- AdvanSix press release ( NYSE: ASIX ): Q4 Non-GAAP EPS of $1.27 misses by $0.29 .
- Revenue of $404.06M (-4.7% Y/Y) misses by $68.57M .
- Adjusted EBITDA of $66.6 million, an increase of $14.6 million versus the prior year.
- Adjusted EBITDA margin of 16.5%, up 420 bps versus the prior year.
- Cash Flow from Operations of $69.6 million, an increase of $36.3 million versus the prior year.
- Capital Expenditures of $28.4 million, an increase of $9.1 million versus the prior year.
- Free Cash Flow of $41.2 million, an increase of $27.2 million versus the prior year.
- Outlook: Expect Capital Expenditures of $110 million to $120 million in 2023, reflecting increased spend due to critical infrastructure, other maintenance, and growth and cost savings projects.
- Expect pre-tax income impact of planned plant turnarounds to be $28 million to $33 million in 2023 versus approximately $50 million in 2022.
For further details see:
AdvanSix reports Q4 earnings miss; initiates FY23 outlook