Ecovyst (ECVT) Company Report

ECVT announced an agreement to sell its Advanced Materials & Catalysts (AM&C) segment, with expected net proceeds of ~$530 million and an anticipated closing in Q1 2026. The company plans to use these proceeds to reduce debt by $450 million - $500 million and for an active stock repurchase program.
For Q3 2025, Sales from continuing operations increased 33.1% year-over-year to $204.9 million, and Adjusted EBITDA rose 18.1% to $57.5 million.
Year-to-date Adjusted Free Cash Flow for Q3 2025 was $42 million. The company's revised 2025 outlook projects Net Sales between $700 million and $740 million and Adjusted Free Cash Flow between $75 million and $85 million.
The company has $202 million remaining on its share repurchase authorization and repurchased $5.5 million of common stock in Q3 2025, with a target of up to $20 million in Q4 2025.

Nov 4, 2025, 4:00 PM

Presentation

Ecovyst Announces Sale of Advanced Materials and Catalysts Segment, Reports Strong Q3 2025 Results, and Raises Free Cash Flow Guidance

ECVT

M&A

Guidance Update

Share Buyback

Ecovyst announced the sale of its Advanced Materials and Catalysts segment for $556 million, with an anticipated close in Q1 2026. The company plans to use $450-$500 million of the net proceeds to reduce long-term debt, targeting a net debt leverage ratio of less than 1.5 times.
For Q3 2025, continuing operations reported sales of $205 million, a 33% increase year-over-year, and Adjusted EBITDA of $58 million, up 18%.
The company increased its full-year 2025 Adjusted free cash flow expectation to a range of $75-$85 million. Full-year 2025 sales from continuing operations are projected to be between $700-$740 million, with Adjusted EBITDA around $170 million.
Ecovyst intends to return capital to stockholders via an active stock repurchase program, with $200 million of remaining capacity and plans to repurchase up to $20 million in Q4 2025. The company also noted strong demand trends in the mining sector for virgin sulfuric acid and favorable alkylation economics for regeneration services.

Nov 4, 2025, 4:00 PM

Transcript

Ecovyst Reports Q3 2025 Results, Updates Guidance, and Announces Divestiture Agreement

ECVT

Earnings

Guidance Update

M&A

Ecovyst reported Q3 2025 sales from continuing operations of $204.9 million and Adjusted EBITDA of $57.5 million.
The company announced an agreement to divest its Advanced Materials & Catalysts segment for $556 million, with approximately $530 million in net proceeds expected to close in Q1 2026, primarily to reduce long-term debt by $450 million to $500 million.
Ecovyst updated its 2025 financial outlook for continuing operations, projecting sales of $700 million to $740 million and Adjusted EBITDA of approximately $170 million.
The Board of Directors amended the $450 million share repurchase plan to remove its expiration date, with $202.2 million available as of September 30, 2025, and the company repurchased $5.5 million of common stock in Q3 2025.

Nov 4, 2025, 11:02 AM

8-K

Ecovyst Reports Q3 2025 Results, Announces Divestiture, and Updates Guidance

ECVT

Earnings

M&A

Guidance Update

Ecovyst reported Q3 2025 sales from continuing operations of $204.9 million, an increase from $153.9 million in Q3 2024, and Adjusted EBITDA of $57.5 million, up from $48.7 million in the year-ago quarter.
The company announced an agreement to divest its Advanced Materials & Catalysts segment for a purchase price of $556 million, with expected net proceeds of approximately $530 million, anticipated to close in the first quarter of 2026.
Ecovyst plans to use $450 million to $500 million of the expected net proceeds from the divestiture to reduce long-term debt, projecting a net debt leverage ratio of below 1.5x.
The Board of Directors amended its existing $450 million share repurchase plan to remove the April 2026 expiration date, with $202.2 million available as of September 30, 2025, and the company intends to repurchase up to $20 million of common stock in the fourth quarter of 2025.
For 2025, the company revised its guidance for continuing operations, projecting sales of $700 million to $740 million and Adjusted EBITDA of approximately $170 million.

Nov 4, 2025, 11:00 AM

Press Release

Ecovyst to Host Q3 2025 Earnings Call and Announces Segment Sale

ECVT

Earnings

M&A

Ecovyst Inc. will host a conference call and audio-only webcast on Tuesday, November 4, 2025, at 11:00 a.m. Eastern Time to review its third quarter 2025 financial results.
Investors can access the live webcast and presentation materials at https://investor.ecovyst.com, with a replay also available.
On September 11, 2025, Ecovyst announced a definitive agreement to sell its Advanced Materials & Catalysts segment to Technip Energies.
The sale is anticipated to close in the first quarter of 2026, pending regulatory approvals and satisfaction of customary closing conditions.

Oct 22, 2025, 7:54 PM

Press Release

Ecovyst Inc. to Divest Advanced Materials & Catalysts Business

ECVT

M&A

New Projects/Investments

Ecovyst Inc. entered into a Stock Purchase Agreement with Technip Energies N.V. on September 10, 2025, to divest its Advanced Materials & Catalysts business.
The purchase price for the divestiture is $556 million in cash, subject to certain adjustments.
The transaction is expected to be completed in the first quarter of 2026.
The divested business involves the research, development, production, marketing, and sale of various silicas, gels, and catalysts, and is part of Ecovyst's advanced materials and catalysts reporting segment.

Sep 11, 2025, 8:44 PM

8-K

Technip Energies to Acquire Ecovyst's Advanced Materials and Catalysts Business

ECVT

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Technip Energies announced the acquisition of Ecovyst's Advanced Materials and Catalysts (AM and C) business for USD 556 million.
In 2024, AM and C generated $223 million in revenues and $57 million in adjusted EBITDA, representing an EBITDA margin of more than 25%.
The acquisition is expected to be immediately accretive to Technip Energies' financial profile, with AM and C's EBITDA margin being accretive to both the group and the TPS segment. Approximately 70% of AM and C's revenues are recurring, tied to customer operating expenditures.
The deal is anticipated to add approximately 10% to Technip Energies' TPS segment revenues and 21% to segment EBITDA, increasing the TPS segment's pro forma EBITDA margin by around 120 basis points to more than 14%.
The transaction is expected to close by 2026, pending customary regulatory approvals.

Sep 11, 2025, 7:00 AM

Transcript

Ecovyst Agrees to Sell Advanced Materials & Catalysts Segment

ECVT

M&A

Share Buyback

New Projects/Investments

Ecovyst Inc. has entered into a definitive agreement to sell its Advanced Materials & Catalysts segment to Technip Energies for $556 million.
The transaction represents a 9.8x EBITDA multiple on the segment's Adjusted EBITDA of $64.7 million for the year ended December 31, 2024, adjusted for standalone operating costs and employee stock compensation.
The closing of the transaction is anticipated in the first quarter of 2026, pending regulatory approvals.
Ecovyst expects approximately $530 million in net proceeds after taxes and transaction-related expenses, which will be used for partial repayment of its Term Loan, resulting in a projected Net Debt Leverage Ratio of below 1.5x.
The company also has approximately $200 million remaining under its existing share repurchase authorization.

Sep 11, 2025, 5:03 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Ecovyst.

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