Debt ReductionEcovyst Inc plans to use proceeds from the sale of its Advanced Materials segment to significantly reduce long-term gross debt.
Earnings GrowthAnalysts suggest that Ecovyst's outperformance will be driven by steady earnings growth and solid free cash flow, which will reduce leverage and provide flexibility.
Stock BuybackEcovyst Inc plans to buy back up to $20 million of stock in the fourth quarter, which represents about 4% of the daily float.