secwatch.observer — SEC 8-K summary
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Issuer:     Ecovyst Inc. (ECVT)
CIK:        0001708035
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001708035-24-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ecovyst Q2 net income falls 68% to $8.3M; cuts FY2024 Adj EBITDA guidance by ~10%
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- Q2 sales $182.8M vs $184.1M YoY; net income $8.3M vs $26.1M; diluted EPS $0.07.
- Adjusted EBITDA $56.9M, down 28% YoY; margin 26.8%.
- FY2024 Adj EBITDA guidance cut to $230-245M from $255-275M; sales guidance to $700-740M.
- Zeolyst JV sales decline: Q2 proportionate share $29.0M vs $44.7M; full-year JV sales guidance cut to $115-135M.
- Repurchased 552,081 shares at avg $9.05 for $5.0M; amended term loan to June 2031.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708035/000170803524000097/0001708035-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708035/000170803524000097/ecvt-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001708035-24-000097

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