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Mar 31, 2022
Ecovyst Q1 2022 Earnings Report
Ecovyst's first quarter results for 2022 were reported, with sales up 42% and the company affirming its 2022 guidance.
Key Takeaways
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.
Sales of $180 million, up 42% year-over-year.
Net income of $8 million with diluted income per share of $0.06.
Adjusted EBITDA of $59 million, up 40% year-over-year.
Affirmed 2022 financial outlook and announced share repurchase program.
Revenue by Segment
Forward Guidance
Ecovyst is reiterating its 2022 guidance, though adjusting the top line sales to reflect the impact of higher sulfur cost passed through in price.
Positive Outlook
- Sales of $810 million to $8301 million (increased from $730 million to $750 million to reflect the pass-through of higher sulfur costs)
- Sales of $150 million to $160 million for proportionate 50% share of Zeolyst Joint Venture, which is excluded from GAAP Sales
- Adjusted EBITDA of $260 million to $270 million, up 16% from 2021 at the mid-point of the range
- Adjusted Free Cash Flow of $115 million to $125 million
- Capital Expenditures of $55 million to $65 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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