Ecovyst's Q1: Record Sales, Acquisition, & Growth

Ecovysts Q1 results soar with a 50% sales surge to $215M, driven by robust growth in regeneration services and virgin sulfuric acid. Adjusted EBITDA skyrockets 87% to $40M, boosted by high refinery demand, solid mining needs, and the Wagaman assets acquisition. The company announces a $190M deal to buy Calabrians sulfur dioxide and derivatives business, adding key products and markets. The acquisition aligns with their sulfur chemistry expertise and strengthens their Gulf Coast and Canadian mining exposure. Ecovyst repurchased $36M in shares, maintaining net debt leverage at 1.2x and liquidity at $237M. Updated full-year guidance reflects higher sulfur costs, with sales projected at $890M-$970M and EBITDA at $180M-$195M. Ecovyst anticipates sustained refinery runs and mining expansion, positioning them for growth while balancing capital returns and strategic buys. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f16384b29dfabe7c