AdvanSix Inc.

Good day, and welcome to the Advance 6 Fourth Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note, today's event is being recorded. I'd now like to turn the conference over to Adam Kressel, Director of Investor Relations. Please go ahead, sir.

Thank you, Rocco. Good morning, and welcome to AdvanceX's fourth quarter 2021 earnings conference call. With me here today are President and CEO Aaron Kane and Senior Vice President and CFO Michael Preston. This call and webcast, including any non-GAAP reconciliations, are available on our website at investors.advancex.com. Note that elements of this presentation contain forward-looking statements that are based on our best view of the world and of our business as we see it today. Those elements can change and the actual results could differ materially from those projected, and we ask that you consider them in that light. We refer you to the forward-looking statements included in our press release and earnings presentation. In addition, we identify the principal risks and uncertainties that affect our performance in our SEC filings, including our annual report on Form 10-K as further updated in subsequent filings with the SEC. This morning, we will review our financial results for the fourth quarter and full year of 2021 and share our outlook for our key product lines and end markets. Finally, we'll leave time for your questions at the end. So with that, I'll turn the call over to Advance Six's President and CEO, Aaron Kane.

Thanks, Adam, and good morning, everyone. Thank you for joining us and for your continued interest in Advantix. As you saw in our press release, Advantix delivered terrific 2021 results. I'd like to thank our nearly 1,400 teammates who delivered outstanding results for one another, our customers, and our shareholders. 2021 was a milestone year for Advantix, celebrating our fifth anniversary since the spinoff. We achieved post-spin record annual sales, EBITDA, and free cash flow, executed our first acquisition, initiated a quarterly dividend, entered into a new revolving credit facility, and significantly reduced our debt levels to provide optionality for further value creation. We were also recently named one of Newsweek's most responsible companies for 2022. Mike will cover the details of our fourth quarter and four-year financials in a moment. but our strong results reflect the resilience and strength of our execution and business model, as well as our leadership positions across our diverse product portfolio. We are highly focused on executing what is in our control, including driving superior operational and commercial performance to meet the evolving needs of our customers, building capabilities to strengthen our innovation and portfolio resiliency, and maturing our capital stewardship. On that front, we are very excited to announce today the all-cash acquisition of U.S. Amines for an estimated net purchase price of approximately $100 million. U.S. Amines' existing portfolio of differentiated margin-accretive products is a strong complement to our value chain and supports further penetration into high-value end markets and applications. We expect the deal to close in the first quarter of 2022, subject to customary closing conditions. Building on the success we had with the CIS acquisition last year and the initiation of our structural dividend, today's announcement marks another step as we evolve and enhance our capital allocation strategy to support sustainable and robust shareholder returns. We are eager to welcome the roughly 50 U.S. Amiens team members to Advancic and look forward to their contributions to our continued growth. As we look ahead, we have a lot of excitement around our organization, and the outlook for our business remains favorable. We are targeting significant earnings growth in 2022 as we continue to execute on our strategic priorities, supported as well by an expected robust ammonium sulfate fertilizer performance. We remain confident that Advantix is well positioned to deliver robust returns over the long term. With that, I'll turn it over to Mike to discuss the financial details.