Robert Rasmus

“Our PAC business delivered yet another strong quarter. The continued turnaround of our PAC operations yielded strong financial results, driven primarily by continued average selling price strength of 7% over the prior year as well as a further 43% reduction in SG&A expenses.”

“As you can see from the results we've shared today, 2024 was a very good year for Arq. Our results for 2024 reflect a business that has been successfully turned around into a cash flow contributor.”

“With that in mind, I'd like to start today by reflecting on our journey: where we've been, where we stand now, and where we're headed. Looking back over the past 15 months, I'm incredibly proud of our team and everything we've achieved.”

“And thanks to everyone for joining us this morning. To start today's call, I'd like to share a high-level review of our second quarter divided into four key sections – our financial results, progress on GAC contracting, progress on our strategic growth projects, and an update on our capital position.”

“We delivered a solid third quarter marked by revenue growth over the prior year, improved margins and profitability and continued progress towards executing our strategic plan for the transition to becoming a producer of granular activated carbon.”