WAYNE, PA — Ecovyst Inc. (NYSE: ECVT) reported fourth-quarter 2025 sales of $199.4 million and net income of $9.2 million, or $0.08 per diluted share, compared with $148.9 million in sales and $23.8 million in net income, or $0.08 per diluted share, in the same period of 2024.
The company said adjusted net income for the quarter totaled $32.4 million, or $0.28 per diluted share, up from $18.4 million, or $0.16 per diluted share, in the fourth quarter of 2024.
Adjusted EBITDA rose to $51.3 million in the quarter from $47.7 million a year earlier.
Ecovyst said the financial results reflect continuing operations after the company completed the sale of its Advanced Materials & Catalysts segment to Technip Energies N.V. for approximately $556 million.
Sales growth during the quarter was driven by higher volumes of virgin sulfuric acid, including contributions from the company’s Waggaman, Louisiana facility acquired earlier in 2025, and higher contractual pricing for regenerated sulfuric acid.
The company said the sales increase also reflected the pass-through effect of higher sulfur costs, which added approximately $28 million to fourth-quarter revenue.
For the full year, Ecovyst reported sales of $723.5 million compared with $598.3 million in 2024.
Net income for 2025 totaled $6.3 million, or $0.05 per diluted share, while adjusted net income reached $45.7 million, or $0.39 per diluted share.
Adjusted EBITDA for the year was $172.0 million.
The company said higher average selling prices and increased sales volumes contributed to the annual revenue increase, partially offset by higher manufacturing costs, transportation expenses, and maintenance activity.
Ecovyst also acquired sulfuric acid production assets in Waggaman, Louisiana for approximately $41 million during 2025.
Cash from operating activities totaled $118.1 million in 2025, compared with $103.8 million the prior year.
As of December 31, 2025, Ecovyst reported $197.2 million in cash and cash equivalents, total debt of $397.1 million, and available liquidity of $264.8 million including capacity under its asset-based lending facility.
During the fourth quarter, the company repurchased $20.0 million of its common stock.
For the full year, Ecovyst repurchased approximately 5.75 million shares for $47.4 million.
The company said $182.2 million remained authorized under its stock repurchase program as of December 31, 2025.
Ecovyst forecast 2026 sales between $860 million and $940 million and adjusted EBITDA between $175 million and $195 million.
The company also projected adjusted free cash flow of $35 million to $55 million and capital expenditures between $80 million and $90 million for the year.
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