PETERSBURG, Fla., Oct. 7, 2024 (GLOBE NEWSWIRE) — PETERSBURG, Fla., St. Louis, Oct. 7, 2024 – Water Tower Research (www.watertowerresearch.com) is a subsidiary of Arq, Inc. (NASDAQ: Published a press launch report titled “Significant EBITDA Increase through Execution and Expansion into Faster Growth Markets” on ARQ). The report can be accessed here.
Arq, Inc. is a diversified environmental technology company focused on developing and delivering air, water, and soil purification solutions. The company is a leading manufacturer of activated carbon. Activated carbon is used to remove contaminants in a variety of applications, including mercury removal from power plants, water purification, specialty gas cleaning, and soil and groundwater purification.
Since new CEO Bob Rasmus took the helm in the second half of 2023, Arq has built on its fundamental and cash-generating powdered activated carbon (PAC) business by streamlining operations, improving contract terms and penetrating new markets. We have improved our performance. At the same time, the company is leveraging its PAC business as a springboard into the broader granular activated carbon (GAC) market, which is high-growth and highly profitable, and is expected to drive significant EBITDA growth in the coming years.
Currently, Arq’s EV/EBITDA multiple is 9.9x, below the peer group average of 12.2x. Additionally, Arq’s EBITDA is expected to grow at a CAGR of 80% from 2024 to 2027. This compares to an average peer group CAGR of 10.5% over the same period.
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