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Ecovyst Full Year 2024 Earnings: Misses Expectations
Ecovyst (NYSE:ECVT) Full Year 2024 Results
Key Financial Results
- Revenue: US$704.5m (up 1.9% from FY 2023).
- Net loss: US$6.70m (down by 109% from US$71.2m profit in FY 2023).
- US$0.057 loss per share (down from US$0.60 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ecovyst Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Ecoservices segment contributing a total revenue of US$598.3m (85% of total revenue). Notably, cost of sales worth US$503.0m amounted to 71% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$104.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ECVT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are down 20% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Ecovyst that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Ecovyst might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:ECVT
Ecovyst
Offers specialty catalysts and services in the United States and internationally.
Moderate growth potential and slightly overvalued.
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