PureCycle Technologies

Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. It's process includes two steps: Feed Pre-Processing (“Feed PreP”) and the use of the Technology for purification. The company was founded by John Scott on September 15, 2015 and is headquartered in Orlando, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PureCycle Technologies progresses on Ironton facility, secures funding for growth

PureCycle Technologies is on track with the Ironton facility nearing completion and plans for significant resin production in 2023, supported by a new line of credit.
The company's focus on cost savings, strategic partnerships, and operational efficiency positions it well for long-term success and margin improvement.
While facing challenges in initial costs, funding requirements, and operational focus, PureCycle Technologies has opportunities for growth through expansion projects and cost-saving strategies.

PureCycle achieves operational milestone, poised for global resin production

PureCycle Technologies is on track for operational success with the completion of the Ironton facility and a focus on producing ultra pure recycled resin.
The company's strengths lie in its operational readiness, financial management, and partnerships, while challenges include equipment issues and investor expectations.
Opportunities for PureCycle include global expansion, sustainable growth, and meeting market demand for high-quality recycled resin products.

PureCycle Technologies achieves operational milestones and eyes international expansion

PureCycle Technologies' Q2 2023 Earnings Call highlighted operational success, financial strength, and market expansion opportunities. Despite challenges in the polypropylene market, the company remains confident in its product quality and technology scalability, aiming for future growth and international expansion.

PureCycle achieves operational milestones, secures financial backing for growth

PureCycle Technologies demonstrated strong operational and financial performance in Q3 2023, showcasing technology reliability and environmental impact.
While facing operational challenges and financial management issues, the company remains proactive in addressing setbacks and securing future growth opportunities.
Confidence in achieving high production rates, plans for ramping up production, and leveraging learnings for future plants position PureCycle for continued success.
The company's focus on efficiency, environmental impact, and operational improvements highlights its commitment to sustainable growth and innovation.

PureCycle Technologies achieves milestones, eyes growth amid operational challenges

PureCycle Technologies reported strong operational and financial performance, with a positive outlook for future fundamentals. Despite challenges, the company's strategic initiatives and confidence in its projects position it well for growth and success.

PureCycle Technologies reports record-breaking Q3 production growth and positive market feedback

PureCycle Technologies had a stellar Q3, achieving record production growth and making strides in various operational areas. The company's focus on commercial efforts and positive market feedback position it well for future success. While challenges in scaling production exist, opportunities for revenue growth and market expansion are abundant.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. Its process includes two steps: Feed Pre-Processing and the use of the Technology for purification. The company was founded by John Scott in September 2015 and is headquartered in Orlando, FL.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming November 28, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023, inclusive (the “Class Period”). Investors suffering losses on their PureCycle investments are encouraged to contact the Law Offices of Howard G. Smith to di.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against PureCycle Technologies, Inc. (PCT)

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023, inclusive (the “Class Period”). PureCycle investors have until November 28, 2023 to file a lead plaintiff motion. Investors suffering losses on their PureCycle investments are encouraged to contact the Law Offices.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of PureCycle Technologies, Inc. (PCT) Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Southgate v. PureCycle Technologies, Inc., et al., Case No. 23-cv-08605, on behalf of persons and entities that purchased or otherwise acquired PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023, inclusive (the “.

PCT CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against PureCycle Technologies, Inc.

Albemarle

Louisiana-Pacific

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month - Albemarle (NYSE:ALB), FMC (NYSE:FMC)

IRONTON, OH / ACCESSWIRE / September 25, 2023 / PureCycle Technologies, Inc. (Nasdaq: PCT) recently hosted officials from the Port of Antwerp-Bruges ("PoAB"), including CEO Jacques Vandermeiren, at their flagship purification facility in Ironton. The PoAB group was shown the ongoing operations at the facility which will closely resemble PureCycle's future facility in Europe.

