ASIX - Earnings call transcript Q1 2024

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day. And welcome to AdvanSix First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Adam Kressel, Vice President of Investor Relations and Treasurer. Please go ahead.

Adam Kressel

Cindy. you, Thank welcome Call. and First XXXX Quarter Good to Conference Earnings morning, AdvanSix' With CEO, President Senior are me today here and and Michael Vice CFO, Erin Preston. President and Kane;

those available see that elements to our world this results webcast, today. and non-GAAP including based Those that This that change, forward-looking and business of website view on can that call presentation. Note differ consider we our projected, it statements from reconciliations, of you and the our ask presentation earnings in could way. and best materially actual are investors.advansix.com. at release on We statements any we the elements are contain as them our included and the press in of refer forward-looking you

uncertainties filings identify our SEC. annual report In the affect our filings, further and as with subsequent XX-K risks principal updated including that SEC we in the on our in performance addition, Form

review for our This and key markets. our for morning, end financial product outlook quarter we the of and our results will lines share XXXX first

for questions leave time your we'll at the Finally, end.

with turn that, over call AdvanSix's and So CEO, Kane. the President Erin to I'll

Erin Kane

everyone. your for Thank good us and joining for Thanks, and Adam, continued morning, AdvanSix. in interest you

release, value our with a saw delayed across in our was you the along site, rates process-based first by previously utilization integrated impacted ramp As announced our our press Pennsylvania performance quarter targeted at operational Frankfurt, chain. disruption to

and including teammates quarter, purchases comprised partners fully unfavorable would other resolved costs, sales I the again to replacement raw their value the quarter impact products to impact stack. This and total first mitigate and collaboration was approximately thank The chain. like the and on to of our was the once in incremental first $XX million, pretax customers, impact for in income additional plant of of disruption

at number and key serve ahead commercial of rates remainder are plant progresses, demand to to returned in to amid and tight in supply targeted a plant particularly are domestic the portfolio utilization XXXX, of tailwinds asset environment. as operational home global our our our and Looking customers, back. quarter and and there positioned a nutrients season planting the We well second

also social and spreads through Critical recent in we've consecutive trough our by and and to received responsibility security sustainability to third sites We We a by industry recognitions that nylon of share customers, achieved Chesterfield. for ISCC at PLUS expect their strong XXXX across improve water our stakeholders, climate proud earned XXXX external modestly were change EcoVadis, our platinum rating Hopewell by number our certified corporate to levels. CDP performance. for of I'm importantly, ratings weeks, and Frankfurt, manufacturing

to diverse portfolio navigate the of had with We manage and dynamics, and playbook we various our demonstrated proven our product cycles markets. ability and to macro meet needs end as through evolving a go

for as long-term our business disciplined diversified areas focused through and in As profitable of growth of portfolio. for continue we legacy and sustainable and pride long smart accelerating our performance trusted most track in our a company, investments partner position to We'll record serving of customers. take chemistry on the a success our our remain

Mike. call turn let Now me the to over

Michael Preston

stable and demand reduced conditions. a supply sulfate more by unfavorable amid global material well approximately financials. unfavorable X%. a year. was nylon pricing prior lower million and pricing and due raw This I'm of input primarily summary to will X, decreased Erin, Slide reflects as Thanks, environment costs as I $XXX on XX% first Sales provide good ammonium nitrogen the of pricing morning, versus everyone. lower XXXX supply where the now quarter Market-based

decline. vesting were was material in the unfavorable compensation. pricing the production raw costs, Adjusted impact in quarter quarter earnings drivers first larger quarter by loss the approximately items tax The the of resulting were primarily year-over-year, material in period. Sales down a year mix operational market-based was to year to million X% share lost sales the pass-through net year, approximately from rate of $X the in EBITDA last and prior prior first primarily versus of primarily Volume other benefit flat. related the a lower $X.XX, of decreased disruption. of tax approximately earnings disruption primary effective $XX from equity was operational was million, per driven Adjusted reflecting due the pricing the quarter. unfavorable XX% volume Raw XX.X% and the

prior in the lower We rate the the $XX quarter million $XX tax year-over-year, spend the quarter XXXX. $XX negative of in quarter negative our XX%. compared other reflecting income increased capital. the changes primarily primarily continue was as versus million working flow programs net approximately be and cash of million effective anticipate a from expenditures to a Capital result year, first increased to of the declined $XX on impact in enterprise million full Free to in projects. million Cash year and operations flow $XX maintenance XXXX of

operational XX-month when first leverage to our On disruption. within approximately target X We to a through was basis quarter, of the our XXXX. Xx normalizing in for trailing impact of remain anticipate X.Xx the leverage debt range the that

higher to flow on quarter sequentially cash improve free in anticipate the earnings. second also We

