Third Quarter 2024 October 31, 2024 — 11 a.m. ET YOUR CATALYST FOR POSITIVE CHANGE™ 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 perio ...

Ecovyst (ECVT) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this specialty chemical producer would post earnings of $0.14 per share when it actually produced earnings of $0.12, delivering a surprise of -14.29%. Over the last four quarter ...

Exhibit 99.1 Ecovyst Reports Third Quarter 2024 Results MALVERN, PA, October 31, 2024 -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Results & Highlights ▪ Sales of $179.2 million, compared to $173.3 million in the third quarter of 2023 ▪ Net Income of $14.3 million, compared to $16.6 million in the ...

MALVERN, Pa., Oct. 31, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Results & Highlights Sales of $179.2 million, compared to $173.3 million in the third quarter of 2023 Net Income of $14.3 million, compared to $16.6 million in the year-ago quarter, with a net income margin of 8.0 ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Ecovyst (ECVT) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better than exp ...

Core Viewpoint - Ecovyst Inc. will hold a conference call on October 31, 2024, to discuss its third quarter 2024 financial results [1]. Company Overview - Ecovyst Inc. is a leading global provider of advanced materials, specialty catalysts, and services, focusing on sustainability through its products and services [3]. - The company operates two specialty businesses: Ecoservices, which provides sulfuric acid recycling and chemical waste handling services, and Advanced Materials & Catalysts, which offers finished silica catalysts and specialty zeolites [4]. Conference Call Details - The conference call can be accessed live via telephone or through an audio-only webcast, with a replay available afterward [2].

JHVEPhoto/iStock Editorial via Getty Images Introduction Ecovyst just released their Q2 2024 results, and the market did not treat them kindly. Since the release, their share price is now down ~28%, declining from ~$9.5/share thereabouts to mid-$6/share today. Of course, this isn't totally without justification - Ecovyst is displaying more softness than previously anticipated, but it's also seemingly the case that their share price was swept up by the sell-off wave as of late. In other words, while I am bri ...

Financial Data and Key Metrics Changes - Ecovyst reported sales of $212 million for Q2 2024, a decrease of $17 million compared to Q2 2023, with adjusted EBITDA of $57 million, down from $79 million in the same quarter last year [14][4][20] - Adjusted free cash flow for the first half of 2024 was just over $14 million, compared to $2 million for the same period in 2023 [18] - The company expects full-year GAAP sales to be in the range of $700 million to $740 million, which is $15 million lower at the midpoint compared to prior guidance [20] Business Line Data and Key Metrics Changes - Ecoservices sales for Q2 2024 were $154 million, down 3%, despite increased sales volume for regeneration services and virgin sulfuric acid [16] - Advanced silicas sales increased to $29 million, up nearly $3 million due to higher sales of chemical catalysts [17] - Sales from the Zeolyst Joint Venture decreased by $16 million due to lower sales of catalyst materials used in sustainable fuels and emission control applications [17] Market Data and Key Metrics Changes - The demand for virgin sulfuric acid is expected to remain positive, driven by copper mining projects in North America, although a more conservative view on demand and pricing has been adopted for the second half of 2024 [8] - The renewable diesel market is anticipated to face headwinds for the next 12 to 18 months due to declining RIN credits, impacting catalyst consumption [27][11] - The nylon industry's rebound remains subdued, but a year-over-year increase in virgin sulfuric acid sales for nylon is expected in 2024 [8] Company Strategy and Development Direction - The company completed four planned turnarounds for eco services in the first half of the year and is expanding polyethylene catalyst production capacity at its Kansas City site [5] - An equity investment in Pajarito Powders was made to leverage material science capabilities and support growth in the hydrogen economy [6] - The company aims to mitigate the impact of softer near-term market conditions through manufacturing cost reductions and deferring spending [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the demand for regeneration services, despite pressure on refining margins [23] - The company anticipates a favorable demand forecast for regeneration, treatment services, and catalyst activation for the remainder of the year [7] - Management acknowledged the impact of Hurricane Beryl and lower industrial demand on the revised guidance, with half of the impact attributed to Ecoservices and the other half to Advanced Materials and Catalysts [26] Other Important Information - The company refinanced its term loan, extending maturity to 2031 and reducing the interest rate spread, resulting in annual interest savings of over $3 million [19] - The net debt leverage ratio at the end of the quarter was 3.3x, with expectations to end the year at approximately 3x [19] Q&A Session Summary Question: How much of the lower guide is tied to Hurricane Beryl and lower industrial demand? - Management indicated that the impact from Hurricane Beryl is a few million dollars, with half of the guidance change coming from Ecoservices and the other half from Advanced Materials and Catalysts [26] Question: How long do you expect the headwinds on renewable fuels to last? - Management expects the renewable diesel market to face headwinds for the next 12 to 18 months due to declining RIN credits [27] Question: Can you provide reference on how low your renewable diesel business is now? - The sustainable fuel business is now below 10% of total sales for the Advanced Materials and Catalysts segment, down from around 10% [29] Question: Do you expect the pricing lag effects in Ecoservices to go away in the second half? - Management does not expect the pricing lag effects to continue in the second half, indicating a more muted impact going forward [30] Question: Can you discuss the regulatory uncertainty affecting renewable fuels? - Management noted that regulatory issues, including the renewable volume obligation, will be set post-election, creating a holding pattern in the market [33] Question: What actions are being taken in response to weaker forecasted demand? - Management has already taken steps to remove costs from underutilized units and deferred some spending, while continuing to support growth in other areas [34] Question: What is the outlook for virgin sulfuric acid demand in the back half of the year? - Management expects volumes for virgin sulfuric acid to be up year-over-year, despite cautiousness in the overall industrial climate [47] Question: Why was the decision made to extend the term loan now? - The decision to extend the term loan was made to strengthen the balance sheet and reduce interest expenses, providing comfort to investors [48]

