Ecovyst FY 2023 sales fall 15.7% to $691.1M; adj. EPS $0.75

Ecovyst Inc.

2023-FY EPS reported $0.60 revenue$691,118,000

Full-year sales $691.1M, down from $820.2M in 2022 on lower sulfur costs and volume declines.
Full-year adjusted EBITDA $259.9M (30.7% margin); adjusted diluted EPS $0.75; net cash from ops $137.6M.
Q4 sales $172.8M, down 5.5% YoY; Q4 adjusted EBITDA $69.8M (30.9% margin), up 0.9% YoY.
Repurchased 7.5M shares for $78.7M in 2023; net debt leverage ratio 3.0x.
Achieved Platinum EcoVadis rating, top 1% of peer group.

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 fourth quarter ended December 31, 2023 results: revenue $172.8 million, net income $30.0 million, EPS $0.26.

Period: the fourth quarter ended December 31, 2023
Revenue: $172.8 million
Net income: $30.0 million
EPS: $0.26
Result: reported results

Exact text from the filing

Platinum sustainability rating from EcoVadis, placing Ecovyst in the top one percent of all companies rated in our peer group Fourth Quarter 2023 Results & Highlights ▪ Sales of $172.8 million, compared to $182.8 million in the fourth quarter of 2022, the decrease reflecting the price pass-through of lower sulfur costs of approximately $9 million. ▪ Net income from

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Ecovyst Inc. reported the quarter and year ended December 31, 2023 results: revenue $691.1 million, net income $71.2 million, EPS $0.60.

Period: the quarter and year ended December 31, 2023
Revenue: $691.1 million
Net income: $71.2 million
EPS: $0.60
Result: reported results

Exact text from the filing

materials, specialty catalysts and services, today reported results for the fourth quarter and full year ended December 31, 2023. Full Year 2023 Results & Highlights • Sales of $691.1 million, compared to $820.2 million in 2022. The change is primarily due to the pass through of lower sulfur costs of $86 million, and lower sales volume. Sales volume was negatively

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Ecovyst Inc. filing history →

Source: SEC EDGAR

accession 0001708035-24-000065

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