PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that effective August 1, 2021, it has completed the sale of its Performance Chemicals business to a partnership established by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a purchase price of $1.1 billion. The company plans to use the net cash proceeds from the sale to reduce its debt by approximately $525 million and return cash to shareholders through a special dividend of $3.20 per share, subject to final Board approval and declaration. Citi is serving as lead financial advisor with BMO Capital Markets Corp. as co-advisor,

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that it will hold the second quarter 2021 earnings call to review financial results during a conference call and audio-only webcast on Thursday, August 5, 2021 at 11:00 a.m. Eastern Time. Investors may listen to the conference call live via telephone by dialing 1 (800) 459-5346 (domestic) or 1 (203) 518-9544 (international) and use the participant code EcovystQ221. An audio-only live webcast of the conference call and presentation materials can be accessed at https://investor.ecovyst.com. A replay of the conference call/webcast will be made available at

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the "Company"), has successfully priced and allocated a new senior secured term loan facility (the "2021 Term Loan Facility") in an aggregate principal amount of $900 million. Proceeds from the 2021 Term Loan Facility, together with cash on hand, will be used to repay (1) all of the Company's obligations under its New Term Loan Credit Agreement, dated as of July 22, 2020 (the "2020 Term Loan Facility") and (2) a portion of the Company's obligations under its Amended and Restated Term Loan Cred

Sales of $126.6 million and net loss of $2.8 million with diluted loss per share of $0.02; Adjusted net income of $6.1 million with Adjusted diluted EPS of $0.04; Adjusted EBITDA of $42.3 million impacted by $9 million related to historic winter storm Uri; Adjusted EBITDA margin of 27.2%; Reiterating full year 2021 financial outlook; On track for closing the sale of Performance Chemicals planned for the second half of 2021; Provided strategic objectives, 5-year growth outlook and rebranding as ecovyst in recent investor conference; and Actions taken to improve share trading liquidity through recent secondary offering. Financial results are on a continuing operations basis, whic

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, today announced that it plans to release its first quarter 2021 financial results on Thursday, May 6, 2021, pre-market open. Management will review the results during a conference call and audio-only webcast scheduled for 11:00 a.m. eastern time. Details for the conference call and webcast are below: Conference Call Investors may listen to the conference call live via telephone by dialing 1-800-459-5346 (domestic) or 1-203-518-9544 (international) and use the participant code PQGQ121. Webcast An audio-only live webcast of the conference call and presenta

PQ Group Holdings Inc. (NYSE:PQG) (the "Company") today announced the pricing of the previously announced underwritten public offering by certain of its stockholders (the "Selling Stockholders") of 12,500,000 shares of its common stock at a price to the public of $14.00 per share. The offering is expected to close on May 3, 2021, subject to customary closing conditions. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,875,000 additional shares at the public offering price less underwriting discounts and commissions. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. Citigroup,

PQ Group Holdings Inc. (NYSE:PQG) (the "Company") today announced that certain of its stockholders (the "Selling Stockholders") intend to offer for sale 12,500,000 shares of its common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,875,000 additional shares at the public offering price less underwriting discounts and commissions. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. Citigroup, Deutsche Bank Securities and Credit Suisse are serving as the

Sales in range of $123 million to $127 million, including estimated $6 million impact of Texas storm; Operating income in range of $1 million to $3 million; and Adjusted EBITDA in range of $40 million to $42 million, including estimated $9 million storm impact. Financial results are on a continuing operations basis, which excludes the Performance Materials and Performance Chemicals business from all quarterly results presented, unless otherwise indicated. Financial results include non-GAAP financial measures. These non-GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in "Presentation of Non-GAAP Financial Measures" and the

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, today hosted a virtual investor conference. Belgacem Chariag, Chairman, President and Chief Executive Officer, and the Company’s executive leadership presented their strategic vision for the future portfolio rebranded as ecovyst, a pure-play catalysts and services company with a sustainability-focused and industry-leading growth outlook, following the close of the sale of the Performance Chemicals business in 2021. The key attributes of the ecovyst business portfolio include: High single-digit organic growth, Adjus

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, will host a virtual investor conference on Thursday, April 8, 2021 starting at 10:00 a.m. ET. Belgacem Chariag, Chairman, President and Chief Executive Officer, will present the strategic vision for “Target PQ,” a high growth, pure-play catalysts and services company with a sustainability-focused and industry-leading growth outlook. Key attributes of the future business portfolio include: High single-digit organic growth, Adjusted EBITDA margins in mid-to-high 30 percent range and strong cash conversion Leading cu

8-K - Ecovyst Inc. (0001708035) (Filer)

10-Q - Ecovyst Inc. (0001708035) (Filer)

