Shares of Ecovyst Inc. (ECVT), a specialty catalysts and services provider, are falling more than 14% Thursday morning after the company cut its full-year revenue outlook to reflect lower expected volumes of virgin sulfuric acid and polyethylene catalysts.
Ecovyst now sees revenue in the range of $685 million - $715 million for the full year, lower than $730 million - $760 million guided earlier.
Analysts on average polled by Thomson-Reuters expect the company to report revenue of $762.19 million for the year.
Net income was $26.1 million or $0.22 per share for the second quarter, higher than $19.2 million or $0.14 per share in the same quarter a year ago.
Excluding one-time items, earnings were $34.6 million or $0.29 per share. The consensus estimate was for $0.27 per share.
Quarterly sales declined to $184.1 million from $225.2 million last year. Analysts were expecting revenue of $197.04 million.
ECVT is at $10.31 currently. It has traded in the range of $8.20 - $12.35 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.