Advanced Emissions Solutions Inc - ADES STOCK NEWS

Advanced Emissions Solutions, Inc. (ADES) has announced the execution of a contract with Wieland Davco Corporation for the construction of a strategic Granular Activated Carbon (GAC) facility at its Red River plant in Coushatta, LA. The completion of the project is anticipated by Q4 2024, with estimated construction and equipment costs in the range of $45-50 million, representing an increase of approximately 20% on previous guidance. The increase is attributed to higher construction and equipment costs due to inflationary and timing-related issues. The company is confident that the increase is covered by its existing capital, anticipated cashflow in 2024, and reductions in other costs. Additionally, major construction work at its Corbin facility in Kentucky, which will provide the recycled bituminous coal waste feedstock for Red River, remains on track to be completed on time and within budget. The CEO of ADES expressed optimism about the project and the undersupplied GAC market in North America, expecting valuable sales contracts against the expansion in the coming months. The COO also emphasized the determination of the operational team to drive the project forward, with the construction partner expressing dedication to excellence in construction.

Advanced Emissions Solutions, Inc. (NASDAQ: ADES) has announced a corporate rebrand to Arq, Inc. effective February 1, 2024, following the completed acquisition of Arq Limited and its subsidiaries in February 2023. This transformation positions the company as a leading North American environmental technology company, offering high-performing patented products to accelerate industrial customers towards a cleaner, more sustainable future. The rebrand aims to deliver greater stakeholder value, diversify the product portfolio, and expand growth opportunities. The addition of Arq's proprietary feedstock base of bituminous coal waste is expected to turbocharge growth and profitability, reduce the carbon footprint, and solidify the company's leadership in the activated carbon market.

Advanced Emissions Solutions, Inc. (ADES) will attend the Virtual Sidoti Micro-Cap Conference to meet with institutional investors, analysts, family offices, and high net-worth investors. The Company’s CEO, VP of Finance, and Head of Investor Relations will participate in one-on-one and group meetings, along with a presentation by management.

Advanced Emissions Solutions, Inc. (NASDAQ: ADES) reported third-quarter financial results, highlighting a 5% growth in consumables revenue and a significant improvement in gross margin. The company also announced the appointment of a new COO and the commencement of construction at Red River to produce granular activated carbon. Third-quarter consumables revenue was $29.8 million with a gross margin of 30.6%. The company reported a net loss of $2.2 million, an improvement from the prior year period. Cash balances as of September 30, 2023, totaled $61.3 million.

Advanced Emissions Solutions, Inc. (ADES) has entered into a framework for a definitive supply agreement with Unicarb® Activated Carbons, a product group of LSR Materials GmbH & Co KG, to address the growing European markets for water purification products. The proposed relationship will leverage ADES' activated carbon production and LSR's expertise in the European market. ADES will be attending the Aquatech conference in Amsterdam to further discuss the opportunity.

Advanced Emissions Solutions, Inc. (NASDAQ: ADES) will release its Q3 2023 financial results and file its Form 10-Q on November 8, 2023. A conference call to discuss the results will be held on November 9, 2023, at 9:00 a.m. ET. Interested parties can join the call via dial-in or webcast.

Advanced Emissions Solutions, Inc. (NASDAQ: ADES) announced the beginning of the initial phase of construction at Red River in Louisiana. The project, expected to start in November, includes the installation of new processes to produce commercial scale granular activated carbon. The company retains the option to expand the scope of the plant up to $251 million. The project will be completed by the end of 2026 if fully implemented.

Jeremy "Deke" Williamson appointed as COO of Advanced Emissions Solutions (ADES)

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