AdvanSix: Q1 Earnings Snapshot

By AAMER MADHANI

May 06, 2022

PARSIPPANY, N.J. (AP) _ AdvanSix Inc. (ASIX) on Friday reported first-quarter profit of $63.1 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $2.15.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The polymer resins producer posted revenue of $479.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $481.8 million.

AdvanSix shares have decreased slightly since the beginning of the year. The stock has increased 44% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASIX at https://www.zacks.com/ap/ASIX

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