AdvanSix Reports Q3 Loss, Stock Plummets

AdvanSix Incorporated, a polymer resin manufacturer, reported a Q3 loss of $2.6 million, a stark contrast to last years profit. Despite the net loss, adjusted earnings stood at $0.08 per share, providing a clearer view of their core business. Total revenue for the quarter was $374.5 million. However, the companys stock has plummeted by 36% this year and 43% over the past year, indicating a challenging market period.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.