AdvanSix, Inc. (NYSE:ASIX) Q3 2023 Earnings Conference Call November 3, 2023 9:00 AM ET

Company Participants

Adam Kressel - Director, IR

Erin Kane - CEO, President & Director

Michael Preston - CFO & SVP

Conference Call Participants

Vincent Anderson - Stifel, Nicolaus & Company

David Silver - CL King & Associates

Charles Neivert - Piper Sandler & Co.

Operator

Good morning, and welcome to the AdvanSix Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would like now to turn the conference over to Mr. Adam Kressel, VP of Investor Relations and Treasurer. Please go ahead.

Adam Kressel

Thank you, Alan. Good morning, and welcome to AdvanSix's Third Quarter 2023 Earnings Conference Call. With me here today are President and CEO, Erin Kane; and Senior Vice President and CFO, Michael Preston. This call and webcast, including any non-GAAP reconciliations, are available on our website at investors.advansix.com.

Note that elements of this presentation contain forward-looking statements that are based on our best view of the world and of our business as we see it today. Those elements can change, and the actual results could differ materially from those projected, and we ask that you consider them in that light. We refer you to the forward-looking statements included in our press release and earnings presentation.

In addition, we identify the principal risks and uncertainties that affect our performance in our SEC filings, including our annual report on Form 10-K as further updated in subsequent filings with the SEC.

This morning, we'll review our financial results for the third quarter of 2023 and share our outlook for our key product lines and end-markets. Finally, we'll leave time for your questions at the end. So with that, I'll turn the call over to AdvanSix's President and CEO, Erin Kane.

Erin Kane

Thanks, Adam, and good morning, everyone. Thank you for joining us and for your continued interest in AdvanSix. As you saw in our press release, AdvanSix navigated continued challenging market conditions in Nylon solutions in the third quarter while executing our larger planned multi-site turnaround for the year as expected. These factors overshadowed resilient performance within our acetone portfolio and solid results from our Plant Nutrients business in the seasonally slowest quarter of the year and amid lower nitrogen nutrient values and raw material input costs.

The nylon environment has been pressured by unfavorable global industry supply and demand conditions for several quarters now and has approached trough industry spreads. In a global macro environment like this, our advantaged integrated business model, efficiency and diversification serve us well.