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Ecovyst (ECVT) - 2024 Q2 - Earnings Call Transcript
2024-08-04 16:21
Ecovyst Inc. (NYSE:ECVT) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Gene Shiels - Director of Investor Relations Kurt Bitting - Chief Executive Officer Michael Feehan - Chief Financial Officer Conference Call Participants Alex Yefremov - KeyBanc Capital Markets Patrick Cunningham - Citi Laurence Alexander - Jefferies Hamed Khorsand - BWS Financial David Silver - CL King Operator Good morning. My name is Madison [ph] and I will be your conference operator today. Welcome ...
Ecovyst (ECVT) - 2024 Q2 - Quarterly Report
2024-08-02 20:01
Table of Contents Title of each class Trading symbol Name of each exchange on which registered Common stock, par value $0.01 per share ECVT New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...
Ecovyst (ECVT) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 12:15
Ecovyst (ECVT) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this specialty chemical producer would post earnings of $0.07 per share when it actually produced earnings of $0.04, delivering a surprise of -42.86%. Over the last four quarter ...
Ecovyst (ECVT) - 2024 Q2 - Quarterly Results
2024-08-01 10:02
Exhibit 99.1 Ecovyst Reports Second Quarter 2024 Results MALVERN, PA, August 1, 2024 -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today reported results for the second quarter ended June 30, 2024 and updated fiscal 2024 guidance. Second Quarter 2024 Results & Highlights ▪ Sales of $182.8 million, compared to $184.1 million in the second quarter of 2023, reflecting lower average selling ...
Ecovyst Reports Second Quarter 2024 Results
Prnewswire· 2024-08-01 10:00
MALVERN, Pa., Aug. 1, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today reported results for the second quarter ended June 30, 2024 and updated fiscal 2024 guidance. Second Quarter 2024 Results & Highlights Sales of $182.8 million, compared to $184.1 million in the second quarter of 2023, reflecting lower average selling prices in Ecoservices as a result of the passth ...
Ecovyst Announces Equity Investment in Pajarito Powder, a Hydrogen Catalyst Company
Prnewswire· 2024-07-25 11:00
MALVERN, Pa., July 25, 2024 /PRNewswire/ -- Ecovyst Inc. (the "Company"), a leading innovative and integrated global provider of advanced materials, specialty catalysts and services, is proud to announce a key equity investment of $4.5 million in Pajarito Powder, an innovative materials science company that specializes in supports and catalysts required for electrolyzers and fuel cells. Pajarito Powder is expected to deploy the Ecovyst investment to advance its strongly positioned technology, deepen custome ...
Ecovyst to Host Second Quarter 2024 Earnings Conference Call and Webcast on Thursday, August 1, 2024 at 11:00 a.m. ET
Prnewswire· 2024-07-15 20:45
MALVERN, Pa., July 15, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, announced today that it will conduct a conference call and audio-only webcast on Thursday, August 1, 2024 at 11:00 a.m. Eastern Time to review its second quarter 2024 financial results. Ecovyst Inc. and subsidiaries is a leading integrated and innovative global provider of advanced materials, specialty catalysts and services. We s ...
Ecovyst: Enticing, Attractively Priced
Seeking Alpha· 2024-07-09 08:20
I started tracking Ecovyst (NYSE:ECVT) in 2023 and quickly realized they had a very durable business, competitively speaking, which anyone would find attractive. Their share price has fallen nearly 20% since the ~$11/share price in March, leading me to circle back around. The fundamental story is one of stability - being largely levered to oil and gas production and industrial activity, they're not a growth-y business. However, while most people would disregard this stock for terminal value reasons given th ...
Ecovyst Issues 2023 Sustainability Report
Prnewswire· 2024-06-25 16:54
To read the full 2023 Ecovyst Sustainability Report, please go to: https://www.ecovyst.com/wpcontent/uploads/2024/06/Ecovyst-2023-Sustainability-Report.pdf We have two uniquely positioned specialty businesses: Ecoservices provides sulfuric acid recycling to the North American refining industry for the production of alkylate and provides high quality and high strength virgin sulfuric acid for industrial and mining applications. Ecoservices also provides chemical waste handling and treatment services, as well ...
Ecovyst Successfully Amends and Extends Term Loan Facility
Prnewswire· 2024-06-12 20:35
MALVERN, Pa., June 12, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity. The Amended Term Loan Facility will have intere ...