Ecovyst Inc. (NYSE:ECVT) reported its Q4 results on Tuesday, with revenues growing 7.4% year-over-year to $182.8 million.
Net income came in at $21.5 million, representing a 176% period-over-period growth, with a net income margin of 11.8%. Adjusted EBITDA was $69.2 million, growing 9.4% period-over-period.
The company provided its full 2023-year outlook, expecting revenue in the range of $760-$790 million and adjusted EBITDA of $285-$300 million.
According to the analysts at Deutsche Bank, the company’s light Q1 guidance was surprising but understandable as the quarter is being impacted by (1) repair and maintenance costs and volume losses due to Winter Storm Elliott in late December and (2) and timing issues stemming from the delay of certain large Catalyst sales into Q2.