As the our each advances do a incur sulfate reminder, an cash we the ammonium cash unfavorable prebuy flow unwinding first of year. as from we half on in impact

to turn X. let's Slide Now

price quarter In from raw of as tailwinds the we our we key margin quarter, a natural see sulfate perspective the was quarter, input XXXX. variable drivers, performance ammonium on with up drivers to EBITDA improving began Tracking commercial with Here, over $XX and coupled by adjusted basis pricing net prices gas a key the highlight first sulfur materials of the through fourth quarter million. our strengthened costs. from sequentially of lower sequentially

nylon as key in our a by relatively largely was raws lower costs well, to caprolactam driven on nylon favorable Performance over million increased performance approximately reflecting an export spread and functional quarter. portfolio items expansion across over quarter were $X SG&A margins $X raw was sequentially fourth acetone mix of of while modest spend. price sales Intermediates Volume, in Chemical our flat. headwind sales the the lower other provided first million, compared improved propylene.

Finally, the plant an unfavorable, the as discussed, operational quarter. of $XX impact million was and had planned we in million disruption $X additional turnaround

the to Now call let back me turn Erin.

Erin Kane

further sequential our global with declines saw the industry quarter. Mike. quarter discuss fourth first Slide now X Asia I'm in We've in stabilize benchmark the Starting product to while seen of nylon. the key Thanks, lines. each on improvement following the spreads

we continue off slowly soft 'XX fundamentals, intensity to in XQ continued exports the supply-demand Demand impact expected, pricing. Despite we long are trending rates dynamics, world. rest of remain of trade as nylon flows the elevated, resulting while trough. regional albeit favorably, estimated competitive operating regional and to So varying China including the remains globally out

continued led quarter. in as building interest result the increases America, environment. which been construction across downtime the has trending Here a been industry, modest in of to the stable, tighter markets base, production the pricing has North weakness demand region lower second higher in albeit a and has with with on rate into Supply

position profitability, our to For the improve exists. our to mix selling demand fertilizer business, pricing driving unit space, through continue In sales it on productivity to meet optimizing we North our nitrogen global steady customer while target in focus where quarter decline competitive and pricing and quarter growth the we strengthen into quarter began America. demand mid-March. to seen through have sulfur first relatively supply the reduced ammonium contrast, began continued second In the sulfate and leveraging amid

pull of year, support season of at to for we While growth buying product strong we've strong field with the and on demand of did are start terminals going the we the see cautious heart order seeing entered with along now corn the for applications behavior book, traditional to nutrient a out the soybeans.

on actions of we expected to strength drove off. ourselves to The capitalize is paying season position the the

Lastly, Intermediates, at continued realized acetone highs. improve in over first refinery quarter in to the prices spreads Chemical with coupling grade sitting multiyear industry cost

some While value on turnarounds into been serving MMA chains, construction into has is global other and see phenol applications applications. acetone in seen industrial demand particularly We lower first seeking by producers the rates with downstream has supply This globally. building tight buyer persistent the quarter. large reduced supported softness operating demand end

to operational and line turn both quarter by encouraged utilization benefits We're commercial rates X. well business. our of Slide improved across Let's our Operationally, each returned with customers the second outlook to are ensuring we've positioned into robust anticipated. heading plant to serve we expected our

mitigation program in well. expect to million spend $XXX to enterprise continue in year-over-year progressing critical address The million projects XXXX, and reflecting of within $XXX capital growth projects. are We SUSTAIN range to the increased risk our expenditures

conversion granular by We XX% XXXX. reaching now end sulfate approximately ammonium anticipate the of

return Increased continue SUSTAIN growth to U.S. hurdle percent at As Sulfate track to rate. Sustainable robust target a to we reminder, stands Accelerate investment our And profile this XX-plus for program Nutrition. a

