PureCycle Technologies(PCT)

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PureCycle Technologies, Inc. (PCT) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2025-08-07 23:51
PureCycle Technologies, Inc. (PCT) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to a loss of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -52.17%. A quarter ago, it was expected that this company would post a loss of $0.25 per share when it actually produced a loss of $0.27, delivering a surprise of -8%.Over the last four quarters, the company ...
PureCycle Technologies(PCT) - 2025 Q2 - Earnings Call Transcript
2025-08-07 22:00
PureCycle (PCT) Q2 2025 Earnings Call August 07, 2025 05:00 PM ET Speaker0Good evening. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Pure Cycle Technologies Second Quarter twenty twenty five Corporate Update Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session.Thank you. I would now like to turn the call over to Eric Dinatelle, Dir ...
PureCycle Technologies(PCT) - 2025 Q2 - Earnings Call Presentation
2025-08-07 21:00
Second Quarter 2025 Corporate Update This presentation contains forward-looking statements, including statements about the continued execution of PureCycle's business plan, the expected results of tests and trials, the expected timing of commercial sales, and planned future updates. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward- looking statements. Forward-looking statements gen ...
PureCycle Technologies(PCT) - 2025 Q2 - Quarterly Report
2025-08-07 20:13
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 June 30, 2025 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: 001-40234 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other juris ...
PureCycle Technologies(PCT) - 2025 Q2 - Quarterly Results
2025-08-07 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 7, 2025 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Delaware 001-40234 86-2293091 (Commission File Number) (IRS Employer Identification No.) 20 North Orange Avenue, Suite 106 Orlando, Florida 32801 (Ad ...
PureCycle Technologies Second Quarter 2025 Corporate Update
Globenewswire· 2025-08-07 20:05
ORLANDO, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, announced today a corporate update for the second quarter ending June 30, 2025. Management Commentary PureCycle CEO Dustin Olson commented, “We have begun to implement our growth plans following our successful $300 million capital raise that was executed in June. Our first expansion steps will be with facilities in Thailand and Belgium. Future facilities, beyon ...
PureCycle Schedules Second Quarter 2025 Corporate Update
Globenewswire· 2025-07-25 12:00
ORLANDO, Fla., July 25, 2025 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, August 7, 2025 to provide an update on recent corporate developments. A press release discussing such developments and other activity from the second quarter will be provided prior to the conference call. Second Quarter 2025 Conference Call Details Date: August 7, 2025 Time: 5:00 p.m. EDT Participant Link: PureCycle Tech ...
Why PureCycle Technologies Stock Was on Fire This Week
The Motley Fool· 2025-06-20 17:00
For the second week in a row, next-generation plastic recycling specialist PureCycle Technologies (PCT -2.59%) was quite the hit on the stock exchange.Thanks to a successful round of capital raising and a bullish analyst note on its prospects, the company's shares were trading nearly 21% higher week to date early Friday morning, according to data compiled by S&P Global Market Intelligence.$300 million worth of good newsPureCycle has managed to raise $300 million in fresh capital commitments from a mix of fo ...
PureCycle (PCT) FY Conference Transcript
2025-06-18 13:35
PureCycle Technologies (PCT) FY Conference Summary Company Overview - **Company**: PureCycle Technologies (Ticker: PCT) - **Industry**: Recycling and Materials - **Technology**: Dissolution technology for recycling polypropylene Key Points and Arguments Technology Differentiation - PureCycle utilizes a **dissolution technology** that is characterized by high yield, high quality, and a low carbon footprint, which also translates to lower costs [5][9] - Compared to other recycling methods, such as mechanical and chemical recycling, PureCycle's process is more efficient, achieving yields of **90%** uptime and producing pellets for **65 consecutive days** [15][16] - The technology operates like a **molecular washing machine**, preserving the original polymer structure without breaking it down, which reduces costs and energy consumption [7][9][53][54] Scaling and Growth - The company has made significant progress in scaling its technology, achieving **90% uptime** and successfully running its plant during challenging conditions like COVID-19 [12][15] - PureCycle plans to expand its operations with new facilities in **Antwerp** and **Thailand**, targeting a total of **1 billion pounds** of installed capacity by the end of **2029** [66][68] - The anticipated capital expenditure (CapEx) for the Thailand facility is projected to be between **$1.4 billion and $1.7 billion**, significantly lower than the **$3.4 billion** for the Ironton facility [24][46] Market Opportunities - The global polypropylene market is substantial, with a size of **$200 billion** and a growth rate of **3.5% per year**, necessitating an additional **7 billion pounds** of production annually [67][68] - PureCycle's technology is positioned to meet this demand effectively, with a focus on sustainability and cost efficiency, making it an attractive option for major global brands [36][68] Customer Relationships and Market Penetration - The company has established relationships with key partners such as **Mitsui**, **SK**, and **IRPC**, enhancing its market presence and credibility [19][20] - PureCycle is adapting its products to meet specific customer needs, which has been a significant factor in gaining traction with large brands [60][62] Financial Outlook - A recent capital raise has positioned PureCycle for growth, attracting long-term investors and providing a solid foundation for its expansion plans [38] - The company aims to achieve cost parity with virgin polypropylene production, which would further enhance its competitive edge in the market [45][68] Future Projections - The focus for the upcoming year will be on ramping up production at the Ironton facility and exploring new applications for polypropylene in various industries, including automotive [69][70] - The long-term vision includes becoming the preferred technology for polypropylene production, leveraging its cost-effective and sustainable recycling process [68] Additional Important Insights - The company emphasizes the importance of **sustainability** and addressing the global plastic waste problem, particularly in regions like Southeast Asia where waste management is critical [31][32] - PureCycle's unique approach to recycling, which involves washing rather than breaking down molecules, positions it favorably against traditional recycling methods that often have higher carbon footprints [53][54][57]
Why PureCycle Technologies Rallied Today
The Motley Fool· 2025-06-17 17:02
Core Viewpoint - PureCycle Technologies has experienced a significant stock surge following a major investment announcement, indicating strong investor confidence in the company's growth potential and expansion plans [1][5]. Funding and Investment - PureCycle has raised $300 million through convertible preferred stock, which offers a 7% coupon and converts to common equity at a 30% premium to the stock's 10-day volume-weighted average price prior to the announcement [2]. - Notable investors in this funding round include Sylebra Capital Management, Samlyn Capital, and Stanley Druckenmiller's Duquesne Family Office, among others [2]. Expansion Plans - The company plans to expand its second U.S. facility in Augusta and construct two new international recycling plants in Thailand and Antwerp, with funding allocated for these developments [3]. - PureCycle anticipates generating $600 million in annual EBITDA by 2030 once the new facilities are fully operational [3]. Market Performance - Following the investment announcement, PureCycle's stock price increased significantly, nearing the preferred shares conversion threshold, driven by robust expansion plans and notable investor participation [5]. - The company's market capitalization is approximately $2.6 billion, which will increase by another $300 million upon conversion of the preferred shares to common stock [6].