The raised guidance and strong Q1 beat validate the post-divestiture growth trajectory. Watch for continued momentum in regeneration services volume and virgin sulfuric acid demand in mining. The $146.5M remaining buyback authorization provides downside support.
Price Chart
Executive Summary
Ecovyst reported Q1 2026 sales of $215.0M (up 50% YoY) and GAAP diluted EPS of $0.05, swinging from a net loss of $8.1M in Q1 2025. The company also raised its full-year 2026 guidance: sales now $890M-$970M (from $860M-$940M) and Adjusted EBITDA of ~$180M-$195M (from $175M-$195M). The strong operational beat and upward revision signal accelerating demand in regeneration services and virgin sulfuric acid, supported by the Waggaman acquisition and a strengthened balance sheet.
Key Financial Metrics
Key Facts
- Q1 2026 sales $215.0M, up 50% YoY from $143.1M
- GAAP net income from continuing operations $5.7M vs net loss of $8.1M in Q1 2025
- GAAP diluted EPS $0.05 vs ($0.07) in Q1 2025
- Adjusted EBITDA $39.8M, up 87% YoY from $21.3M
- Revised FY2026 sales guidance raised to $890M-$970M from $860M-$940M
- Revised FY2026 Adjusted EBITDA guidance raised to ~$180M-$195M from $175M-$195M
- Repurchased $35.7M of common stock in Q1 2026
- Net debt leverage ratio remained low at 1.2x
Financial Impact
Q1 sales beat consensus by ~13% ($215.0M vs $189.8M); GAAP EPS $0.05 vs consensus $0.04 (beat); guidance raised for both sales and EBITDA
Risk Factors
- Sulfur cost pass-through volatility could pressure margins if sulfur prices decline
- Customer downtime in regeneration services could recur
- Softer demand in some industrial applications for virgin sulfuric acid remains a risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001708035-26-000063 |
| Document: ecvt-20260505.htm | 0001708035-26-000063 |
| Document: 0001708035-26-000063-index-headers.html | 0001708035-26-000063 |
| Document: 0001708035-26-000063-index.html | 0001708035-26-000063 |
| Document: 0001708035-26-000063.txt | 0001708035-26-000063 |
| 8-K Data (Synthetic) | 0001708035-26-000063 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | Insider Buy | $10.54 $10.88 | ▲ +3.23% | ▲ +3.67% | $9.97 (−5.41%) |
Aug 5, 2026 11w ago | Press Release | $11.45 $11.00 | ▼ −3.93% | ▼ −3.77% | $9.97 (−12.93%) |
Jun 30, 2026 17w ago | 8-K | $12.00 $11.83 | ▼ −1.42% | ▼ −1.29% | $9.97 (−16.92%) |
Jun 11, 2026 19w ago | Institutional Cluster | $12.94 $13.09 | ▲ +1.16% | ▲ +0.62% | $9.97 (−22.95%) |
May 5, 2026 25w ago | 8-K | $14.73 $14.68 | ▼ −0.34% | ▼ −1.72% | $9.97 (−32.32%) |
May 4, 2026 25w ago | 8-K | $14.12 $14.73 | ▲ +4.32% | ▲ +3.52% | $9.97 (−29.39%) |
Feb 26, 2026 34w ago | 8-K | $11.45 $11.27 | ▼ −1.57% | ▼ −1.12% | $9.97 (−12.93%) |
US Market Status
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