We our the of planning the third expect firmed the $XX planned larger has pretax also quarter to fourth million our timing to as quarter of continue be turnaround income our shifted plant the million to turnarounds XXXX. now impact year. in from up for Off-note, the we $XX to

to earnings well, diversified and positive as seeing and robust nylon that we improve we year shared, acetone trends maintain will long continue of the conversion of We've and chemistry of cautiously performance the year come term model can consistently power for on progresses. The serve ammonium companies are expect as our this growth resilience. to good and business investment sulfate underlying strength continue cash and business. I anticipate cycles us our commercially modestly demonstrate see As the over to company improve stronger for position to structurally through to and optimistic a our our

before sustainability up Q&A, recent discuss to and Slide To to highlights turn initiatives I'd X. further Let's related the our to to wrap performance. moving like

of rating As the were is assessment customers, of The independent delivering social in teammates day. of the This hard X% platinum recognition every an I business platinum compelling puts assessed. by AdvanSix embed rating responsibility third consecutive communities agency. mentioned our our EcoVadis, and awarded into all earlier, and achievements sustainable company practices companies and top work we stakeholders responsible the corporate who our a for our

addition, CDP, platform. that operates In again the nonprofit on by a climate we security rated environmental our global were practices and water leading once disclosure

security rating across category and rating strong globe very maintained chemicals water Our industry. the A- submission favorably within climate we compare our peers was with these of the B ratings improved leadership for change. with in and for Both recognized an top the

and feedstocks sustainable Finally, and transparent Chesterfield. traceable we PLUS of Hopewell, adoption standard mass to Frankfurt, practices, certification of recognized recently ISCC PLUS and sustainability certified sites, chains. system the The a for certification developing were is our balance applying organizations approach ISCC particularly voluntary their characteristics. track manufacturing to supply for globally the a validates X for

This we their transform nylon also environmental enabling recycled responsible product complements lines. our our that recycled and post-consumer existing sustainability By are own solutions goals. also meet Together, focus, post-industrial while and customers our a future. building more socially reflect helping

that, Adam, With move let's Q&A. to

Adam Kressel

Thanks, you line for Erin. can the please questions. Cindy, open

Operator

comes Sandler. Neivert Charles [Operator of question Instructions] from Our Piper first

Charles Neivert

how lost the Just sort to of And that do side, there? move will it away up? mean constrained what a the to on degree be get far the product have couple to exports you has of to take How of downtime do from questions. -- of into other are pre-run nylon is, to reduced. normal? space. catch some is will you long degree respect said may from say much or question able you you the One, you that it how ability been And think I think in the agricultural your back product you nylon I'd a

granular, season be the to product I'll now? you about side. know have more non-U.S. And more the move So agricultural standard the I'll it. I South you talked American which the and in take standard taking towards lastly, there. as in stop Are in they markets, it to granular past guys granular more your tended leave

Erin Kane

Great.

bit let's questions. for here, Thanks that Charles. the So a unpack

on lot run in probably more and XX%, and domestic XXs. as the had with was a we of that the move rate exports, our of bit we operational last spoken of norm. sales mix exit exports will our and high nylon as past think sort the focus we to which disruption the contract about a certainly XXXX, with historical rate in closer is rate here the to our finish with we've and on consistent higher through what we quarter, year. When a ebb and had that probably XXXX, targeted optimizing We shared dropped which customers as flow First, certainly anticipated

across production industry is couple in as of constrained the been the Obviously, past months. and has

in But as increase. or certainly, mix in America market the where and in our optimization progress then then here in we perhaps to half will caprolactam targeted improved can see selling So second North nylon. how if whether highly export we're position we we the certainly, need demand meet and to. us maintain certainly rates realigned getting in value those the our focused profitability unit allows And cost on chain

we So AS. say would AS, part out in to We there's first about no asked did the I purchased A, go quarter. practically and impact

So was in what frame. to I sorry, questions the -- because reframe here was so more -- the that think let me season you're that's thinking I pointing

our and but demand certainly, did Just first purchase sales we the to QX. to clear, be in the of were AS for season down, protect heart in customer the quarter

as to in now we our to and be so season, allowing planning their here good and to customers So clarify wanted that. are season we shape market the in -- just successful going in farmers are

piece then production At standard. North sales here to to And granular meet your America. and in growth highest sales we're third our level, the well granular relative expanding and right,

and have to focused continue half limited have in that upgrade conversion as we export certainly, level, those the had always we are domestic. so first granular products and for here And

still side. to various customers regions great the Is export where I some we'll there We've of you some clarification? maintain in essence were? got in that the continue take further Did will standard. any the capture So sales

