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PureCycle Technologies (PCT)
NASDAQ:PCT
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.15Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 12, 2021
|% Change Since: -29.57%
|Next Earnings Date:May 17, 2021
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook for PureCycle Technologies, with significant production milestones achieved, successful capital raising, and positive commercial feedback. However, challenges such as CP2 removal issues and the termination of the SK joint venture were noted. Despite these challenges, the company's advancements in feedstock flexibility and commercial strategy position it well for future growth.Company Guidance
During the PureCycle Technologies Q3 2024 earnings call, the company highlighted several key metrics and milestones achieved in the quarter. Significant progress was made at the Ironton facility, where production increased by over 200% quarter-over-quarter, reaching a capacity of 10,000 pounds per hour and contributing to a build-up of inventories across film, fiber, and injection-molded products. The company also raised over $105 million in net proceeds from Ironton revenue bonds and a capital raise in September, which will support ongoing operations and growth efforts. In addition, PureCycle's newly operational Denver, Pennsylvania, plastic sort facility has achieved its nameplate capacity of 22,000 pounds per hour, contributing to improved feedstock flexibility and efficiency. The company is poised for commercial success, with forecasted revenue growth starting in Q4 2024 and ramping into 2025, driven by strong customer interest and successful trials across various product applications.Significant Production Milestones Achieved
PureCycle achieved three critical production milestones at the Ironton facility with production growing more than 200% quarter-over-quarter. The company has demonstrated improvements in both rate and uptime.
Successful Capital Raising
PureCycle successfully raised over $105 million in net proceeds through Ironton revenue bonds and a capital raise in September, supporting ongoing operations and growth efforts.
Positive Commercial Feedback and Trials
Commercial feedback has been very positive with successful trials in fiber, injection molding, and automotive applications. The company is actively developing new products and trialing with multiple large companies.
Feedstock Flexibility and Efficiency
The new Denver, Pennsylvania sorting facility has achieved nameplate capacity, increasing feedstock flexibility and efficiency, allowing PureCycle to lower feedstock costs and improve plant yield.
Improved Product Quality and Commercial Strategy
With better production reliability and improved product quality, PureCycle is well-positioned to meet the growing demand and capitalize on the massive market opportunity in recycled polypropylene (PP).
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PCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.36 | $12.46 | -6.74% |
| Aug 08, 2024 | $6.27 | $6.31 | +0.64% |
| May 07, 2024 | $5.17 | $5.02 | -2.90% |
| Mar 05, 2024 | $5.66 | $5.01 | -11.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PureCycle Technologies (PCT) report earnings?
PureCycle Technologies (PCT) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is PureCycle Technologies (PCT) earnings time?
PureCycle Technologies (PCT) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCT EPS forecast?
PCT EPS forecast for the fiscal quarter 2024 (Q4) is -0.21.
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