secwatch.observer — SEC 8-K summary
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Issuer:     Ecovyst Inc. (ECVT)
CIK:        0001708035
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001708035-24-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708035/000170803524000065/0001708035-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708035/000170803524000065/ecvt-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001708035-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer