Ecovyst Q1 Sales Jump 50% to $215M, Raises 2026 EBITDA Outlook
Ecovyst posted first-quarter sales of $215.0 million, a 50% increase year-over-year, driving a net income of $5.7 million versus a $8.1 million loss. Adjusted EBITDA climbed 87% to $39.8 million and the company repurchased $35.7 million of shares while raising its 2026 EBITDA guidance to $180–$195 million.
1. Q1 Financial Performance
Ecovyst delivered Q1 2026 sales of $215.0 million, up 50% from Q1 2025, yielding net income of $5.7 million versus a $8.1 million loss last year. Adjusted EBITDA climbed 87% to $39.8 million, driven by higher volumes, favorable pricing and contribution from Waggaman assets.
2. Cash Flow and Balance Sheet
Cash flow from operations rose to $19.6 million from $6.7 million a year ago, and adjusted free cash flow turned positive $4.2 million versus a $13.0 million outflow. The company held $162.6 million in cash, had $397.1 million of gross debt and $74.3 million available under its ABL facility, resulting in $236.9 million total liquidity.
3. 2026 Outlook Revision
Ecovyst raised its full-year guidance, now projecting sales of $890–$970 million, Adjusted EBITDA of $180–$195 million and free cash flow of $40–$55 million. It plans $80–$90 million in capital expenditures, interest expense of $18–$22 million and a mid-20s% effective tax rate.