Ecovyst completed a transformational year marked by the $556 million divestiture of its Advanced Materials & Catalysts segment and the acquisition of the Waggaman assets. The company significantly deleveraged its balance sheet, reducing its net debt leverage ratio to 1.2x, while delivering Q4 sales growth of 33.9% driven by higher virgin sulfuric acid volumes and sulfur cost pass-throughs.
Ecovyst delivered a solid second quarter in 2025, with sales increasing by 9.5% year-over-year to $200.1 million, driven by strong performance in the Ecoservices segment and the acquisition of Waggaman sulfuric acid assets. Despite the sales growth, net income decreased to $6.0 million from $8.3 million in the prior year, primarily due to higher costs and other operating expenses. Adjusted EBITDA was $55.7 million, at the high end of their guidance range, indicating strong operational performance.
Ecovyst's first quarter 2025 results showed a slight increase in sales but a net loss compared to net income in the prior year quarter. Adjusted EBITDA also decreased. The Ecoservices segment was impacted by higher costs and lower sales volume due to planned turnarounds, while the Advanced Materials & Catalysts segment saw stronger results driven by favorable sales timing in specialty and hydrocracking catalysts.
Ecovyst reported Q4 2024 sales of $182.0 million, a 5% increase compared to Q4 2023. The company experienced a net loss of $30.5 million, but adjusted net income was $33.0 million. Adjusted EBITDA increased by 8.7% to $75.9 million, with a margin of 35.3%. The Ecoservices segment saw increased sales volume and positive pricing, while the Advanced Materials & Catalysts segment experienced higher sales in advanced silicas but lower sales in the Zeolyst Joint Venture.
Ecovyst reported sales of $179.2 million and net income of $14.3 million for the third quarter of 2024. The Ecoservices segment demonstrated resilience, while the Advanced Materials & Catalysts segment experienced mixed results.
Ecovyst reported sales of $182.8 million, a slight decrease from the previous year, but net income significantly dropped to $8.3 million. Adjusted EBITDA was $56.9 million, reflecting lower net pricing in Ecoservices and reduced sales in the Zeolyst Joint Venture, partially offset by strong demand in Ecoservices and Advanced Silicas.
Ecovyst reported sales of $160.5 million with a net income of $1.2 million. Adjusted EBITDA increased by 6% to $45.5 million, driven by higher sales volume in Ecoservices. Strong cash generation allowed for a reduction in net debt leverage ratio to 2.9x.
Ecovyst reported Q4 2023 sales of $172.8 million and net income of $30.0 million. Adjusted EBITDA increased by 0.9% to $69.8 million compared to Q4 2022, driven primarily by higher sales volume. The company's diverse end-use exposures and stable demand fundamentals contributed to the solid financial results.
Ecovyst reported sales of $173.3 million and net income of $16.6 million. Adjusted EBITDA was $67.9 million with a margin of 32.3%. The company repurchased 541,494 shares at an average price of $9.85, for a total cost of $5.3 million.
Ecovyst Inc. reported second-quarter results with sales of $184.1 million. Net income increased by 36% year-over-year to $26.1 million, and Adjusted EBITDA increased by 9% year-over-year to $79.3 million. The company updated its full year 2023 guidance to reflect anticipated softening of demand in select end uses and the impact of an unforeseen outage and production restriction at one of its sites.
Ecovyst's first quarter 2023 sales were $160.9 million, with a net loss of $1.5 million. Adjusted EBITDA was $42.9 million. The results were impacted by Winter Storm Elliott and extended maintenance turnaround.
Ecovyst reported a 7.4% increase in sales and a 176% increase in net income for Q4 2022. The company's Adjusted EBITDA also increased by 9.4% compared to the same period in 2021. Strong cash generation allowed for significant debt reduction and increased shareholder value through share repurchases.
Ecovyst Inc. reported a strong third quarter in 2022, with sales up 39% year-over-year to $233 million. Net income increased to $21 million, with diluted earnings per share of $0.16. Adjusted EBITDA rose by 9% to $75 million, with margins at 29%. The company affirmed its 2022 Adjusted EBITDA guidance.
Ecovyst Inc. reported a strong second quarter in 2022, with sales up 53% to $225 million and net income of $19 million. The company's adjusted EBITDA increased by 38% year-over-year to $73 million, driven by higher sales volumes and pricing. Due to this strong performance, Ecovyst is raising its prior 2022 guidance.
Ecovyst Inc. reported strong first quarter 2022 results with sales of $180 million, up 42% year-over-year. Net income was $8 million, and Adjusted EBITDA was $59 million, up 40% year-over-year. The company affirmed its 2022 financial outlook and announced a share repurchase program.
Ecovyst Inc. reported a strong fourth quarter with sales of $170.2 million, up 37% year-over-year, and adjusted EBITDA of $63.2 million, up 38% year-over-year. The company's performance was driven by higher pricing to cover increased costs and stronger volumes across most product categories. Net income for the quarter was $7.8 million, or $0.06 per diluted share, while adjusted net income was $22.9 million, or $0.17 per diluted share.
Ecovyst Inc. reported a sales increase of 27.2% to $147.0 million compared to the same period in 2020, driven by volume recovery in regeneration services and the pass through of higher sulfur costs. The company's net loss was $7.9 million, with a diluted loss per share of $0.06, impacted by after-tax debt extinguishment costs of $8.6 million. Adjusted net income was $14.9 million with $0.11 Adjusted diluted EPS. Adjusted EBITDA of $52.7 million was up on higher regeneration services demand and the Chem32 acquisition.
PQ Group Holdings Inc. reported first quarter 2021 results with sales of $126.6 million, a net loss of $2.8 million, and adjusted EBITDA of $42.3 million. The company reiterated its full-year 2021 financial outlook and is on track to close the sale of Performance Chemicals in the second half of 2021.
PQ Group's Q4 2020 sales matched Q4 2019, reflecting a rebound in demand. The company reported a net loss of $182.8 million, or $1.35 diluted loss per share, and an Adjusted net income of $82.5 million, or Adjusted diluted EPS of $0.61 per share. Adjusted EBITDA totaled $81.8 million.
PQ Group Holdings Inc. reported a decrease in sales by 10.3% compared to the same period in 2019, with sales of $380.3 million. Net income was $7.5 million, with diluted EPS of $0.06. Adjusted EBITDA was $108.6 million, down 21.1% from the prior year, impacted by Hurricane Laura and a hydrocracking order deferred to Q4.
PQ Group Holdings Inc. reported a decrease in sales by 16.7% compared to the same period in 2019, primarily due to COVID-19 impacts. However, net income was $15.9 million, and Adjusted EBITDA was $113.0 million. The company is reinitiating 2020 financial guidance and raising expectations for annual Adjusted free cash flow.
PQ Group Holdings Inc. reported a slight increase in sales for Q1 2020, with a rise of 0.7% to $361.6 million. Net income was $0.2 million, resulting in diluted EPS of $0.00. Adjusted EBITDA increased by 2.1% to $103.1 million, with an Adjusted EBITDA margin of 26.2%. The company has withdrawn its 2020 financial outlook due to the uncertainty caused by the COVID-19 pandemic.
PQ Group Holdings Inc. reported a decrease in sales by 7.3% compared to Q4 2018. Net income for the quarter was $19.1 million, with a diluted EPS of $0.14. The company's Adjusted EBITDA was $103.1 million.