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Arq Inc (ARQ) delivers innovative environmental solutions through advanced activated carbon and chemical technologies for air, water, and soil remediation. This news hub provides investors and industry professionals with essential updates on the company's developments in contaminant removal markets.
Track key updates including quarterly earnings, product innovations, regulatory compliance milestones, and strategic partnerships. Our curated collection ensures access to ARQ's official communications and market analyses without promotional bias.
Discover announcements spanning new manufacturing processes, environmental certifications, and collaborations with industrial partners. Content is organized to highlight ARQ's role in sectors from municipal water treatment to coal-fired power generation compliance.
Bookmark this page for streamlined access to ARQ's evolving position in environmental technology. Check regularly for verified updates that matter to stakeholders in remediation industries and sustainable infrastructure.
Arq (NASDAQ: ARQ), a producer of activated carbon and environmental carbon products, has scheduled its first quarter 2025 financial results release and Form 10-Q filing for May 7, 2025, before market open. The company will host a conference call the same day at 8:30 a.m. Eastern Time to discuss its financial performance.
Investors can access the conference call through Arq's website investor section or by registering online. The call can also be accessed by dialing (877) 407-0890 or +1 201-389-0918. A supplemental investor presentation will be available prior to the call, and a replay will be accessible until May 14, 2025.
Arq (NASDAQ: ARQ) has appointed Jay Voncannon as Chief Financial Officer, effective April 2, 2025. Voncannon, a 35-year finance veteran, joins from CoorsTek, Inc., where he served as CFO and successfully guided the company through expansion and profitability improvements.
Prior to CoorsTek, Voncannon spent over 20 years as a senior finance executive at Koch Industries. In his new role at Arq, a producer of activated carbon and environmentally efficient carbon products, he will oversee all aspects of financial strategy and operations, including planning, accounting, tax, treasury, and internal audit. Based at Arq's headquarters in Greenwood Village, Colorado, he will report directly to CEO Bob Rasmus.
Arq (NASDAQ: ARQ) reported strong financial results for FY 2024, with revenue increasing 10% YoY to $109.0 million, driven by higher Average Sales Price (ASP) and improved product mix. The company achieved a 36.2% gross margin, up 410 basis points from 2023, marking its third consecutive quarter of positive Adjusted EBITDA.
Key financial metrics include a net loss of ($5.1 million) for FY 2024, significantly improved from ($12.2 million) in 2023, and Adjusted EBITDA of $7.7 million compared to ($2.6 million) loss in the previous year. The company secured a $30 million ABL facility, enhancing financial flexibility.
The company's GAC facility development is progressing, with first production expected by Q1 2025 end and ramp-up to 25 million pounds nameplate capacity targeted for H2 2025. Approximately 16 million pounds of capacity is already contracted, with negotiations ongoing for remaining capacity.
Arq (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has announced its upcoming participation in the Water Tower Research Fireside Chat Series. The event will feature CEO Bob Rasmus and is scheduled for March 10, 2025, at 11:00 AM Eastern Standard Time.
The Fireside Chat will be accessible to all investors through an open-access format. Interested participants can register through the provided Zoom webinar link. The event will also be available through Arq's investor relations website in the Events and Presentation section, with a replay option available after the event.
Arq (NASDAQ: ARQ), a producer of activated carbon and environmental carbon products, has announced its Q4 and FY 2024 earnings release schedule and upcoming investor conference participation. The company will release its financial results and Form 10-K for the period ended December 31, 2024, after market close on March 5, 2025.
A conference call is scheduled for March 6, 2025, at 8:30 a.m. Eastern Time. Participants can join via webcast through Arq's website or by dialing (877) 407-0890 or (201) 389-0918. A replay will be available until March 13, 2025.
The company will also participate in three upcoming investor events: the Canaccord Genuity Sustainability Virtual Summit (February 26), the 37th Annual ROTH Conference (March 16-18), and Gabelli Funds' 16th Annual Specialty Chemicals Symposium (March 20).
Arq (NASDAQ: ARQ) provided an update on its Granular Activated Carbon (GAC) project, confirming that initial production at the Red River facility remains on schedule for Q1 2025. The company expects to reach full production capacity of 25 million pounds annual run-rate in H2 2025.
Commercial discussions for GAC are progressing with PFAS-related, biogas, and industrial customers, with early pricing indicating strong opportunities. The company is strategically timing contract commitments to align with production ramp-up in H2 2025.
Capital expenditures for Q4 2024 exceeded expectations, bringing the full-year 2024 GAC project capex to approximately $80 million. The increase was attributed to additional professional services and piping needs. Arq has initiated legal proceedings against its design firm for alleged negligence and contract breaches, seeking damages for increased costs and delays.
Arq (NASDAQ: ARQ) has successfully closed a $30 million asset-based revolving credit facility with MidCap Financial. The facility will be used to refinance Arq's outstanding CF Global Term Loan, fund growth capital expenditures, and support working capital requirements at its Red River plant.
The facility allows Arq to draw up to $30 million based on 85% of eligible accounts receivable and 85% of eligible inventory's net orderly liquidation value. The five-year term facility carries an interest rate of Adjusted Term SOFR + 4.50%, with a SOFR floor of 2.5%. According to CEO Bob Rasmus, this facility enhances financial flexibility while reducing capital costs to better align with the company's current business position.
Arq (NASDAQ: ARQ) reported strong Q3 2024 results with revenue of $34.8 million, up 17% year-over-year, driven by higher average selling prices and improved product mix. The company achieved a gross margin of 38.6%, an 800 basis point improvement from the prior year. Net income reached $1.6 million, a significant improvement from a $2.2 million loss in Q3 2023. The company raised approximately $27 million in equity during September 2024, bringing total year-to-date equity raised to $42 million. The Red River GAC facility remains on track for first deliveries in Q1 2025, with potential to increase nameplate capacity by 10-20% without additional capital expenditure.
Arq (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has released its first-ever Environmental, Social, and Governance (ESG) Report. The report builds on the company's 2023 ESG Overview Tear Sheet and provides a comprehensive assessment of Arq's efforts in environmental impact, employee well-being, and responsible governance.
Key highlights include:
- Environmental Impact: Arq's proprietary process reclaims and recycles waste coal fines, enhancing water quality and prioritizing water efficiency.
- Social Responsibility: Safety is a core value, and the company fosters an inclusive culture with team-building activities.
- Governance: Arq is committed to high standards of corporate governance, with a multi-functional team overseeing the ESG program.
The full 2023 ESG Report is available on Arq's Sustainability Page, reinforcing the company's mission to drive environmental innovation through responsible practices.
Arq (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has announced the pricing of a public offering of 4,770,000 shares of common stock at $5.25 per share. The offering, expected to close around September 23, 2024, aims to raise approximately $25 million in gross proceeds. Arq has also granted underwriters a 30-day option to purchase up to an additional 715,500 shares.
The company plans to use the net proceeds for general corporate purposes, including working capital, capital expenditures, research and development, commercial expenditures, debt service, and potential acquisitions. Specifically, funds may be directed towards the continued construction of granular activated carbon facilities at Arq's Red River and Corbin manufacturing facilities in Louisiana and Kentucky, respectively.
Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering. The offering is being made through a shelf registration statement and prospectus filed with the SEC.