The following is a summary of the Ecovyst Inc. (ECVT) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Ecovyst reported Q2 2024 sales of $212 million, down from Q2 2023.

• Adjusted EBITDA for Q2 2024 was $57 million, compared to $79 million in the same quarter of the previous year, impacted by lower sales within the Zeolyst Joint Venture and unfavorable net pricing.

Business Progress:

• Completed 4 turnarounds planned for the first half of the year in eco services.

• Progressed polyethylene catalyst production capacity expansion at Kansas City site.

• Repurchased 552,000 shares of common stock for $5 million.

• Made an equity investment in Pajarito Powders, enhancing capabilities in green hydrogen and fuel cells technology.

Opportunities:

• Increased activity in regeneration services and virgin sulfuric acid due to high refinery utilization.

• Expansion prospects in advanced recycling and enzyme development for functionalized silicas estimated to take off in 2025-26.

Risks:

• Slower catalyst sales for sustainable fuels and emission control due to reduced RIN credits value and regulatory uncertainties affecting renewable diesel and heavy-duty vehicle markets.

More details: Ecovyst IR

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