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Ecovyst (ECVT)
NYSE:ECVT
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.24Last Year’s EPS
$0.22Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 18.05%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed several positive aspects including growth in the Ecoservices segment, strong cash generation, and operational improvements. However, these were offset by decreased EBITDA, challenges in the sustainable fuels market, and delays in specialty catalyst sales.Company Guidance
During the Ecovyst Third Quarter 2024 Earnings Call, several key metrics and guidance points were discussed. The company's sales for the quarter, including a 50% share from the Zeolyst joint venture, were reported at $210 million, with Ecoservices sales experiencing a 4% increase largely due to higher virgin sulfuric acid volumes and favorable contractual pricing in regeneration services. The adjusted EBITDA for the quarter was $60 million, down from $68 million in the previous year, primarily impacted by lower sales within the Zeolyst joint venture. The net debt leverage ratio improved slightly to 3.2x, with expectations to reach approximately 3x by year-end. For the full year 2024, Ecovyst maintained its guidance ranges, projecting GAAP sales between $700 million and $740 million, and adjusted EBITDA between $230 million and $245 million. The call highlighted the company's ongoing investments in reliability and capacity expansion, particularly in catalyst production, as drivers for future growth, while also acknowledging market challenges in segments like sustainable fuels.Ecoservices Segment Growth
Ecoservices sales were up approximately 4%, driven by higher volume of virgin sulfuric acid and favorable contractual pricing for regeneration services.
Strong Cash Generation
Third quarter saw favorable cash generation with adjusted free cash flow of nearly $60 million compared to $20 million in the prior year.
Operational Efficiency Improvements
Reliability initiatives in the Ecoservices segment have resulted in a marked increase in operational efficiency.
Positive Demand Outlook
Ecovyst maintains a positive demand outlook for regeneration services and Chem32 catalyst activation business, with expectations of high demand into 2025.
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ECVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ECVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $6.37 | $6.66 | +4.55% |
| Aug 01, 2024 | $9.54 | $7.96 | -16.56% |
| May 02, 2024 | $9.51 | $9.99 | +5.05% |
| Feb 28, 2024 | $9.78 | $9.58 | -2.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ecovyst (ECVT) report earnings?
Ecovyst (ECVT) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Ecovyst (ECVT) earnings time?
Ecovyst (ECVT) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ECVT EPS forecast?
ECVT EPS forecast for the fiscal quarter 2024 (Q4) is $0.24.
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