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Form 8-K

sec.gov

8-K — AdvanSix Inc.

Accession: 0001673985-26-000033

Filed: 2026-05-08

Period: 2026-05-08

CIK: 0001673985

SIC: 2821 (PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — asix-20260508.htm (Primary)

EX-99.1 (exhibit99q12026prearningsm.htm)

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8-K

8-K (Primary)

Filename: asix-20260508.htm · Sequence: 1

asix-20260508

0001673985false00016739852026-05-082026-05-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________

Form 8-K

_____________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 8, 2026

ADVANSIX INC.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction

of incorporation)

1-37774

(Commission File Number)

81-2525089

(I.R.S. Employer

Identification No.)

300 Kimball Drive, Suite 101

Parsippany, New Jersey 07054

(Address of principal executive offices)

Registrant’s telephone number, including area code: (973) 526-1800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.01 per share ASIX New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02    Results of Operations and Financial Condition.

On May 8, 2026, AdvanSix Inc. (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.

ITEM 8.01    Other Events.

Dividend

On May 8, 2026, the Company announced that its Board of Directors declared a cash dividend of $0.16 per share on the Company's common stock. The dividend will be paid on June 2, 2026 to stockholders of record as of the close of business on May 19, 2026.

The Company's announcement of the dividend is included in the press release furnished herewith as Exhibit 99.1.

ITEM 9.01     Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release dated May 8, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 8, 2026

AdvanSix Inc.

By: /s/ Achilles B. Kintiroglou

Name: Achilles B. Kintiroglou

Title:

Senior Vice President, General

Counsel and Corporate Secretary

EX-99.1

EX-99.1

Filename: exhibit99q12026prearningsm.htm · Sequence: 2

Document

Exhibit 99.1

News Release

ADVANSIX ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS

1Q26 Sales of $404 million, up 7% versus prior year

1Q26 Earnings Per Share of ($0.58); Adjusted Earnings Per Share of ($0.50)

1Q26 Cash Flow from Operations of ($15) million

Evaluating Expansion of Integrated Ammonia Platform to Meet Growing Regional Demand for Diesel Exhaust Fluid (DEF)

Appointed Patrick Day as SVP and CFO, effective April 27th

Parsippany, N.J., May 8, 2026 - AdvanSix (NYSE: ASIX), a vertically integrated chemistry company serving diverse end markets, today announced its financial results for the first quarter ending March 31, 2026. Overall, the Company navigated a dynamic market environment while progressing on key growth, cost savings and strategic initiatives.

First Quarter 2026 Summary

"The AdvanSix team delivered a solid first quarter performance consistent with our expectations while navigating a number of headwinds, including the early quarter winter storm-related impacts and new geopolitical challenges amid continued subdued industrial end market demand,” said Erin Kane, president and CEO of AdvanSix. "We generated 7% sales growth year-over-year, supported by improvements in Chemical Intermediates volume and Plant Nutrients market pricing, partially offsetting the margin impacts driven by increased sulfur and natural gas costs. We remain well positioned to serve our customers across our diversified portfolio including fertilizer as the domestic planting season progresses, in chemical intermediates amid a tightening acetone global supply and demand environment, and across a modestly recovering nylon industry supporting expected meaningful sequential performance improvement into the second quarter."

Summary first quarter 2026 financial results for the Company are included below:

1

($ in Thousands, Except Earnings Per Share)

1Q 2026

1Q 2025 (1)

Sales $404,183 $377,791

Net Income (loss) (15,546) 23,344

Diluted Earnings Per Share (0.58) 0.86

Adjusted Diluted Earnings Per Share (2)

(0.50) 0.93

Adjusted EBITDA (2)

4,756 51,626

Adjusted EBITDA Margin % (2)

1.2% 13.7%

Cash Flow from Operations (15,332) 11,443

Capital Expenditures 35,936 34,062

Free Cash Flow (2)(3)

(51,268) (22,619)

(1) 1Q 2025 includes ~$26 million pre-tax income benefit from insurance proceeds reflected in Cost of Goods Sold

(2) See “Non-GAAP Measures” included in this press release for non-GAAP reconciliations

(3) Net cash provided by operating activities less capital expenditures

Sales of $404 million in the quarter increased approximately 7% versus the prior year comprised of 6% volume growth and 1% favorable price. Sales volume growth was primarily driven by favorable Chemical Intermediates sales. Market-based pricing improved by 3% primarily driven by an increase in Plant Nutrients reflecting higher nitrogen pricing amid increased sulfur input costs. Raw material pass-through pricing was down 2% following a net cost decrease in benzene and propylene (inputs to cumene which is a key feedstock to our products).

