Ecovyst sales jump 50% as refining services drive return to profitability

Ecovyst (NYSE:ECVT) announced a significant expansion in its first-quarter financial results for 2026, headlined by a 50% year-over-year increase in sales from continuing operations.

The company recorded revenue of $215 million for the period, up from $143.1 million in the first quarter of 2025.

This performance represents the first full quarter of operations following the December 31, 2025, closure of the sale of its Advanced Materials & Catalysts division.

The company swung to a GAAP net income of $5.7 million, a notable recovery from the net loss reported during the same period last year.

Adjusted EBITDA rose 87% to $39.8 million, reflecting robust demand within its Ecoservices segment.

Management attributed the growth to strong utilization rates in the refining sector and favorable pricing dynamics in its sulfuric acid regeneration and virgin sulfuric acid business lines.

On the back of the strong start to the year, Ecovyst issued revised guidance for the full fiscal year 2026.

The company now anticipates total sales to range between $890 million and $970 million.

Adjusted EBITDA is projected to fall between $180 million and $195 million, while adjusted free cash flow is expected to reach between $40 million and $55 million.