In This Article:
Ecovyst (NYSE:ECVT) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$182.8m (flat on 2Q 2023).
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Net income: US$8.30m (down 68% from 2Q 2023).
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Profit margin: 4.5% (down from 14% in 2Q 2023).
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EPS: US$0.071 (down from US$0.22 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ecovyst EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 39%.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are down 30% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Ecovyst you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com