Sales by product line and approximate percentage of total sales are included below:

($ in Thousands) 1Q 2026 1Q 2025

Sales % of Total Sales % of Total

Nylon $ 88,467  22% $ 88,369  23%

Caprolactam 67,768  17% 67,432  18%

Plant Nutrients 140,635  35% 128,240  34%

Chemical Intermediates 107,313  26% 93,750  25%

Total $ 404,183  100% $ 377,791  100%

Adjusted EBITDA of $4.8 million in the quarter decreased $46.9 million versus the prior year primarily driven by the absence of $26 million of prior year insurance proceeds, the unfavorable impact of higher sulfur and natural gas raw material prices, and higher plant costs primarily driven by utilities costs and $11 million of winter storm impact.

Adjusted earnings per share of ($0.50) decreased $1.43 versus the prior year driven primarily by the factors discussed above.

Cash flow from operations of ($15.3) million in the quarter decreased $26.8 million versus the prior year

2

primarily due to lower net income including the impact of insurance proceeds, partially offset by net changes in working capital. Capital expenditures of $35.9 million in the quarter increased $1.9 million versus the prior year, as expected.

Outlook

•Anticipate balanced U.S. ammonium sulfate supply and demand fundamentals in heart of domestic planting season amid meaningfully higher sulfur input costs

•Acetone spread over propylene costs expected to hold near cycle averages for the full year 2026

•Continue to optimize Nylon Solutions production output, inventories and sales volume mix in extended soft industrial end market environment

•Continue to expect Capital Expenditures of $75 to $95 million in 2026 versus approximately $116 million in 2025, reflecting risk-based prioritization of base investments and enterprise programs with continued progression of growth programs including SUSTAIN

•Now expect pre-tax income impact of plant turnarounds to be $17 to $22 million in 2026 versus approximately $25 million in 2025

•Expect cash flow benefit in 2026 and beyond from 45Q carbon capture tax credits and 100% bonus depreciation

Integrated Ammonia Platform - Diesel Exhaust Fluid (DEF) Growth Project

AdvanSix announced yesterday it has entered into a process design and licensing agreement to assess expansion of its integrated ammonia platform at its Hopewell, Virginia site to supply the growing DEF market. Leveraging its integrated ammonia operations, manufacturing capabilities of required feedstocks and advantaged geographic location, the Company is well positioned to provide reliable, domestic supply into a high‑demand regional market, with no expected impact to ammonium sulfate fertilizer production. The Company is progressing through Front End Engineering and Design (FEED) work with a final investment decision targeted for the first half of 2027. The Company anticipates a multi-year capital investment supporting attractive financial returns, which align with the Company's long-term value creation objectives, following expected operational start up in 2029.

"Our strategic initiatives, unique combination of assets and business model are core to our durable competitive advantage and long-term positioning. Our global low-cost position in vertically integrated caprolactam production serves us well. In addition, ammonia and sulfuric acid platform integration coupled with a leading granular crystallization technology position underpins how we win in Plant Nutrients. We are progressing our SUSTAIN ammonium sulfate growth program and have now announced another high-return growth opportunity to further expand through our core assets to serve the growing DEF market. These capabilities, combined with our asset utilization agility and diversified product and end market mix, position us to navigate cycles and capitalize on emerging opportunities. We remain focused on delivering on controllable levers including our non-manpower fixed cost savings program, risk-based prioritization of our capital investments and carbon capture tax credits to support through-cycle profitability and improved cash flow generation,” concluded Kane.

