Laurent Alexander

Laurent Alexander of Kayser asked for more detail on order timing shifts and their implications for 2026, and questioned if shifts in polyethylene capacity from Europe to Asia would change revenue per ton.

Answer

CFO Mike Feehan clarified that order timing shifts were contained within 2025 and would not materially impact 2026. CEO Kurt Bitting explained that Ecovyst's polyethylene catalyst growth is tied to new projects in North America and the Middle East, not Europe or Asia, and that there is no significant difference in revenue per ton, with growth being driven by volume.

Laurent Alexander of Kayser asked for more detail on the order timing shifts within the Advanced Materials and Catalysts segment and questioned if polyethylene capacity changes in Europe and Asia affect revenue per ton.

Answer

CFO Mike Feehan clarified that the order timing shifts were between the first and second halves of 2025 and are not expected to impact 2026. CEO Kurt Bitting explained that European polyethylene capacity rationalization has minimal impact, as Ecovyst's growth is tied to new projects in North America and the Middle East, with no significant difference in revenue per ton.

Laurent Alexander from Kayser asked for clarification on order timing shifts and their potential impact on 2026, and also questioned if the geographic shift in polyethylene capacity affects Ecovyst's revenue per ton.

Answer

CFO Mike Feehan clarified that the order timing shifts were contained within 2025, moving between the first and second halves, and are not expected to impact 2026. CEO Kurt Bitting addressed the polyethylene question, stating their growth is tied to new projects in North America and the Middle East, not Europe, and that he does not see a significant difference in revenue per ton based on geography, as growth is driven by volume.