Port of Antwerp-Bruges Officials Visit PureCycle's Ironton Facility

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) investors concerning the Company's possible violations of federal securities laws. On September 13, 2023, after the market closed, PureCycle disclosed that its Ironton Facility in Ohio experienced a full plant power outage on August 7, 2023, which required the Ironton Facility to halt operations. The Company further disc.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Technologies, Inc. (PCT) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your PureCycle investments or would like to inquire about potentially pursuing claims to recover your loss under the federal.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of PureCycle Technologies, Inc. (PCT) on Behalf of Investors

PureCycle Technologies is turning plastic waste into purified recycled resin. The company's first facility is now online supporting a strong growth outlook. PCT stock is speculative and high-risk, but we see room for a rally amid several positive developments and catalysts into 2024.

PureCycle: Ironton Facility Ramp-Up Keeps It Interesting

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On September 13, 2023, after the market closed, PureCycle disclosed that its Ironton Facility in Ohio experienced a full plant power outage on August 7, 2023, whic.

The Law Offices of Frank R. Cruz Announces Investigation of PureCycle Technologies, Inc. (PCT) on Behalf of Investors

ORLANDO, FL / ACCESSWIRE / August 22, 2023 / PureCycle Technologies, Inc. ("PureCycle") (NASDAQ:PCT), today, announced the upsize and pricing of its offering of $215.0 million aggregate principal amount at maturity of 7.25% Green Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes is scheduled to settle on August 24, 2023.

PureCycle Announces Upsize and Pricing of $215.0 Million 7.25% Green Convertible Senior Notes Due 2030

ORLANDO, FL / ACCESSWIRE / August 21, 2023 / PureCycle Technologies, Inc. (NASDAQ:PCT), today, announced its intention to offer, subject to market conditions and other factors, $200.0 million aggregate principal amount at maturity of its Green Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). PureCycle also expects to grant the initial purchaser of the notes an option to purchase, for settlement during a period of 13 days from, and including, the date the notes are first issued, up to an additional $30.0 million aggregate principal amount of the notes.

PureCycle Announces Private Offering of $200.0 Million of Green Convertible Senior Notes

PureCycle Technologies, Inc. (NASDAQ:PCT ) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Charlie Place - Director, Investor Relations Dustin Olson - Chief Executive Officer Dan Coombs - Executive Chairman Larry Somma - Chief Financial Officer Conference Call Participants Hassan Ahmed - Alembic Global Advisors Noah Kaye - Oppenheimer & Co. Aadit Shrestha - Stifel Eric Stine - Craig-Hallum Gerry Sweeney - ROTH Capital Thomas Boyes - TD Cowen\ Operator Good day and thank you for standing by. Welcome to the PureCycle Technologies Second Quarter 2023 Corporate Update Call.

PureCycle Technologies, Inc. (PCT) Q2 2023 Earnings Call Transcript

- Achieved first two bondholder milestones - mechanical completion and PIR pellet production -Successfully tested and validated core technologies of the PureCycle purification process at scale -Closed on the land rights with the Development Authority of Augusta, GA for up to eight purification lines. We expect to begin site construction activities on the first line in the fourth quarter of 2023.

PureCycle Technologies Provides Second Quarter 2023 Update

ORLANDO, FL / ACCESSWIRE / July 19, 2023 / PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Wednesday, August 9, 2023, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the second quarter will be provided prior to the conference call.

PureCycle Technologies Schedules Second Quarter 2023 Corporate Update Conference Call for Wednesday, August 9, 2023, at 11:00 a.m. ET

PureCycle Technologies' shares soared after completing the first batch of Ultra-Pure Recycled resin production at its Ohio facility. The company is now one step closer to producing recycled polypropylene on a commercial scale, marking its entry into the fast-growing market. PureCycle is also working on projects in Belgium, Japan, and South Korea, expanding its global presence.