Financial Performance - Sales decreased by $1.3 million to $182.8 million for the three months ended June 30, 2024, primarily due to lower average selling prices in Ecoservices[102]. - Gross profit decreased by $7.3 million to $53.7 million, attributed to lower average selling pricing, partially offset by higher volume and favorable variable costs[103]. - Operating income decreased by $5.4 million to $27.9 million, driven by a decrease in gross profit and other operating expenses[103]. - Net income for the three months ended June 30, 2024, was $8.3 million, down $17.8 million or 68.2% from $26.1 million in the same period of 2023[116]. - Adjusted EBITDA decreased to $56.9 million, a decline of $22.4 million or 28.2% compared to $79.3 million in the prior year[117]. - Net income for the six months ended June 30, 2024, was $9.5 million, a significant decrease from $24.7 million in the prior year, reflecting a decline of 61.5%[128]. - Adjusted EBITDA for the six months ended June 30, 2024, was $91.2 million, a decrease of $5.7 million, or 5.9%, compared to $96.9 million for the same period in 2023[144]. Segment Performance - Ecoservices sales decreased by $4.2 million or 2.7%, totaling $153.9 million, primarily due to lower average selling prices[105]. - Advanced Materials & Catalysts sales increased by $2.9 million or 11.2%, reaching $28.9 million, driven by higher sales volume[105]. - Ecoservices sales for the six months ended June 30, 2024, were $295.6 million, a decrease of $0.2 million, or 0.1%, compared to $295.8 million for the same period in 2023[130]. - Advanced Materials & Catalysts sales for the six months ended June 30, 2024, were $47.8 million, a decrease of $1.4 million, or 2.8%, compared to $49.2 million for the same period in 2023[130]. Equity and Income from Affiliates - Equity in net income of affiliated companies for the three months ended June 30, 2024, was $1.4 million, down from $11.4 million in the same period of 2023, due to lower earnings from the Zeolyst Joint Venture[103]. - Equity in net income from affiliated companies dropped to $1.4 million, a decrease of $10.0 million or 87.7% from $11.4 million year-over-year[110]. - Equity in net income of affiliated companies for the six months ended June 30, 2024, was $3.5 million, down from $11.6 million in the same period of 2023[128]. Expenses and Costs - Interest expense increased by $3.7 million or 40.2%, totaling $12.9 million due to higher variable rates[111]. - Selling, general and administrative expenses for the six months ended June 30, 2024, were $44.3 million, an increase of $1.8 million compared to $42.5 million for the same period in 2023[132]. - Other operating expense, net for the six months ended June 30, 2024, was $6.8 million, a decrease of $6.2 million compared to $13.0 million for the same period in 2023[133]. - Interest expense for the six months ended June 30, 2024, increased to $26.3 million from $19.0 million in the prior year, a rise of 38.4%[128]. - Cash interest paid for the six months ended June 30, 2024, was approximately $33.2 million, compared to $19.4 million for the same period in 2023, reflecting an increase of 71.5%[150]. Taxation - The effective tax rate for the quarter was 27.1%, compared to 25.2% in the previous year, influenced by state and local tax changes[115]. - The effective tax rate for the six months ended June 30, 2024, was 30.9%, compared to 28.3% in the same period of 2023[128]. - The provision for income taxes for the six months ended June 30, 2024, was $4.3 million, compared to $9.7 million for the same period in 2023, with an effective tax rate of 30.9%[139]. Cash Flow and Liquidity - Net cash provided by operating activities was $46.4 million for the six months ended June 30, 2024, an increase from $41.1 million in the same period of 2023, representing a growth of 8.0%[153]. - Cash and cash equivalents at the end of the period were $83.3 million, compared to $29.2 million at the end of June 30, 2023, indicating a significant increase of 185.6%[153]. - Total available liquidity as of June 30, 2024, was $155.6 million, consisting of $83.3 million in cash and cash equivalents and $72.3 million available under the ABL Facility[150]. - The company had no borrowings under its revolving credit facility as of June 30, 2024, indicating strong liquidity management[150]. - The company expects ongoing requirements for debt service and capital expenditures to be funded from cash flows from operations and existing cash balances[150]. Debt and Capital Expenditures - As of June 30, 2024, total debt was $873.0 million, with net debt at $789.7 million after accounting for cash and cash equivalents of $83.3 million[154]. - Maintenance capital expenditures for the six months ended June 30, 2024, were $28.3 million, down from $30.4 million in 2023, while growth capital expenditures increased to $5.2 million from $3.3 million[156]. - Total capital expenditures for the six months ended June 30, 2024, were $33.5 million, slightly down from $33.7 million in 2023[156]. Risk and Compliance - Approximately 5% of sales for the six months ended June 30, 2024, were in currencies other than the U.S. dollar, exposing the company to foreign currency translation risks[101]. - There were no material changes in foreign currency exchange rate risk, interest rate risk, or credit risk compared to previous disclosures[159]. - Disclosure controls and procedures were evaluated as effective at a reasonable assurance level as of June 30, 2024[161]. - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2024, that materially affected internal controls[162]. - The company believes there are no pending legal proceedings likely to have a material adverse effect on its business[163].

Ecovyst (ECVT) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this specialty chemical producer would post earnings of $0.07 per share when it actually produced earnings of $0.04, delivering a surprise of -42.86%. Over the last four quarter ...