AdvanSix Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
AdvanSix (NYSE:ASIX) reported Q1 earnings of $34.95 million, a 3.96% increase from Q4, while sales dropped 0.87% to $400.54 million. The company posted a return on capital employed (ROCE) of 0.05%, indicating effective capital allocation. Q1 earnings per share were $1.3, beating analyst predictions of $1.0.
May 19, 2023 | 2:54 pm
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AdvanSix's Q1 earnings increased 3.96% to $34.95 million, with sales dropping 0.87% to $400.54 million. The company's ROCE of 0.05% indicates effective capital allocation, and its EPS of $1.3 beat analyst predictions.
AdvanSix's Q1 earnings increased, and its ROCE indicates effective capital allocation, which is a positive sign for the company's future growth. The higher-than-expected EPS also suggests that the company is performing well, which could lead to a positive short-term impact on its stock price.
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RELEVANCE 100