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PureCycle Technologies(PCT) - 2025 Q4 - Earnings Call Transcript
2026-02-26 23:02
PureCycle Technologies (NasdaqCM:PCT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAnand Balaji - VP of Industrial Technology Equity ResearchDonald Carpenter - Incoming CFODustin Olson - CEOEric DeNatale - Director of Investor RelationsGerry Sweeney - Managing DirectorJaime Vasquez - Retiring CFOConference Call ParticipantsHassan Ahmed - Senior Equity AnalystJeffrey Campbell - Senior Analyst of Cleantech and SustainabilityLuke Persons - Sell-Side Equity Research Analyst of Clean T ...
PureCycle Technologies(PCT) - 2025 Q4 - Earnings Call Transcript
2026-02-26 23:02
PureCycle Technologies (NasdaqCM:PCT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAnand Balaji - VP of Industrial Technology Equity ResearchDonald Carpenter - Incoming CFODustin Olson - CEOEric DeNatale - Director of Investor RelationsGerry Sweeney - Managing DirectorJaime Vasquez - Retiring CFOConference Call ParticipantsHassan Ahmed - Senior Equity AnalystJeffrey Campbell - Senior Analyst of Cleantech and SustainabilityLuke Persons - Sell-Side Equity Research Analyst of Clean T ...
PureCycle Technologies(PCT) - 2025 Q4 - Earnings Call Transcript
2026-02-26 23:00
PureCycle Technologies (NasdaqCM:PCT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker7Good day. Thank you for standing by. Welcome to the PureCycle Technologies Fourth Quarter 2025 Corporate Update. At this time, all participants are on listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press star one one on your telephone. You will hear an automated message advising your hand is raised. To withdraw ...
PureCycle Technologies Reports Fourth Quarter Fiscal Year 2025 Results & Corporate Update
Globenewswire· 2026-02-26 21:05
Company achieves record 7.5 million pounds of PureFive® production in Q4; appoints Donald Carpenter as CFO; progresses Gen-2 design showing path to costs below virgin polypropyleneORLANDO, Fla., Feb. 26, 2026 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, today, announced results for the fourth quarter and fiscal year ending December 31, 2025. Fourth Quarter 2025 Highlights Operations Produced record 7.5 million pounds of PureFive® rPP ...
PureCycle Technologies and TOPPAN Establish Partnership to Deliver Sustainable Packaging Solutions with Recycled Content
Globenewswire· 2026-02-18 14:00
Core Viewpoint - PureCycle Technologies and TOPPAN have formed a partnership aimed at enhancing sustainability in flexible films and thermoformed packaging, responding to the increasing demand for high-quality recycled content from brand owners to meet global regulatory requirements [1][3]. Partnership and Product Development - The collaboration has led to the creation of a snack bar wrapper that contains over 30% recycled content, showcasing the capabilities of PureCycle's PureFive resin in flexible packaging applications [2]. - The snack bar wrapper demonstrates essential printability and functionality required by leading snack brands while significantly reducing environmental impact [2][3]. Sustainability Goals - The partnership emphasizes that food safety, regulatory compliance, performance, and environmental responsibility should progress together, not in competition [3]. - The companies are now focusing on multiple thermoforming applications where major brand owners are seeking recycled content solutions to comply with upcoming mandates [3]. Technological Innovation - PureCycle's dissolution recycling process converts post-consumer polypropylene packaging into virgin-like PureFive resin, effectively removing impurities that limit traditional recycling [4]. - The resulting PureFive resin meets FDA standards for food-contact applications and performs comparably to virgin resin, facilitating integration into existing manufacturing processes [4]. Market Positioning - The collaboration illustrates how innovative partnerships can yield commercially viable packaging that meets regulatory requirements and brand expectations [4][5]. - The partnership aims to enable brand owners to fulfill their sustainability commitments without compromising on quality, safety, or performance [5].
PureCycle Schedules Fourth Quarter and Fiscal Year Ending 2025 Corporate Update
Globenewswire· 2026-02-12 21:10
Core Insights - PureCycle Technologies, Inc. will host a conference call on February 26, 2026, to update on recent corporate developments and fourth quarter and fiscal year results ending December 31, 2025 [1][2] Group 1: Conference Call Details - The conference call is scheduled for 5:00 p.m. EST on February 26, 2026, and will include a live Q&A session for analysts [2][3] - Participants can access the call via a provided link and submit questions in advance through email [3] Group 2: Corporate Overview - PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., holds a global license for a patented dissolution recycling technology developed by Procter & Gamble, aimed at transforming polypropylene plastic waste into a renewable resource [4] - The purification process results in PureFive™ resin, which can be recycled and reused multiple times, altering the relationship with plastic [4]
Agilyx ASA - EUR 14 million placement of the Convertible Bonds fully funds execution of updated strategy through 2027
Prnewswire· 2026-02-06 14:10
OSLO, Norway, Feb. 6, 2026 /PRNewswire/ -- Agilyx ASA (OSE: AGLX:OTCQX: AGXXF: ISIN: NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") references the November 4 and October 24, 2025 stock exchange notices regarding the successful placements of Tranche 1 of EUR 24 million subordinated convertible bonds with maturity date 30 June 2028 and with ISIN NO0013684860 (the "Convertible Bonds"). Agilyx today announces a bond tap issue of EUR 14 million of the Convertible Bonds (the "Bond Tap Issue"). Following t ...
