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Sep 30, 2020
Ecovyst Q3 2020 Earnings Report
Reported solid execution while advancing portfolio strategy.
Key Takeaways
PQ Group Holdings Inc. reported a decrease in sales by 10.3% compared to the same period in 2019, with sales of $380.3 million. Net income was $7.5 million, with diluted EPS of $0.06. Adjusted EBITDA was $108.6 million, down 21.1% from the prior year, impacted by Hurricane Laura and a hydrocracking order deferred to Q4.
Sales of $380.3 million and Net income of $7.5 million with diluted EPS of $0.06; Adjusted net income of $27.5 million with Adjusted diluted EPS of $0.20
Adjusted EBITDA of $108.6 million impacted by $5 million related to Hurricane Laura and a hydrocracking order deferred to the fourth quarter; Adjusted EBITDA margin of 26.7%
Advancing Simpler + Stronger portfolio strategy with planned sale of Performance Materials and launch of strategic alternatives process for Performance Chemicals
Adding special dividends as an option to provide direct returns to shareholders
Forward Guidance
The outlook for 2020 remains on track. The company projects sales of $1,430 to $1,460 million, Adjusted EBITDA of $410 to $425 million and Adjusted Free Cash Flow of $145 million to $155 million, excluding $18 million in cash proceeds from a product line sale earlier in 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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