Core Viewpoint - Ecovyst Inc. has successfully amended and extended its senior secured term loan facility, resulting in a lower interest rate and an extended maturity, which is expected to enhance financial flexibility and reduce cash interest expenses [1][4][7]. Financial Summary - The Amended Term Loan Facility totals $873 million with a floating interest rate of SOFR plus 2.25%, down from SOFR plus 2.75%, and matures in June 2031 [1]. - The refinancing is anticipated to reduce cash interest expenses by approximately $3 million annually [4]. Business Overview - Ecovyst Inc. is a global provider of advanced materials, specialty catalysts, and services, focusing on sustainability through its product offerings [2]. - The company operates two main business segments: Ecoservices, which provides sulfuric acid recycling and chemical waste handling, and Advanced Materials & Catalysts, which supplies silica catalysts and specialty zeolites for sustainable applications [8].

ABOUT ECOVYST INC. AND ZEOLYST INTERNATIONAL MALVERN, Pa., May 16, 2024 /PRNewswire/ -- Zeolyst International, an Ecovyst Inc. (NYSE: ECVT) joint venture that is a leading producer of zeolites ("Zeolyst"), is proud to announce the successful commissioning of its new laboratory scale thermal pyrolysis reactor and cutting-edge analytical equipment for advanced recycling of plastic waste applications. Ecovyst Logo (PRNewsfoto/Ecovyst Inc.)Ecovyst Logo (PRNewsfoto/Ecovyst Inc.) In November 2023, Ecovyst held it ...

Ecovyst Inc. (NYSE:ECVT) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Gene Shiels - Director of IR Kurt Bitting - CEO Michael Feehan - CFO Conference Call Participants John McNulty - BMO Capital Markets Alex Yefremov - KeyBanc Capital Markets Patrick Cunningham - Citi Laurence Alexander - Jefferies Hamed Khorsand - BWS Financial Operator Good morning. My name is Madison, and I will be your conference operator today. Welcome to Ecovyst's First Quarter 2024 Earnings Call and We ...

Financial Performance - Sales for the three months ended March 31, 2024, decreased by $0.4 million to $160.5 million, primarily due to lower average selling prices despite higher sales volume [132]. - Gross profit increased by $2.7 million to $39.2 million, attributed to lower variable costs and higher sales volume [133]. - Operating income rose by $5.2 million to $13.9 million, driven by increased gross profit and lower other operating expenses [134]. - Total sales for the three months ended March 31, 2024 were $160.5 million, a slight decrease of $0.4 million or 0.2% compared to $160.9 million in 2023 [136]. - Gross profit rose to $39.2 million, an increase of $2.7 million or 7.4% from $36.5 million in the prior year, attributed to higher sales volume and favorable manufacturing costs [139]. - Adjusted EBITDA for the Ecoservices segment increased by $4.7 million or 12.8% to $41.5 million, primarily due to higher sales volume for virgin sulfuric acid and regeneration services [153]. - Advanced Materials & Catalysts segment reported Adjusted EBITDA of $11.1 million, a decrease of $1.9 million or 14.6% compared to $13.0 million in 2023, mainly due to lower sales volume of advanced silicas [154]. - Operating income for the three months ended March 31, 2024 was $13.9 million, reflecting a significant increase of $5.2 million or 59.8% from $8.7 million in the same period of 2023 [135]. - Net income for the three months ended March 31, 2024 was $1.2 million, compared to a net loss of $1.5 million in the same period of 2023, marking a turnaround of $2.7 million [149]. - Adjusted Net Income for Q1 2024 was $7.0 million, compared to $9.2 million in Q1 2023, reflecting a decrease of 24% [157]. Expenses and Costs - Interest expense, net increased to $13.4 million, up $3.5 million or 35.4% from $9.9 million in the prior year, primarily due to higher variable rates [144]. - Other operating expenses, net decreased to $3.7 million, down $3.0 million or 44.8% from $6.7 million in the same period of 2023, driven by lower transaction and business optimization costs [142]. - Cash interest paid for Q1 2024 was approximately $12.6 million, down from $15.2 million in Q1 2023, reflecting improved interest management [164]. - Maintenance capital expenditures were $12.2 million in Q1 2024, slightly lower than $12.8 million in Q1 2023, showing effective cost control [174]. Liquidity and Debt - The company has a stock repurchase program authorized for up to $450 million, with $234.6 million available for share repurchases as of March 31, 2024 [116]. - Total debt as of March 31, 2024, was $875.3 million, a slight decrease from $877.5 million as of December 31, 2023 [172]. - The company had total available liquidity of $173.3 million as of March 31, 2024, including cash and cash equivalents and availability under the ABL Facility [160]. - Cash and cash equivalents at the end of Q1 2024 were $103.1 million, up from $61.6 million at the end of Q1 2023 [168]. - The company was in compliance with all covenants under its debt agreements as of March 31, 2024, ensuring financial stability [161]. Segment Performance - The company operates through two segments: Ecoservices and Advanced Materials & Catalysts, focusing on specialty catalysts and services [113]. - Demand for virgin sulfuric acid across various industrial applications remained favorable, supporting the Ecoservices segment [120]. - The regeneration services product group typically experiences seasonal fluctuations, with higher demand in summer months [128]. - The Advanced Materials & Catalysts segment may experience demand fluctuations based on the timing of customers' fixed bed catalyst replacements [121]. - Equity in net income of affiliated companies increased to $2.1 million for the three months ended March 31, 2024, compared to $0.2 million in the same period of 2023, driven by higher earnings from the Zeolyst Joint Venture [135]. Currency Exposure - Approximately 5% of sales for the three months ended March 31, 2024, were in currencies other than the U.S. dollar, with significant exposure to the British pound [129].

