Activated Carbon

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Arq Reports Second Quarter 2025 Results
GlobeNewswire· 2025-08-11 20:32
Increased revenue 13% YoY and maintained sustained PAC price improvement Delivered 5th consecutive quarter of positive Adjusted EBITDA – up >200% YoY Achieved major milestone with the commissioning of 1st GAC line at Red River Targeting final investment decision (FID) for 2nd GAC line prior to year-end 2025 GREENWOOD VILLAGE, Colo., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon and other environmentally efficient carbon products for use in ...
Arq Schedules Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-17 11:30
Core Viewpoint - Arq, Inc. will release its second quarter 2025 financial results on August 11, 2025, and will hold a conference call to discuss the results on August 12, 2025 [1]. Financial Results Announcement - The financial results for the period ended June 30, 2025, will be filed in the Quarterly Report on Form 10-Q [1]. - The conference call is scheduled for 8:30 a.m. Eastern Time on August 12, 2025 [1]. Conference Call Participation - Interested parties can access the conference call via the Investor Resources section of Arq's website or by registering through a provided link [2]. - The live conference call can also be accessed by dialing specific phone numbers and referencing Arq [2]. Supplemental Information - A supplemental investor presentation will be available on the Company's website prior to the conference call [3]. - A replay of the conference call will be accessible shortly after the event, with specific dial-in details provided [3]. Company Overview - Arq is a diversified environmental technology company focused on producing activated carbon and other environmentally efficient products [4]. - The company is the only vertically integrated producer of activated carbon products in North America, ensuring a reliable domestic supply [4]. - Arq aims to develop innovative solutions to remove harmful chemicals and pollutants from water, land, and air [4].
Arq Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 10:30
Core Insights - Arq, Inc. achieved 8 consecutive quarters of double-digit year-over-year average sales price (ASP) growth, with a strong gross margin of 36.4% and positive adjusted EBITDA for four consecutive quarters, indicating a solid financial performance [1][5][14] - The company signed the second largest PAC contract in its history, showcasing the sustainability and value of its foundational business [1][6] - The timeline for the first commercial GAC production at the Red River facility has been updated to the end of Q2 or early Q3 2025 [1][6] - Jay Voncannon has been appointed as Chief Financial Officer, bringing 35 years of finance experience to oversee the company's transformation and growth [1][6] Financial Highlights - Revenue for Q1 2025 was $27.2 million, a 25% increase from $21.7 million in the prior year, driven by higher ASP, positive product mix changes, and increased volumes sold [5][8] - ASP increased by approximately 13% in Q1 2025 compared to the prior year, marking the eighth consecutive quarter of double-digit year-over-year growth [5][8] - Gross margin was 36.4% in Q1 2025, slightly down from 36.9% in the prior year, influenced by improved pricing and customer mix, offset by start-up costs related to the GAC line [10][13] - Net income for Q1 2025 was $0.2 million, a significant improvement from a net loss of $3.4 million in the prior year [13][14] - Adjusted EBITDA for Q1 2025 was $4.1 million, compared to an adjusted EBITDA loss of $0.4 million in the prior year, reflecting four consecutive quarters of positive adjusted EBITDA [14][15] Operational Highlights - All powder activated carbon (PAC) contracts are now net cash producers following the resolution of negative margin agreements as of December 31, 2024 [5] - The company completed mechanical construction of the GAC facility in January 2025, with small non-commercial scale volumes produced, but not yet at the consistency required for commercial production [6][7] - The company maintains a guidance of a 3-6 month ramp-up phase to reach a 25-million-pound nameplate capacity at Red River after the first commercial production [6] Capital Expenditures and Balance Sheet - Capital expenditures for 2025 are forecasted to remain between $8 million and $12 million, with $3.7 million spent in Q1 2025 [16] - As of March 31, 2025, cash and restricted cash totaled $14.8 million, down from $22.2 million as of December 31, 2024, primarily due to capital expenditures and inventory buildup [16] - Total debt, including financing leases, was $26.8 million as of March 31, 2025, an increase from $24.8 million as of December 31, 2024, driven by the revolving credit facility [17]
Activated Carbon Global Market Report 2025, with Profiles of Kuraray, Jacobi Carbons, Evoqua Water Technologies, Ingevity, Haycarb, Norit, Carbotech and more
Globenewswire· 2025-03-18 14:35
Market Overview - The global activated carbon market is projected to grow from $6.6 billion in 2024 to $10.2 billion by 2029, at a CAGR of 9.3% [1][2][8] - Activated carbon is essential for sustainability, driven by environmental regulations and increasing demand for water purification, air filtration, and mercury emission reduction [1][3] Market Drivers - The U.S. EPA's MATS regulations and rising adoption in automotive, pharmaceuticals, and industrial sectors are fueling market expansion [1][4] - Growing legislation related to environmental protection is a key driver for the demand for activated carbon [3] - The demand is also influenced by the U.S. EPA's Disinfectants and Disinfection Byproducts Rule, which limits chemicals in drinking water [3] Market Segmentation - The market is segmented by type (powdered activated carbon, granular activated carbon, and others), feedstock material (wood and coal, coconut shell, and others), application (water treatment, air purification, food processing, mercury removal, medical and pharmaceutical, mining), and region (North America, Europe, Asia-Pacific, and Rest of the World) [5][12] Key Trends - Key trends include the development of reactivated carbon technologies, integration of nanotechnology, and compliance with ESG standards [1][3] - Activated carbon is gaining popularity in the automotive sector for reducing hydrocarbon emissions [4] Competitive Landscape - Industry leaders include Kuraray, Evoqua, and Jacobi Carbons, with detailed company profiles provided in the report [1][11][17] - The report includes an analysis of market shares, strategic alliances, and M&A activity within the activated carbon industry [11] Emerging Technologies - Innovations in activated carbon include microwave-assisted activation, plasma activation, and the incorporation of nanotechnology [12][16] - The report discusses the potential of reactivated carbon and other emerging technologies to provide profitable opportunities [12]