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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.

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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.

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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.

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Ecovyst Inc. (NYSE: ECVT) will host a conference call and webcast on May 2, 2024, to discuss its first quarter 2024 financial results. Investors can listen to the call live via telephone or access the webcast online.
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Ecovyst Inc. (NYSE: ECVT) recognizes outstanding teams with 2023 Sustainability Leadership Awards for impactful climate change reduction projects, sustainable product innovation, and social contributions.
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Ecovyst Inc. (ECVT) reported its fourth-quarter and full-year 2023 results, with sales of $691.1 million, down from $820.2 million in 2022. Despite challenges like lower sales volume due to Winter Storm Elliott, the company achieved net income of $71.2 million and Adjusted EBITDA of $259.9 million. The company's focus on sustainability earned it a Platinum rating from EcoVadis. For 2024, Ecovyst expects sales of $715 million to $755 million and Adjusted EBITDA of $255 million to $275 million.
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Ecovyst Inc. appoints Sarah Lorance as a director and nominates Don Althoff for election, expanding the Board to nine members. The company aims for diversity in experience and perspectives to enhance stakeholder value and advance growth strategies.
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Ecovyst Inc. achieves Platinum sustainability rating from EcoVadis, placing it in the top one percent of rated companies. The rating recognizes Ecovyst's commitment to sustainability, corporate social responsibility, and innovative products for a more sustainable future.
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Ecovyst Inc. (NYSE: ECVT) will hold a conference call to discuss its Q4 2023 financial results on February 28, 2024. Investors can participate via telephone or webcast.
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Ecovyst Inc. (NYSE: ECVT) plans to invest in a new air emission control system at its Orange, Texas site to increase efficiency and enable future production capacity expansion. The project is part of Ecoservices' Chem32 business, which provides hydro-processing catalysts for traditional and renewable fuels. The new control system is expected to meet regulatory standards and support the increasing demand for cleaner burning fuels.
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Ecovyst Inc. (ECVT) has appointed Kara L. Thornton as Vice President and Chief Human Resources Officer. The company aims to align its people strategy with its overall goals and ensure the attraction, development, and retention of talent. Thornton's extensive experience in Human Resources will contribute to advancing Ecovyst's strategic objectives.
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FAQ

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

The current stock price of Ecovyst (ECVT) is $8 as of November 20, 2024.

What is the market cap of Ecovyst (ECVT)?

The market cap of Ecovyst (ECVT) is approximately 925.1M.

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

925.09M
105.71M
9.27%
94.17%
2.44%
Specialty Chemicals
Chemicals & Allied Products
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United States of America
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