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Mar 31, 2021
Ecovyst Q1 2021 Earnings Report
Reported solid results from continuing operations and reiterated 2021 outlook.
Key Takeaways
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.
Sales of $126.6 million and net loss of $2.8 million with diluted loss per share of $0.02; Adjusted net income of $6.1 million with Adjusted diluted EPS of $0.04.
Adjusted EBITDA of $42.3 million impacted by $9 million related to historic winter storm Uri; Adjusted EBITDA margin of 27.2%.
Reiterated full year 2021 financial outlook.
On track for closing the sale of Performance Chemicals planned for the second half of 2021.
Forward Guidance
The Company is reiterating its 2021 guidance from continuing operations based on the expected recovery in demand for many of its end uses to pre-pandemic levels.
Positive Outlook
- Sales of $555 million to $565 million
- Adjusted EBITDA of $215 million to $225 million
- Adjusted free cash flow of $75 million to $85 million
- Improving recovery trends in traditional fuels
- Incremental growth in renewable fuels
Historical Earnings Impact
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Avg. Return Before/After Earnings
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