WAYNE, PA — Ecovyst Inc. (NYSE: ECVT) posted second-quarter 2025 sales of $200.1 million, up from $182.8 million a year earlier, driven by stronger pricing in its Ecoservices segment and contributions from newly acquired assets. Net income came in at $6 million, down from $8.3 million in the prior-year quarter, with adjusted EBITDA at $55.7 million—near the top of the company’s guidance range.
CEO Kurt J. Bitting said demand trends aligned with expectations, particularly in Ecoservices, and the company has secured a “solid pipeline” for its hydrocracking catalysts. Ecovyst is maintaining the midpoint of its full-year adjusted EBITDA guidance, while narrowing the range to reflect first-half results.
The quarter saw the completion of the $35 million acquisition of sulfuric acid production assets in Waggaman, Louisiana, from Cornerstone Chemical Company, plus $6.3 million in working capital adjustments. The deal is expected to generate future synergies as integration continues. Ecovyst also repurchased 2.9 million shares for approximately $22 million during the quarter.
Segment Performance
Ecoservices sales rose to $176 million from $153.9 million, helped by higher sulfur costs, favorable contract pricing, strong virgin sulfuric acid demand, and the Waggaman asset contribution. Gains were offset by lower regeneration services volume due to customer downtime. Adjusted EBITDA for the segment was $49.8 million, essentially flat from last year.
Advanced Materials & Catalysts saw mixed results. Advanced Silicas sales fell to $24.1 million from $28.9 million on lower custom catalyst orders tied to timing. Ecovyst’s 50% share of Zeolyst Joint Venture sales was $28.4 million, slightly down from $29 million, reflecting weaker hydrocracking and custom catalyst sales, partially offset by growth in sustainable fuel and specialty catalysts. Adjusted EBITDA for the segment, including Zeolyst contributions, was $13.7 million versus $14.7 million a year ago.
Outlook
The company expects Ecoservices to benefit in the second half from higher refinery utilization and rising sulfuric acid demand, particularly in mining. For Advanced Silicas, polyethylene catalyst sales are projected to grow year-over-year, though global demand could be pressured by tariffs and economic conditions. The Zeolyst Joint Venture is expected to see sales growth, led by hydrocracking catalysts, while sustainable fuel catalyst sales should remain flat to slightly higher.
Tariffs are expected to have a limited direct impact—about $2 million to $3 million in 2025—though Bitting cautioned that prolonged uncertainty could affect demand.
For full-year 2025, Ecovyst now forecasts:
- Sales of $795 million to $835 million
- Adjusted EBITDA of $242 million to $254 million
- Adjusted free cash flow of $70 million to $80 million
- Adjusted net income of $60 million to $80 million, or $0.52 to $0.68 per diluted share
Third-quarter adjusted EBITDA is projected between $62 million and $72 million.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.