Ecovyst Inc. (ECVT) Tops Q1 EPS by 1c

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Go back to Ecovyst Inc. (ECVT) Tops Q1 EPS by 1c

Ecovyst Announces New Chief Executive Officer and New Chairman of the Board of Directors, Reports First Quarter 2022 Results, Affirms 2022 Financial Outlook and Announces Share Repurchase Program

April 28, 2022 4:05 PM EDT

MALVERN, Pa.--(BUSINESS WIRE)-- Ecovyst Inc. (NYSE: ECVT) (Ecovyst or the Company) today announced the promotion of Kurt J. Bitting to Chief Executive Officer, the appointment of Kevin M. Fogarty as Chairman of the Board of Directors and the appointment of two additional independent directors. In addition, the Company is reporting results for the first quarter ended March 31, 2022 and affirming its 2022 guidance. Finally, Ecovyst is updating its capital allocation strategy to include a multi-year stock repurchase program.

First Quarter 2022 Results & Highlights

Sales of $180 million, up... More