Core Insights - Ace investor Mukul Mahavir Agrawal reshuffled his Rs 6,500-crore equity portfolio during the December quarter, reflecting a mix of fresh bets and tactical adjustments following sharp stock-specific corrections and a selloff in smallcap stocks in 2025 [18] Company Summaries - **Hindustan Construction**: Agrawal acquired a 1.68% stake, amounting to 4.40 crore shares, after the stock experienced a correction of over 30% in the past year [1] - **Alcargo Logistics**: Agrawal purchased a 2.9% stake in the company, which has seen a decline of about 80% over the last year. Alcargo specializes in integrated logistics services [2] - **Sudeep Pharma**: A 1.3% stake was acquired by Agrawal, with the stock down nearly 30% in the last year. Sudeep is a manufacturer of mineral-based pharmaceutical excipients and specialty ingredients [3] - **Vasa Denticity**: Agrawal increased his stake by 0.4%, bringing his total holding to 2.4%. The company is a leading B2B e-commerce platform for dental products [4] - **Vikran Engineering**: Agrawal increased his stake by 0.2%. The stock is down 10% from its issue price of Rs 97 since its market debut in September last year [7] - **N R Agrawal**: A marginal stake increase of 0.1% was made, with the stock down nearly 20% from its 52-week high of Rs 514 [8] - **Monolithisch**: Agrawal reduced his stake by 0.2% to 2.76%, with the stock down 20.5% from its 52-week high of Rs 607 [9] - **Pearl Global**: The investor offloaded 0.2% in the company, which has fallen nearly 15% in January alone [10] - **InfoBeans Technologies**: Agrawal reduced his stake by 0.2% to 3.9%, with the stock up 97% in the last year [11] - **Autoriders**: A stake reduction of 0.7% occurred, with the stock rising over 1,100% in the last year [12] - **Zota Healthcare**: Agrawal reduced his stake by 0.8%, with the stock up nearly 40% in the last year [13] - **ASM Technologies**: A stake reduction of 0.4% was noted, with the stock having doubled in the last year, rising about 115% [14] - **Stanley Lifestyles**: Agrawal appears to have exited the stock, which is down nearly 50% in the last year [15]

Core Insights - Eastman Chemical Company (NYSE:EMN) is recognized as one of the 15 overlooked dividend stocks to consider for investment [1] - BofA has increased its price target for Eastman Chemical to $75 from $74 while maintaining a Buy rating, citing potential earnings growth in 2026 due to cost savings and improved asset utilization [2] - The company aims for $100 million in cost savings in 2026, building on $75 million achieved in the current year, with potential utilization boosts contributing an additional $50 million to $75 million [3] Financial Performance - Eastman Chemical reported Q3 2025 revenue of $2.2 billion, reflecting a 10.6% year-over-year decline and falling short of analysts' estimates by $73.4 million [4] - Despite the revenue drop, the company generated $402 million in operating cash flow, consistent with the same quarter last year, and returned $146 million to shareholders through dividends and share repurchases [4] Company Overview - Eastman Chemical is a global specialty materials firm that produces a diverse range of advanced materials, chemicals, and fibers utilized in everyday products [5]

Core Insights - Ecovyst Inc. reported strong second quarter results for 2025, achieving Adjusted EBITDA of $55.7 million, which is at the high end of the guidance range, driven by sustained demand in the Ecoservices segment and a solid pipeline for hydrocracking catalysts [3][4][9] - The company completed the acquisition of sulfuric acid production assets in Waggaman, Louisiana, which is expected to yield future benefits and synergies [4][9] - The company has repurchased 2.9 million shares of common stock for approximately $22 million, reflecting a commitment to delivering value to shareholders [4][9] Ecoservices Segment - Sales for the Ecoservices segment increased to $176.0 million in Q2 2025 from $153.9 million in Q2 2024, attributed to higher sulfur costs, favorable pricing, and contributions from the Waggaman acquisition [5] - Adjusted EBITDA for Ecoservices was $49.8 million, slightly up from $49.7 million in the same quarter last year, despite lower sales volume due to customer downtime [5] Advanced Materials & Catalysts Segment - Advanced Silicas sales decreased to $24.1 million in Q2 2025 from $28.9 million in Q2 2024, primarily due to lower custom catalyst sales [6] - The proportionate share of sales from the Zeolyst Joint Venture was $28.4 million, a slight decrease from $29.0 million in the previous year, reflecting lower hydrocracking catalyst sales [6] Financial Performance - Total sales for Q2 2025 were $200.1 million, compared to $182.8 million in Q2 2024, marking a 9.5% increase [9][26] - Net income for Q2 2025 was $6.0 million, down from $8.3 million in the prior year, with an Adjusted Net Income of $13.7 million [9][26] - Cash flows from operating activities for the first half of 2025 were $43.3 million, down from $46.4 million in the same period of 2024 [7][9] Guidance and Outlook - The company is maintaining the midpoint of its full-year 2025 Adjusted EBITDA guidance while tightening the range based on first-half results [8] - Sales guidance for 2025 has been increased to reflect the acquisition of the Waggaman assets, although costs related to integration and upgrades are anticipated [8][20] - The company expects continued high refinery utilization and growth in sulfuric acid demand, particularly in mining applications, to drive sales in the second half of 2025 [8][20]

Company Overview - Ecovyst Inc. is a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid, and sulfuric acid regeneration services [3][4] - The company supports customers globally through a strategically located network of manufacturing facilities, contributing to environmental sustainability [3] Business Segments - Ecoservices, one of the company's specialty businesses, provides sulfuric acid recycling to the North American refining industry and high-quality virgin sulfuric acid for industrial and mining applications [4] - Ecoservices also offers chemical waste handling and treatment services, along with ex-situ catalyst activation services for the refining and petrochemical industry [4] - The Advanced Materials & Catalysts segment includes the Advanced Silicas business, which supplies finished silica catalysts and functionalized silicas for high-performing plastics and sustainable chemistry [4] - The Zeolyst Joint Venture innovates and supplies specialty zeolites used in catalysts for sustainable fuel production and emission reduction from diesel engines [4] Upcoming Events - Ecovyst Inc. will conduct a conference call and audio-only webcast on August 7, 2025, at 11:00 a.m. Eastern Time to review its second quarter 2025 financial results [1] - Investors can access the live conference call via telephone or through an audio-only live webcast [2]