Exhibit 99.1 Ecovyst Reports First Quarter 2024 Results MALVERN, PA, May 2, 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 first quarter ended March 31, 2024. First Quarter 2024 Results & Highlights "Ecovyst delivered solid results and year-over-year growth for the first quarter of 2024, reflecting positive demand fundamentals across the majority of our ...

The market expects Ecovyst (ECVT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 2, 2024, might help the stock move higher if these key numbers are better t ...

MALVERN, Pa., April 15, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, announced today that it will conduct a conference call and audio-only webcast on Thursday, May 2, 2024 at 11:00 a.m. Eastern Time to review its first quarter 2024 financial results. Investors may listen to the conference call live via telephone by dialing 1 (800) 343-5419 (domestic) or 1 (203) 518-9731 (international) and use the ...

MALVERN, Pa., April 2, 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 announced that it has recognized three outstanding teams with the Company's 2023 Sustainability Leadership Awards. The award winners, which were selected by Chief Executive Officer Kurt J. Bitting and members of the executive management team, are the Ecoservices Hammond, Indiana site for the most ...

Financial Data and Key Metrics Changes - Fourth quarter sales, including the proportionate share from the Zeolyst joint venture, were $226 million, compared to $223 million in Q4 2022, reflecting higher sales volume and favorable pricing [35] - Adjusted EBITDA for Q4 was $70 million, up 1% from the prior year, with a consolidated adjusted EBITDA margin of 31%, consistent with Q4 2022 [36] - Full year 2023 adjusted EBITDA was $260 million, down 6% from $277 million in 2022, driven by lower sales volume and higher unplanned repair costs [37] Business Line Data and Key Metrics Changes - Ecoservices sales for Q4 were $141 million, down from $160 million in Q4 2022, primarily due to lower pricing and the pass-through of lower sulfur costs [50] - Advanced Materials and Catalyst sales for Q4 were $84 million, up 34% year-over-year, with advanced silicas sales increasing by 37% [51] - Adjusted EBITDA for Ecoservices was $48 million in Q4, down from $54 million in the prior year, while Advanced Materials and Catalyst adjusted EBITDA was $27 million, up 34% [39][40] Market Data and Key Metrics Changes - The company expects a modest recovery in virgin sulfuric acid sales in 2024, particularly for nylon intermediates, while industrial demand remains uncertain due to surplus capacity in Asia [20][21] - Polyethylene demand is projected to increase by 2% to 3% in 2024, but excess global capacity may weigh on operating rates [26] - The North American and Middle Eastern markets are expected to benefit from favorable production economics due to lower energy costs [27] Company Strategy and Development Direction - The company is focusing on enhancing operational reliability and expanding capacity in advanced silicas and polyethylene catalysts, supported by customer commitments [15][68] - Investments in emerging technologies, such as advanced recycling and sustainable fuels, are prioritized to drive long-term sales growth [78] - The company aims to reduce its net debt leverage ratio to below 2.5x, with a target cash conversion ratio of approximately 75% [41][60] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding near-term demand trends due to economic uncertainties, including inflation and geopolitical tensions, but remains optimistic about long-term growth opportunities [18][65] - The company anticipates stronger demand fundamentals in the second half of 2024, particularly for regeneration services and virgin sulfuric acid sales [19][66] - Management highlighted the importance of maintaining customer relationships and leveraging cost advantages in key markets to support growth [67] Other Important Information - The company achieved platinum status with EcoVadis for sustainability efforts, placing it in the top 1% of its peer group [16] - Full year 2024 sales are expected to be between $860 million and $920 million, reflecting a 5% increase at the midpoint compared to 2023 [54] - Capital expenditures for 2024 are projected to be between $70 million and $80 million, primarily for expanding advanced silicas capacity [60] Q&A Session Summary Question: What is driving the higher pricing through key catalysts? - Management indicated that long-term contracts account for 90% of their customers, allowing for successful price increases, while short-term contracts face pricing pressure [76] Question: Can you quantify the magnitude of pricing pressure in virgin sulfuric acid sales? - Management estimated that pricing pressure in the industrial space could amount to $5 million to $10 million, primarily affecting short-term contracts [77] Question: What are the expectations for polyethylene catalyst demand? - Management expects a mix of core industry growth and account wins, with a recovery anticipated particularly in North America and the Middle East [99]

Fourth Quarter 2023 February 28, 2024 —11 a.m. ET YOUR CATALYST FOR POSITIVE CHANGE™ Legal Discussion Continuing Operations Financial results are presented on a continuing operations basis, which excludes the Performance Materials business and Performance Chemicals business unless otherwise indicated. 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 st ...