3

Dividend

The Company's Board of Directors declared a quarterly cash dividend of $0.16 per share on the Company's common stock. The dividend is payable on June 2, 2026 to stockholders of record as of the close of business on May 19, 2026.

Conference Call Information

AdvanSix will discuss its results during its investor conference call today starting at 9:30 a.m. ET. To participate on the conference call, dial (844) 855-9494 (domestic) or (412) 858-4602 (international) approximately 10 minutes before the 9:30 a.m. ET start, and tell the operator that you are dialing in for AdvanSix’s first quarter 2026 earnings call. The live webcast of the investor call as well as related presentation materials can be accessed at http://investors.advansix.com. Investors can hear a replay of the conference call from 12 noon ET on May 8 until 12 noon ET on May 15 by dialing (855) 669-9658 (domestic) or (412) 317-0088 (international). The access code is 2291728.

About AdvanSix

AdvanSix is a vertically integrated chemistry company that produces essential materials for our customers across diverse end markets. Our value chain of our five U.S.-based manufacturing facilities plays a critical role in global supply chains and enables us to innovate and deliver essential products for our customers across building and construction, fertilizers, agrochemicals, plastics, solvents, packaging, paints, coatings, adhesives, electronics and other end markets. Guided by our core values of Safety, Integrity, Accountability and Respect, AdvanSix strives to deliver best-in-class customer experiences and differentiated products in the industries of nylon solutions, plant nutrients, and chemical intermediates. More information on AdvanSix can be found at http://www.advansix.com.

Forward Looking Statements

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," “outlook,” "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally; the potential effects of inflationary pressures, tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, or threats of such actions, changes in interest rates, labor market shortages and supply chain issues; instability or volatility in financial markets or other unfavorable economic or business conditions caused by geopolitical concerns, including as a result of new or proposed legislation or regulatory, trade or other policies in or impacting the U.S., the conflict between Russia and Ukraine, the conflicts in Israel, Gaza and Iran, and related uncertainty in the surrounding region, and the possible expansion of such conflicts; the effect of any of the foregoing on our customers’ demand for our products and our suppliers’ ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services; the ability of our customers to pay for our products; any closures of our and our customers’ offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks, data privacy incidents and disruptions to our technology infrastructure; risks associated with potential use of artificial intelligence in our operations or those of third party service providers; risks associated with operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost, or at all, due to economic conditions or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters, pandemics, geopolitical conflicts and related events; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with

4

chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; failure to maintain effective internal controls; our ability to declare and pay quarterly cash dividends and the amounts and timing of any future dividends; our ability to repurchase our common stock and the amount and timing of any future repurchases; disruptions in supply chain, transportation and logistics; potential for uncertainty regarding qualification for tax treatment of our spin-off; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ materially from those contemplated by such forward-looking statements as a result of a number of risks, uncertainties and other factors including those noted above and those identified in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, as updated in subsequent reports filed with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. We do not undertake to update or revise any of our forward-looking statements.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures intended to supplement, not to act as substitutes for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in this press release. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. Non-GAAP measures in this press release may be calculated in a way that is not comparable to similarly-titled measures reported by other companies.

# # #

Contacts:

Media Investors

Janeen Lawlor Adam Kressel

(973) 526-1615 (973) 526-1700

janeen.lawlor@advansix.com adam.kressel@advansix.com

5

AdvanSix Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(Dollars in thousands, except share and per share amounts)

March 31, 2026 December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 17,574  $ 19,766

Accounts and other receivables – net 207,607  154,102

Inventories – net 201,358  236,495

Taxes receivable 22,092  21,605

Other current assets 5,360  8,639

Total current assets 453,991  440,607

Property, plant and equipment – net 965,087  963,718

Operating lease right-of-use assets 155,044  164,494

Goodwill 56,192  56,192

Intangible assets 39,333  40,095

Other assets 41,106  41,042

Total assets $ 1,710,753  $ 1,706,148

LIABILITIES

Current liabilities:

