Welcome to our dedicated page for Advanced Emissions Solutions news (Ticker: ADES), a resource for investors and traders seeking the latest updates and insights on Advanced Emissions Solutions stock.
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) delivers innovative environmental technologies for pollution control and water purification markets. This news hub provides investors and industry stakeholders with essential updates on ADES's strategic initiatives, including its recent acquisition of Arq Limited subsidiaries and expansion into granular activated carbon (GAC) production.
Discover comprehensive coverage of ADES's financial performance, product developments, and sustainability efforts. Our curated news collection features earnings reports, merger & acquisition details, and progress updates on critical projects like the Red River GAC facility expansion.
Stay informed about regulatory developments impacting the activated carbon market and ADES's responses through official press releases. Key focus areas include mercury control technologies, water treatment solutions, and the company's planned rebrand to Arq, Inc. reflecting its environmental tech leadership.
Bookmark this page for real-time access to ADES's corporate communications. Monitor how the company leverages its vertically integrated supply chain and $61.3 million cash position to address North America's growing demand for sustainable industrial solutions.
Advanced Emissions Solutions (NASDAQ: ADES) announced the full repayment of its $6.0 million term loan as of June 1, 2021, completing a $70.0 million loan agreement initially secured to acquire ADA Carbon Solutions. This significant milestone enhances ADES's financial position, allowing unencumbered ownership of the Red River plant and associated assets. The company's interim CEO expressed satisfaction with meeting expectations for early loan repayment, emphasizing the goal of optimizing cash flows to maximize shareholder value.
Advanced Emissions Solutions (NASDAQ: ADES) announced a strategic review to explore options for maximizing shareholder value. CEO Greg Marken highlighted the company’s strong market position in activated carbon and noted the cessation of RC cash flows by year-end and elimination of remaining term loan debt by Q2 2021. The company has engaged Ducera Partners as financial advisor and Gibson, Dunn & Crutcher LLP as legal advisor for this process, which aims for a timely review, although no specific timeline or guarantees for a transaction completion were provided.
Advanced Emissions Solutions (ADES) reported strong Q1 2021 results, with consolidated revenue rising to $21.1 million from $12.3 million year-over-year. Net income surged to $13.7 million compared to a net loss of $1.9 million previously. The APT segment saw revenues of $17.0 million, up from $9.2 million, while the RC segment's operating income rose to $22.3 million. Future after-tax RC cash flows are projected between $50 million and $60 million. Despite a minor fire incident at the Red River plant, operations resumed swiftly without major injuries or significant production losses.
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) announced it will release its first quarter 2021 financial results and file its 10-Q after market close on May 10, 2021. A conference call to discuss these results is set for May 11, 2021, at 9:00 a.m. Eastern Time. The call will be accessible via the Investor Resources section on the company’s website. Participants can also register for the call. A supplemental investor presentation will be available before the call, and questions from investors are encouraged to be emailed in advance.
Advanced Emissions Solutions (NASDAQ: ADES) reported an isolated fire incident at its Red River Plant in Coushatta, Louisiana, resulting in non-life-threatening injuries to two employees. The plant is expected to be down for one to two weeks while the company conducts an investigation. Interim CEO Greg Marken emphasized the company’s commitment to workplace safety and confirmed that there is adequate inventory to meet customer commitments during the downtime. The company collaborates with local authorities to address the incident.
Advanced Emissions Solutions (NASDAQ: ADES) announced a price increase of 10% to 15% on all activated carbon products and front-end coal additives, effective April 1, 2021, or as contract terms allow. This adjustment is attributed to rising costs in raw materials, transportation, and operations, deemed necessary to sustain the company’s ability to provide reliable service amid the ongoing COVID-19 pandemic. The company emphasizes its commitment to meeting customer needs while ensuring business profitability.
Advanced Emissions Solutions (ADES) reported its financial results for 2020, highlighting a $20.2 million distribution from Tinuum, up from $17.1 million in 2019. However, full-year consolidated revenue fell to $61.6 million from $70.1 million, with a net loss of $20.3 million. The renamed APT segment generated $14.9 million in Q4 revenue, marking a 25% increase. Future net cash flows from RC are forecasted at $70 million to $90 million. ADES repaid $6 million of its term loan, leaving a $16 million balance. Overall, the company showed some operational improvements alongside notable financial challenges.
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) will release its fourth quarter 2020 financial results and Annual Report on Form 10-K on March 10, 2021, after market close. A conference call to discuss the results is scheduled for March 11, 2021, at 9:00 a.m. Eastern Time. Interested participants can access the conference call through the Investor Resources section of ADES's website. A supplemental investor presentation will be available prior to the call, providing further insights into the Company's performance.
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) has entered a 5-year supply agreement with Cabot Norit Nederland B.V. to provide lignite activated carbon products for mercury removal in coal-fired power plants across Europe, Turkey, the Middle East, and Africa. This exclusive partnership aims to enhance manufacturing utilization and expand geographical reach. Interim CEO Greg Marken emphasized that the agreement marks a pivotal step in the company's transition to a post-Refined Coal future, aiming to capitalize on new market opportunities as mercury regulations are implemented in the EMEA region.
Advanced Emissions Solutions, Inc. (ADES) announced the completion of a transaction for an additional Refined Coal (RC) facility through its joint venture, Tinuum Group, LLC. This expansion brings Tinuum Group to a total of 23 invested facilities in operation. The new facility, located at a coal plant, is estimated to burn approximately 2.0 million tons of coal annually and is royalty-bearing to ADES. Interim CEO Greg Marken highlighted this achievement as a continuation of momentum in securing third-party investors for refined coal facilities in 2020.
