Overview

* Ecovyst ( ECVT ) Q3 sales from continuing ops grow 33% yr/yr but miss analyst expectations

* Adjusted EBITDA for Q3 misses analyst estimates despite Ecoservices segment growth

* Company announces divestiture of Advanced Materials & Catalysts for $556 mln

Outlook

* Ecovyst ( ECVT ) revises 2025 sales guidance to $700 mln-$740 mln for Ecoservices

* Company expects 2025 Adjusted EBITDA of approximately $170 mln

* Ecovyst ( ECVT ) anticipates $75 mln-$85 mln in Adjusted Free Cash Flow for 2025

Result Drivers

* VIRGIN SULFURIC ACID DEMAND - Strong demand for virgin sulfuric acid contributed to sales growth, supported by mining applications and copper mine expansion projects

* FAVORABLE PRICING - Favorable contractual pricing in regeneration services supported Ecoservices segment growth despite lower volumes

* CUSTOMER DOWNTIME - Unplanned and extended customer downtime led to lower regeneration services volume, partially offsetting sales growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $204.90 $219.20

mln mln (5

Analysts

)

Q3 Meet $0.19 $0.19 (6

Adjusted Analysts

EPS )

Q3 Net -$79.30

Income mln

Q3 Miss $57.50 $67 mln

Adjusted mln (6

EBITDA Analysts

)

Q3 Gross $52.10

Profit mln

Q3 $28.30

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the diversified chemicals peer group is "buy"

* Wall Street's median 12-month price target for Ecovyst Inc ( ECVT ) is $12.00, about 31.1% above its November 3 closing price of $8.27

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)