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ECVT Ecovyst

PQ Group Holdings Inc. and subsidiaries is a leading integrated and innovative global provider of specialty catalysts, materials, chemicals and services. We support customers globally through our strategically located network of manufacturing facilities. PQ Group has four uniquely positioned specialty businesses: Refining Services provides sulfuric acid recycling to the North American refining industry; Catalysts serves the packaging and engineering plastics and the global refining, petrochemical and emissions control industries; Performance Materials produces transportation reflective safety markings for roads and airports; and Performance Chemicals supplies diverse product end uses, including personal and industrial cleaning products, fuel-efficient tires, surface coatings, and food and beverage products. PQ Group serves over 4,000 customers globally across many end uses and operate over 70 manufacturing facilities which are strategically located across six continents.

Company profile

Ticker
ECVT
Exchange
CEO
Belgacem Chariag
Employees
Incorporated
Location
Fiscal year end
Former names
PQ Group Holdings Inc.
SEC CIK
Subsidiaries
PQ Holdings Inc. • CPQ Midco I Corporation • PQ Corporation • PQ Holdings I Limited • PQ Intermediate Limited • PQ Germany GmbH • PQ Silicas Holdings • PQ Silicas South Africa Pty Ltd. • Quaker Chemicals South Africa Pty Ltd. • PQ International Holdings Inc. ...

ECVT stock data

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Calendar

9 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Ecovyst earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 57.41M 57.41M 57.41M 57.41M 57.41M 57.41M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 20.38M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 75.06M n/a n/a
Cash remaining n/a n/a n/a -17.65M n/a n/a
Runway (months of cash) n/a n/a n/a -0.9 n/a n/a

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 185,029 2.49M 7,943,619
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 13,115 176.27K 563,051
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 200,162 2.69M 8,593,302
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 10,012 134.56K 429,849
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 176,974 2.38M 7,597,767
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 58,838 790.78K 2,525,955
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 580,472 7.8M 24,920,612
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 185,029 2.49M 7,943,619
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 13,115 176.27K 563,051
5 May 21 CCMP Capital Common Stock Sell Dispose S Yes No 13.44 200,162 2.69M 8,593,302

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 102 101 +1.0%
Opened positions 16 7 +128.6%
Closed positions 15 11 +36.4%
Increased positions 45 28 +60.7%
Reduced positions 29 42 -31.0%
13F shares
Current Prev Q Change
Total value 1.38B 2.3B -40.0%
Total shares 117.73M 88.49M +33.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
CCMP Capital GP 52.57M $807.54M -15.2%
INEOS 27.92M $0 NEW
Vanguard 4.94M $75.85M +35.5%
JPM JPMorgan Chase & Co. 4.84M $74.27M +5.9%
BLK Blackrock 3.77M $57.89M +25.0%
WFC Wells Fargo & Co. 3.32M $51.03M +85.2%
WHG Westwood 2.69M $41.31M +350.1%
Citadel Advisors 2.13M $32.66M +505.2%
Dimensional Fund Advisors 1.83M $28.05M +7.0%
Boston Partners 1.44M $22.05M -1.6%
Largest transactions
Shares Bought/sold Change
INEOS 27.92M +27.92M NEW
CCMP Capital GP 52.57M -9.39M -15.2%
WHG Westwood 2.69M +2.09M +350.1%
Citadel Advisors 2.13M +1.78M +505.2%
WFC Wells Fargo & Co. 3.32M +1.53M +85.2%
Vanguard 4.94M +1.29M +35.5%
BLK Blackrock 3.77M +752.59K +25.0%
Maven Securities 697.2K +697.2K NEW
Arrowstreet Capital, Limited Partnership 373.63K +344.06K +1163.5%
Ghisallo Capital Management 317.26K +317.26K NEW