Operator

would you Charlie, me, to respond? Excuse like

Charles Neivert

question? the What response, was I'm that sorry. missed I sorry,

Adam Kressel

Charles. come you, back to We'll

Operator

The question David Silver from of King. CL comes next

David Silver

So have a here. of questions I of kind scatter

hoping in the is the that planning apologize AS it during looks There is with how advance issue pricing. and some that listened and I around bit. very I AS run-up and the on, urea lend another maybe if season So with was could comments your has pops a favorable. about timing I between interest progressed relationship to pricing perspective you pricing

and variation been by So tracking. I've relative points mean, But there's mean have always looks AS points or relationships. different some for favorable like to pricing unusually certainly information you I urea. is pricing delivery that said, I different the it

favorable persists? I'll that favorable in sustainable point to mean, something historically might unusually for I'm more would you that just if wondering your driven could Is favor? But And the more outage, example? to how have AS' that it I relationship there. unusually or point, relationship stop

Erin Kane

in the ourselves, are deliver nitrogen to urea relationship the just our ready have sulfate for maybe most because nitrogen proven nitrogen crops. for that we everyone So we and and nutrition. ammonium value lines. ammonium And And has largest we the for to wide software AS reground a really marketing and pound to about product and of sulfur nitrogen sets a talk sulfate the nutrient providing AS. fertilizer to on certainly, is the pound, available and variety and And sulfur nitrogen

you on are said, software we sulfur in why seeing customers the consideration, the earn really you been value always that like become what a But market focused have where is well. So due pricing what and chain placed add base when is for premium the is to have tight And the effectively, a benefit now for yield price, value attract as as AS headed. well. on we to right we we which nitrogen's has

focus is There that a fundamentals. a the in linkage growing. earned environment. base again, that's really nutrient it those premium is also on Sulfur the So But is is value. and nutrition that supply-demand earned to premium

uptake is sulfate this down several reported on see on that soybeans. chain the we've alluded doing of season to, customers work growth have on we we and use season a there soybeans the demand As big certainly been certainly,

I And David, opportunity the leading think combination today. to we're are a factors, that in situation of so the that it's and pricing

David Silver

when Okay. or I little And his X asking feedback was getting questions. X was a Charlie of

the AS making thinking vary to sales I flexibility, product kind the percentage if the of of having points. factors. granular I'm goes in XX to I'm wondering, product, But and about increasing percentage just So I your premium-priced granular to your yourself. different year XX% your and apologize other in maybe of repeat percentage about back mean, strategies the you form of to increase right, this the comment But in up to seasons

other you really has intend don't there in granular I where form? As past, this from to Or that after been adding the is the year look in selling you granular? know, period -- to amount flexibility? the is words, this year there back, their XX output of sell years wouldn't just maximum benefit a increasing the In X form in is AdvanSix

Erin Kane

Yes.

quite granular to of get certainly, increasing within the program is targeting we've SUSTAIN steadily been to So for direction And conversion here period time. total for operations our a XX%. a

year. are profitable We but a the of is granular the the form, and history tracking plan the about the heart wouldn't here our time that's in our right, particularly this of not move really be forward. answer as -- and needs development, original reaching standard more America, XX% ahead always it growing customers And mechanized and agriculture, where there's simple the think fundamentals North we it than is of just no, in

investment significant of here step consistent take very and really with next forward. sort as well strategy So long-term this the to

David Silver

that about to my and words, be I switch nylon frustratingly that China would I'm product stretch simpler. difficult in confused, very a of a makes an closures wouldn't auto production don't I been And dramatic the apologize, over have In process whatever. in I bit pickup And line, of but to thought builds questioning much aware after really don't I'm know high. confess know, I like capacity but capro. what's how this year modeling overall or -- moderate and kind and a regulatory anticipate nylon in some to I I particular mentioned That not your Good. to you little what that rates I'm you comments other or improvement. nylon say continue anticipating behind actions, improvement

after improvement there of But a anticipating the in anticipate -- might financial in easing be you fundamentals maybe some there difficult such should little that supply the you're your some very stretch just why improvement on some perspective background why or bit there? a moderate results be or in

