AdvanSix Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

AdvanSix (NYSE:ASIX) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.52b (down 1.0% from FY 2023).
• Net income: US$44.1m (down 19% from FY 2023).
• Profit margin: 2.9% (down from 3.6% in FY 2023).
• EPS: US$1.65 (down from US$2.00 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AdvanSix EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 35%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$1.30b (86% of total revenue). Notably, cost of sales worth US$1.36b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$94.0m (86% of total expenses). Explore how ASIX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - AdvanSix has 1 warning sign we think you should be aware of.

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