Ecovyst (ECVT)
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Ecovyst Inc. to Participate in the Bank of America 2024 Leveraged Finance Conference
Prnewswire· 2024-11-20 21:30
Company Overview - Ecovyst Inc. is a leading integrated and innovative global provider of advanced materials, specialty catalysts, and services [3] - The company operates through a strategically located network of manufacturing facilities, contributing to environmental sustainability [3] Business Segments - Ecovyst has two specialty businesses: Ecoservices and Advanced Materials & Catalysts [4] - Ecoservices focuses on sulfuric acid recycling for the North American refining industry and provides high-quality virgin sulfuric acid for industrial applications [4] - Advanced Materials & Catalysts offers finished silica catalysts and specialty zeolites that support sustainable fuel production and emissions reduction [4] Upcoming Event - Nate Connor, Vice President of Finance & Treasurer, will present at the Bank of America Leveraged Finance Conference on December 3, 2024, at 3:30 p.m. Eastern [1] - The presentation will be available via webcast for media, investors, and the public, with a replay accessible for at least 90 days [2]
Ecovyst Announces Launch of AlphaCat® Advanced Silicas Products for Biocatalysis Applications
Prnewswire· 2024-11-13 12:00
Core Insights - Ecovyst Inc. has launched its AlphaCat® advanced silica products aimed at enhancing biocatalysis applications, aligning with its strategy to diversify into high-growth potential markets [1][2] - The company has made initial investments to expand its research and testing capabilities at its main R&D site in Conshohocken, PA, leading to the development of advanced silica-based products [2][3] - The new product range includes functionalized silica supports for enzyme immobilization and biocatalysts with immobilized enzymes, catering to the growing demand in food, fuels, and chemical production sectors [3] Company Developments - The advanced silicas testing kit developed by Ecovyst allows customers to evaluate various silicas with different functionalities, enhancing the value of immobilized enzymes [3] - The company has successfully scaled manufacturing and quality processes for silica functionalization and enzyme immobilization at its facility in Kansas City, Kansas [3] - Ecovyst's Advanced Materials & Catalysts division focuses on providing high-performing silica catalysts and functionalized silicas, contributing to sustainable chemistry [5] Market Positioning - Ecovyst operates two specialty businesses: Ecoservices, which provides sulfuric acid recycling and chemical waste handling, and Advanced Materials & Catalysts, which supplies silica catalysts and specialty zeolites [5] - The company emphasizes its commitment to sustainability through its products and services, which are predominantly inorganic and aimed at improving environmental sustainability [4]
Ecovyst (ECVT) - 2024 Q3 - Quarterly Report
2024-11-01 20:07
Table of Contents 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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38221 | --- | --- | --- | |----------------------------------------------------------------------------|- ...
Ecovyst (ECVT) - 2024 Q3 - Earnings Call Transcript
2024-11-01 00:31
Ecovyst Inc. (NYSE:ECVT) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Gene Shiels - Director, Investor Relations Kurt Bitting - Chief Executive Officer Mike Feehan - Chief Financial Officer Conference Call Participants Patrick Cunningham - Citi David Begleiter - Deutsche Bank Aleksey Yefremov - KeyBanc Capital Markets John McNulty - BMO Capital Markets Kevin Estok - Jefferies Hamed Khorsand - BWS Financial Operator Good morning. My name is Jim and I will be your confere ...
Ecovyst (ECVT) - 2024 Q3 - Earnings Call Presentation
2024-10-31 18:11
Q3 2024 Financial Performance - GAAP Sales for Q3 2024 were $179 million[7] - Adjusted EBITDA for Q3 2024 was $60 million[7] - Adjusted EBITDA Margin for Q3 2024 was 29%[7] - Adjusted Free Cash Flow was $59 million for the nine months ended September 30, 2024[7] - The Net Debt Leverage Ratio was 3.2x[7] - Liquidity stood at $188 million, comprising $123 million in cash and cash equivalents plus $65 million availability on the revolving ABL facility[7] Segment Performance - Ecoservices sales increased by 4.3% to $153.9 million in Q3 2024[14] - Ecoservices Adjusted EBITDA Margin decreased by 130 basis points to 35.8%[15] - Advanced Silicas sales decreased by 1.6% to $25.3 million in Q3 2024[17] - Zeolyst Joint Venture sales decreased by 16.5% to $30.9 million in Q3 2024[17] - Advanced Materials & Catalysts Adjusted EBITDA Margin decreased by 680 basis points to 19.4%[17] 2024 Outlook - The company anticipates 2024 sales between $700 million and $740 million[23] - Zeolyst Joint Venture sales are expected to be between $115 million and $135 million[23] - Adjusted EBITDA is projected to be between $230 million and $245 million[23] - Adjusted Free Cash Flow is expected to be between $75 million and $85 million[23]
Ecovyst (ECVT) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 12:16
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 ...
Ecovyst (ECVT) - 2024 Q3 - Quarterly Results
2024-10-31 10:02
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 ...
Ecovyst Reports Third Quarter 2024 Results
Prnewswire· 2024-10-31 10:00
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 ...
Ecovyst (ECVT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-10-24 15:05
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 ...
Ecovyst to Host Third Quarter 2024 Earnings Conference Call and Webcast on Thursday, October 31, 2024 at 11:00 a.m. ET
Prnewswire· 2024-10-08 21:11
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].