Erin Kane

here. to think cautiously there continued lagged. is Yes. in of relative North I the strength when that certainly sort considerations are building is we the of packaging. of agree macros, of about in the construction where larger in the one robust and sort I optimistic is can't are in has signs and is sort strongest the the auto It view tone we think that one segments rightly Those and end that market, America are

and And set other the considerations there. as back come spaces. in to commercial to residential those are and many and We, demand will typical more we certainly, allow associated space like look that this construction opportunity interest others, rates with watching so

of And piece. North so that, that's sort the America

sort logistics East Middle are just challenges in sort sort When we Asia there Canal constraining the Panama consideration, broader and the are of think and of coming constraints. really East. of about into the Certainly, Europe logistics

constrained all play extending And history some So [indiscernible] repeat shutdown that rates as you would and comes then say see the into in that marketplace. now is downturn not rest third, had we to out we But in into in history go. some there this Japan. are cycles structure the already Europe does. operating we've things of and relative And just some are back we perhaps Asia, when as usually

not we to to we will the continue here, there slow. do slow but expectation tick that starting the or seen think a recovery, last to should least quarters, it's I trough, albeit believe, that at is which see fast so signs off over And have don't be up X going and our of this be are we

David Silver

the maybe This you the whatnot Got sulfate in your intermediates the your wondering amines agriculture I'm U.S. it. comments pretty output segment line, did would about is what And side on that. amines about business, end side for a And acetone, there? market one question. seeing the from the is or if just progress in I chemical strength I believe with you're and driving talk some particular, the U.S. appreciate of comments intermediate with maybe last I or in other various just as well. you intermediates there. on And product but ammonium was wondering had words, significant the if be

Erin Kane

sort protection amines the No, think U.S. into broader herbicide and fertilizer certainly, about like is fit report and value of consistent others they're demand, see there and slow that I again, think segmentation given And we crop when in of kind into generally what ag, a what chemical, we really really that we're that others work continuing this still we chain. we've continuing between of destocking there is to space and flowing which chemical is to through. report ag product space ag certainly is the with the seen

the So season this the for U.S. in that of think is a but space. sense I sort us is that amine prior a corrects the year, headwind is

continue we was we that core of base project relative grow being given to here acquired continues progress certainly, asset investment progress. the to to pipeline the and business to able that However, the that thesis parts the

focused next should come season to year on and forward through the dynamics certainly here ag and the we the So that that base. sort positive stay into is on continue as market we watch a themselves

David Silver

Okay.

hit on queue. aspect wondering about. was in get I'll I You right back the

Operator

Our next question comes from Vincent Stifel. Anderson of

Vincent Anderson

segue David real I think just I'll quick. off

could a seeing is so a how has last oximes pent-up level demand pretty amines, how those up those film has X, just coming if higher-value been back business, including bit of there relative looked? say, it little Or margin with recovery, your maybe you your in the Beyond things more stacking U.S. like products, agriculture been kind And mix start your and terms? and all your quarters, stable? trending, of broader buckets that's we nylon set X

Erin Kane

probably we've Most And by quite [ and our -- shared certainly a is we is about NATO when as downturn. product think stickier margins the that and into is impacted line, weak. have that high-purity which notably, application It's have differentiated lines solvents ] electronics. more product those been Yes. still

as that so forward. should we certainly, broader trends macro that recovery. a see lot support I think And there's of And that going

indicate, positive well headwind has been as on a Europe that oxime as be likewise, for that you see will TPO a of or blocks. As here through. in come the we And side coatings easy

so in And to immune macro that as haven't more And broad-based as products back we tailwind as will differentiated the the a come been considerations. broader recovery certainly, see well future. in the

Vincent Anderson

And quick helpful. of then U.S. That's amines. Okay. kind a one on

integrated if into the cost be just getting it contract on to still that I'm your I acetone? to possibility think And mentioned stand long -- that contract, bought be you we a to the your where it, closer you least in how swap closely first structure. makes get something time it like the had for sense but more with asset future favorable assets agreement at lasts. could curious at asset-owned when a being, looking a it

Erin Kane

Yes.

is Vincent, like think agreements I the way all are about and this, that to in easiest open. supply considerations options think here just our of all

flexibility with whatever play. relationships it and relationship into shutdowns, as in be, current given swaps this supplier, good a have the We can you space, co-producer may There is, the imagine, operations, partnership come works.

relative simple to our and so profitability company. the I we all able And options of drive decisions, the keep think to best open being growth to it's say, for

Vincent Anderson

a in driven to need of should ammonium in if of the And a markets for ahead maybe in it? where we little given was just to it this move to of year. turnaround sits inventory rebuild quarter Okay. the like sulfate export by in the schedule anticipate less third the have a that kind then year? participation any for coming to year, And more the compared back I'm time Fair typical bit curious enough.

