used in
the production of Nylon 6 resin. In recent years, approximately 60% of the caprolactam
we have produced at our facility in Hopewell, Virginia has been shipped to our
facility in Chesterfield, Virginia to manufacture Nylon 6 resin. We market and
sell the caprolactam that is not consumed internally in Nylon 6 resin production
to customers who manufacture polymer resins or use caprolactam to produce nylon
fibers, films and other nylon products. Our Hopewell manufacturing facility
is one of the world’s largest single-site producers of caprolactam as
of December 31, 2016.
• Ammonium Sulfate Fertilizer – Ammonium sulfate fertilizer is derived
from the caprolactam manufacturing process. Because of our Hopewell facility’s
size, scale and design, we are the world’s largest single-site producer
of ammonium sulfate fertilizer as of December 31, 2016. We market and sell ammonium
sulfate fertilizer primarily to North American and South American resellers
and customers who use the product to grow crops.
• Chemical Intermediates – We manufacture, market and sell a number
of other chemical products that are derived from the chemical processes within
our integrated supply chain. Most significant is acetone which is used by our
customers in the production of adhesives, paints, coatings, solvents, herbicides
and other engineered plastic resins. Other intermediate chemicals that we manufacture,
market and sell include phenol, alpha-methylstyrene (“AMS”), cyclohexanone,
methyl ethyl ketoxime (“MEKO”), cyclohexanol, acetaldehyde oxime,
2-pentanone oxime, sulfuric acid, ammonia and carbon dioxide.
Our manufacturing process is fully backward integrated. We use cumene, a chemical
compound produced from benzene and propylene, to manufacture phenol, acetone
and AMS, at our Frankford, Pennsylvania plant. The majority of the phenol we
manufacture is further processed at our Hopewell facility through an integrated
series of unit operations which also consume natural gas and sulfur, to produce
caprolactam and ammonium sulfate. Our caprolactam is then shipped to our Chesterfield
plant, where it is polymerized into Nylon 6 resin.
Our integrated manufacturing process, scale and the quantity and range of our
products make us one of the most efficient manufacturers in our industry. We
consistently focus on and invest in improving production yields from our various
manufacturing processes to build on our leading cost position. Our global logistics
infrastructure supports our commercial mission by ensuring a reliable intraplant
supply chain and consistent and timely delivery to our customers while maximizing
our distribution resources and our operating efficiency. In addition, we strive
to understand the product applications and end-markets into which our products
are sold, which helps us upgrade the quality, chemical properties or packaging
of our products in ways to attract price premiums and greater demand.
Large-Scale Single-Site Producer of Caprolactam and Ammonium Sulfate. We operate
one of the world’s largest single-site caprolactam and ammonium sulfate
production facilities, which is a competitive advantage in our highly-fragmented
industry. Our scale provides operating leverage and the opportunity to achieve
stronger business performance than our competitors in several ways. Most fundamentally,
our large scale enables us to spread fixed and overhead costs across more pounds
of production, thereby enabling us to produce caprolactam at a lower per pound
price than our competitors. In addition, the scale of our operations benefits
our procurement activities for raw materials and services. Large scale also
helps drive our sales. We believe that our reputation as one of the world’s
largest producers of caprolactam, Nylon 6 resin, ammonium sulfate and associated
chemical intermediates, encourages potential customers to approach us for stability
of their supply requirements.
Low Cost Position Driven by Favorable Geographical Location, Integrated Manufacturing
Footprint and High Utilization Rates. Our access to lower cost raw materials,
backward integrated manufacturing facilities and high plant utilization rates
help us maintain our position as the world’s lowest cost producer of caprolactam.
First, the location of our manufacturing operations in the United States affords
us access to the world’s lowest cost natural gas, which is a key raw material
needed to manufacture the ammonia used in the production of caprolactam as well
as the source of power for our manufacturing operations. By contrast, a significant
number of our competitors are located in geographic locations where energy prices
are substantially higher. Second, we are fully backward integrated into several
key feedstock materials necessary to produce caprolactam and Nylon 6 resin,
particularly phenol, ammonia and oleum/sulfuric acid, which we believe is a
unique advantage in our industry. Backward integration contributes to higher
operating margins by lowering raw material transportation, handling and storage
costs. It also enables us to remain flexible, while optimizing sales from our
diverse portfolio of products. Finally, our long-term customer relationships
and contracts enable us to maintain high plant utilization rates, which, along
with our large scale, provide significant operating and purchasing leverage.
Global Reach. The global reach of our sales and marketing capabilities enables
us to compete everywhere nylon resin, caprolactam and ammonium sulfate are consumed.
Our sales, marketing, technical and procurement staff reside in eight countries,
and in 2016 approximately 18% of our sales were outside the United States. Our
freight and logistics capabilities and terminal locations position us well to
serve global markets, including the dock and loading facility at our Hopewell
facility which is capable of serving ocean-going freight vessels. Our global
reach enables us to arbitrage geographic price variations to ensure we are receiving
the highest value for our products.
Technical Know-how, Customer Intimacy and Application Development Capabilities.
