Exhibit 99.1

PQ Group Reports Strong Third Quarter 2019 Results
88% Higher Net Income and 17% Growth in Adjusted EBITDA Driven by Catalysts Performance


Sales of $423.8 million declined 0.8%; increased 0.4% on constant currency basis;
Net income of $26.7 million with diluted EPS of $0.20; Adjusted net income of $48.3 million with Adjusted diluted EPS of $0.36;
Adjusted EBITDA of $137.7 million increased 16.6%, or 17.7% on a constant currency basis;
Adjusted EBITDA margin expanded in three of four business segments, delivering a second consecutive quarter above 28%;
Net cash provided by operating activities of $121.9 million and adjusted free cash flow of $99.6 million in the quarter; on track to meet or exceed deleveraging target;
Entered into an agreement with INEOS to expand the Polyolefin Catalyst portfolio offering

MALVERN, PA, October 31, 2019 -- PQ Group Holdings Inc. (NYSE:PQG) (“PQ” or the “Company”) reported results for the third quarter ended September 30, 2019. Sales of $423.8 million were down 0.8% versus the same period in 2018, but increased 0.4% on a constant currency basis, as strong results in Catalysts and higher average pricing across all business segments more than offset lower sales volume and the pass-through of lower sulfur costs. Net income was $26.7 million with $0.20 diluted EPS and Adjusted net income was $48.3 million with $0.36 Adjusted diluted EPS. Adjusted EBITDA was $137.7 million, up 16.6%, or 17.7% on a constant currency basis, led by the Catalysts business coupled with solid results in Performance Materials and Refining Services. Adjusted EBITDA margin rose by 310 basis points to 28.8%.

“We are pleased to have delivered another quarter of strong financial results with solid margin improvement as the team successfully implemented pricing actions and operational efficiency plans,” commented Belgacem Chariag, PQ President and Chief Executive Officer. “We are focused on multiple opportunities to optimize and broaden our product portfolio, and we are excited to partner with INEOS to expand our polyethylene catalyst offerings to existing and new customers.”
The financial results and outlook include non-GAAP financial measures. These non-GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in “Presentation of Non-GAAP Financial Measures” and the attached appendix tables.

Review of Segment Results

Refining Services

Sales of $118.3 million decreased 4.1% versus the same period in 2018 largely on the pass-through of lower sulfur costs. Adjusted EBITDA of $51.2 million was up 3.2% from improved customer and product sales mix.

PQ Group Holdings Third Quarter 2019 Earnings Release
Page 1

The following information was filed by Pq Group Holdings Inc. (PQG) on Thursday, October 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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