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Ecovyst Reports First Quarter 2026 Results and Revises 2026 Outlook

ECVT
  • Ecovyst Inc. reported first quarter 2026 results with sales of $215.0 million, a 50% increase from $143.1 million in the prior year period.
  • The company achieved net income of $5.7 million compared to a net loss of $8.1 million in the first quarter of 2025.
  • Adjusted Net Income was $12.2 million, representing a shift from an adjusted net loss of $3.9 million in the year-ago quarter.
  • Adjusted EBITDA reached $39.8 million, up 87% from $21.3 million in the first quarter of 2025.
  • Sales growth was driven by higher selling prices, including a $33 million pass-through of sulfur costs, & increased volumes from the Waggaman assets & lower customer downtime.
  • Cash flows from operating activities were $19.6 million, compared to $6.7 million in the prior year quarter.
  • The company repurchased $35.7 million of common stock in the first quarter of 2026.
  • As of March 31, 2026, total available liquidity was $236.9 million, consisting of $162.6 million in cash & $74.3 million of availability under the ABL facility.
  • The company revised its 2026 full-year sales guidance upward to $890 million–$970 million from the previous range of $860 million–$940 million.
  • Revised 2026 Adjusted EBITDA guidance is now approximately $180 million–$195 million, up from $175 million–$195 million.
  • Revised 2026 Adjusted Free Cash Flow guidance is $40 million–$55 million, compared to the prior range of $35 million–$55 million.
  • The company announced plans to invest approximately $20 million in two projects during 2026 to support its virgin sulfuric acid customer base.
  • Sales volume for virgin sulfuric acid increased more than 30%, reflecting strong demand & the contribution of Waggaman assets.
  • Regeneration services sales grew at a double-digit pace, driven by high refinery utilization & favorable alkylate economics.
  • The Advanced Materials & Catalysts business was divested on December 31, 2025, with its financial results reported in discontinued operations.
  • The company's Board removed the expiration date of the stock repurchase program in October 2025, leaving $146.5 million available for future repurchases as of March 31, 2026.
  • A conference call to discuss these results was scheduled for May 5, 2026, at 11:00 a.m. Eastern Time.