Ecovyst Stock Up 41% as One Fund's $20 Million Buy Creates 8% Portfolio Position

Company Overview - Ecovyst operates as a leading provider of specialty catalysts and sulfuric acid services, supporting industrial clients in refining, emission control, and plastics production [6] - The company has a dual-segment structure that allows it to serve diverse end markets through tailored chemical solutions and process technologies [6] - Revenue for the trailing twelve months (TTM) is reported at $749.19 million, with a net income of -$107.33 million [4] Recent Developments - On February 13, 2026, Brightline Capital Management, LLC initiated a new position in Ecovyst, acquiring 2,050,000 shares valued at $19.95 million [2][9] - This new position represents 8.06% of Brightline Capital Management's 13F reportable assets [7] Financial Performance - In the third quarter, Ecovyst generated $204.9 million in sales, reflecting a 33% year-over-year increase, with an Adjusted EBITDA of $57.5 million and a margin of 28.1% [10] - Ecoservices Adjusted EBITDA reached $63.6 million, up 15% year over year [10] - As of February 12, 2026, Ecovyst shares were priced at $11.46, showing a one-year price change of 40.96%, outperforming the S&P 500 by 28.06 percentage points [4][7] Strategic Insights - The recent allocation of $19.95 million indicates Brightline Capital Management's confidence in Ecovyst's potential for durable cash flow and higher-quality earnings [9] - The company is undergoing a capital allocation reset, with lower leverage and disciplined buybacks, suggesting a clean financial story moving forward [11]