Ecovyst Q3 sales fall to $173.3M (-25% YoY); adjusted EPS $0.19

Ecovyst Inc.

2023-Q3 EPS reported $0.34 revenue$518,310,000

Sales of $173.3M vs $232.5M a year ago, driven by lower sulfur cost pass-through (~$39M) and reduced volumes.
Net income $16.6M ($0.14 diluted EPS) compared to $21.3M ($0.18) in Q3 2022.
Adjusted net income $22.2M; adjusted diluted EPS $0.19; adjusted EBITDA $67.9M (32.3% margin).
Repurchased 541,494 shares at avg $9.85 for total cost of $5.3M during the quarter.
Announced expansion of silica catalyst production capacity in Kansas City, KS supported by long-term customer commitments.

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 0.95

Ecovyst Inc. reported the third quarter ended September 30, 2023 results: revenue $173.3 million, net income $16.6 million, EPS diluted net income per share of $0.14.

Period: the third quarter ended September 30, 2023
Revenue: $173.3 million
Net income: $16.6 million
EPS: diluted net income per share of $0.14
Result: reported results

Exact text from the filing

global provider of specialty catalysts and services, today reported results for the third quarter ended September 30, 2023. Third Quarter 2023 Results & Highlights ▪ Sales of $173.3 million, compared to $232.5 million in the third quarter of 2022, the decrease reflecting the pricing pass-through impact of lower sulfur costs of approximately $39 million, with the

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Ecovyst Inc. filing history →

Source: SEC EDGAR

accession 0001708035-23-000035

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