01:31 PM EDT, 05/02/2024 (MT Newswires) -- Ecovyst ( ECVT ) shares were up 5% in recent Thursday trading after the company reported Q1 sales ahead of consensus.

The company posted adjusted Q1 net income of $0.04 per diluted share, down from $0.06 a year earlier.

Analysts polled by Capital IQ expected $0.04.

Sales for the quarter ended March 31 were $160.5 million, down from $160.9 million a year earlier.

Analysts surveyed by Capital IQ expected $159.9 million.

For 2024, the chemical company reiterated its sales guidance of $715 million to $755 million.

Analysts polled by Capital IQ are looking for $737.6 million.

Price: 9.99, Change: +0.48, Percent Change: +4.99