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Mar 31, 2023
Ecovyst Q1 2023 Earnings Report
Reported results reflecting lower sales volume primarily due to Winter Storm Elliott and extended maintenance, partially offset by strong pricing.
Key Takeaways
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.
Sales were $160.9 million, compared to $179.7 million in the first quarter of 2022.
Net loss was $1.5 million, compared to net income of $7.9 million in the first quarter of 2022.
Adjusted EBITDA was $42.9 million, with Adjusted EBITDA margins of 23.4%.
The company repurchased 3,000,000 shares at an average price of $9.95, for a total cost of $29.9 million.
Revenue by Segment
Forward Guidance
Full year 2023 guidance is as follows: Sales of $730 million to $760 million, Adjusted EBITDA of $285 million to $300 million, Adjusted Free Cash Flow of $115 million to $130 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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