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) 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.