Debt ReductionThe expected net proceeds from the sale of the Advanced Materials segment will be used to significantly reduce long-term gross debt, improving the financial health of the company.
Portfolio StreamliningThe sale of its AM&C business is seen as a positive catalyst for ECVT's stock by removing its more volatile business and streamlining the portfolio.
Stock Buyback ProgramEcovyst Inc plans to buy back up to $20 million of stock in the fourth quarter, indicating strong free cash flow.