Erin Kane

Yes.

subtle, moved So weeks. it's when X it, we about Vincent, it's

September because October, customer So about were do we -- were manage that that and like others. accommodations COX into there folks customers impact some we our when we think

up this of but shouldn't just matter thing a lining So AS modest significantly, change mix and it's really a it's just move.

Vincent Anderson

you. Got

commercial wanted nylon you basically sense. last Since your Okay. how then brought about something this how again, to you That to And can more just on at the is makes margins? recycled recycled If a you there. there have base be just just thinking to it's I a up think touch maybe you're one. strategy agreement much long-term is bit going demand nylon place into Or nimble based today? supply attractive nice for on

Erin Kane

verification as substantiation the steps will best them allow well and be to a I customers to think been it's significant, because their mix and in have probably certainly, commitments. have of I of quicker this a have of a Certainly, going as requests plastics and adopters those bit we chain. of selling there this industry our customers the have this was But targeted PLUS really is move PIR, those been interest that And have consumer-facing So their customers were that as to forward ] would requesting certainly, packaging forward. with and a as lot a well certification layer think, and some extent, PCR into not that in contracts. into we kind engineering ISCC [ that strong with

of go these the forward but products, in think I interest chain lot a lot of right So the through that work it's a to premiums. of earn step the has types to value

Vincent Anderson

an can producer. versus can just like think take -- explain one point from you works because only step AdvanSix back as we of a And you. virgin of how I view, nylon Got and PCR actually you PIR

not fits I'm how in. PCR sure but sense, makes PIR so entirely And

Erin Kane

materials right, in industrial back and consideration recirculation our through post our base, into the takes bring from The we asset looks. our PCR capturing certainly, So partners. plays and certification the by the

Vincent Anderson

lines? So basically own waste from their manufacturing

Erin Kane

a is a our back that system from this [indiscernible] that into of reincorporate Anything and customers. our lot Yes. recapture, downstream we

Vincent Anderson

That's very interesting.

chew quarter. back Okay. maybe on that we'll on next I'll it circle and

Operator

Go please. Our from ahead, Charles last of question comes Piper Sandler. Neivert

Charles Neivert

any but of had their could normal issues the seems they with sort in Dealers and over them so, destocking forward? at into that resume within quarters? pace see own a have this destocking of done commented inventories, should lot of then chain necessarily, run sales more last with destocking, a they it point? of issues guys going we and Did major sales. and of over we basically if most you going Are few have cadence dissipated them? not And was largely, that regular more forward, And the

Erin Kane

Yes.

again, mean, I a is, signals is here And we say, -- we I'd last would business of seeing chain variety think, expect. year. that things now is most would sense predominantly depending nylon, of view I we're of through certainly, saw on that demand that we we line probably which I value saw more what typical in think that sorted. Our And

as and sure with for where then in end the ag, would expectation well And through -- where materials outstanding low play, combination the materials that are strong intent But possible make of think, in which in And through. that likewise, of us as of I we we sulfur we consideration the inventories believe goal allows intermediates we're reset materials get our mostly until at kind because say and downstream pulled chemicals well. season, the ], to would done. well kind we're pulled of ag and the our other year as for with there is this I those really as you is a know, there, [ have as be

Charles Neivert

And I around the then last go whatever home sometimes. of in working missed on perils

Erin Kane

we X up I think parts some to had ensure tried there's have of your if But I best all clarify, help to that anything anything on. we question, tackled to need certainly I out. there's that reach issues. if connectivity might can but my we follow that Yes,

Operator

back like closing to remarks. over to This concludes conference turn for session. our question-and-answer would I Kane Erin the any

Erin Kane

and tailwinds morning. and to performance We and constructive earnings we the implemented time as cash we've flow quarter. our AdvanSix' commercial all into performance. and clarify your hope again in sustainable supportive this feel good for continued strategies our discussion this that about and We the that support the second you rebound and operational long-term anticipated are expectations for very head interest investments to call Thank

Stay speaking safe maximize I and again that, you this further great be to our look value With quarter. presents well. to year am forward confident to opportunity we next with shareholders. a

Operator

has The concluded. Thank conference today's now for presentation. you attending

You disconnect. may now

AdvanSix (ASIX) 3 May 242024 Q1 Earnings call transcript