AdvanSix Q2 2024 Adj. EPS $1.55 Beats $1.20 Estimate, Sales $453.479M Beat $426.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
AdvanSix (NYSE:ASIX) reported strong Q2 2024 earnings, with an adjusted EPS of $1.55 beating the $1.20 estimate and sales of $453.479 million surpassing the $426.800 million estimate. This represents a 24% increase in EPS and a 5.97% increase in sales compared to the same period last year.
August 02, 2024 | 10:32 am
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AdvanSix reported Q2 2024 earnings of $1.55 per share, beating the $1.20 estimate by 29.17%. Sales were $453.479 million, surpassing the $426.800 million estimate by 6.25%. This strong performance indicates positive momentum for the company.
The significant beat on both EPS and sales estimates, along with year-over-year growth, suggests strong operational performance and positive investor sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100