AdvanSix Inc.

Good day and welcome to the AdvanSix Q4 2025 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 touchtone phone. 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, Vice President of Investor Relations and Treasurer. Please go ahead, Adam.

Thank you, Bailey. Good morning and welcome to Advance Six's fourth quarter 2025 earnings conference call. With me here today are President and CEO Aaron Kane and Interim CFO Chris Grant. This call and webcast, including any non-GAAP reconciliations, are available on our website at investors.advancix.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 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 Advance Six's President and CEO,

the Advantix team executed well to close out 2025. A great thanks to our organization for remaining focused on safely optimizing operational and commercial performance. We delivered a year-adjusted EBITDA of $157 million and generated $6 million of free cash flow in a year characterized by continued cyclical trough market conditions for nylon solutions robust plant nutrient supply and demand fundamentals amid an increasing input cost environment, and mixed chemical intermediates industry conditions with lower acetone net pricing as anticipated. While the macro environment has been challenging, there were a number of highlights over the past year to recognize. We successfully executed our planned turnarounds at the low end of our target spend range. We delivered record annual production across both of our key ammonia and sulfuric acid unit operations. We invested $116 million in CapEx, funding key growth and enterprise initiatives, including our sustained growth program. We progressed tax strategies, claiming additional 45-tube carbon tax credits, received the final $26 million settlement proceeds in the first quarter of 2025 related to the 2019 PES supplier shutdown claim, And we preserved our competitive dividend while maintaining conservative debt leverage levels and ample liquidity. At the end of the year, we also welcome Jeffrey Bird to our board of directors. Jeff's breadth of experience and deep financial and operational leadership in complex industries will further strengthen our board's strategic oversight. As we look ahead to 2026, the end market environment remains mixed overall. We anticipate continued strength in plant nutrients supply-demand fundamentals and expect acetone margins to remain near cycle averages, while nylon remains plateaued in its troughs. Now, there have been several recent industry announcements pointing to capacity rationalization in the nylon chain and lower operating rates in China, which we believe should lead to more favorable supply and demand conditions over time. Raw material input costs are expected to be a headwind, particularly in the first half of the year, on meaningfully higher sulfur and natural gas prices. As many well know, we recently navigated a significant winter storm across the country and mid-Atlantic. We are proud that we were successful in safely and continuously running our operations through these extreme temperature, ice, and snow conditions. Everyone at our operating sites came together to deliver this result. We did have to contend with natural gas restrictions, additional maintenance costs, and we elected to moderate operating rates, which was a necessary impact to maintain safe operations. In total, we anticipate roughly an 8 million to 10 million unfavorable earnings impact in the first quarter, which we do intend to fully offset as we progress through the year. In this environment, we remain focused on controllable levers to support through-cycle profitability and cash conversion. This includes optimizing production output and sales volume mix, driving fixed cost reductions and productivity, maintaining a disciplined approach to cash management, and taking a risk-based approach to capital investment and plant turnaround scoping. Our strategic initiatives, unique combination of assets, and business model are core to our durable competitive advantage and long-term positioning. With that, I'll turn it to Chris to discuss the financials.