Welcome to our dedicated page for Ecovyst news (Ticker: ECVT), a resource for investors and traders seeking the latest updates and insights on Ecovyst stock.
Ecovyst Inc. reports developments tied to its Ecoservices business, which provides virgin sulfuric acid, regenerated sulfuric acid products and sulfuric acid regeneration services. Its updates also cover sulfuric acid recycling for North American refining customers, virgin acid for industrial and mining applications, chemical waste handling and treatment, and ex-situ catalyst activation services for the refining and petrochemical industries.
Company news commonly addresses operating results, outlook updates, capital allocation, share repurchases, debt reduction and governance matters. Recent corporate history also includes the completed sale of the Advanced Materials & Catalysts segment, with the divested business reported in discontinued operations and Ecovyst centered on its continuing sulfuric acid and related services platform.
Ecovyst Inc. (NYSE: ECVT) announced its fourth quarter and full year 2021 earnings call scheduled for February 25, 2022, at 11:00 a.m. Eastern Time. Investors can participate via telephone or an audio-only webcast, accessible on the company's investor relations website. Ecovyst specializes in providing specialty catalysts and services, focusing on sustainable solutions across industries. The company operates two distinct units: Ecoservices, offering sulfuric acid recycling, and Catalyst Technologies, which produces silica catalysts and zeolites.
Ecovyst (NYSE: ECVT) has appointed Christopher Evans as the new head of its Investor Relations, effective immediately. Evans, with over a decade of experience in the chemical industry, previously served as Director of Investor Relations and Strategy at The Chemours Company. He also has a background as a sell-side equity analyst at Goldman Sachs and academic experience from ExxonMobil. Evans holds a PhD in Chemistry from the University of Rochester. This leadership change aims to enhance Ecovyst's investor engagement and communication strategies.
Ecovyst Inc. (NYSE: ECVT) announced a public offering of 8,000,000 shares of its common stock at $9.50 per share, expected to close on November 23, 2021. The offering is by Selling Stockholders, who will receive all net proceeds, while the Company will not sell shares. Additionally, there’s a 30-day option for underwriters to purchase 1,200,000 more shares. Citigroup, Deutsche Bank Securities, and Credit Suisse are the lead managers. The registration for the offering was filed on April 26, 2021, with the SEC.
Ecovyst Inc. (NYSE: ECVT) reported that certain stockholders intend to offer 12,500,000 shares of common stock under its existing shelf registration with the SEC. The underwriters have a 30-day option to purchase an additional 1,875,000 shares. All proceeds will benefit the Selling Stockholders, with no shares sold by the company. Citigroup, Deutsche Bank Securities, and Credit Suisse are the lead managers for this offering. The press release emphasizes that it does not constitute an offer to sell securities in unlawful jurisdictions.
Ecovyst Inc. (NYSE: ECVT) reported third-quarter sales of $167.4 million, marking a 28.1% increase. The company achieved a net income of $4.7 million with diluted EPS of $0.03 and an adjusted EBITDA of $69.4 million, up 44.3%. Cash from operations totaled $84.9 million, while adjusted free cash flow was $57.9 million. The company upgraded its 2021 outlook for sales to $590 million to $600 million and adjusted EBITDA to $220 million to $225 million, reflecting a stronger recovery in demand.
Ecovyst Inc. (NYSE: ECVT) has announced a conference call scheduled for November 9, 2021, at 11:00 a.m. Eastern Time to discuss its third quarter 2021 earnings results. Investors can participate by calling 1 (800) 459-5346 for domestic access or 1 (203) 518-9544 internationally, using participant code ECVTQ321. A live audio-only webcast will be available at https://investor.ecovyst.com, with a replay accessible afterward at https://investor.ecovyst.com/events-presentations.
Ecovyst Inc. (NYSE: ECVT) reported second-quarter results with sales of $147.0 million, a 27.2% increase year-over-year, driven by regeneration services and higher sulfur costs. However, the company posted a net loss of $7.9 million due to debt extinguishment costs. Adjusted net income reached $14.9 million, with an adjusted EBITDA of $52.7 million. The company completed the sale of its Performance Chemicals business for $1.1 billion, using proceeds to reduce debt and announcing a special cash dividend of $3.20 per share.