STOCK TITAN

Ecovyst Inc. - ECVT STOCK NEWS

Welcome to our dedicated page for Ecovyst news (Ticker: ECVT), a resource for investors and traders seeking the latest updates and insights on Ecovyst stock.

Ecovyst Inc. (NYSE: ECVT) is a dynamic catalyst and services company with a robust history spanning over 200 years under the umbrella of PQ Corporation. Ecovyst operates through two core business segments: Ecoservices and Advanced Materials & Catalysts, both committed to fostering ecological health and driving customer growth.

Ecoservices specializes in sulfuric acid recycling for North American refineries, crucial for producing high-value alkylate used in gasoline. They also supply on-purpose virgin sulfuric acid for various industrial applications, including mining, water treatment, and agriculture. Their regeneration services support stringent gasoline standards and high-octane premium fuel production, ensuring higher fuel efficiency and cleaner emissions.

Advanced Materials & Catalysts focuses on providing proprietary and customized catalysts that improve fuel efficiency and reduce emissions. This segment includes their joint venture, Zeolyst, which innovates in the production of zeolites used in renewable fuels, refining, and emissions control systems. Their silica catalysts are essential in producing high-strength plastics and other sustainable materials.

Recent achievements include the launch of Zeolyst's branded product portfolio, highlighting their innovative approach to sustainable catalysis and adsorption for a greener future. Financially, Ecovyst reported a stable outlook despite macroeconomic challenges, reflecting strong demand fundamentals and strategic investments aimed at enhancing production capabilities and environmental performance.

Looking ahead, Ecovyst plans to further its commitment to sustainability with initiatives like the installation of an advanced emission control system at their Orange, Texas site, aimed at meeting regulatory standards and expanding production capacity to meet growing demand for cleaner fuels.

With a strong commitment to innovation, strategic partnerships, and sustainable practices, Ecovyst Inc. continues to play a pivotal role in advancing clean energy solutions and ecological health.

Rhea-AI Summary

Ecovyst (NYSE: ECVT) reported Q3 2024 results with sales of $179.2 million, up from $173.3 million in Q3 2023. Net income was $14.3 million ($0.12 per share), down from $16.6 million year-over-year. Adjusted EBITDA decreased 12% to $59.8 million with a 28.5% margin. Operating cash flow improved to $106.4 million for the nine months ended September 30, 2024. The company maintained its full-year 2024 guidance with Adjusted EBITDA of $230-245 million and sales of $700-740 million. Ecoservices segment showed resilience with favorable pricing, while Advanced Materials & Catalysts segment saw timing shifts in orders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
-
Rhea-AI Summary

Ecovyst Inc. (NYSE: ECVT), a leading provider of advanced materials, specialty catalysts, and services, has announced its upcoming third quarter 2024 earnings conference call and webcast. The event is scheduled for Thursday, October 31, 2024, at 11:00 a.m. Eastern Time.

Investors can participate in the conference call by dialing 1 (800) 267-6316 (domestic) or 1 (203) 518-9783 (international) and using the participant code ECVTQ324. An audio-only live webcast and presentation materials will be available at https://investor.ecovyst.com. A replay of the conference call and webcast will also be accessible on the company's investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Summary

Ecovyst Inc. (NYSE: ECVT), a provider of advanced materials, specialty catalysts, and services, has announced its participation in CL King's 22nd Annual Best Ideas Conference 2024. Kurt Bitting and Mike Feehan, both Chief Financial Officers of Ecovyst, will present on Monday, September 16, 2024, from 12:30 to 1:05 p.m. Eastern.

The presentation will be broadcast live via webcast, accessible to investors, media, and the public. A link to the webcast will be available on Ecovyst's website under the 'Investors/Events & Presentations' section, or directly at https://wsw.com/webcast/clk24/ecvt/1661440. The webcast will remain archived and available for replay for at least 90 days after the event, providing an opportunity for those unable to attend live to access the information.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
conferences
Rhea-AI Summary

Ecovyst Inc. (NYSE: ECVT) reported Q2 2024 results with sales of $182.8 million, down slightly from $184.1 million in Q2 2023. Net income was $8.3 million, compared to $26.1 million in the year-ago quarter. Adjusted EBITDA was $56.9 million, down 28% year-over-year. The company updated its 2024 guidance, lowering full-year Adjusted EBITDA expectations to $230-$245 million from $255-$275 million previously. Ecovyst cited softening demand in sustainable fuel production and emission control end uses, as well as a more cautious outlook for industrial demand for virgin sulfuric acid. The company repurchased 552,081 shares at an average price of $9.05 per share during Q2 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.56%
Tags
-
Rhea-AI Summary

Ecovyst Inc. (ECVT) has announced a $4.5 million equity investment in Pajarito Powder, a company specializing in supports and catalysts for electrolyzers and fuel cells. This strategic move aligns with Ecovyst's goal to expand its Advanced Materials & Catalysts capabilities into emerging markets, particularly the hydrogen economy.

The investment is based on Ecovyst's belief in the growth potential of green hydrogen, with market projections suggesting a 20-fold increase by 2030. Pajarito Powder plans to use the funds to advance its technology, strengthen customer partnerships, and grow its business. The companies also intend to engage in joint development efforts, leveraging their respective strengths in material science and manufacturing.