Loop Industries Q3 Earnings Call Highlights
Yahoo Finance· 2026-01-15 18:27
Core Insights - Loop Industries is progressing on its India and Europe growth plans, highlighting a new multi-year supply agreement with Nike and ongoing project financing efforts [4] India Facility - The Infinite Loop India manufacturing facility is on budget and on schedule for completion by the end of 2027, with a multi-year, take-or-pay supply agreement with Nike as an anchor customer [3][7] - The facility is expected to have five to six customers in total, with ongoing discussions with additional consumer packaged goods and apparel companies [1][7] - The India project has a debt package of approximately $130 million, covering about 70% of project financing, with Loop's equity contribution expected to be around $28 million [6][18] Supply Agreements - Loop executed a supply contract with Nike, providing a fixed annual volume of "Twist," a textile-to-textile polyester resin, at a fixed price for multiple years [2] - The contract includes a "take-or-pay" element, ensuring Nike pays a percentage of the sales price even if it does not take delivery [2] European Strategy - Site selection for a licensed 70,000-ton European plant is nearing completion, with a lead site in Germany under negotiation [5][14] - A modular construction approach is being considered for the European plant, which could reduce capital costs by approximately 50% [5][12] - The European plant is expected to be primarily packaging-focused, with potential for textile processing depending on customer needs [16] Engineering and Construction - Toyo, a Japanese engineering and construction company, has been hired to complete detailed engineering for the India facility, which began on November 1 [11] - Engineering and milestone payments from the European project are anticipated to generate meaningful revenue and profits for Loop over the next three years [15] Financial Overview - Loop's cash operating expenses for the quarter were reported at $2.2 million, down $1.1 million year over year, with total liquidity available at $7.7 million [18] - The company is focused on raising the remaining financing needed for its equity contribution and operating expenses until the India facility becomes operational [19] Market Opportunity - Growing demand for textile-to-textile recycling is emphasized, driven by regulatory changes in Europe aimed at increasing recycled content in clothing [8] - Loop's technology is well-suited for processing post-consumer textile waste, which represents a significant market opportunity, with global polyester textiles totaling about 85 million tons per year [9]
CFOs On the Move: Week ending Jan. 9
Yahoo Finance· 2026-01-09 09:38
Appointments in Finance Leadership - Marqeta appointed Patti Kangwankij as finance chief effective Feb. 9, 2025, succeeding Mike Milotich who became CEO in September 2025 [2] - Josh Borfitz was promoted to senior associate athletic director and CFO of the University of North Carolina Athletics, succeeding Martina Ballen who is retiring after 38 years [3] - Loop Industries named Spencer Hart as CFO effective Jan. 15, 2025, with interim CFO Mike De Notaris continuing as vice president of corporate development [4] - Green Plains appointed Ann Reis as CFO, replacing Phil Boggs who has held multiple finance leadership roles for 16 years and has been CFO since November 2024 [5] Background of New Appointees - Patti Kangwankij has a background in finance from Roofstock and Stripe, and previously worked at JPMorgan Chase for 14 years [2] - Josh Borfitz has been part of the Carolina Athletics' financial leadership for eight years and previously worked as a CPA with PwC [3] - Spencer Hart has been on Loop's board since February 2025 and has experience as a senior managing director at Guggenheim Securities [4] - Ann Reis has over 20 years of experience in agribusiness, energy, and financial services, previously serving as CFO at Southwest Iowa Renewable Energy [5]
Valerie Mars Appointed to PureCycle's Board of Directors
Globenewswire· 2025-12-18 13:00
Core Insights - PureCycle Technologies, Inc. has appointed Valerie Mars to its Board of Directors, effective January 1, 2026, bringing extensive experience in corporate development and sustainability [1][2][3] Group 1: Appointment Details - Valerie Mars is a fourth-generation member of the Mars family and has over 30 years of experience at Mars, Incorporated, where she served as Senior Vice President and Head of Corporate Development [2] - Mars holds a bachelor's degree from Yale University and a master's degree from Columbia Business School [2] Group 2: Strategic Alignment - PureCycle's CEO, Dustin Olson, highlighted Mars' advocacy for sustainable business practices and her role in initiatives like Mars' 'Sustainable in a Generation' plan, which aims to reduce the use of virgin plastics and carbon footprint [3] - Mars expressed her commitment to sustainability and her enthusiasm for contributing to PureCycle's mission, particularly after witnessing the company's innovative recycling technology in action [3] Group 3: Company Overview - PureCycle Technologies holds a global license for a patented dissolution recycling technology developed by Procter & Gamble, designed to transform polypropylene plastic waste into a renewable resource [4] - The purification process used by PureCycle removes impurities from 5 plastic waste, resulting in PureFive™ resin that can be recycled and reused multiple times, thereby changing the relationship with plastic [4]