Ecovyst Inc.

Ecovyst Inc. (NYSE: ECVT) is a leading integrated provider of virgin and regenerated sulfuric acid products and services, with operations concentrated in the Gulf Coast and California regions where approximately 64 percent of United States refining capacity is located. The company traces its roots to the late 1800s and maintains what it estimates to be number one or number two supply share positions for products and services that generated more than 95 percent of 2025 sales. More information about the company is available at www.ecovyst.com.

The company operates through a single reportable segment focused on sulfuric acid regeneration and virgin acid production. In 2025, regeneration and treatment services represented 49.9 percent of sales at $361.2 million, industrial, mining and automotive applications accounted for 45.3 percent at $327.9 million, and other products comprised 4.8 percent at $34.4 million, for total revenues of $723.5 million. The company completed the sale of its Advanced Materials & Catalysts segment, including its Zeolyst Joint Venture investment, to Technip Energies N.V. for $556.0 million on December 31, 2025.

Ecovyst operates nine strategically located manufacturing facilities and employed 617 people as of December 31, 2025, all based in the United States. The company serves a diverse customer base with long-term relationships averaging more than 50 years with its top ten customers, which collectively represented approximately 61 percent of 2025 sales. Approximately 90 percent of 2025 sales occurred under contracts featuring raw material pass-through clauses that provide protection against commodity price volatility.

The company's competitive advantages include its efficient network of owned manufacturing facilities, long-term customer contracts with minimum volume protections and quarterly price adjustments, strategic manufacturing know-how in thermal decomposition technology, and end-to-end logistics capabilities including captive pipeline connections to refinery customers. The business model emphasizes stable margins and cash flow generation through secured contractual pass-through mechanisms and long-term customer partnerships, with approximately 40 percent of sulfuric acid volume under multi-year commitment contracts as of December 31, 2025.