AdvanSix 2Q Income Up 72 Percent
AdvanSix reported second-quarter net income of $25.8 million ($0.83 per diluted share) on sales of $361.4 million, up from the year-ago $15 million ($0.49 per share) and $308.4 million, respectively.
AdvanSix had a terrific second quarter capping off a strong first half of 2017,” said CEO Erin Kane. “The performance this quarter continued to be supported by higher production output across our key manufacturing sites and a favorable supply and demand environment.”
Overall sales volumes were up 3 percent. While market-based pricing was favorable by 4 percent, improved prices for nylon, caprolactam and chemical intermediates, partially offset a modest decline in ammonium sulfate prices.
Six-month net income was $53 million ($1.71 per share) on sales of $738.1 million, up from $42.4 million ($1.39 per share) and $608.2 million, respectively.