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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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Water Tower Research is modernizing Investor Relations through research-driven communications and Investor Engagement. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients’ businesses, industries, and the investment opportunities they present.