PureCycle Stock Soars As Ironton Plant Produces First Pellets

IRONTON, OH / ACCESSWIRE / June 20, 2023 / PureCycle Technologies, Inc. (Nasdaq:PCT) today successfully produced the first run of Ultra-Pure Recycled (UPR) resin from post-industrial recycled material at commercial scale. This is the first step in operating PureCycle's flagship polypropylene (PP) purification facility in Ironton, Ohio.

PureCycle's Ironton Plant Produces First Pellets

AUGUSTA, GA / ACCESSWIRE / May 31, 2023 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, announced that it has received approval from the Development Authority of Augusta, GA (AEDA) to proceed to closing on the project site in Augusta, Georgia. This will allow PureCycle to begin development activities for its polypropylene purification facility.

PureCycle Finalizes Financing Plan With AEDA

Li-Cycle Holdings Corp

Rocket Lab USA

Li-Cycle is turning lithium-ion battery trash into treasure. PureCycle is developing facilities worldwide to recycle plastics.

A Bull Market Is Coming: 3 Stunning Growth Stocks to Buy On the Dip

PureCycle Technologies, Inc. (NASDAQ:PCT ) Q1 2023 Results Conference Call May 9, 2023 4:00 PM ET Company Participants Charlie Place - Director of Investor Relations Dustin Olson - Chief Executive Officer Larry Somma - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Hassan Ahmed - Alembic Global Advisors Michael Hoffman - Stifel Noah Kaye - Oppenheimer Thomas Boyes - TD Cowen Gerry Sweeney - ROTH MKM Operator Good day and thank you for standing by. Welcome to the PureCycle Technologies First Quarter 2023 Corporate Update.

PureCycle Technologies, Inc. (PCT) Q1 2023 Earnings Call Transcript

-PureCycle's flagship purification facility in Ironton, Ohio, ("Ironton") is mechanically complete, pre-startup process safety management ("PSM") processes required for solvent delivery is complete, all core operating systems have been commissioned and are ready for startup, and solvent is arriving on site. -Secured $62 million of debt financing and evaluating additional proposals to incrementally fund the Augusta project and to further strengthen the Company's balance sheet.

PureCycle Technologies Provides First Quarter 2023 Update

PureCycle's first polypropylene purification facility certified by independent construction monitor  IRONTON, Ohio , May 1, 2023 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT), today, announced its first polypropylene purification plan in Ironton, Ohio received formal certification of mechanical completion from the site's independent construction monitor. The formal certification came three days after PureCycle submitted its documentation to the engineering company.

PURECYCLE RECEIVES CERTIFICATION CONFIRMING MECHANICAL COMPLETION

PureCycle Technologies achieved mechanical completion of its Ironton, Ohio, facility. The company expects the Ironton project to be completed in the fourth quarter of 2023.

Why Shares of PureCycle Technologies Are Soaring This Week

ORLANDO, Fla. , April 26, 2023 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Tuesday, May 9, 2023, to provide an update on recent corporate developments.

PureCycle Technologies Schedules First Quarter 2023 Corporate Update Conference Call for Tuesday, May 9, 2023, at 4:00 p.m. ET

Ironton, Ohio Recycling Facility Will Now Begin Steps Toward Pellet Production IRONTON, Ohio , April 25, 2023 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT), today, announced it has reached mechanical completion of its first polypropylene ("PP") purification plant in Ironton, OH (the "Ironton Facility"), and submitted documentation to Leidos Engineering, LLC ("Leidos"), the site's independent construction monitor, for formal certification of completion. PureCycle prepared the final closure documentation consistent with the requirements set forth by Leidos and believes the information to be complete and sufficient.

PURECYCLE'S FLAGSHIP POLYPROPYLENE PURIFICATION PLANT REACHES MECHANICAL COMPLETION

NEW YORK , March 23, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of PureCycle Technologies, Inc. (NASDAQ: PCT). If you are a shareholder of PureCycle Technologies, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: https://pjlfirm.com/purecycle-technologies-inc/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating PureCycle Technologies, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

News for PureCycle Technologies Stock (PCT)