NASDAQ$PCT
PureCycle Technologies Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced corporate update and financial results.
PureCycle Technologies reported progress in Q1 2022, with the Augusta facility construction underway and on track for a Q4 2023 startup. The Ironton facility is nearing mechanical completion, and commercial progress is visible through the allocation of Ironton and Augusta's first two lines.
- Ironton, Ohio facility remains on schedule for mechanical completion in early Q4 2022 and pellet production by year-end 2022.
- Construction is underway for the Augusta, Georgia facility, with Phase 1 on track for startup in Q4 2023.
- Commercial pipeline progressing with the Augusta facility (lines 1 & 2) currently 70% allocated through multi-year commitments.
- Feedstock discussions remain on track with 75% of lines 1 & 2 under letters of intent (LOIs).
Headline financials
Revenue & EPS history
PureCycle · Revenue · Quarterly
$4.13M
Forward guidance
PureCycle is focused on completing the Ironton facility, constructing the Augusta facility, and securing feedstock and project debt financing.
Tailwinds
- Ironton facility on track for mechanical completion in early Q4 2022 and pellet production by year-end 2022.
- Augusta facility construction underway and on track for startup in Q4 2023.
- Commercial pipeline progressing with Augusta lines 1 & 2 currently 70% allocated.
- Feedstock discussions remain on track with 75% of lines 1 & 2 under letters of intent (LOIs).
- Jefferies LLC engaged to lead project debt financing for Augusta lines 1 and 2, along with three PreP facilities.
Headwinds
- Expect to exceed the original Ironton facility budget by $55 - $65 million due to increased investments and inflationary pressures.
- Potential risks related to meeting regulatory requirements for UPR resin in food grade applications.
- Risks associated with scaling and building the Ironton facility in a timely and cost-effective manner.
- Risks related to completing the construction of the Augusta facility in a timely and cost-effective manner.
- Potential impact of climate change on PureCycle, including physical and transition risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+2.6%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+11.4%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+44.1%
Q4 2022
Best reaction
-22.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +29.2% | +63.7% | |
| Q4 2025 | -22.3% | -23.6% | -35.0% | |
| Q3 2025 | +9.9% | -0.1% | -3.3% | |
| Q2 2025 | +0.2% | +9.9% | +8.4% | |
| Q1 2025 | +15.1% | +20.9% | +50.6% | |
| Q4 2024 | -2.6% | -3.7% | -25.9% | |
| Q3 2024 | -10.5% | -5.2% | -1.3% | |
| Q1 2024 | -7.7% | -6.4% | +5.2% | |
| Q4 2023 | -17.1% | -15.1% | -6.0% | |
| Q3 2023 | -9.9% | -18.4% | +12.8% | |
| Q2 2023 | -5.0% | +3.5% | -21.8% | |
| Q1 2023 | +4.6% | -5.1% | +8.9% | |
| Q4 2022 | +44.1% | +21.8% | +32.2% | |
| Q3 2022 | -11.2% | -14.0% | -20.0% | |
| Q2 2022 | +14.7% | +15.4% | +9.7% | |
| Q1 2022 | +30.3% | +36.9% | +41.2% | |
| Q4 2021 | +11.6% | +8.4% | -5.2% | |
| Q3 2021 | -19.9% | -11.1% | -9.2% | |
| Q3 2020 | -19.9% | -11.1% | -9.2% | |
| Q2 2021 | +1.1% | -11.6% | -12.2% | |
| Q2 2020 | +1.1% | -11.6% | -12.2% | |
| Q1 2021 | +18.4% | +22.6% | +67.3% | |
| Q4 2020 | +18.4% | +22.6% | +67.3% | |
| Q1 2020 | +18.4% | +22.6% | +67.3% | |
| Q4 2019 | — | — | — |
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