AdvanSix Announces Fourth Quarter and Full Year 2025 Financial Results

Core Viewpoint - AdvanSix reported a strong financial performance for the fourth quarter and full year of 2025, with a focus on operational optimization and navigating challenging market conditions, leading to improved cash flow and strategic initiatives for future growth [1][2]. Full Year 2025 Summary - Total sales reached $1.522 billion, a slight increase from $1.518 billion in 2024 - Net income was $49.286 million, up from $44.149 million in the previous year - Diluted earnings per share increased to $1.80 from $1.62 - Adjusted EBITDA rose to $156.798 million, with an adjusted EBITDA margin of 10.3%, compared to 9.4% in 2024 - Cash flow from operations was $122.863 million, down from $135.413 million in 2024 - Capital expenditures totaled $116.445 million, compared to $133.722 million in 2024 [1][3]. Fourth Quarter 2025 Summary - Sales for Q4 2025 were $359.947 million, a 9% increase from $329.063 million in Q4 2024 - The company reported a net loss of $2.791 million, compared to a profit of $0.352 million in the same quarter last year - Diluted earnings per share were $(0.10), down from $0.01 in Q4 2024 - Adjusted EBITDA for the quarter was $24.763 million, significantly up from $10.219 million in Q4 2024, with an adjusted EBITDA margin of 6.9% compared to 3.1% in the prior year - Cash flow from operations was $63.722 million, slightly down from $64.165 million in Q4 2024 - Capital expenditures were $27.596 million, down from $34.349 million in the previous year [1][3]. Sales by Product Line - For FY 2025: - Nylon sales were $309.678 million (20% of total sales), down from $348.501 million (23%) - Caprolactam sales were $271.370 million (18%), slightly down from $276.303 million (18%) - Plant Nutrients sales increased to $563.688 million (37%), up from $458.152 million (30%) - Chemical Intermediates sales were $377.497 million (25%), down from $434.601 million (29%) [1][3]. Outlook for 2026 - Expected cash flow benefits from 45Q carbon capture tax credits and 100% bonus depreciation - Anticipated pre-tax income impact from plant turnarounds to be $20 to $25 million in 2026 - Projected capital expenditures for 2026 are estimated to be between $75 million and $95 million, reflecting a risk-based prioritization of investments - The company aims to navigate an extended trough in the nylon cycle while focusing on optimizing performance and productivity [1][2]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.16 per share, payable on March 23, 2026, to stockholders of record as of March 9, 2026 [2].