Ecovyst reports Q4 adjusted EPS 22c, consensus 23c

Reports Q4 revenue $172.8M, consensus $169.48M. “Despite the ongoing uncertainty in the macro-economic environment, stability in demand fundamentals for both our Ecoservices and Advanced Materials & Catalysts segments, in combination with Ecovyst’s diverse end use exposures, contributed to our solid financial results for the fourth quarter of 2023. Ecovyst’s Adjusted EBITDA of $70 million was up 1% compared to the fourth quarter of 2022, and cash generation remained favorable in the fourth quarter, providing for a reduction in our net debt leverage ratio to 3.0x at year-end,” said Kurt Bitting, Ecovyst’s CEO. “In 2023, we continued to advance our strategic objectives, positioning Ecovyst for growth as we continue to provide our customers with products and technologies that we believe are essential in meeting the increasing demand for cleaner-burning and sustainable fuels, advanced recycling technologies, and expansion of low-carbon technologies. Examples of key strategic projects in 2023 to support this growth include the previously announced planned expansion of silica catalyst production capacity at our Kansas City, Kansas facility, our first sales of Advanced Silicas for fast growing bio-catalysis applications, and the planned investments at our Chem32 facility which we anticipate will improve performance and enable future expansions.”