Water Tower Research Publishes Initiation of Coverage Report on Arq, Inc., “Significant EBITDA Growth from Execution and Expansion into Faster-Growth Markets”
07 Octubre 2024 - 1:07PM
October 7, 2024, ST. PETERSBURG, FL – Water Tower Research
(www.watertowerresearch.com) has published an Initiation of
Coverage Report on Arq, Inc. (NASDAQ: ARQ) titled, “Significant
EBITDA Growth from Execution and Expansion into Faster- Growth
Markets.” The report can be accessed here.
Arq, Inc. is a diversified environmental
technology company focused on developing and providing solutions
for air, water, and soil purification. The company is a leading
producer of activated carbon, which is used for contaminant removal
in various applications, including mercury removal from power
plants, water purification, specialty gas cleaning, and soil and
groundwater remediation.
Since new CEO Bob Rasmus took the helm in 2H23,
Arq has delivered improving performance with its foundational and
cash-generating powdered activated carbon (PAC) business through
operational efficiencies, better contracting terms, and penetration
of new markets. At the same time, the company is using its PAC
business as a springboard into the higher-growth, more profitable,
and broader granular activated carbon (GAC) market, which should
drive significant EBITDA growth in the coming years.
Today, Arq trades at an EV/EBITDA multiple of
9.9x, below the peer group average of 12.2x. Moreover, Arq’s EBITDA
is expected to grow at a CAGR of 80% between 2024 and 2027,
compared with the peer group average of a 10.5% CAGR over the same
period.
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