WAYNE, PA — Ecovyst Inc. (NYSE: ECVT) has announced its financial results for the first quarter of 2025, which highlight resilience across its business segments despite challenges in operating conditions.
Sales totaled $162.2 million, a slight increase from $160.5 million in the same period last year. The company reported an Adjusted EBITDA of $38.9 million with a margin of 19.5%, compared to $45.5 million a year ago. However, a net loss of $3.6 million was recorded, reflecting higher costs and operational impacts from planned turnaround activities.
Ecovyst’s Ecoservices segment posted sales of $143.1 million, driven by favorable contractual pricing and the pass-through of higher sulfur costs, while its Advanced Materials & Catalysts segment witnessed significant growth, with sales from the Zeolyst Joint Venture rising to $37.7 million due to strong demand for hydrocracking and specialty catalysts.
“Ecovyst’s businesses remained resilient in the first quarter of 2025. First quarter financial results for our Advanced Materials & Catalysts segment were stronger than anticipated due to favorability in sales timing for hydrocracking and specialty catalysts,” said CEO Kurt J. Bitting. “We anticipate that in early May the significant planned turnaround activity in our Ecoservices segment will be largely behind us. We expect high refinery utilization and the seasonal increase in gasoline demand to support increased activity for our regeneration services business beginning in the second quarter.”
Bitting also highlighted Ecovyst’s confidence in the long-term growth of its markets. “Our ongoing investments in Kansas City and Orange are evidence of the confidence we have in the long-term growth prospects for the end uses that we serve. Additionally, the planned acquisition of the Cornerstone Chemical sulfuric acid assets will enhance our Gulf Coast network and expand our capacity to meet increased customer demand for virgin sulfuric acid and regeneration services.”
The company reaffirmed its full-year 2025 guidance, targeting Adjusted EBITDA of $238-$258 million and capital expenditures of $80-$90 million. With strong demand forecasted across key industries, particularly hydrocracking catalysts and regeneration services, Ecovyst projects sustained growth in the months ahead.
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