Ecovyst Reiterates FY24 Outlook: Adj EPS $0.45-$0.63 vs $0.56 Est; Sales Of $700M-$740M vs $718.77M Est
Ecovyst Inc. Common Stock -1.04% Pre
Ecovyst Inc. Common Stock ECVT | 7.61 7.61 | -1.04% 0.00% Pre |
The Company's current guidance for full year 2024 is as follows:
- Sales of $700 million to $740 million
- Sales of $115 million to $135 million for proportionate 50% share of Zeolyst Joint Venture, which is excluded from GAAP Sales
- Full year 2024 Adjusted EBITDA1 of $230 million to $245 million
- Free Cash Flow1 of $75 million to $85 million
- Capital expenditures of $70 million to $80 million
- Interest expense of $48 million to $52 million
- Depreciation & Amortization
- Ecovyst - $88 million to $92 million
- Zeolyst J.V. - $12 million to $14 million
- Effective tax rate in the mid 20% range
- Full year 2024 Adjusted Net Income1 of $53 million to $74 million, with Adjusted Diluted Income per share of $0.45 to $0.63.
