Overview
Ecovyst Q3 sales from continuing ops grow 33% yr/yr but miss analyst expectations
Adjusted EBITDA for Q3 misses analyst estimates despite Ecoservices segment growth
Company announces divestiture of Advanced Materials & Catalysts for $556 mln
Outlook
Ecovyst revises 2025 sales guidance to $700 mln-$740 mln for Ecoservices
Company expects 2025 Adjusted EBITDA of approximately $170 mln
Ecovyst anticipates $75 mln-$85 mln in Adjusted Free Cash Flow for 2025
Result Drivers
VIRGIN SULFURIC ACID DEMAND - Strong demand for virgin sulfuric acid contributed to sales growth, supported by mining applications and copper mine expansion projects
FAVORABLE PRICING - Favorable contractual pricing in regeneration services supported Ecoservices segment growth despite lower volumes
CUSTOMER DOWNTIME - Unplanned and extended customer downtime led to lower regeneration services volume, partially offsetting sales growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $204.90 mln | $219.20 mln (5 Analysts) |
Q3 Adjusted EPS | Meet | $0.19 | $0.19 (6 Analysts) |
Q3 Net Income | -$79.30 mln | ||
Q3 Adjusted EBITDA | Miss | $57.50 mln | $67 mln (6 Analysts) |
Q3 Gross Profit | $52.10 mln | ||
Q3 Operating Income | $28.30 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified chemicals peer group is "buy"
Wall Street's median 12-month price target for Ecovyst Inc is $12.00, about 31.1% above its November 3 closing price of $8.27
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nPn59cNhza
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)