The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kevin Holder - C. L. King & Associates Inc. - Analyst
: This is Kevin Holder, on for David. My first topic would be on your fertilizer business. I was wondering if we could get a bit more color on how that
business performed over the summer. Could you first discuss the factors that led to your success on your most recent fall fill program, despite the
less than robust farm income and crop price outlook?
And then secondly, how would you characterize your fertilizer demand in your Southern Hemisphere markets? Thank you.
Question: Kevin Holder - C. L. King & Associates Inc. - Analyst
: Great. Thank you, Erin. That's very helpful. My next question is directed towards Sidd. Congratulations on your appointment. In the press release
when you were announced as CFO, you stated, I'm looking forward to joining the AdvanSix leadership team to drive accelerated profitable growth
in support of the company's long-term sustainable performance. What do you envision your strategies will be to drive that accelerated profitable
growth? Thank you.
Question: Kevin Holder - C. L. King & Associates Inc. - Analyst
: Thank you, Sidd. Yeah, we're looking forward to meeting you as well. That's all my questions. Thank you, guys, for the color. Appreciate it.
Question: Charles Neivert - Piper Sandler & Co. - Analyst
: A couple questions. One, you said your order book was basically billed on ammonium sulfate to end of year. In looking at that, again, that's always
associated with the amount of caprolactam, so if you're sort of ordered out, does that mean that caprolactam is going to also be running very hard
through the rest of the year in order to make sure that supply is available? Or we shouldn't necessarily make that conclusion?
Question: Charles Neivert - Piper Sandler & Co. - Analyst
: Okay. Another question, on the acetone front, I know a lot of your acetone sales are based on the cost, and any movement in the cost will just move
the pricing, but in terms of the margin over propylene in this case, on the stuff that's not tied directly to the cost structure, are you seeing an
improving margin in that business because, again, it's a bit tight because of the phenol issues?
Question: Charles Neivert - Piper Sandler & Co. - Analyst
: And then lastly on -- China has been exporting a lot of ammonium sulfate. And I know in the near term, during the spring and fall, you're really
more focused on US deliveries. But now as you move into the Latin American market, are you finding any significant amounts of Chinese product
down there? Anything that might be affecting pricing, things like that? I know, again, China hasn't done much on urea, but they've been in effect
substituting nitrogen exports through ammonium sulfate.
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