Shares of AdvanSix fell after the chemistry company reported lower second-quarter profit.

The stock was down 19% to $16.22 in recent trading, and fell 6.2% since the start of the year.

The company reported net income of $3.25 million, or 12 cents a share, compared with $31.4 million, or $1.15 a share, a year earlier.

Adjusted earnings per share were 19 cents compared with $1.24 a year earlier, driven by lower sales in Plant Nutrients and reduced production output.

Revenue rose 2.7% to $421.3 million due to favorable pricing, and partially offset by a decline in volume.

Chief Executive Erin Kane said the company continued to leverage formula and market-based precinct mechanisms to offset inflationary raw-material costs.

She said sales volume missed estimates due to a decline in ammonium sulfate as the spring planting season was challenged by farmer profitability.