Ecovyst Q1 net loss $1.5M on sales $160.9M; adjusted EPS $0.06, guidance reaffirmed

Ecovyst Inc.

2023-Q1 EPS reported -$0.01 revenue$160,874,000

Sales $160.9M vs $179.7M YoY, down 10.5% on lower volumes from Winter Storm Elliott and maintenance.
Net loss $1.5M vs net income $7.9M; diluted EPS -$0.01; adjusted diluted EPS $0.06.
Adjusted EBITDA $42.9M, margin 23.4%; full-year adjusted EBITDA and Free Cash Flow guidance unchanged.
Repurchased 3M shares at avg $9.95 for $29.9M in conjunction with secondary offering.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ecovyst Inc. reported the quarter ended March 31, 2023 results: revenue $160.9 million, net income Net loss of $1.5 million, EPS diluted net loss per share of $0.01. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $160.9 million
Net income: Net loss of $1.5 million
EPS: diluted net loss per share of $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sales of $160.9 million, compared to $179.7 million in the first quarter of 2022, reflecting lower sales volume primarily associated with Winter Storm Elliott and extended maintenance turnaround activity at one of the sites, as well as the timing of customer orders in Catalyst Technologies, partially offset by continued strong pricing. ▪ Net loss of $1.5 million compared to net income of $7.9 million in the first quarter of 2022, with diluted net loss per share of $0.01;

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Source: SEC EDGAR

accession 0001708035-23-000010

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