AdvanSix Projects $140M-$160M In 2025 Capital Expenditures And Anticipates $25M-$30M Pre-Tax Impact From Plant Turnarounds

Benzinga
21 Feb

Outlook

  • Strong sulfur nutrition demand and tight North American ammonium sulfate supply expected to support sulfur premiums at or near high end of historical range; Anticipated higher raw material prices impacting fertilizer margins
  • Balanced global acetone supply and demand conditions expected to support industry spreads above cycle averages
  • Expect slower recovery off the trough for North American nylon industry conditions amid stable end market demand and increased domestic competitive pressure
  • Expect Capital Expenditures of $140 to $160 million in 2025, reflecting the planned progression of growth projects including our SUSTAIN (Sustainable U.S. Sulfate to Accelerate Increased Nutrition) program, and refined execution timing to address critical enterprise risk mitigation
  • Expect pre-tax income impact of plant turnarounds to be $25 to $30 million in 2025 versus approximately $58 million in 2024
  • Final omnibus settlement of approximately $26 million in 1Q25 related to PES supplier shutdown; Total of approximately $39 million aggregated insurance proceeds since 2019 event

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