Accounts payable $ 284,334  $ 284,016

Accrued liabilities 30,546  45,945

Income taxes payable 579  1,100

Operating lease liabilities – short-term 43,670  44,354

Deferred income and customer advances 11,303  14,536

Total current liabilities 370,432  389,951

Deferred income taxes 150,641  154,061

Operating lease liabilities – long-term 112,690  121,201

Line of credit – long-term 270,000  215,000

Other liabilities 10,701  10,719

Total liabilities 914,464  890,932

STOCKHOLDERS' EQUITY

Common stock, par value $0.01; 200,000,000 shares authorized; 33,345,325 shares issued and 26,959,036 outstanding at March 31, 2026; 33,177,824 shares issued and 26,864,035 outstanding at December 31, 2025

334  332

Preferred stock, par value $0.01; 50,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2026 and December 31, 2025

—  —

Treasury stock at par (6,386,289 shares at March 31, 2026; 6,313,789 shares at December 31, 2025)

(64) (63)

Additional paid-in capital 144,066  142,932

Retained earnings 642,949  663,019

Accumulated other comprehensive income 9,004  8,996

Total stockholders' equity 796,289  815,216

Total liabilities and stockholders' equity $ 1,710,753  $ 1,706,148

6

AdvanSix Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

(Dollars in thousands, except share and per share amounts)

Three Months Ended

March 31,

2026 2025

Sales $ 404,183  $ 377,791

Costs, expenses and other:

Cost of goods sold 400,381  324,320

Selling, general and administrative expenses 22,518  23,409

Interest expense, net 2,430  1,541

Other non-operating income, net (469) (408)

Total costs, expenses and other 424,860  348,862

Income (loss) before taxes (20,677) 28,929

Income tax expense (benefit) (5,131) 5,585

Net income (loss) $ (15,546) $ 23,344

Earnings per common share

Basic $ (0.58) $ 0.87

Diluted $ (0.58) $ 0.86

Weighted average common shares outstanding

Basic 26,980,742  26,838,146

Diluted 26,980,742  27,289,144

7

AdvanSix Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(Dollars in thousands)

Three Months Ended

March 31,

2026 2025

Cash flows from operating activities:

Net income (loss) $ (15,546) $ 23,344

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 20,958  19,178

(Gain) loss on disposal of assets 4  (210)

Deferred income taxes (3,420) 4,054

Stock-based compensation 2,045  1,978

Amortization of deferred financing fees 123  155

Changes in assets and liabilities, net of business acquisitions:

Accounts and other receivables (53,497) (33,652)

Inventories 35,137  (10,471)

Taxes receivable (487) 448

Accounts payable 16,162  19,362

Income taxes payable (521) 1,543

Accrued liabilities (15,163) (4,949)

Deferred income and customer advances (3,233) (10,956)

Other assets and liabilities 2,106  1,619

Net cash provided by (used for) operating activities (15,332) 11,443

Cash flows from investing activities:

Expenditures for property, plant and equipment (35,936) (34,062)

Other investing activities (227) (2,732)

Net cash used for investing activities (36,163) (36,794)

Cash flows from financing activities:

Borrowings from line of credit 139,500  118,500

Repayments of line of credit (84,500) (98,500)

Principal payments of finance leases (263) (247)

Dividend payments (4,313) (4,290)

Purchase of treasury stock (1,275) (1,486)

Issuance of common stock 154  154

Net cash used for financing activities 49,303  14,131

Net change in cash and cash equivalents (2,192) (11,220)

Cash and cash equivalents at beginning of period 19,766  19,564

Cash and cash equivalents at the end of period $ 17,574  $ 8,344

Supplemental non-cash investing activities:

Capital expenditures included in accounts payable $ 11,006  $ 14,605

8

AdvanSix Inc.

Non-GAAP Measures

(Dollars in thousands, except share and per share amounts)

Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow

Three Months Ended

March 31,

2026 2025

Net cash provided by (used for) operating activities $ (15,332) $ 11,443

Expenditures for property, plant and equipment (35,936) (34,062)

Free cash flow (1)

$ (51,268) $ (22,619)

(1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment.

The Company believes that this metric is useful to investors and management as a measure to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity.

