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Stock impact report

Ingevity reports first quarter 2020 financial results

Ingevity Corporation (NGVT) 
Last ingevity corporation earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.ingevity.com
Company Research Source: Business Wire
Net sales of $288.2 million were up 4.1% versus the prior year quarter’s sales of $276.8 million.Net income of $45.3 million was up 99.6% versus net income in the prior year quarter of $22.7 million; net income as a percentage of sales was 15.7%, compared to 8.2% in the prior year quarter; diluted earnings per share were $1.08 compared to $0.54.Adjusted earnings of $47.2 million were up 12.6% versus adjusted earnings in the prior year quarter of $41.9 million; diluted adjusted earnings per share were $1.12 versus $0.99 in the prior year quarter.Adjusted EBITDA of $92.2 million were up 10.4% compared to first quarter 2019 adjusted EBITDA of $83.5 million; adjusted EBITDA margin of 32.0% increased 180 basis points versus first quarter 2019.Operating cash flow of $60.2 million versus -$8 million in the prior year quarter; free cash flow of $40.7 million versus -$36.1 million in the prior year quarter.Total debt to last twelve months’ net income ratio is 7.25; net debt to last twelve mont Show less Read more
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