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WAYNE, Pa. - Ecovyst Inc. (NYSE:ECVT) reported third quarter 2025 adjusted earnings that beat analyst expectations, while revenue fell short of estimates despite showing strong year-over-year growth.
The company’s shares edged down 0.18% following the announcement.
The sulfuric acid and regeneration services provider posted adjusted earnings per share of $0.19, exceeding the analyst consensus of $0.17. Revenue came in at $204.9 million, up 33.1% YoY from $153.9 million, but below the analyst estimate of $215.04 million.
Ecovyst’s Ecoservices segment, which represents the company’s continuing operations, delivered Adjusted EBITDA of $63.6 million, a 15.4% increase from $55.1 million in the same quarter last year, with an Adjusted EBITDA margin of 31.0%.
"Third quarter demand fundamentals for Ecoservices remained strong, driving growth in virgin sulfuric acid sales," said Kurt Bitting, CEO of Ecovyst. "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 also announced it had reached an agreement to divest its Advanced Materials & Catalysts segment for $556 million, with the transaction expected to close in the first quarter of 2026. Ecovyst plans to use between $450 million and $500 million of the expected $530 million in net proceeds to reduce long-term debt.
"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," Bitting added.
For full-year 2025, Ecovyst revised its guidance for continuing operations, now expecting sales of $700 million to $740 million and Adjusted EBITDA of approximately $170 million. The company also expects Adjusted Free Cash Flow of $75 million to $85 million.
During the quarter, Ecovyst repurchased 610,212 shares of its common stock at an average price of $9.06 per share, for a total cost of $5.5 million. The company’s Board of Directors also amended its existing $450 million share repurchase plan to remove the April 2026 expiration date.
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