AdvanSix Inc. is an integrated manufacturer of polymer resins, chemical intermediates, and fertilizers, operating primarily in the United States. The company is a leading North American producer of Nylon 6, a synthetic material used in engineered plastics, fibers, and packaging films. Spun off from Honeywell in 2016, AdvanSix is distinctive for its vertically integrated manufacturing process that captures margin across multiple stages of chemical production.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,522,233
1,517,557
1,533,599
1,945,640
Cost of Sales
1,357,293
1,364,621
1,368,511
1,631,161
Gross Profit
164,940
152,936
165,088
314,479
Selling, General & Administrative Expenses
104,750
94,023
95,538
87,748
Operating Profit
60,190
58,913
69,550
226,731
Interest Expense
(8,481)
(11,311)
(7,485)
(2,781)
Non-Operating Income
2,722
(2,027)
7,158
1,841
Total Non-Operating Income
(5,759)
(13,338)
(327)
(940)
Income Before Provision for Income Taxes
54,431
45,575
69,223
225,791
Provision for Income Taxes
5,145
1,426
14,600
53,905
Consolidated Net Income
49,286
44,149
54,623
171,886
Net Income Attributable to Common Shareholders
49,286
44,149
54,623
171,886
Basic EPS
1.83
1.65
2.00
6.15
Diluted EPS
1.80
1.62
1.95
5.92
Basic Weighted Average Shares Outstanding
26,901
26,828
27,302
27,969
Diluted Weighted Average Shares Outstanding
27,327
27,255
28,008
29,031
Shares Outstanding
26,864
26,737
26,750
27,447
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
19,766
19,564
29,768
30,985
Total Cash and Cash Equivalents
19,766
19,564
29,768
30,985
Accounts Receivable
154,102
145,673
165,393
175,429
Other Receivables
21,605
503
1,434
9,771
Total Trade Receivables
175,707
146,176
166,827
185,200
Inventories
236,495
212,386
211,831
215,502
Other Current Assets
8,639
8,990
11,378
9,241
Total Current Assets
440,607
387,116
419,804
440,928
Net Property, Plant & Equipment
1,128,212
1,071,296
948,447
925,753
Net Intangible Assets
40,095
43,144
46,193
49,242
Goodwill
56,192
56,192
56,192
56,192
Other Long-Term Assets
41,042
37,172
25,384
23,216
Total Assets
1,706,148
1,594,920
1,496,020
1,495,331
Accounts Payable
284,016
228,761
259,068
272,740
Accrued Expenses
45,945
47,264
44,086
48,820
Current Portion of Leases
44,354
42,493
32,053
37,472
Unearned Revenue
14,536
37,538
15,678
34,430
Other Current Liabilities
1,100
1,047
8,033
30
Total Current Liabilities
389,951
357,103
358,918
393,492
Long-Term Debt
215,000
195,000
170,000
115,000
Leases
121,201
111,400
63,961
77,571
Other Long-Term Liabilities
164,780
156,767
163,904
171,088
Total Long-Term Liabilities
500,981
463,167
397,865
363,659
Total Liabilities
890,932
820,270
756,783
757,151
Common Stock
332
330
326
320
Treasury Stock
(63)
(63)
(58)
(45)
Additional Paid-in Capital
142,932
136,872
138,046
174,585
Accumulated Other Comprehensive Income
8,996
5,970
(4,144)
(4,197)
Retained Earnings
663,019
631,541
605,067
567,517
Total Common Shareholders' Equity
815,216
774,650
739,237
738,180
Total Shareholders' Equity
815,216
774,650
739,237
738,180
Total Liabilities and Shareholders' Equity
1,706,148
1,594,920
1,496,020
1,495,331
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
49,286
44,149
54,623
171,886
Depreciation & Amortization
79,740
76,176
73,010
69,353
Share-Based Compensation Expense
6,821
7,854
8,313
10,279
Other Adjustments
8,337
(6,400)
(11,920)
18,367
Changes in Trade Receivables
(8,395)
18,411
21,489
17,842
Changes in Inventories
(24,109)
(555)
3,286
(57,043)
Changes in Accounts Payable
52,866
(30,610)
(20,756)
55,863
Changes in Accrued Expenses
(808)
2,426
(5,569)
(3,122)
Changes in Income Taxes Payable
(21,049)
(6,055)
16,340
(18,517)
Changes in Unearned Revenue
(23,002)
21,860
(18,752)
31,681
Changes in Other Operating Activities
3,176
8,157
(2,514)
(22,988)
Cash from Operating Activities
122,863
135,413
117,550
273,601
Capital Expenditure
(116,445)
(133,722)
(107,377)
(89,449)
Payments for Business Acquisitions
—
—
—
(97,456)
Other Investing Activities
(6,169)
(9,180)
(3,520)
(2,368)
Cash from Investing Activities
(122,614)
(142,902)
(110,897)
(189,273)
Issuance of Short-Term Debt
370,500
406,000
437,000
434,500
Repayments of Short-Term Debt
(350,500)
(381,000)
(382,000)
(454,500)
Net Issuance / (Repayments) of Short-Term Debt
20,000
25,000
55,000
(20,000)
Issuance of Common Shares
267
859
876
1,304
Repurchases of Common Shares
(1,658)
(10,428)
(46,151)
(33,748)
Net Issuance / (Repurchases) of Common Shares
(1,391)
(9,569)
(45,275)
(32,444)
Common Share Dividends Paid
(17,176)
(17,135)
(16,657)
(15,073)
Other Financing Activities
(1,480)
(1,011)
(938)
(926)
Cash from Financing Activities
(47)
(2,715)
(7,870)
(68,443)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash