Arq (ADES) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Company Participants Anthony Nathan - Investor Relations & Corporate RelationsRobert Rasmus - President and Chief Executive OfficerJoe Wong - CTOStacia Hansen - Chief Accounting OfficerJay Voncannon - CFO Conference Call Participants Gerry Sweeney - Managing Director, Senior Research AnalystGeorge Gianarikas - Managing Director and Senior AnalystNone - AnalystPeter Gastreich - Managing Director - Energy and Sustainability Analyst Operator Greetings, ...

Delivered 25% YoY revenue growth driven by PAC business turnaround Achieved 8th straight quarter of double-digit YoY ASP growth, strong gross margins of 36.4%, 4th consecutive quarter of positive Adjusted EBITDA and positive net income for the quarter Signed second largest PAC contract in Arq’s history, evidencing sustainability and value of foundational business Updating timing for first commercial GAC production at Red River to end of Q2 or early Q3 2025 Appointed Jay Voncannon as Chief Financial Officer ...