AdvanSix Provides Update on Plant Production Rates

Core Insights - AdvanSix has experienced a process-based operational disruption at its Frankford, Pennsylvania manufacturing site, leading to reduced production of phenol and acetone at multiple facilities [1] - The company is focused on safely returning operations to target rates and is collaborating with customers to mitigate the impact of reduced output [1] - An estimated unfavorable impact of $18 to$23 million on pre-tax income is expected in the first quarter of 2024 due to fixed cost absorption, lost sales, and additional costs for replacement products [1] Financial Performance - The unplanned interruption did not materially affect the fourth quarter 2023 results [2] - A conference call is scheduled for February 16th at 9:00 a.m. ET to discuss the fourth quarter and full year 2023 financial results and outlook [2] Company Overview - AdvanSix is a diversified chemistry company producing essential materials for various end markets, including building and construction, fertilizers, agrochemicals, and more [3] - The company operates five U.S.-based manufacturing facilities, which are integral to global supply chains [3] - AdvanSix emphasizes core values of Safety, Integrity, Accountability, and Respect in delivering customer experiences and differentiated products [3]