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.
Sales increased 27.2% compared with the same period in 2020, largely driven by volume recovery in regeneration services and the pass through of higher sulfur costs.
Net loss was $7.9 million with $0.06 diluted loss per share and was 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, partially offset by the timing of hydrocracking sales.
The Company expects the second half to be meaningfully higher versus the first half of 2021 with its full year 2021 guidance noted as below.
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