WAYNE, PA — Ecovyst Inc. (NYSE: ECVT) reported higher third-quarter 2025 revenue and adjusted earnings as it moves to streamline its operations through the planned sale of its Advanced Materials & Catalysts segment, a deal expected to strengthen its balance sheet and enhance liquidity.
Sales from continuing operations were $204.9 million, up from $153.9 million in the same period last year. Adjusted EBITDA rose to $57.5 million from $48.7 million, reflecting strong demand fundamentals in the Ecoservices segment. Adjusted net income was $21.9 million, compared to $16.7 million a year ago.
“As a result of a comprehensive strategic review process, during the third quarter we announced the agreement to sell our Advanced Materials & Catalysts segment to Technip Energies for a purchase price of $556 million,” said Mike Feehan, Ecovyst’s Chief Financial Officer. “The transaction is expected to close in the first quarter of 2026 and we anticipate using between $450 million and $500 million of the expected $530 million net proceeds to reduce our long-term debt, resulting in a projected net debt leverage ratio of below 1.5x. The sale reflects our continued commitment to unlocking value for stockholders.”
“We believe this transaction will position Ecovyst to deliver on its long-term strategic plan for growth with a strong balance sheet, providing significant liquidity and bolstering the Company’s free cash flow generation that will support our balanced and disciplined capital allocation framework,” said Kurt Bitting, CEO of Ecovyst. “We will continue to strategically invest in our business both through organic growth as well as opportunistic acquisitions that are designed to expand our market presence and capabilities. Returning capital to stockholders through our stock repurchase program remains an additional important element of our capital allocation strategy and is further enhanced by our strengthened financial position.”
“Underscoring this commitment, during the third quarter stock repurchases totaled $5.5 million, and we intend to repurchase up to $20 million of our common stock in the fourth quarter of 2025. Additionally, Ecovyst’s Board of Directors has amended our existing $450 million stock repurchase plan, which has approximately $200 million remaining, to remove the April 2026 expiration date,” Bitting added.
“In terms of our continuing operations, third quarter demand fundamentals for Ecoservices remained strong, driving growth in virgin sulfuric acid sales,” Bitting said. “We continued to benefit from favorable contractual pricing in our regeneration services business, and while regeneration volume was temporarily impacted by unplanned and extended customer downtime, Ecoservices’ third quarter Adjusted EBITDA reached $64 million, up 15% year-over-year, and within our guidance.”
The company’s Board of Directors amended its $450 million share repurchase program to eliminate the April 2026 expiration date, leaving $202.2 million available for future buybacks as of September 30, 2025.
Ecovyst expects Ecoservices sales between $700 million and $740 million and Adjusted EBITDA of approximately $170 million for full-year 2025, with positive demand anticipated for virgin sulfuric acid and continued growth in mining-related applications.
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