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. (NYSE: ECVT) is a specialty chemicals company that reports on developments across sulfuric acid services, catalyst technologies and corporate finance. News about Ecovyst often highlights its position as a provider of virgin sulfuric acid, sulfuric acid recycling and regeneration services, chemical waste handling and treatment, and ex-situ catalyst activation services, as well as its historical activities in advanced materials and specialty catalysts.
Investors following ECVT news can expect regular earnings releases covering sales, net income or loss, Adjusted EBITDA and other non-GAAP financial measures. These updates frequently distinguish between continuing operations and discontinued operations, particularly in relation to the Advanced Materials & Catalysts business. Guidance updates for sales, Adjusted EBITDA, Adjusted Free Cash Flow, capital expenditures and leverage metrics are also common topics in the company’s news flow.
Ecovyst’s news includes coverage of strategic actions such as the acquisition of sulfuric acid production assets in Waggaman, Louisiana, and the agreement and subsequent completion of the sale of its Advanced Materials & Catalysts segment to Technip Energies. Releases have described how these transactions relate to Ecovyst’s sulfuric acid network, supply reliability, capacity expansion and balance sheet structure, including targeted net debt leverage ratios.
Other recurring themes in Ecovyst news are amendments to its ABL facility and term loan, stock repurchase activity under its authorized program, and conference call and webcast announcements for quarterly results. For readers tracking ECVT, the news stream provides insight into demand trends for sulfuric acid in refining and mining, developments in catalyst-related businesses through the Zeolyst Joint Venture, and the company’s capital allocation priorities. Bookmarking this page allows for convenient access to Ecovyst’s latest press releases and event notifications as they are reported.
Ecovyst Inc. (NYSE: ECVT) will host a conference call on July 29, 2022, at 11:00 a.m. Eastern Time to discuss its Q2 2022 financial results. Investors can join the call by dialing 1 (800) 343-4849 for domestic or 1 (203) 518-9765 for international access, using participant code ECVTQ222. An audio-only webcast will also be available, with a replay accessible later through the company's investor relations page. Ecovyst is recognized for its contributions to environmental sustainability through specialty catalysts and services.
Ecovyst Inc. (NYSE: ECVT) announced that CEO Kurt Bitting will present at the Deutsche Bank 13th Annual Global Materials Conference on June 9 at 2:15 p.m. Eastern. The presentation will be live-streamed and accessible to media, investors, and the public via Ecovyst’s website. The archived webcast will be available for playback for 90 days post-event. Ecovyst is a leading provider of specialty catalysts focusing on sustainability, with businesses in sulfuric acid recycling and catalyst technologies. For more details, visit www.ecovyst.com.
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Ecovyst (NYSE: ECVT) has appointed Gene Shiels as its new Director of Investor Relations, effective immediately. With over 18 years of experience, Shiels previously served as the Director of Investor Relations at Kraton Corporation until its sale in March 2022. He has held various roles at Baker Hughes, enhancing his expertise. Shiels will report to CFO Mike Feehan, aiming to strengthen investor relations and support the company’s innovative catalyst and services offerings globally, focusing on sustainability.
Ecovyst Inc. (NYSE:ECVT) appointed Kurt J. Bitting as CEO and Kevin M. Fogarty as Chairman of the Board while announcing a $450 million stock repurchase program. The company reported Q1 2022 sales of $180 million, a 42% increase year-over-year, with net income of $8 million. Adjusted EBITDA rose 40% to $59 million, reflecting strong demand and pricing power, despite cost pressures from inflation. Ecovyst reiterated its 2022 guidance, projecting sales of $810-$830 million. The addition of independent directors aims to enhance strategic leadership for sustainable growth.
Ecovyst Inc. (NYSE: ECVT) announced a live conference call on April 28, 2022, at 5:00 p.m. Eastern Time to discuss its first-quarter financial results. Investors can join via phone at 1 (800) 909-7113 (domestic) or 1 (785) 830-1914 (international) using the code ECVTQ122. An audio-only webcast is also available at investor.ecovyst.com, with a replay option following the event. Ecovyst focuses on specialty catalysts and services that support global sustainability efforts.
Ecovyst reported significant growth in 2021, with sales rising 23% to $611.2 million and Adjusted EBITDA increasing by 18% to $227.6 million. Despite a decrease in net income, driven by higher costs, the company successfully launched as a pure-play catalyst and services provider. Q4 2021 sales surged 37% year-over-year, reaching $170.2 million. The outlook for 2022 projects sales between $730 million and $750 million, alongside a 16% expected increase in Adjusted EBITDA. The company is also focusing on sustainability with a strong emphasis on innovation in its product offerings.
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.
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