AdvanSix Shares Fall After Lower 2Q Profit
Dow Jones2026/08/07 15:55By Grace Yoon
Shares of AdvanSix fell after the chemistry company reported lower second-quarter profit.
The stock was down 19% to $16.22 in recent trading, and fell 6.2% since the start of the year.
The company reported net income of $3.25 million, or 12 cents a share, compared with $31.4 million, or $1.15 a share, a year earlier.
Adjusted earnings per share were 19 cents compared with $1.24 a year earlier, driven by lower sales in Plant Nutrients and reduced production output.
Revenue rose 2.7% to $421.3 million due to favorable pricing, and partially offset by a decline in volume.
Chief Executive Erin Kane said the company continued to leverage formula and market-based precinct mechanisms to offset inflationary raw-material costs.
She said sales volume missed estimates due to a decline in ammonium sulfate as the spring planting season was challenged by farmer profitability.
Write to Grace Yoon at grace.yoon@wsj.com
(END) Dow Jones Newswires
August 07, 2026 11:55 ET (15:55 GMT)
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