Ecovyst Inc
NYSE:ECVT
Ecovyst Inc
Ecovyst, Inc. engages in the manufacture of specialty catalysts, materials and chemicals. The company is headquartered in Malvern, Pennsylvania and currently employs 883 full-time employees. The company went IPO on 2017-09-29. The firm's products and services support customers globally through its network of manufacturing facilities. The firm conduct its operations through two business segments: Ecoservices and Catalyst Technologies. Ecoservices provides sulfuric acid recycling services to the North American refining industry for the production of alkylate and provides on-purpose virgin sulfuric acid for water treatment, mining, and industrial applications. Catalyst Technologies provides finished silica catalysts and catalyst supports necessary to produce plastics and, through its Zeolyst joint venture, supplies zeolites used for catalysts that remove nitric oxide from diesel engine emissions as well as sulfur from fuels during the refining process. The firm serves various markets, which includes fuels and emissions controls, consumer products, construction and packaging.
Ecovyst, Inc. engages in the manufacture of specialty catalysts, materials and chemicals. The company is headquartered in Malvern, Pennsylvania and currently employs 883 full-time employees. The company went IPO on 2017-09-29. The firm's products and services support customers globally through its network of manufacturing facilities. The firm conduct its operations through two business segments: Ecoservices and Catalyst Technologies. Ecoservices provides sulfuric acid recycling services to the North American refining industry for the production of alkylate and provides on-purpose virgin sulfuric acid for water treatment, mining, and industrial applications. Catalyst Technologies provides finished silica catalysts and catalyst supports necessary to produce plastics and, through its Zeolyst joint venture, supplies zeolites used for catalysts that remove nitric oxide from diesel engine emissions as well as sulfur from fuels during the refining process. The firm serves various markets, which includes fuels and emissions controls, consumer products, construction and packaging.
Strategic Sale: Ecovyst announced the sale of its Advanced Materials and Catalysts segment for $556 million, with the deal expected to close in Q1 2026 and most proceeds going toward debt reduction.
Debt & Leverage: The company plans to reduce long-term debt by $450–500 million, targeting a net debt leverage ratio of less than 1.5x post-transaction.
Stock Buybacks: The board removed the expiration date on the $450 million stock repurchase program, with $200 million capacity remaining. Ecovyst intends to repurchase up to $20 million in Q4 2025.
Q3 Results: Q3 sales from continuing operations were $205 million, up 33%. Adjusted EBITDA rose 18% to $58 million.
Guidance Update: Full-year 2025 sales are now forecast between $700–740 million, with adjusted EBITDA from continuing operations expected at $170 million.
Operational Headwinds: Third quarter regeneration services volumes were hurt by unplanned customer refinery outages, but management expects these will not significantly impact 2026.
Strong Demand: Mining drove strong demand for virgin sulfuric acid, and management highlighted positive long-term trends in critical minerals and infrastructure.
CapEx & Cash Flow: 2025 CapEx is expected at $60–70 million. Full year adjusted free cash flow guidance was raised to $75–85 million.
