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Earnings analysis · 10-Q

ECVT earnings analysis

Filed May 5, 2026 · Our reading of the company's report

The latest report

Ecovyst's Q1 2026 results show significant improvements, with revenue reaching $215 million, up 50.2% from $143.1 million in the prior year, and a notable increase in EPS to $0.11, compared to a loss of $0.06 last year.…

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Ecovyst's Q1 2026 results show significant improvements, with revenue reaching $215 million, up 50.2% from $143.1 million in the prior year, and a notable increase in EPS to $0.11, compared to a loss of $0.06 last year. These increases were primarily driven by strong demand for their products and successful pricing strategies, despite higher operating costs. Management updated their full-year guidance for revenue and EPS, reflecting optimism about ongoing demand strengths.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

33% Gross margin Operating margin Aug 2023 May 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $83 Operating expenses $11 Left as operating profit $6

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Feb 2023 May 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$0.11

What stood out

  • Revenue Surge

    Ecovyst reported revenue of $215 million, a 50.2% increase from $143.1 million YoY.

  • Strong EPS Growth

    EPS sharply improved to $0.11 compared to a loss of $0.06 in Q1 2025.

  • Increased Operating Income

    Operating income rose to $12.5 million from a loss of $1.0 million in the prior year.

  • Higher Gross Margin

    Gross profit margin increased to 16.9%, up from 13.3% a year ago.

  • Positive Cash Flow Improvement

    Operating cash flow was $19.6 million, increased from $6.7 million a year prior.

  • Guidance Raised

    Full-year guidance for revenue updated to $890M-$970M and EPS to $0.50-$0.65.

What to watch

  • Volatile Raw Material Costs

    High refinery and sulfur costs may impact margins due to industry price fluctuations.

  • Geopolitical Tensions

    Ongoing geopolitical risks could disrupt supply chains and affect material costs.

  • Seasonal Demand Fluctuations

    Seasonal downturns, particularly in winter, may affect sales and operational efficiency.

Management's outlook

Guidance reflects improved demand projections.

Earlier filings 4

10-K · February 27, 2026

Ecovyst reports 2025 revenue of $723.5 million (up from $598.3M in 2024 and $584.8M in 2023) and adjusted EBITDA of $172.0 million, while recording a net loss of $(71.1) million in 2025. The company closed the sale of…

10-Q · May 2, 2025

Ecovyst reported Q1 sales of $162,197,000, up $1,660,000 (≈1.0%) versus Q1 2024, but gross profit declined to $25,615,000 (gross margin 15.8%) from $39,223,000 (24.4%) a year ago, driving an operating loss of $912,000…

10-Q · November 1, 2024

Ecovyst reported Q3 sales of $179,175,000 (three months ended September 30, 2024), up $5.8M versus Q3 2023 but with roughly flat operating income and slightly lower diluted EPS of $0.12. Cash and liquidity improved…

10-Q · August 2, 2024

Ecovyst reported quarterly sales of $182,820,000 (Q2 2024) versus $184,110,000 in Q2 2023, with gross profit down to $53,663,000 from $60,970,000 and diluted EPS falling to $0.07 from $0.22. Operating income declined to…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.