AdvanSix’s Q1 sales rose 7% to $404 million
AdvanSix’s Q1 sales increased 7% to $404 million, driven by stronger chemical intermediates volumes and better plant nutrients pricing.
The company’s adjusted EBITDA fell sharply to $5 million due to higher sulfur and natural gas costs, winter storm disruptions, and the loss of prior-year insurance proceeds.
Management expects a meaningful improvement in Q2, with the company aiming to recover more raw material costs during the domestic planting season and benefit from seasonal fertilizer demand.
AdvanSix maintained its full-year capex outlook at $75 million to $95 million and still expects leverage near the low end of its target range by year-end.