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.
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.
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