ARQ’s second quarter delivers strong results, driven by its core powdered activated carbon (PAC) business, which outperformed last year’s adjusted EBITDA and saw a major boost in gross margin—now free from the drag of granular activated carbon (GAC) issues. Meanwhile, ARQ is eyeing a big opportunity with PAC for PFAS, a product that could let water utilities meet new regulations without costly equipment upgrades, sparking customer interest even as development costs and timelines are still being worked out. To further strengthen its financial position, ARQ is considering selling its Corbin facility and purification tech, and has tapped Shimon Steinmetz as CFO to drive efficiency and shareholder value. The company is clearly doubling down on its most profitable assets while innovating to capture emerging market needs—and keeping its eyes firmly on the long-term GAC strategy.
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