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Posted by
Two Blokes May 8 -
Filed in
Stock
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Activated carbon products producer Arq, Inc. reported better-than-expected first quarter 2025 results with solid gross margins and improved profitability. However, persistently negative free cash flow resulted in the requirement to seek debt covenant relief in exchange for reducing the borrowing base under the company's revolving credit facility. Adding insult to injury, Arq's expansion into granular activated carbon continued to experience delays, with the timeline for commencement of commercial production being pushed back again.
