AdvanSix Inc.

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 your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Adam Kressel, VP Investor Relations and Treasurer. Please go ahead.

Thank you, Megan. Good morning and welcome to AdvanceX's first quarter 2025 earnings conference call. With me here today are President and CEO Aaron Kane and Senior Vice President and CFO Sid Manjishwar. 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 can 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 first quarter of 2025 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 Advancix's president and CEO, Erin Kane.

Thanks, Adam, and good morning, everyone. We appreciate you joining us here today for our quarterly call. As you saw in our press release, Advancix delivered significantly improved year-over-year performance. The first quarter results reflect improved operational performance, continued strength in plant nutrients, and the previously announced insurance settlement proceeds. First, we know that operational excellence is a key enabler to our overall performance. Our planned plant turnarounds, as well as prioritized maintenance capital investments, are critical to supporting high utilization rates and capturing the operational leverage of our competitive cost advantage. 2024 highlighted the meaningful annual opportunity of sustainably running at our targeted production rates. Across our integrated value chain, asset utilization was up nearly 20% to meet customer demand, and I'm pleased to report that our first half turnaround work at Frankfurt and Hopewell is successfully behind us. Secondly, Despite a slow start to the year, our competitive position enabled our team to drive higher volume to meet our customers' needs and achieve a 4% increase in market pricing. This was led by strength in plant nutrients, with continued robust ammonium sulfate premiums over urea, while we navigated margin impact driven by higher raw material prices, namely natural gas and sulfur. We remain well positioned to serve our customers across our diversified portfolio, including fertilizer as the domestic planting season progresses, in acetone amid a balanced global supply and demand environment, and across a modestly recovering nylon industry. Lastly, as we previously announced, we drove a successful conclusion of our multi-year efforts to recover losses associated with the 2019 PES Cumulus Supplier Shutdown. This included a final omnibus settlement in the first quarter of 2025 of approximately $26 million. In total, we received approximately $39 million of aggregated insurance proceeds since the 2019 event. We have supplemented our commercial success with continued investment in growth and enterprise initiatives in support of sustainably improving through-cycle profitability. we continue to focus on making the necessary investments at the right time to support our long-term performance. As we move through the remainder of 2025 and navigate a dynamic environment, we are well-positioned to support our strategic growth priorities as a U.S.-based manufacturer aligned to domestic supply chains and energy markets, as well as a diverse set of end-market applications. Now let me turn the call over to Sid to walk through the financials.