Reconciliation of Net Income to Adjusted EBITDA and Earnings Per Share to Adjusted Earnings Per Share

Three Months Ended

March 31,

2026 2025

Net income (loss) $ (15,546) $ 23,344

Non-cash stock-based compensation 2,045  1,978

Non-recurring, unusual or extraordinary expense —  —

Non-cash amortization from acquisitions 532  532

Strategic advisory and professional fees —  —

Income tax benefit relating to reconciling items (440) (430)

Adjusted Net income (loss) (non-GAAP) (13,409) 25,424

Interest expense, net 2,430  1,541

Income tax expense (benefit) - Adjusted (4,691) 6,015

Depreciation and amortization - Adjusted 20,426  18,646

Adjusted EBITDA (non-GAAP) $ 4,756  $ 51,626

Sales $ 404,183  $ 377,791

Adjusted EBITDA Margin (non-GAAP) (2)

1.2% 13.7%

(2) Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by Sales

9

Three Months Ended

March 31,

2026 2025

Net income (loss) $ (15,546) $ 23,344

Adjusted Net income (non-GAAP) (13,409) 25,424

Weighted-average number of common shares outstanding - basic 26,980,742  26,838,146

Dilutive effect of equity awards and other stock-based holdings —  450,998

Weighted-average number of common shares outstanding - diluted 26,980,742  27,289,144

EPS - Basic $ (0.58) $ 0.87

EPS - Diluted $ (0.58) $ 0.86

Adjusted EPS - Basic (non-GAAP) $ (0.50) $ 0.95

Adjusted EPS - Diluted (non-GAAP) $ (0.50) $ 0.93

The Company believes the non-GAAP financial measures presented in this release provide meaningful supplemental information as they are used by the Company’s management to evaluate the Company’s operating performance, enhance a reader’s understanding of the financial performance of the Company, and facilitate a better comparison among fiscal periods and performance relative to its competitors, as these non-GAAP measures exclude items that are not considered core to the Company’s operations.

10

AdvanSix Inc.

Appendix

(Pre-tax income impact, Dollars in millions)

Planned Plant Turnaround Schedule (3)

1Q 2Q 3Q 4Q FY

Primary Unit Operation

2017 — ~$10 ~$4 ~$20 ~$34 Sulfuric Acid

2018 ~$2 ~$10 ~$30 — ~$42 Ammonia

2019 — ~$5 ~$5 ~$25 ~$35 Sulfuric Acid

2020 ~$2 ~$7 ~$20 ~$2 ~$31 Ammonia

2021 ~$3 ~$8 — ~$18 ~$29 Sulfuric Acid

2022 ~$1 ~$5

~$44(4)

— ~$50 Ammonia

2023 ~$2 ~$1 ~$27 — ~$30 Sulfuric Acid

2024 ~$5 ~$3 ~$3

~$47(5)

~$58 Ammonia

2025 ~$5 ~$6 — ~$14 ~$25 Sulfuric Acid

2026E — $10-$15 — ~$7 $17-$22 Ammonia

(3) Primarily reflects the impact of fixed cost absorption, maintenance expense, and the purchase of feedstocks which are normally manufactured by the Company.

(4) During the multi-site planned plant turnaround, additional required maintenance at our Frankford phenol plant contributed to reduced production across our integrated value chain and a delayed ramp to full operating rates at our Hopewell and Chesterfield sites, resulting in an incremental $15 million unfavorable impact to pre-tax income, which is reflected in this amount and is inclusive of fixed cost absorption, higher maintenance expense and lost sales.

(5) During the multi-site planned plant turnaround, additional required maintenance at our Hopewell plant contributed to reduced production across our integrated value chain and a delayed ramp to full operating rates, resulting in an incremental approximately $17 million unfavorable impact to pre-tax income, which is reflected in this amount and is inclusive of fixed cost absorption, higher maintenance expense, and lost sales.

11

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Address Line 1 such as Attn, Building Name, Street Name

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Address Line 2 such as Street or Suite number

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Indicate if registrant meets the emerging growth company criteria.

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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