Intimate knowledge of our customers and end-market applications, combined with
our technical know-how, enables us to develop specialty products that are often
valued higher by customers compared to commodity products. We have an R&D
department consisting of nearly 50 scientists and engineers with advanced degrees
in polymer synthesis, catalysis and chemical and polymer engineering, who work
not only on developing new products for nylon resins but also drive exacting
offerings for our chemical intermediates and ammonium sulfate customers. In
June 2015, we expanded our capabilities to test and scale production of copolymer
Nylon 6/6.6 resin, which is used in food packaging films and other applications.
We have also invested in an R&D facility located in Shanghai, China that
specializes in working with caprolactam and nylon resin customers to develop
products for specialty applications. Further, our agronomists provide the latest
scientific information on the importance of sulfur nutrition and how to optimize
the benefits of ammonium sulfate fertilizer to our global customers through
a variety of channels including webinars, an “Ask the Agronomist”
blog, technical training sessions for retailers and direct grower meetings.
Diverse Revenue Sources from the Sale of Fertilizer, Acetone and Other Chemical
Intermediates. Due to our specific chemical manufacturing processes, backward
integration and scale, we produce ammonium sulfate fertilizer, acetone and a
wide range of other chemical intermediates that enable us to diversify our revenue
sources. Most significantly, for every pound of caprolactam produced, we produce
approximately four pounds of ammonium sulfate, a fertilizer used by farmers
around the world. For the past two decades we have employed agronomists to educate
growers and retailers in the Americas on the yield value of using ammonium sulfate
fertilizer on key crops including corn, coffee, sugar and cotton.
Company Address: 300 Kimball Drive Parsippany 7054 NJ
Company Phone Number: 526-1800 Stock Exchange / Ticker: NYSE ASIX
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Customers Net Income grew by |
ASIX's Customers Net Profit Margin grew to |
10.09 % |
8.52 %
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Stock Performances by Major Competitors |
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Advansix Inc
Investors have been closely watching Advansix Inc as the company recently reported its first quarter earnings for 2024, which showed a significant loss per share compared to the previous year. The company posted a loss per stock of $-0.65 per share, a decline from $1.22 per share in the same period last year and $-0.19 per share from the preceding reporting season. Revenue also took a hit, declining by -15.907% to $336.83 million from $400.54 million in the previous year. Furthermore, Advansix Inc reported a net loss of $-17.396 million for the first quarter of 2024, a stark contrast to the net earnings of $34.954 million in the same period last year. These results have raised concerns among investors about the future performance of the company.
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Advansix Inc
Advansix Inc, a leading player in the Chemicals - Plastics & Rubber industry, recently released its fourth-quarter earnings report for 2023. The results indicate a mixed performance for the company, with both positive and negative trends observed. In terms of earnings per share (EPS), Advansix Inc saw an improvement from the prior reporting season, with a decrease in the deficit. In the fourth quarter of 2023, the company reported a deficit of $-0.19 per share, compared to $1.18 per share a year before. This shows progress in managing costs and improving profitability. Moreover, in comparison to the previous reporting season, where EPS stood at $-0.29 per share, there has been a noticeable improvement.
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Advansix Inc
Advansix Inc, the Chemicals - Plastics & Rubber company, recently released its financial results for the period from July to September 2023, and the numbers are far from impressive. The company witnessed a significant decline in revenue, which plunged by -32.651% to $322.91 million compared to the same period a year ago. This decline is quite alarming and poses several challenges for Advansix Inc in the future. Adding to the disappointment, the company recorded a net deficit per share of $-0.29, a stark contrast to the positive $0.35 per share reported in the corresponding period last year. The negative trend continues as the earnings per share (EPS) fell from $1.16 per share in the prior reporting period, further exacerbating the situation. Additionally, the company experienced a -24.544% decrease in revenue, dropping from $427.94 million to $322.91 million.
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Advansix Inc
Advansix Inc Faces Declining Profits and Revenues, But Shows Resilience in Share Performance Leading chemical manufacturing company, Advansix Inc, recently reported a significant drop in net profit per share and revenue for its most recent fiscal period. The company's net profit per share plummeted by a staggering -47.98%, declining from $2.23 in the previous year to $1.16. Additionally, net profit per share decreased by -4.92% from $1.22 in the preceding quarter. The revenue of Advansix Inc also crumbled by -26.786% to $427.94 million when compared to the similar quarter last year. However, sequentially, the revenue increased by 6.84% from $400.54 million. Furthermore, the net earnings of $32.728 million in the most recent fiscal period fell by -49.77% from $65.157 million during the corresponding period a year before.
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Per Share |
Current |
Earnings (TTM) |
1.61 $ |
Revenues (TTM) |
55.69 $
|
Cash Flow (TTM) |
- |
Cash |
0.72 $
|
Book Value |
28.42 $
|
Dividend (TTM) |
0.63 $ |
|
Per Share |
|
Earnings (TTM) |
1.61 $
|
Revenues (TTM) |
55.69 $ |
Cash Flow (TTM) |
- |
Cash |
0.72 $
|
Book Value |
28.42 $ |
Dividend (TTM) |
0.63 $ |
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United States |
|
85.36 % |
of total Revenue |
International |
|
14.64 % |
of total Revenue |
Nylon |
|
23.53 % |
of total Revenue |
Caprolactam |
|
19.17 % |
of total Revenue |
Ammonium Sulfate Fertilizers |
|
27.04 % |
of total Revenue |
Chemical Intermediates |
|
30.26 % |
of total Revenue |
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