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PureCycle Technologies (PCT)
NASDAQ:PCT
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.24Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive operational and strategic progress: clear quarter-over-quarter production gains, a rapidly expanding commercial pipeline (from ~100 to >170 projects), successful qualification in high-value food-grade applications, on-site compounding coming online, tangible Gen 2 economics that could put costs below virgin PP, and active international expansion (Thailand and Antwerp). Offsetting these positives are slower-than-expected commercial revenue conversion, regulatory delays (notably New Jersey), meaningful near-term cash burn and sizable project/spend and debt-service requirements that require financing execution. On balance, management presented strong technical and operational momentum and multiple financing pathways, while acknowledging timing and market-adoption risks.Company Guidance
Operational Ramp and Throughput Gains
Denver added a third shift and processed 44% more feed versus Q3, ramping to 14.0 million pounds (a 35% increase over the prior quarterly high). Ironton set a quarterly record with 7.5 million pounds produced and achieved higher daily records; successful rate tests were run at ~12,500 and 14,000 lbs/hour. Feed flexibility improved with purchases from >15 suppliers and procurement costs reduced by $0.06 per pound over the last 12 months.
Commercial Momentum and Pipeline Expansion
Booked $2.7 million of revenue in Q4 (fourth consecutive quarter of sequential revenue growth) and actively shipping to 11 customers. Pipeline expanded from ~100 projects a year ago to >170 today (>70% growth). Management cites 40–50 million pounds of run-rate demand they are actively shipping or expect to ship, plus an additional 20–25 million pounds at full ramp; one near-term opportunity represents ~10 million pounds annual demand.
On-Site Compounding and Application Qualifications
Phase I of on-site compounding started; Phase II mechanically complete in March with commissioning to follow. On-site compounding improves cost, carbon footprint and turnaround for high-value markets (BOPP film/stand-up pouches/thermoform). Materials qualified across flexible packaging, wrappers, pouches, closures, thermoform containers and multiple fiber applications — positioning PureCycle uniquely in food-grade recycled PP.
Regulatory Certifications and Market Position
Received APR post-consumer resin certification and has regulatory acceptance in Oregon, Colorado, California, Washington and Europe, positioning PureCycle as a scalable food-grade PP supplier under many mandates; management argues regulatory trends (EPR/PCR mandates) create hundreds of millions of mandated pounds over 5–7 years.
International Expansion and Feedstock Secured for Thailand
Rayong (Thailand) progress: 9 LOIs with feed suppliers (exceeding needs for first purification line), strong government and commercial engagement, BOI application submitted (potential ~ $100 million tax holiday benefit), expected groundbreaking H2 2026 and project completion in 2027. Antwerp project advancing (permits expected H2 2026; construction targeted 1Q 2027).
Gen 2 Engineering & Long-Term Cost Outlook
Initial Gen 2 engineering suggests no technological constraints to scale toward ~500 million pounds capacity. Preliminary economics indicate greenfield capacity cost ~ $1.50 per pound and brownfield expansion ~ $1.00 per pound, with a clear line of sight to Gen 2 cash costs potentially below virgin PP — implying materially improved future IRR and lower capital intensity.
Capital Structure Moves and Financing Paths
Repaid $20.3 million of high-cost equipment finance debt and retired $9.8 million principal on Ironton bonds. Extended warrants preserve ~ $273 million of potential proceeds (Series A ~$205M; public/private ~$68M). Secured EUR 40 million EIF grants for Antwerp and highlighted ~$75 million of revenue bonds as monetizable, giving multiple financing paths for the ramp.
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
PCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $8.12 | ― | ― |
Nov 06, 2025 | $9.61 | $10.54 | +9.68% |
Aug 07, 2025 | $12.35 | $12.35 | 0.00% |
May 07, 2025 | $6.56 | $7.55 | +15.09% |
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.
FAQ
When does PureCycle Technologies (PCT) report earnings?
PureCycle Technologies (PCT) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is PureCycle Technologies (PCT) earnings time?
PureCycle Technologies (PCT) earnings time is at May 12, 2026, Before Open (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 2026 (Q1) is -0.24.