Ecovyst: Q1 Earnings Snapshot
News > Business News
Audio By Carbonatix
5:15 PM on Thursday, April 28, 2022
The Associated Press
MALVERN, Pa. (AP) _ Ecovyst Inc. (ECVT) on Thursday reported first-quarter net income of $7.9 million, after reporting a loss in the same period a year earlier.
The Malvern, Pennsylvania-based company said it had profit of 6 cents per share. Earnings, adjusted for non-recurring costs, were 15 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share.
The specialty chemical producer posted revenue of $179.7 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $175.8 million.
Ecovyst expects full-year revenue in the range of $810 million to $830 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECVT at https://www.zacks.com/ap/ECVT