Advanced Emissions Solutions Will Increase Prices on all Activated Carbon Products and Front-End Coal Additives
Advanced Emissions Solutions (ADES) has announced a price increase of 15% to 20% on all activated carbon products and front-end coal additives, effective April 1, 2022. This move is attributed to inflationary pressures on key raw materials, transportation, and operational costs. As the company navigates the post-pandemic landscape, it emphasizes its commitment to meeting customer needs while ensuring business viability. The company aims to maintain reliable supply capabilities to support its clientele in the power generation and industrial sectors.
- Price increase of 15% to 20% on products may improve revenue stability.
- Continued commitment to customer needs amidst supply chain challenges.
- Price increases may lead to customer pushback or reduced demand.
- Operational costs remain high, affecting profit margins.
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GREENWOOD VILLAGE, Colo., April 01, 2022 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq: ADES) (the "Company" or "ADES"), the parent company of ADA-ES, Inc. and ADA Carbon Solutions, LLC (collectively, "ADA"), today announced a price increase, effective April 1, 2022 or as contract terms permit, on all activated carbon products and front-end coal additives. The increase will vary from
As we begin to emerge from the COVID-19 Global Pandemic, the lasting impacts on the global supply chain remain evident. Our number one priority has, and will continue to be, meeting the needs of our customers through reliable and consistent supply requirements. However, these price increases have become necessary due to the inflationary rise in cost for key raw materials, transportation including fuel, and operational costs to produce and deliver our products. This price recovery is a necessary step to ensure the business remains in a strong position to continue reliably serving our customers in today’s environment.
About Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. serves as the holding entity for a family of companies that provide emissions solutions to customers in the power generation and other industries.
ADA brings together ADA Carbon Solutions, LLC, a leading provider of powder activated carbon ("PAC") and ADA-ES, Inc., the providers of ADA® M-Prove™ Technology. We provide products and services to control mercury and other contaminants at coal-fired power generators and other industrial companies. Our broad suite of complementary products control contaminants and help our customers meet their compliance objectives consistently and reliably.
CarbPure Technologies LLC, (“CarbPure”), formed in 2015 provides high-quality PAC and granular activated carbon ideally suited for treatment of potable water and wastewater. Our affiliate company, ADA Carbon Solutions, LLC manufactures the products for CarbPure.
Caution on Forward-Looking Statements
Statements in this press release regarding the Company's business that are not historical facts, including statements concerning maintaining business profitability and allowing for future investment, are forward-looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR Group
Ryan Coleman or Chris Hodges
312-445-2870
ADES@alpha-ir.com
FAQ
What is the reason behind ADES's price increase announced on April 1, 2022?
When will the price increase for Advanced Emissions Solutions products take effect?
What percentage increase is ADES implementing on its activated carbon products?
How is ADES responding to post-pandemic supply chain challenges?