8-K - Ecovyst Inc. (0001708035) (Filer)

8-K - PQ Group Holdings Inc. (0001708035) (Filer)

8-K - PQ Group Holdings Inc. (0001708035) (Filer)

8-K - PQ Group Holdings Inc. (0001708035) (Filer)

11-K - PQ Group Holdings Inc. (0001708035) (Filer)

8-K - PQ Group Holdings Inc. (0001708035) (Filer)

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10-Q - PQ Group Holdings Inc. (0001708035) (Filer)

Morgan Stanley reiterated coverage of PQ Group Holdings with a rating of Equal-Weight and set a new price target of $15.00 from $13.00 previously

KeyCorp reiterated coverage of PQ Group with a rating of Overweight and set a new price target of $21.00 from $18.00 previously

Credit Suisse resumed coverage of PQ Group with a rating of Outperform and set a new price target of $19.00

KeyBanc reiterated coverage of PQ Group Holdings with a rating of Overweight and set a new price target of $21.00 from $18.00 previously

KeyCorp reiterated coverage of PQ Group with a rating of Overweight and set a new price target of $18.00 from $19.00 previously

KeyBanc reiterated coverage of PQ Group Holdings with a rating of Overweight and set a new price target of $18.00 from $19.00 previously

3 - Ecovyst Inc. (0001708035) (Issuer)

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4 - PQ Group Holdings Inc. (0001708035) (Issuer)

4 - PQ Group Holdings Inc. (0001708035) (Issuer)

3 - PQ Group Holdings Inc. (0001708035) (Issuer)

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that effective August 1, 2021, it has completed the sale of its Performance Chemicals business to a partnership established by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a purchase price of $1.1 billion. The company plans to use the net cash proceeds from the sale to reduce its debt by approximately $525 million and return cash to shareholders through a special dividend of $3.20 per share, subject to final Board approval and declaration. Citi is serving as lead financial advisor with BMO Capital Markets Corp. as co-advisor,

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that it will hold the second quarter 2021 earnings call to review financial results during a conference call and audio-only webcast on Thursday, August 5, 2021 at 11:00 a.m. Eastern Time. Investors may listen to the conference call live via telephone by dialing 1 (800) 459-5346 (domestic) or 1 (203) 518-9544 (international) and use the participant code EcovystQ221. An audio-only live webcast of the conference call and presentation materials can be accessed at https://investor.ecovyst.com. A replay of the conference call/webcast will be made available at

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the "Company"), has successfully priced and allocated a new senior secured term loan facility (the "2021 Term Loan Facility") in an aggregate principal amount of $900 million. Proceeds from the 2021 Term Loan Facility, together with cash on hand, will be used to repay (1) all of the Company's obligations under its New Term Loan Credit Agreement, dated as of July 22, 2020 (the "2020 Term Loan Facility") and (2) a portion of the Company's obligations under its Amended and Restated Term Loan Cred

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, today announced that Executive Vice President and Chief Financial Officer Michael Crews plans to retire in September 2021 and that he will be replaced by Michael Feehan, the Company’s current Vice President of Finance and Treasurer. “With the completed divestiture of PQ’s Performance Materials business and the recently announced agreement to sell our Performance Chemicals segment, it is a logical time for me to step back,” said Mr. Crews. “I am proud of our financial performance and numerous other accomplishments tha

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG) (“PQ” or the “Company”) reported results from continuing operations1 for the fourth quarter and year ended December 31, 2020. For the fourth quarter, sales of $281.5 million matched the fourth quarter of 2019, reflecting a rebound in demand. Net loss was $182.8 million with $1.35 diluted loss per share and Adjusted net income was $82.5 million with Adjusted diluted EPS of $0.61 per share. The fourth quarter and year end results included the impact of a non-cash goodwill impairment charge for Performance Chemicals of $260.0 million, or $1.92 per share, and the recognition of deferred tax assets associated with foreig

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, announced today that it has entered into a definitive agreement to sell its Performance Chemicals business to a partnership established by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a purchase price of $1.1 billion. “We are excited by today’s announcement for the sale of our Performance Chemicals business at a favorable valuation,” said Belgacem Chariag, PQ’s Chairman, President and Chief Executive Officer. “In 2019, we laid out a “Simpler + Stronger” strategic path aimed at driving greater

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, announced today that it has completed the sale of its Performance Materials business for a purchase price of $650 million, subject to customary closing adjustments, to an affiliate of The Jordan Company, L.P. (“TJC”), a U.S. middle-market private equity firm (www.thejordancompany.com) that was founded in 1982. “With the sale of Performance Materials at an attractive valuation, we take a significant step in reshaping the PQ portfolio toward a higher-margin, higher-growth-potential business,” said Belgacem Chariag, PQ’

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