Earnings release
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ADVANSix AdvanSix.com News Release ADVANSIX ANNOUNCES THIRD QUARTER 2021 FINANCIAL RESULTS Robust sales , earnings and cash flow - strong execution in dynamic environment Sales of $ 446 million , up 58 % versus prior year driven by price and volume improvement Earnings Per Share of $ 1.51 , up $ 1.53 versus prior year Cash Flow from Operations of $ 76 million , up $ 41 million versus prior year Parsippany , N.J. , October 29 , 2021 - AdvanSix ( NYSE : ASIX ) today announced its financial results for the third quarter ending September 30 , 2021. Overall , the Company generated robust sales , earnings and cash flow in the quarter reflecting strong execution amid improving end market demand and tight industry supply conditions . Third Quarter 2021 Summary Sales up approximately 58 % versus prior year driven by 28 % favorable impact of market - based pricing , 22 % higher raw material pass - through pricing and 8 % higher volume Net Income of $ 43.9 million , an increase of $ 44.6 million versus the prior year EBITDA of $ 75.2 million , an increase of $ 59.4 million versus the prior year EBITDA Margin of 16.8 % , an increase of 1120 bps versus the prior year Cash Flow from Operations of $ 76.5 million , an increase of $ 41.0 million versus the prior year Capital Expenditures of $ 13.0 million , a decrease of $ 3.0 million versus the prior year Free Cash Flow of $ 63.5 million , an increase of $ 43.9 million versus the prior year Announced the initiation of a $ 0.125 per share quarterly dividend payable November 23 , 2021 " We continued to execute well in the third quarter while supporting our customers to successfully navigate the current set of industry dynamics , " said Erin Kane , president and CEO of AdvanSix . " Our performance was supported by strong pricing and volume improvement including continued contributions from differentiated products amid favorable end market conditions and tight industry supply . Our earnings results were above the high - end of the outlook we provided at our September 28th Investor Day driven primarily by better - than - expected pricing , net of raw material costs , as well as the timing of ammonium sulfate sales . " Summary third quarter 2021 financial results for the Company are included below : 1