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Arq, Inc. - ARQ STOCK NEWS

Welcome to our dedicated page for Arq news (Ticker: ARQ), a resource for investors and traders seeking the latest updates and insights on Arq stock.

Arq, Inc. (ARQ) is an innovative environmental technology company, primarily focused on offering solutions for air, water, and soil treatment. Their products include Activated Carbon (AC) and various chemical technologies that are essential in capturing and removing contaminants. Arq caters to a diverse range of sectors, including coal-fired power generation, industrial, and municipal water treatment, as well as air and soil remediation markets.

Among their comprehensive product portfolio, you will find Powdered Activated Carbon, Granular Activated Carbon, and Colloidal Carbon Products, all designed to address specific environmental issues. Recently, Arq has highlighted significant business and financial achievements, demonstrating their continuous growth and commitment to sustainability.

Arq is transitioning into a full-fledged environmental technology company, emphasizing shareholder value maximization, sustainability, and positive impact for all stakeholders. This transformation is also showcased in their new corporate film, available on their official website.

For the latest updates on financial highlights, business developments, and upcoming events, visit Arq's official website or refer to their recent conference call and webcast information.

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Arq (NASDAQ: ARQ) reported strong Q3 2024 results with revenue of $34.8 million, up 17% year-over-year, driven by higher average selling prices and improved product mix. The company achieved a gross margin of 38.6%, an 800 basis point improvement from the prior year. Net income reached $1.6 million, a significant improvement from a $2.2 million loss in Q3 2023. The company raised approximately $27 million in equity during September 2024, bringing total year-to-date equity raised to $42 million. The Red River GAC facility remains on track for first deliveries in Q1 2025, with potential to increase nameplate capacity by 10-20% without additional capital expenditure.

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Arq (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has released its first-ever Environmental, Social, and Governance (ESG) Report. The report builds on the company's 2023 ESG Overview Tear Sheet and provides a comprehensive assessment of Arq's efforts in environmental impact, employee well-being, and responsible governance.

Key highlights include:

  • Environmental Impact: Arq's proprietary process reclaims and recycles waste coal fines, enhancing water quality and prioritizing water efficiency.
  • Social Responsibility: Safety is a core value, and the company fosters an inclusive culture with team-building activities.
  • Governance: Arq is committed to high standards of corporate governance, with a multi-functional team overseeing the ESG program.

The full 2023 ESG Report is available on Arq's Sustainability Page, reinforcing the company's mission to drive environmental innovation through responsible practices.

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Arq (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has announced the pricing of a public offering of 4,770,000 shares of common stock at $5.25 per share. The offering, expected to close around September 23, 2024, aims to raise approximately $25 million in gross proceeds. Arq has also granted underwriters a 30-day option to purchase up to an additional 715,500 shares.

The company plans to use the net proceeds for general corporate purposes, including working capital, capital expenditures, research and development, commercial expenditures, debt service, and potential acquisitions. Specifically, funds may be directed towards the continued construction of granular activated carbon facilities at Arq's Red River and Corbin manufacturing facilities in Louisiana and Kentucky, respectively.

Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering. The offering is being made through a shelf registration statement and prospectus filed with the SEC.

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Arq, Inc. (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has announced a proposed public offering of common stock. The company intends to grant underwriters a 30-day option to purchase up to an additional 15% of shares. Proceeds will be used for general corporate purposes, including working capital, capital expenditures, and continued construction of granular activated carbon facilities at Red River and Corbin manufacturing sites.

Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering. A shelf registration statement on Form S-3 has been filed with the SEC. The offering will be made through a written prospectus and prospectus supplement, available on the SEC's website.

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Arq (NASDAQ: ARQ) reported its Q2 2024 financial results, showing significant improvements:Revenue increased 24% to $25.4 million, driven by higher average selling prices (ASP) and improved product mix. Gross margin improved to 32%, up from 25% in the prior year period. The company reported a net loss of $2.0 million, a substantial improvement from the $5.9 million loss in Q2 2023. Adjusted EBITDA was $0.5 million, compared to a $3.0 million loss last year.

Arq secured additional granular activated carbon (GAC) supply contracts, now representing 52% of Red River's expanded nameplate capacity. The company's strategic growth projects at Corbin and Red River remain on target, with first GAC deliveries expected in Q1 2025. Capital expenditure forecasts for 2024 remain at $60-$70 million.

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Arq (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has announced its participation in three upcoming investor conferences:

  • Canaccord Genuity 44th Annual Growth Conference (August 13-14, 2024, Boston)
  • H.C. Wainwright 26th Annual Global Investment Conference (September 9-11, 2024, New York)
  • Gabelli Funds' 2nd PFAS Symposium (September 26, 2024, New York)

CEO Bob Rasmus will present at the Canaccord Genuity conference on August 13 at 4:15 p.m. EST. A live webcast will be available on Arq's investor relations website. Presentation materials for all conferences will be accessible at https://ir.arq.com/.

