Ecovyst: Q2 Earnings Snapshot

Audio By Carbonatix

MALVERN, Pa. (AP) _ Ecovyst Inc. (ECVT) on Friday reported second-quarter net income of $19.2 million, after reporting a loss in the same period a year earlier.

The Malvern, Pennsylvania-based company said it had profit of 14 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were 22 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The specialty chemical producer posted revenue of $225.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $202.2 million.

Ecovyst expects full-year revenue in the range of $830 million to $850 million.

_____

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