Ecovyst Inc Stock Price, News & Analysis

Ecovyst Inc. (NYSE: ECVT) has announced successful amendments to its ABL credit agreement through its subsidiary, Ecovyst Catalyst Technologies The Amended ABL Facility maintains its $100 million value and extends the term by over three years to April 2030.

The facility will bear interest at Term SOFR or base rate plus a margin of 1.25% - 1.75% or 0.25% - 0.75% respectively. This amendment follows January 2025's Term Loan Facility modification, which reduced interest rate spread by 25 basis points to Term SOFR plus 2.00% per annum.

According to CFO Mike Feehan, these changes are expected to enhance financial flexibility, reduce credit risk, lower borrowing costs, and improve liquidity.

Ecovyst Inc. (NYSE: ECVT), a global provider of advanced materials, specialty catalysts and services, has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025 at 11:00 a.m. ET. The company will present its Q1 2025 financial results via telephone and webcast.

Investors can participate by dialing 1 (800) 225-9448 (domestic) or 1 (203) 518-9708 (international) using the participant code ECVTQ125. An audio webcast and presentation materials will be available at the investor relations section of Ecovyst's website, with a replay accessible afterward.

Ecovyst Inc. (NYSE: ECVT) and Enzyme Supplies have signed a Memorandum of Understanding (MOU) to accelerate the growth of enzyme immobilization technologies. The partnership combines Ecovyst's expertise in silica-based materials with Enzyme Supplies' knowledge in industrial enzymes.

The collaboration aims to commercialize industrial biocatalysts by attaching enzymes to functionalized silicas, which enhances stability and enables reuse, improving economics compared to traditional liquid-based systems. Enzyme Supplies will focus on developing unique processes for various industries including biofuels, agriculture, paper & pulp, food processing, brewing, and baking.

This strategic partnership is expected to develop novel biocatalyst solutions and increase commercialization rates of solutions that improve process efficiencies and overall sustainability.

Ecovyst Inc. (NYSE: ECVT) has announced an agreement to acquire the sulfuric acid production assets from Cornerstone Chemical Company in Waggaman, Louisiana. The transaction is expected to close in Q2 2025 and will be funded with cash on hand.

The strategic acquisition aims to expand Ecoservices' capacity for regeneration and virgin sulfuric acid customers while enhancing operational flexibility in the Gulf Coast network. The Waggaman plant's location near Ecovyst's Baton Rouge site is expected to strengthen the company's regional presence.

The assets are being acquired below replacement value and at a favorable transaction multiple compared to Ecovyst's current trading multiple, considering expected post-integration EBITDA. This aligns with the company's strategy of pursuing high-return organic growth initiatives and strategic bolt-on investments in Ecoservices.

Ecovyst (NYSE: ECVT) reported its Q4 and full-year 2024 results, with annual sales reaching $704.5 million, up from $691.1 million in 2023. The company posted a net loss of $6.7 million for 2024, with adjusted EBITDA of $238.2 million.

Q4 2024 sales were $182.0 million, a 5% increase from Q4 2023, though the company recorded a net loss of $30.5 million, including a $65 million non-cash impairment charge on Zeolyst Joint Venture investment. The Ecoservices segment showed growth with Q4 sales of $148.9 million, while Advanced Materials & Catalysts segment faced challenges.

For 2025, Ecovyst projects sales between $755-815 million, with adjusted EBITDA of $238-258 million. The company's Board has launched a strategic review of the Advanced Materials & Catalysts segment, expected to complete by mid-2025. Under its stock repurchase program, Ecovyst bought back 552,081 shares for $5.0 million in 2024.

Ecovyst Inc. (NYSE: ECVT) has scheduled its fourth quarter 2024 financial results conference call and webcast for Thursday, February 27, 2025, at 11:00 a.m. Eastern Time. Investors can participate via telephone by dialing 1 (800) 267-6316 (domestic) or 1 (203) 518-9783 (international) using the participant code ECVTQ424. The company, which specializes in advanced materials, specialty catalysts, and services, will provide an audio-only webcast accessible through their investor relations website. Presentation materials and a replay of the conference call will be available at the company's investor website.

Ecovyst Inc. (NYSE: ECVT) and ChiralVision B.V. have signed a Memorandum of Understanding (MOU) to collaborate on enzyme immobilization technologies. The partnership combines Ecovyst's expertise in advanced materials and silica manufacturing with ChiralVision's specialization in support functionalization and enzyme immobilization.

The collaboration aims to develop innovative technologies that enhance the efficiency and sustainability of enzyme-based processes in industrial applications. ChiralVision brings nearly two decades of experience in enzymatic process development, while Ecovyst contributes its material science expertise and large-scale manufacturing capabilities.

This strategic partnership focuses on optimizing biocatalysis for more sustainable and cost-effective industrial processes, with particular emphasis on improving enzyme stability and performance through advanced silica technology.

Ecovyst Inc. (NYSE: ECVT) has initiated a strategic review of its Advanced Materials & Catalysts (AM&C) business unit, aiming to maximize shareholder value. AM&C consists of two divisions: Advanced Silicas, which provides silica-based materials for polyethylene and biocatalysts production, and Zeolyst International, a joint venture with Shell focusing on zeolite-based materials for sustainable fuels. CEO Kurt Bitting expressed optimism about AM&C's long-term outlook and highlighted its role as a critical innovation partner. The review is expected to complete by Mid-2025, though the company notes it may not result in any transaction.

Ecovyst Inc. (NYSE: ECVT), a specialty catalysts and services provider, has announced its participation in the Bank of America 2024 Leveraged Finance Conference. Nate Connor, Vice President of Finance & Treasurer, will deliver a presentation on Tuesday, December 3, 2024, at 3:30 p.m. Eastern.

The presentation will be accessible through a live webcast available to investors, media, and the public. Interested parties can access the webcast through Ecovyst's website under the Investors section or directly via the Bank of America conference link. The webcast recording will remain available for replay for at least 90 days following the event.