ECVT
Ecovyst Inc.9.23
-0.08-0.86%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Wagaman synergies, mining color deepen outlook.
Q&A drilled into Wagaman's 10% volume addition and network synergies, like deepwater exports and turnaround backups, boosting Gulf Coast mining flexibility. Regen pricing gets similar annual lifts from 15-20% contract rollovers. Merchant acid market remains balanced, tilted by rising mining demand from new copper projects. Expansions align with customer ramps; guidance low-end risks outages or macro weakness. Management stayed crisp on M&A appetite for sulfuric assets. Q&A largely reaffirms outlook. Mining logistics matter next.
Key Stats
Market Cap
1.06BP/E (TTM)
-Basic EPS (TTM)
-0.27Dividend Yield
0%Recent Filings
10-K
FY2025 results
Ecovyst's FY2025 sales climbed 20.9% y/y to $723.5M, fueled by higher pricing from sulfur pass-throughs and virgin sulfuric acid volume boosted by the Waggaman acquisition, yet regenerated sulfuric acid volumes dipped from customer downtime while gross margins compressed to 21.9% on inflation and maintenance. Q4 saw aggressive buybacks totaling 2.2M shares for $20M, trimming remaining authorization to $182M after $47M repurchased yearly. Debt slashed to $397M post-$465M term loan prepay from the year-end Advanced Materials divestiture. Strong $118M operating cash flow underscores resilience. Seasonal gasoline demand swings threaten quarterly momentum.
8-K
Sells unit, cuts debt sharply
Ecovyst completed its $556M sale of the Advanced Materials & Catalysts segment to Technip Energies in Q4 2025, using $465M proceeds to slash term loan debt and hit 1.2x net leverage. Continuing ops sales jumped 34% to $199.4M with Adjusted EBITDA up 7.5% to $51.3M, fueled by Waggaman acquisition and pricing. Debt crushed. Guides 2026 Adjusted EBITDA to $175M-$195M amid mining demand.
8-K
Sells catalysts unit for $556M
Ecovyst completed the sale of its Advanced Materials & Catalysts business to Technip Energies on December 31, 2025, for $556 million in cash, subject to adjustments. The deal triggered a mandatory $161.5 million term loan repayment, plus a voluntary $303.5 million payback that slashed debt. Leadership streamlined: Paul Whittleston exited as president. Pro forma cash jumps to $490 million.
8-K
Whittleston retention bonus approved
Ecovyst's Compensation Committee approved a supplemental retention bonus for VP Paul Whittleston on December 8, 2025—three months' base salary, payable post-sale of the AM&C business to Technip Energies N.V. This tops up his prior award under the December 2024 program, tied to strategic review outcomes. Retention secured. Sale success remains key.
10-Q
Q3 FY2025 results
Ecovyst's continuing operations posted Q3 sales of $204.9M, up 33.1% y/y from $153.9M, fueled by higher industrial, mining & automotive revenue at $96.4M (47% of total) and pass-through sulfur costs, while regeneration services hit $99.2M. Gross profit climbed 15.5% y/y to $52.1M (25.4% margin, down from 29.3%), operating income edged up 2.9% y/y to $28.3M, but net income from continuing operations fell to near breakeven from $14.8M on a 98.2% tax rate from divestiture effects. Cash from continuing operations reached $77.6M YTD (up from $66.0M), $82.0M cash balances with $85.6M ABL availability; closed Cornerstone assets May 2025 for $41.3M cash, recognizing $0.4M goodwill. Signed Sept 10 to sell Advanced Materials & Catalysts for $556M (Q1 2026 close expected). Competition pressures refining volumes.
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