As part of the deal, Ecovyst will appoint a representative to Pajarito Powder's Board of Directors. The collaboration aims to explore new applications for mesoporous carbon and accelerate growth in supports and catalysts for electrolyzers and fuel cells.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
-
Rhea-AI Summary

Ecovyst Inc. (NYSE: ECVT), a global provider of advanced materials, specialty catalysts, and services, has announced its upcoming second quarter 2024 earnings conference call and webcast. The event is scheduled for Thursday, August 1, 2024, at 11:00 a.m. Eastern Time. Investors can participate via telephone by dialing 1 (800) 343-5419 (domestic) or 1 (203) 518-9731 (international) using the participant code ECVTQ224. Additionally, an audio-only live webcast and presentation materials will be accessible at https://investor.ecovyst.com. A replay of the conference call and webcast will be made available on the company's investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.99%
Tags
conferences earnings
Rhea-AI Summary

Ecovyst (NYSE: ECVT) released its 2023 Sustainability Report titled 'Advancing the Global Shift Toward Sustainability' on June 25, 2024. The report highlights data on health, safety, environmental sustainability (HSES), greenhouse gas emissions, energy consumption, water usage, and waste management for the year 2023.

CEO Kurt J. Bitting emphasized the company's progress towards sustainability goals through innovative research and development, focusing on reducing greenhouse gas intensity and optimizing energy use with AI and software technology. Ecovyst aims for best-in-class HSES performance and professional development to benefit employees and stakeholders. The report outlines the company's sustainability objectives for 2025 and 2030, reinforcing its commitment to fostering a sustainable economy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
-
Rhea-AI Summary

Ecovyst Inc. (NYSE: ECVT) announced the successful amendment and extension of its senior secured term loan facility, now totaling $873 million. The new terms reduce the interest rate margin to SOFR plus 2.25% from the previous SOFR plus 2.75% and extend the loan maturity to June 2031. Additionally, the Credit Spread Adjustment of 10 basis points has been eliminated. Ecovyst expects to save approximately $3 million annually in cash interest due to these favorable changes. This adjustment provides the company with greater financial flexibility to pursue growth opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
none
-
Rhea-AI Summary

Zeolyst International, a joint venture of Ecovyst (NYSE: ECVT), has commissioned a new laboratory scale thermal pyrolysis reactor for advanced recycling of plastic waste. Located at Ecovyst's technical center in Conshohocken, PA, the reactor aims to optimize zeolite-based materials to enhance plastic recycling efficiency. Zeolyst's Opal Infinity™ zeolite products were introduced during Ecovyst's investor day in November 2023, highlighting their commitment to plastic circularity. This initiative involves approximately 45 scientists and technicians, focusing on developing advanced materials and catalysts. This new investment supports the development of sustainable solutions and improves the efficiency of thermal processes in plastic recycling.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
Rhea-AI Summary

Ecovyst Inc. reported first-quarter results for 2024, with sales of $160.5 million and net income of $1.2 million. The company delivered solid results with growth in Ecoservices and Zeolyst Joint Venture. Adjusted EBITDA increased by 6% to $45.5 million. Cash generation was strong, leading to a reduction in net debt leverage ratio to 2.9x. The company provided a positive outlook for 2024, expecting sales of $715-$755 million, Adjusted EBITDA of $255-$275 million, and Free Cash Flow of $85-$105 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.05%
Tags

FAQ

What is the current stock price of Ecovyst (ECVT)?

The current stock price of Ecovyst (ECVT) is $7.615 as of November 1, 2024.

What is the market cap of Ecovyst (ECVT)?

The market cap of Ecovyst (ECVT) is approximately 867.4M.

What are the main business segments of Ecovyst Inc.?

Ecovyst operates through two main segments: Ecoservices, which provides sulfuric acid recycling and virgin sulfuric acid for various industries, and Advanced Materials & Catalysts, which offers proprietary and customized catalysts for cleaner fuels and sustainable materials.

What recent achievements has Ecovyst Inc. made?

Ecovyst recently launched Zeolyst's branded product portfolio and reported stable financial results despite economic challenges, driven by strong demand for their regeneration services and catalysts.

What role does Ecovyst play in sustainability?

Ecovyst contributes to sustainability through their sulfuric acid recycling, which supports cleaner fuel production, and through their advanced catalysts, which improve fuel efficiency and reduce emissions.

How does Ecovyst support ecological health?

Ecovyst's technologies and products support ecological health by contributing to lower emissions, cleaner air, and the transition to clean energy through their specialized catalysts and services.

What strategic investments is Ecovyst currently making?

Ecovyst is investing in an advanced emission control system at their Orange, Texas site and expanding their silica catalyst production capabilities to meet growing demand for cleaner fuels and sustainable materials.

How does Ecovyst's Ecoservices segment contribute to the refining industry?

Ecoservices provides sulfuric acid recycling for refineries, supporting the production of alkylate, a component critical for high-octane gasoline. They also supply virgin sulfuric acid for water treatment, mining, and other industrial uses.

What are the key products offered by Ecovyst's Advanced Materials & Catalysts segment?

Advanced Materials & Catalysts offers silica-based catalysts and supports, essential for producing high-strength plastics and sustainable materials. They also provide specialty zeolites through their Zeolyst joint venture.

What financial outlook has Ecovyst provided for the coming year?

Ecovyst expects continued strong demand for their regeneration services and moderate recovery in virgin sulfuric acid sales, with significant growth anticipated in catalysts for sustainable fuels and advanced recycling technologies.

How does Ecovyst plan to manage its capital allocation in the future?

Ecovyst's capital allocation strategy focuses on strategic investments in emerging technologies and core businesses, supported by strong cash generation and a flexible approach to funding operations and share repurchases.

What are some of Ecovyst's key sustainability initiatives?

Ecovyst's sustainability initiatives include advanced catalyst technologies that support cleaner fuel production, innovative recycling solutions, and ongoing efforts to enhance their manufacturing processes with a focus on environmental stewardship.

Ecovyst Inc.

NYSE:ECVT

ECVT Rankings

ECVT Stock Data

867.42M
116.47M
9.28%
97.66%
2.39%
Specialty Chemicals
Chemicals & Allied Products
Link
United States of America
MALVERN