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Advanced Emissions Solutions, Inc. (NASDAQ: ADES), headquartered in Harbor Beach, MI, stands at the forefront of environmental solutions for power generation, industrial, and municipal water purification markets. ADES is dedicated to producing high-quality activated carbon products and innovative carbon solutions to address pollution control and sustainability challenges.
Known for its strategic acquisitions and robust product portfolio, ADES recently acquired subsidiaries of Arq Limited, enhancing its technological capabilities and market reach. This acquisition has paved the way for growth capital projects at its manufacturing facilities, expanding and diversifying its product offerings, including the development of granular activated carbon (GAC) technologies.
The company's proprietary solutions, such as ADA® M-Prove™ Technology and products from ADA-ES, Inc., ensure effective control of mercury and other contaminants from coal-fired power generators and other industrial sources. ADES's broad suite of products, including those from CarbPure Technologies LLC and FluxSorb LLC, cater to diverse markets with a focus on potable water treatment, wastewater remediation, and emerging environmental challenges.
Financially, ADES has shown resilience with strategic initiatives aimed at optimizing its PAC portfolio and improving gross margins. Despite a challenging market environment, the company achieved significant revenue from consumables and reported positive EBITDA in recent quarters. As of September 30, 2023, ADES's cash balance, including restricted cash, stood at $61.3 million, underscoring its robust financial position.
Furthermore, ADES is on track with its capital projects, including the construction of new GAC facilities at its Red River and Corbin plants, expected to be completed by the end of 2024. These initiatives are anticipated to position ADES as a leading supplier of GAC products, leveraging its vertically integrated supply chain and innovative technologies.
With a commitment to environmental sustainability and a cleaner future, ADES continues to evolve, evidenced by its upcoming rebrand to Arq, Inc. The rebrand symbolizes the company's transformation into a leading North American environmental technology firm, poised to deliver high-performing, environmentally efficient products and solutions to its clients.
Advanced Emissions Solutions (NASDAQ: ADES) is set to release its second quarter 2022 financial results after market close on August 15, 2022. The company will file its Quarterly Report on Form 10-Q for the period ending June 30, 2022, and will host a conference call on August 16, 2022, at 9:00 a.m. Eastern Time. Interested investors can access the call through the company's website, along with a supplemental investor presentation. A question and answer session will follow, with investors encouraged to submit questions via email.
Advanced Emissions Solutions (ADES) reported a 42% growth in consumables revenue for Q1 2022, totaling $26.4 million compared to $18.5 million in Q1 2021. However, the company faced a net loss of $3.0 million, a sharp decline from last year's net income of $13.7 million, primarily due to margin pressures following the winddown of its former RC business. Consolidated Adjusted EBITDA dropped to $0.9 million, down from $26.1 million year-over-year. Cash reserves remained stable at $89.8 million. ADES continues to monitor market conditions, with expectations of sustained demand in upcoming quarters.
Advanced Emissions Solutions (NASDAQ: ADES) announced it will release its Q1 2022 financial results on May 9, 2022, after market close. The Quarterly Report on Form 10-Q for the period ending March 31, 2022, will accompany the release. A conference call to discuss the results is scheduled for May 10, 2022, at 9:00 a.m. ET. Investors can access the call via the company’s website and submit questions via email. A supplemental investor presentation will also be available before the call.
Advanced Emissions Solutions (ADES) has announced a price increase of 15% to 20% on all activated carbon products and front-end coal additives, effective April 1, 2022. This move is attributed to inflationary pressures on key raw materials, transportation, and operational costs. As the company navigates the post-pandemic landscape, it emphasizes its commitment to meeting customer needs while ensuring business viability. The company aims to maintain reliable supply capabilities to support its clientele in the power generation and industrial sectors.
Advanced Emissions Solutions (ADES) reported a strong performance for the year ended December 31, 2021, with earnings per share of $3.27. The APT segment achieved record full-year revenue of $85.9 million, a significant increase from $53.9 million in 2020. Consolidated revenue rose to $100.3 million, up from $67.4 million, with a net income of $60.4 million, recovering from a net loss of $20.3 million the previous year. Despite increased revenues, Tinuum's distributions dropped significantly, indicating challenges ahead. The company anticipates cash flows of $4.0 million to $5.0 million from Tinuum during H1 2022.
Advanced Emissions Solutions (NASDAQ: ADES) announced plans to release its fourth quarter 2021 financial results and file its Annual Report on Form 10-K on March 8, 2022, after market close. A conference call to discuss the financial performance will be held on March 9, 2022, at 9:00 a.m. Eastern Time. Investors can access the call via the Investor Resources section of the company’s website. A supplemental investor presentation will also be available before the call, which will include a question and answer session for interested parties.
Advanced Emissions Solutions (NASDAQ: ADES) reported strong financials for Q3 2021, with revenues reaching $28.9 million, up from $19.5 million year-over-year, a 48% increase. The company achieved a net income of $24.3 million compared to $5.0 million in the prior year. The APT segment reported record revenues of $24.7 million, a substantial increase from $15.8 million. Tinuum Group distributions to ADES were $22.9 million, up from $9.7 million. Despite this growth, margins are expected to face pressure due to tight inventory supply.
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) announced it will release its Q3 2021 financial results and file its Quarterly Report on Form 10-Q on November 9, 2021, after market close. A conference call is scheduled for November 10, 2021, at 9:00 a.m. Eastern Time to discuss the financial performance. The call will be accessible through the Investor Resources section of ADES's website. Interested parties can register for the call and submit questions in advance via email. A supplemental investor presentation will also be available prior to the call.
Advanced Emissions Solutions (ADES) reported significant financial improvements for Q2 2021, with consolidated revenue rising to $19.6 million from $11.5 million in Q2 2020. Net income surged to $16.6 million, contrasting with a net loss of $23.8 million a year earlier. The APT segment's revenue increased to $16.0 million, while the RC segment's operating income reached $24.9 million. Future after-tax net RC cash flows are forecasted between $30 million and $40 million. ADES also eliminated its term loan, enhancing its financial stability.
Advanced Emissions Solutions (NASDAQ: ADES) plans to announce its Q2 2021 financial results on August 9, 2021, after market close. The report will include the Quarterly Report on Form 10-Q for the period ending June 30, 2021. Following this, a conference call will take place on August 10, 2021, at 9:00 a.m. Eastern Time to discuss the results. Investors can access the call via the Investor Resources section of ADES’s website, with a supplemental presentation available beforehand.
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