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Stock impact report

Ecovyst Reports First Quarter 2024 Results [Yahoo! Finance]

Ecovyst Inc. (ECVT) 
Company Research Source: Yahoo! Finance
of advanced materials, specialty catalysts and services, today reported results for the first quarter ended March 31, 2024 First Quarter 2024 Results & Highlights Sales of $160.5 million , compared to $160.9 million in the first quarter of 2023, reflecting higher sales volume in virgin sulfuric acid and regeneration services, offset by lower sales of advanced silicas and lower average selling prices in Ecoservices as a result of the pass-through of lower costs, including the lower sulfur costs of approximately $5 million Net income of $1.2 million , compared to a net loss of $1.5 million in the year-ago quarter, with a net income margin of 0.7% and diluted net income per share of Adjusted Net Income of $5.1 million with Adjusted Diluted Income per share of Adjusted EBITDA of $45.5 million , up 6% compared to the first quarter of 2023, with an Adjusted EBITDA margin of 24.7%. Strong cash generation and earnings growth provided for reduction in the net debt to net income rat Show less Read more
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