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Ecovyst Issues 2024 Sustainability Report
Prnewswire· 2025-06-30 21:30
Core Insights - Ecovyst Inc. released its 2024 Sustainability Report, highlighting progress towards sustainability goals and key metrics related to greenhouse gas emissions, energy, water, and waste [1][2] - The company emphasizes its commitment to developing cleaner technologies and supporting sustainable industries through its products and services, including sulfuric acid and catalysts [2][4] - Ecovyst aims to achieve specific sustainability goals by 2025 and 2030, with a focus on maintaining a zero OSHA recordables injury rate [2] Company Overview - Ecovyst Inc. is a global provider of advanced materials, specialty catalysts, virgin sulfuric acid, and sulfuric acid regeneration services, contributing to environmental sustainability [3][4] - The company operates two specialty businesses: Ecoservices, which provides sulfuric acid recycling and chemical waste handling, and Advanced Materials & Catalysts, which focuses on silica catalysts and zeolites for sustainable applications [4]
Ecovyst Completes Acquisition of Waggaman, Louisiana, Sulfuric Acid Assets from Cornerstone Chemical
Prnewswire· 2025-05-06 20:45
WAYNE, Pa., May 6, 2025 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services ("Ecovyst"), announced today that Eco Services Operations Corp., a wholly-owned subsidiary of Ecovyst, has completed its acquisition of the Waggaman, Louisiana sulfuric acid production assets of Cornerstone Chemical Company."We are excited to welcome the Waggaman team to Ecovyst and we l ...
Ecovyst (ECVT) - 2025 Q1 - Quarterly Report
2025-05-02 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Ecovyst Inc. Delaware 81-3406833 (State or other jurisdiction of incorporation or organization) 600 Lee Road, Suite 200 Wayne, Pennsylvania 19087 (Address of principal executive offices) (Zip Code) (484) 617-1200 (Registrant's telephone number, including area code) 300 Lindenwood Dr ...
Ecovyst Inc. (ECVT) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-02 10:40
Ecovyst Inc. (NYSE:ECVT) Q1 2025 Earnings Conference Call May 1, 2025 11:00 AM ET Company Participants Gene Shiels - Director of IR Kurt Bitting - CEO Mike Feehan - CFO Conference Call Participants John McNulty - BMO Capital Markets Patrick Cunningham - Citi Ryan Doughty - KeyBanc Capital Markets Daniel Rizzo - Jefferies Hamed Khorsand - BWS Financial Operator Good morning, my name is Madison, and I will be your conference operator today. Welcome to the Ecovyst First Quarter 2025 Earnings Call and Webcast. ...
Ecovyst (ECVT) - 2025 Q1 - Earnings Call Transcript
2025-05-01 16:02
Ecovyst (ECVT) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Company Participants Gene Shiels - Director of Investor RelationKurt Bitting - CEO & DirectorMike Feehan - CFOHamed Khorsand - Principal Conference Call Participants John McNulty - MD - Chemicals AnalystPatrick Cunningham - AnalystNone - AnalystDaniel Rizzo - Analyst Operator Good morning. My name is Madison, and I will be your conference operator today. Welcome to the ECOVIST First Quarter twenty twenty five Earnings Call and Webcast. Please not ...
Ecovyst (ECVT) - 2025 Q1 - Earnings Call Transcript
2025-05-01 16:02
Ecovyst (ECVT) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Company Participants Gene Shiels - Director of Investor RelationKurt Bitting - CEO & DirectorMike Feehan - CFOHamed Khorsand - Principal Conference Call Participants John McNulty - MD - Chemicals AnalystPatrick Cunningham - AnalystNone - AnalystDaniel Rizzo - Analyst Operator Good morning. My name is Madison, and I will be your conference operator today. Welcome to the ECOVIST First Quarter twenty twenty five Earnings Call and Webcast. Please not ...
Ecovyst (ECVT) - 2025 Q1 - Earnings Call Transcript
2025-05-01 15:00
Ecovyst (ECVT) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Speaker0 Good morning. My name is Madison, and I will be your conference operator today. Welcome to the ECOVIST First Quarter twenty twenty five Earnings Call and Webcast. Please note, today's call is being recorded and should run approximately one hour. Currently, all participants have been placed in a listen only mode to prevent any background noise. After the speakers' remarks, there will be a question and answer period. I would now like to ha ...