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Arq, Inc. (NASDAQ: ARQ), a producer of activated carbon and environmentally efficient carbon products, has announced its upcoming second quarter 2024 financial results release and conference call. The company plans to release its Q2 2024 financial results and file its Quarterly Report on Form 10-Q after market close on August 12, 2024. A conference call to discuss the financial performance is scheduled for 9:00 a.m. Eastern Time on August 13, 2024.

Interested parties can access the conference call webcast through Arq's website or by registering online. The live call can also be accessed by dialing specific numbers. A supplemental investor presentation will be available on the company's website prior to the call. A replay of the event will be accessible via webcast or by dialing in, with the dial-in replay available until August 20, 2024.

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Arq, Inc. (NASDAQ: ARQ) has secured additional contracted volume for its granular activated carbon (GAC) production at the Red River facility. Total contracted GAC demand now stands at 13 million pounds per annum, representing 52% of Arq's expanded nameplate capacity of 25 million pounds per annum. This milestone has been achieved roughly six months ahead of first production, scheduled for year-end 2024. The pricing for GAC contracts remains attractive, representing a multiple of the company's average powdered activated carbon (PAC) pricing.

The Red River facility expansion project is progressing as planned, with a capital requirement of $60-70 million in 2024. Arq's CEO, Bob Rasmus, expressed confidence in the company's ability to fully contract its nameplate capacity before production begins, citing strong market recognition for their superior products and environmental technology.

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Arq announced its inclusion in the Russell 3000® and Russell 2000® indexes, effective July 1, 2024. CEO Bob Rasmus emphasized that this milestone showcases the company's successful growth strategies and transformation into an environmental technology firm. The Russell US Indexes' annual reconstitution captures the 4,000 largest US stocks, ranked by market capitalization as of April 30. Membership in the Russell 3000® Index ensures Arq's inclusion in related large-cap or small-cap indexes for one year, enhancing its visibility among investors. Russell indexes, managed by FTSE Russell, are benchmarks for $10.5 trillion in assets.

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Pinnacle West Capital Corp. (NYSE: PNW) announced the appointment of three new board members: Ronald Butler Jr., Carol S. Eicher, and Susan T. Flanagan, effective July 1, 2024. Butler, a managing partner at EY, brings 32 years of diverse management experience. Eicher, with over 30 years in global manufacturing and operations, joins the Audit and Nuclear & Operating committees. Flanagan, an energy and renewables expert, joins the Audit and Finance committees. These additions increase the number of directors from nine to 12, of which 11 are independent. Pinnacle West aims to leverage their expertise to enhance strategy and operations in the evolving energy landscape.

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FAQ

What is the current stock price of Arq (ARQ)?

The current stock price of Arq (ARQ) is $6.911 as of November 8, 2024.

What is the market cap of Arq (ARQ)?

The market cap of Arq (ARQ) is approximately 284.4M.

What does Arq, Inc. specialize in?

Arq, Inc. specializes in providing solutions for air, water, and soil treatment using activated carbon and chemical technologies.

What are some key products offered by Arq, Inc.?

Arq, Inc. offers Powdered Activated Carbon, Granular Activated Carbon, and Colloidal Carbon Products among other environmental treatment solutions.

Which markets does Arq, Inc. serve?

Arq, Inc. serves coal-fired power generation, industrial, municipal water and air treatment, and soil remediation markets.

How is Arq, Inc. contributing to environmental sustainability?

Arq, Inc. contributes to sustainability by developing technologies and products that help capture and remove contaminants from air, water, and soil.

Where can I find the latest updates about Arq, Inc.?

Latest updates about Arq, Inc. can be found on their official website and through their conference call and webcast information.

What is the recent transformation mentioned by Arq, Inc.?

Arq, Inc. is transforming into an environmental technology company with a core focus on sustainability and maximizing shareholder value.

Who can I contact for investor information about Arq, Inc.?

For investor information, you can contact Anthony Nathan or Marc Silverberg at investors@arq.com.

What is Arq, Inc.'s stock symbol?

Arq, Inc.'s stock symbol is ARQ.

Has Arq, Inc. released any new corporate content recently?

Yes, Arq, Inc. has released a new corporate film outlining their vision and transformation, available on their website.

What are the main goals of Arq, Inc. in their industry?

Arq, Inc.'s main goals are to drive positive change, enhance sustainability, and maximize shareholder value in the environmental technology sector.

Arq, Inc.

Nasdaq:ARQ

ARQ Rankings

ARQ Stock Data

284.45M
41.28M
19.1%
26.54%
2.85%
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