Canada's EcoSynthetix Q1 sales fall on lower volumes

EcoSynthetix

05/05/2026 22:08

Overview

Canada renewable chemicals maker's Q1 sales fell 7% yr/yr, mainly due to lower volumes

Q1 adjusted EBITDA loss improved 32% yr/yr, helped by higher gross profit and lower costs

Company repurchased and cancelled 245,095 shares for $0.6 mln under normal course issuer bid

Outlook

EcoSynthetix expects accelerating growth in the second half of 2026

Company sees robust trial activity and broader adoption across end markets supporting future growth

Near-term sales volumes expected to remain impacted by customer inventory dynamics and macro conditions

Result Drivers

LOWER SALES VOLUMES - Co said Q1 sales fell due to lower volumes, mainly from customer inventory de-stocking and challenging macro conditions

HIGHER SELLING PRICES - Higher average selling prices, driven by foreign exchange and improved product mix, partially offset lower volumes

IMPROVED GROSS MARGIN - Gross profit margin rose due to higher average selling price, partly offset by higher manufacturing costs

Company press release: ID:nCNWYzJvla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$3.80 mln
Q1 Adjusted EBITDA
-$341,000


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)