Ecovyst Inc.

Listed Company

ECVTCIK 0001708035NYSELarge AcceleratedChemicals & Allied ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$723.51M

Net Income

$-71.13M

Total Assets

$1.26B

Equity

$603.44M

Shares Out

110.59M

Op. Cash Flow

$140.31M

Business

Ecovyst Inc. is an integrated global provider of advanced materials, specialty catalysts and industrial services focused on improving environmental sustainability. It offers products and services including zeolite and silica-based catalysts and supports, sulfuric acid regeneration and virgin sulfuric acid, catalyst activation and hazardous/non-hazardous waste treatment. The company operates through two reporting segments: Ecoservices and Advanced Materials & Catalysts (including a 50% interest in the Zeolyst Joint Venture). It serves global customers via a network of strategically located manufacturing facilities and distribution by barge, rail, truck and pipeline.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	724	598	585	820	611
Cost of goods sold	565	435	418	596	435
Gross profit	158	163	166	225	177
Selling, general and administrative expenses	66	65	61	85	98
Other operating expense, net	27	13	16	35	24
Operating income	65	85	90	104	55
Interest expense, net	34	36	32	37	—
Debt modification and extinguishment costs	6	5	0	0	27
Other (income) expense, net	−642,000	−1	905,000	158,000	5
Income from continuing operations before income taxes	26	45	57	95	14
Provision (benefit) for income taxes	19	−299,000	9	25	12
Net income from continuing operations	6	46	48	70	2
Net (loss) income from discontinued operations, net of tax	−77	−52	23	4	−142
Net (loss) income	−71	−7	71	74	−140
Basic (loss) income per share - continuing operations (in dollars per share)	0.05	0.39	0.41	0.52	0.01
Diluted (loss) income per share - continuing operations (in dollars per share)	0.05	0.39	0.4	0.52	0.01
Basic (loss) income per share - discontinued operations (in dollars per share)	−0.67	−0.45	0.19	0.03	−1.04
Diluted (loss) income per share - discontinued operations (in dollars per share)	−0.67	−0.44	0.19	0.03	−1.03
Basic (loss) income per share (in dollars per share)	−0.62	−0.06	0.6	0.55	−1.03
Diluted (loss) income per share (in dollars per share)	−0.61	−0.06	0.6	0.55	−1.02
Basic (shares)	115	117	118	134	136
Diluted (shares)	116	117	119	135	138

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	197	131	88	111	141
Accounts receivable, net	85	53	81	75	81
Total inventories, net	27	18	45	44	54
Derivative assets	1	7	13	19	0
Prepaid and other current assets	9	11	18	19	16
Current assets held for sale	0	84	—	—	0
Total current assets	319	304	246	268	292
Property, plant and equipment, net	481	459	577	585	596
Goodwill	327	327	404	403	406
Other intangible assets, net	59	68	117	130	146
Right-of-use lease assets	38	33	24	28	30
Other long-term assets	36	37	29	35	15
Long-term assets held for sale	0	575	—	—	0
Total assets	1,261	1,802	1,838	1,885	1,931
Current maturities of long-term debt	0	9	9	9	9
Accounts payable	48	33	40	40	52
Operating lease liabilitiescurrent	9	9	8	8	8
Accrued liabilities	63	40	62	72	76
Current liabilities held for sale	0	25	—	—	0
Total current liabilities	121	115	119	129	145
Long-term debt, excluding current portion	393	852	859	866	873
Deferred income taxes	113	105	116	136	127
Operating lease liabilitiesnoncurrent	29	24	16	20	22
Other long-term liabilities	2	3	22	26	24
Long-term liabilities held for sale	0	2	—	—	0
Total liabilities	658	1,102	1,132	1,177	1,190
Commitments and contingencies (Note 22)	—	—	—	—	—
Common stock ($0.01 par); authorized shares 450,000,000; issued shares 140,872,846 and 140,872,846 on December 31, 2025 and 2024, respectively; outstanding shares 111,805,102 and 116,534,803 on December 31, 2025 and 2024, respectively	1	1	1	1	1
Preferred stock ($0.01 par); authorized shares 50,000,000; no shares issued or outstanding on December 31, 2025 and 2024, respectively	0	0	0	0	0
Additional paid-in capital	1,109	1,107	1,103	1,091	1,073
Accumulated deficit	−249	−178	−171	−242	−316
Treasury stock, at cost; shares 29,067,744 and 24,338,043 on December 31, 2025 and 2024, respectively	−261	−223	−227	—	—
Accumulated other comprehensive income (loss)	3	−7	−958,000	6	−6
Total equity	603	700	705	707	741
Total liabilities and equity	1,261	1,802	1,838	1,885	1,931

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	68	60	55	65	66
Amortization	11	11	11	14	14
Amortization of deferred financing costs and original issue discount	1	1	2	2	2
Debt extinguishment costs	5	90,000	0	0	21
Deferred income tax provision (benefit)	32	−5	−10	2	5
Net loss on asset disposals	5	2	4	4	6
Stock compensation	10	11	13	21	32
Other, net	−5	−13	−6	−3	−3
Receivables	−22	6	−2	6	−33
Inventories	−6	−5	−107,000	10	631,000
Prepaids and other current assets	−962,000	3	178,000	5,000	−8
Accounts payable	16	1	2	−10	10
Accrued liabilities	−1	−15	−15	−7	13
Net cash provided by operating activities, continuing operations	118	104	101	180	137
Net cash provided by operating activities, discontinued operations	22	46	37	6	−7
Net cash provided by operating activities	140	150	138	187	130
Purchases of property, plant and equipment	−70	−56	−59	−59	−60
Proceeds from business divestitures, net of cash transferred	568	0	0	0	978
Business combinations	−41	0	0	−488,000	−43
Net cash provided by (used in) investing activities, continuing operations	457	−56	−59	−63	876
Net cash used in investing activities, discontinued operations	−21	−18	−6	0	−40
Net cash provided by (used in) investing activities	435	−73	−65	−63	836
Draw down of revolving credit facilities	0	0	15	0	0
Repayments of revolving credit facilities	0	0	−15	0	0
Issuance of long-term debt, net of original issue discount and financing fees	871	871	0	0	898
Repayments of long-term debt	−1,345	−880	−9	−9	−1,431
Repurchases of common shares	−47	−5	−79	−137	0
Tax withholdings on equity award vesting	−1	−1	−3	−332,000	−1
Other, net	460,000	210,000	438,000	579,000	2
Net cash used in financing activities, continuing operations	−522	−15	−91	−148	−963
Net cash used in financing activities, discontinued operations	−3	−3	−3	0	−1
Net cash used in financing activities	−525	−18	−93	−148	−964
Effect of exchange rate changes on cash and cash equivalents	423,000	−948,000	−1	−5	2
Net change in cash and cash equivalents	51	58	−23	−30	4

Filings

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