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Arq Reports Mixed Q2 Results With Weaker Profitability and Negative Free Cash Flow

Arq Inc. logoArq Inc.
Sig1.75Sen-2.40Env0.00Soc0.00Gov0.00

Arq reported mixed second-quarter results, with a modest top-line beat offset by weaker-than-expected profitability and persistently negative free cash flow. The company reiterated full-year guidance, targeting revenue of $120 million to $125 million and Adjusted EBITDA of $17 million to $20 million. Management plans near-term focus on legacy powdered activated carbon while pursuing granular activated carbon market ambitions.

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