Financial report summary

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Competition
Albemarle
Risks
  • As a global business, we are exposed to local business risks in different countries, which could have a material adverse effect on our financial condition, results of operations and cash flows.
  • Our operations and financial results have been and may continue to be adversely affected by general economic conditions.
  • Exchange rate fluctuations could adversely affect our financial condition, results of operations and cash flows.
  • Our international operations require us to comply with anti-corruption laws, trade and export controls and regulations of the U.S. government and various international jurisdictions in which we do business.
  • Alternative technology or other changes in our customers’ products may reduce or eliminate the need for certain of our products.
  • Our new product development and research and development efforts may not succeed and our competitors may develop more effective or successful products.
  • If we are unable to pass on increases in raw material prices, including natural gas, to our customers or to retain or replace our key suppliers, our results of operations and cash flows may be negatively affected.
  • We face substantial competition in the industries in which we operate.
  • We are subject to the risk of loss resulting from non-payment or non-performance by our customers.
  • We rely on a limited number of customers for a meaningful portion of our business. A loss of one or more of these customers could adversely impact our profitability.
  • Multi-year customer contracts in our Refining Services segment are subject to potential early termination and such contracts may not be renewed at the end of their respective terms.
  • Our quarterly results of operations are subject to fluctuations because the demand for some of our products is seasonal.
  • Our growth projects may result in significant expenditures before generating revenues, if any, which may materially and adversely affect our ability to implement our business strategy.
  • We may be liable for damages based on product liability claims brought against us or our customers for costs associated with recalls of our or our customers’ products.
  • We are required to comply with a wide variety of laws and regulations, and are subject to regulation by various federal, state and foreign agencies, and our failure to comply with existing and future regulatory requirements could adversely affect our financial condition, results of operations and cash flows.
  • We are subject to extensive environmental, health and safety regulations and face various risks associated with potential non-compliance or releases of hazardous materials.
  • Existing and proposed regulations to address climate change by limiting greenhouse gas emissions may cause us to incur significant additional operating and capital expenses and may impact our business and results of operations.
  • Sustainability initiatives may result in operational changes and expenditures, reduced demand for our
  • products and adversely affect our business.
  • Production and distribution of our products could be disrupted for a variety of reasons, and such disruptions could expose us to significant losses or liabilities.
  • The insurance that we maintain may not fully cover all potential exposures.
  • We could be subject to damages based on claims brought against us by our customers or lose customers as a result of the failure of our products to meet certain quality specifications.
  • We may engage in strategic acquisitions or dispositions of certain assets or businesses that could affect our business, results of operations, financial condition and liquidity.
  • Our joint ventures may not operate according to their business plans if our partners fail to fulfill their obligations or differences in views among our partners results in delayed decisions or failures to agree on major issues, which may adversely affect our results of operations and force us to dedicate additional resources to these joint ventures.
  • Our failure to protect our intellectual property rights could adversely affect our future performance and growth.
  • Our products may infringe the intellectual property rights of others, which may cause us to incur unexpected costs or prevent us from selling our products.
  • Disruption, failure or cyber security breaches affecting or targeting computers and infrastructure used by us or our business partners may adversely impact our business and operations.
  • Because our operations are conducted through our subsidiaries and joint ventures, we are dependent on the receipt of distributions and dividends or other payments from our subsidiaries and joint ventures for cash to fund our operations and expenses, including to make future dividend payments, if any.
  • We may need to recognize impairment charges related to goodwill, identified intangible assets and fixed assets.
  • We may be subject to future changes in tax legislation or exposure to additional tax liabilities that may adversely affect our results of operations.
  • We have unfunded and underfunded pension plan liabilities. We will require current and future operating cash flow to fund these shortfalls. We have no assurance that we will generate sufficient cash flow to satisfy these obligations.
  • Our substantial level of indebtedness could adversely affect our financial condition.
  • The terms of our indebtedness restrict our current and future operations, particularly our ability to respond to change or to take certain actions.
  • We may be adversely affected by changes in LIBOR reporting practices or the method in which LIBOR is determined.
  • CCMP and INEOS continue to have significant influence over us, which could limit your ability to influence the outcome of key transactions, including a change of control.
  • Our stock price could be extremely volatile and, as a result, you may not be able to resell your shares at or above the price you paid for them.
  • Your percentage ownership in us may be diluted by future issuances of capital stock, which could reduce your influence over matters on which stockholders vote.
  • There may be sales of a substantial amount of our common stock by our current stockholders, and these sales could cause the price of our common stock to fall.
  • Provisions in our charter documents and Delaware law may deter takeover efforts that may be beneficial to stockholder value.
  • Our certificate of incorporation designates courts in the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • Our certificate of incorporation contains a provision renouncing our interest and expectancy in certain corporate opportunities, which could adversely impact our business.
  • We may not pay additional dividends on our common stock and, consequentially, you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
  • Significant trade developments stemming from the U.S. administration, U.S. courts’ or the United Kingdom’s exit from the European Union could have an adverse effect on us.
  • If we lose certain key personnel or are unable to hire additional qualified personnel, we may not be able to execute our business strategy and our business could be adversely affected.
  • We depend on good relations with our workforce, and any significant disruptions could adversely affect our operations.
  • We are subject to certain risks related to litigation filed by or against us, as well as administrative and regulatory proceedings, and adverse results may harm our business.
  • If we fail to maintain effective internal control over financial reporting and effective disclosure controls and procedures, we may not be able to accurately report our financial results in a timely manner or prevent fraud, which may adversely affect investor confidence in our company.
  • Regulations related to conflict minerals could adversely impact our business.
Management Discussion
  • •Sales increased $31.4 million to $147.0 million. The increase in sales was primarily due to a rebound in Ecoservices volumes and the impact of the pass-through of higher sulfur costs.
  • •Gross profit increased $3.6 million to $38.5 million. The increase in gross profit was primarily due an increase in sales volumes partially offset by higher production and maintenance costs.
  • •Operating income increased by $1.7 million to $11.6 million. The increase in operating income was due to an increase in gross profit, which was partly offset by higher selling, general and administrative expenses.
Content analysis
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Positive
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Constraining
Legalese
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Readability
H.S. freshman Avg
New words: Appointment, bed, behalf, Borrower, burdened, chip, Compensatory, Departure, depressed, ecovyst, ECVT, elevated, equivalent, holder, indirect, instruction, lien, lieu, listed, lost, PQG, rebranded, rebranding, refinancing, region, storm, strike, sum, symbol, thereunder, ticker, turnaround, unpaid, Uri, wholly, withheld, York
Removed: declined, discretionary, permitted, polyethlene, regulatory, simplification, simplify, TCJA