AdvanSix Inc. Q2 Profit Increases, But Misses Estimates

AdvanSix Inc. (ASIX) revealed earnings for its second quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $65.15 million, or $2.23 per share. This compares with $44.13 million, or $1.53 per share, in last year's second quarter.

Excluding items, AdvanSix Inc. reported adjusted earnings of $67.27 million or $2.30 per share for the period.

Analysts, on average, had expected the company to earn $2.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 33.4% to $583.73 million from $437.68 million last year.

The Board has declared a quarterly cash dividend of $0.145 per share, a 16 percent increase from the previous quarter's dividend. The dividend is payable on August 30, to stockholders of record on August 16.

AdvanSix Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $65.15M. vs. $44.13 Mln. last year.
-EPS (Q2): $2.23 vs. $1.53 last year.
-Analyst Estimate: $2.37
-Revenue (Q2): $583.73 Mln vs. $437.68 Mln last year.

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