ADES
Advanced Emissions Solutions Inc
Advanced Emissions Solutions Inc
$ADES reports Q1 2023 financial results: Revenue and net income rise, diverse product portfolio expected through capital investment.
Advanced Emissions Solutions, Inc. (ADES) reported increased revenue and net income in Q1 2023, aided by acquisitions and growth capital projects. Its first-quarter consumables revenue was below expectations, but the company plans to diversify its product portfolio by investing $40-45 million in capital expenditures to enable future GAC production and the completion of planned projects. ADES aims to reduce reliance on certain industries and broaden the addressable market for its activated carbon technologies. Its strategic initiatives could potentially drive long-term growth.
4mo ago
$ADESAdvanced Emissions Solutions Inc
$ADES reports solid revenue growth for 2022, but cautious outlook ahead
Advanced Emissions Solutions, Inc. (ADES) reported a strong financial performance for 2022, with revenue of $106 million driven by strong demand and pricing initiatives. Challenges include tight manufacturing capacity and the inflationary environment. The recent acquisition of Arq Limited and Sale of Marshall Mine will strengthen the company's position within the activated carbon market. However, the decline in Adjusted EBITDA due to the loss of royalty earnings from Tinuum investments and risks associated with expansion efforts should be noted by investors.
6mo ago
$ADES