Ecovyst (ECVT) Beats Q1 Earnings Estimates
ZACKS· 2025-05-01 12:20
Ecovyst (ECVT) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this specialty chemical producer would post earnings of $0.25 per share when it actually produced earnings of $0.28, delivering a surprise of 12%.Over the last four qu ...
Ecovyst (ECVT) - 2025 Q1 - Earnings Call Presentation
2025-05-01 11:43
First Quarter 2025 May 1, 2025 — 11 a.m. ET Legal Discussion Forward-Looking Statements Some of the information contained in this presentation, the conference call during which this presentation is reviewed and any discussions that follow constitutes "forward-looking statements." Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "projects" and similar references to future periods. Forward-looking statements are based ...
Ecovyst (ECVT) - 2025 Q1 - Quarterly Results
2025-05-01 10:01
Financial Performance - Sales for Q1 2025 were $162.2 million, a slight increase from $160.5 million in Q1 2024[4] - Net loss for Q1 2025 was $3.6 million, compared to a net income of $1.2 million in the same quarter last year, resulting in a net loss margin of 2.2%[4] - Adjusted EBITDA for Q1 2025 was $38.9 million, down from $45.5 million in Q1 2024, with an Adjusted EBITDA margin of 19.5%[4] - Operating loss for Q1 2025 was $0.9 million, a significant decline of 106.5% compared to an operating income of $13.9 million in Q1 2024[24] - Adjusted Net Income for the first quarter of 2025 was $1.6 million, compared to $7.0 million in the first quarter of 2024[31] Segment Performance - Ecoservices segment sales increased to $143.1 million in Q1 2025 from $141.6 million in Q1 2024, but Adjusted EBITDA decreased to $28.5 million from $41.5 million[5] - Advanced Materials & Catalysts segment saw sales rise to $19.1 million in Q1 2025 from $18.9 million in Q1 2024, with Adjusted EBITDA increasing to $17.5 million from $11.1 million[6] - Zeolyst Joint Venture sales surged by 60.4% to $37.7 million from $23.5 million year-over-year[33] - Ecoservices Adjusted EBITDA margin decreased to 19.9% from 29.3% year-over-year[33] - Advanced Materials & Catalysts Adjusted EBITDA increased by 57.7% to $17.5 million from $11.1 million in the previous year[33] Cash Flow and Debt - Cash flows from operating activities were $10.3 million in Q1 2025, significantly down from $36.5 million in Q1 2024[7] - Cash and cash equivalents decreased to $127.5 million from $146.0 million at the end of Q4 2024[26] - The net debt leverage ratio was 3.2x as of March 31, 2025, with total gross debt of $868.6 million[7] - The Net Debt Leverage ratio increased to 3.2x as of March 31, 2025, compared to 2.9x a year earlier[35] - Total debt as of March 31, 2025, was $868.6 million, a slight decrease from $875.3 million a year prior[35] Guidance and Outlook - The company reaffirmed its full-year 2025 Adjusted EBITDA guidance and increased sales outlook to $785 million to $845 million, up from $755 million to $815 million[10] - Adjusted Net Income for the full year 2025 is projected to be between $58 million and $85 million, with Adjusted Diluted Income per share expected to be between $0.50 and $0.70[15] Tax and Equity - The effective tax rate for Q1 2025 was 13.3%, compared to 49.1% in Q1 2024[24] - The company reported a significant increase in equity in net income from affiliated companies, which was a loss of $8.9 million in Q1 2025 compared to a loss of $2.1 million in Q1 2024, representing a 323.8% increase in losses[24] Other Financial Metrics - Cost of goods sold increased by 12.6% to $136.6 million, resulting in a gross profit of $25.6 million, down 34.7% from $39.2 million[24] - Total assets as of March 31, 2025, were $1,786.9 million, a slight decrease from $1,802.3 million at the end of 2024[26] - Total liabilities decreased to $1,088.2 million from $1,101.8 million at the end of 2024[26] - Adjusted Free Cash Flow for the first quarter of 2025 was $(13.0) million, a significant decline from $19.1 million in the same quarter of 2024[34]