Ecovyst Reiterates FY24 Outlook: Adj EPS $0.45-$0.63 vs $0.56 Est; Sales Of $700M-$740M vs $718.77M Est
Portfolio Pulse from Benzinga Newsdesk
Ecovyst has reiterated its financial outlook for FY24, projecting adjusted EPS between $0.45 and $0.63, slightly below the consensus estimate of $0.56. The company expects sales between $700M and $740M, with a 50% share of the Zeolyst JV excluded from GAAP sales. Other projections include adjusted EBITDA of $230M-$245M, free cash flow of $75M-$85M, and capital expenditures of $70M-$80M.
October 31, 2024 | 10:05 am
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Ecovyst has reiterated its FY24 financial outlook, with adjusted EPS guidance slightly below consensus estimates. Sales projections are in line with expectations, and the company has provided detailed financial metrics for the year.
Ecovyst's reiterated guidance for FY24 shows adjusted EPS slightly below consensus, which may cause neutral market reaction. Sales guidance aligns with expectations, providing stability. Detailed financial metrics offer transparency, supporting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100