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ECVT Price Correlated With Financials For Ecovyst

Free historical financial statements for Ecovyst Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 19 quarters since 2018. Compare with ECVT stock chart to see long term trends.

ECVT Stock Compared to Quarterly

ECVT Income Statement

Revenue, Net:232533000
Revenue Per Share:1.7534
Cost of Goods & Services Sold:164864000
Gross Profit:67669000
Selling, General & Admin Expense:21460000
Total Operating Expenses:7673000
Operating Income:38536000
Income Taxes:8966000
Net Income:21325000
Earnings Per Share, Basic:0.16
Shares Outstanding, Basic Avg:132622105

ECVT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:19599000
Net Cash from Operations:56470000
Net Cash from Operations Per Share:0.4258
Net Cash from Financing Activities:-70644000
Property, Plant & Equipment Purchases:13639000
Purchases of Businesses, Net of Cash:488000
Net Cash from Investing Activities:-14127000
Net Change in Cash & Equivalents:-29782000

ECVT Balance Sheet

Cash and Cash Equivalents:121446000
Accounts Receivable, Net:106969000
Inventories:49729000
Total Current Assets:324214000
Property, Plant & Equipment, Net:581425000
Total Assets:1931795000
Accounts Payable:52026000
Current Portion of Long-Term Debt:9000000
Total Short-Term Liabilities:134673000
Long Term Debt, Non-Current Portion:867604000
Total Liabilities:1192270000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Coxon Robert   Director
10,000 sh at $9
$88,100
Buy
Coxon Robert   Director
10,000 sh at $9
$87,028
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Ccmp Capital Gp, LLC
31,615,444 sh
-14,950,000 sh
-32%
$266,834
-$271,463
Vanguard Group Inc
7,388,772 sh
1,460,053 sh
25%
$62,362
$3,964
Blackrock Inc.
6,577,357 sh
383,902 sh
6%
$55,511
-$5,496
Westwood Holdings Group Inc
5,371,574 sh
269,704 sh
5%
$45,336
-$4,918
Allspring Global Investments Holdings, LLC
4,879,789 sh
786,921 sh
19%
$41,184
$870
Shapiro Capital Management LLC
4,719,526 sh
-1,043,830 sh
-18%
$39,833
-$16,936
Hotchkis & Wiley Capital Management LLC
3,742,845 sh
507,705 sh
16%
$31,590
-$5,808
Dimensional Fund Advisors LP
2,994,635 sh
661,240 sh
28%
$25,275
$2,291
Cove Street Capital, LLC
2,904,450 sh
29,978 sh
1%
$24,513
-$3,800
Boston Partners
2,232,021 sh
941,864 sh
73%
$19,294
$6,437
Nuveen Asset Management, LLC
2,019,439 sh
355,027 sh
21%
$17,044
$649
JPMorgan Chase & Co
1,967,970 sh
-58,420 sh
-3%
$16,610
-$3,350
Millennium Management LLC
1,460,006 sh
503,385 sh
53%
$12,322
$2,899
Geode Capital Management, LLC
1,262,678 sh
259,863 sh
26%
$10,657
$780
State Street Corp
1,226,799 sh
104,147 sh
9%
$10,354
-$704
Lgt Capital Partners Ltd.
956,635 sh
116,635 sh
14%
$8,074
-$200
Charles Schwab Investment Management Inc
852,247 sh
202,296 sh
31%
$7,193
$790
Marshall Wace, Llp
845,928 sh
845,928 sh
NEW
$7,141
$7,141
Jacobs Levy Equity Management, Inc
678,794 sh
147,345 sh
28%
$5,729
$494
Arrowstreet Capital, Limited Partnership
671,020 sh
-10,613 sh
-2%
$5,663
-$1,051
COMPANY PROFILE
1. Background and Basis of Presentation:

Description of Business

Ecovyst Inc. and subsidiaries (the “Company” or “Ecovyst”), formerly known as PQ Group Holdings Inc. and subsidiaries (“PQ Group Holdings”), is a leading integrated and innovative global provider of specialty catalysts and services. The Company supports customers globally through its strategically located network of manufacturing facilities. The Company believes that its products, which are predominantly inorganic, and services contribute to improving the sustainability of the environment.

Basis of Presentation

On December 14, 2020, the Company completed the sale of its Performance Materials business for $650,000, and the financial results of this business have been presented as discontinued operations in the consolidated financial statements for all periods presented. See Note 4 for more information on the transaction.

Effective on August 1, 2021, the Company completed the sale of its Performance Chemicals business for $1,100,000, subject to certain purchase price adjustments as set forth in the agreement. Upon entering into the definitive agreement on February 28, 2021, the transaction met the held for sale criteria and consequently the financial results of the Performance Chemicals business are reported in discontinued operations in the consolidated financial statements for all periods presented. See Note 5 for more information on the transaction.

In connection with the closing of the sale of the Performance Chemicals business, the Company changed its name from “PQ Group Holdings Inc.” to “ Ecovyst Inc.”, changed the ticker symbol of its common stock listed on the New York Stock Exchange from “PQG” to “ECVT” and rebranded PQ Group Holdings segments from “Refining Services” to “Ecoservices” and “Catalysts” to “Catalyst Technologies”. Financial information presented herein related to the Ecoservices and Catalyst Technologies segments remains unchanged from the Company’s previously issued financial statements filed on Form 10-K for the years ended December 31, 2020 and 2019, respectively.

The Company has two uniquely positioned specialty businesses: Ecoservices provides sulfuric acid recycling to the North American refining industry for the production of alkylate and provides on-purpose virgin sulfuric acid for water treatment, mining, and industrial applications; and Catalyst Technologies provides finished silica catalysts and catalyst supports necessary to produce high strength and high stiffness plastics and, through its Zeolyst joint venture, supplies zeolites used for catalysts that remove nitric oxide from diesel engine emissions as well as sulfur from fuels during the refining process.

The Company’s regeneration services product group, which is a part of the Company’s Ecoservices segment, typically experiences seasonal fluctuations as a result of higher demand for gasoline products in the summer months and lower demand in the winter months. These demand fluctuations result in higher sales and working capital requirements in the second and third quarters.

The notes to the consolidated financial statements, unless otherwise indicated, are on a continuing operations basis.

COVID-19

In March 2020, the outbreak of a novel coronavirus (“COVID-19”) was declared a national emergency in the United States. The spread of COVID-19 in the United States and other parts of the world has adversely impacted economic activity and contributed to volatility in financial markets. In response to the COVID-19 pandemic, the federal government and various state, local and foreign governments have issued decrees and orders that have disrupted many businesses and implemented social distancing, travel and other restrictions. During the year ended December 31, 2020, the Company took actions to mitigate the slowdown in its business as a result of the effects of COVID-19, including adjusting its production levels to meet anticipated customer demand, reducing discretionary spe

Data imported from Ecovyst Inc. SEC filings. Check original filings before making any investment decision.