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Stock impact report

Ingevity reports first quarter 2021 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
HIGHLIGHTS: (comparisons versus prior year)Ingevity delivers strong first quarter results based on demand improvement across its businessesNet sales of $320.3 million were up 11.1%Net income of $48.7 million was up 7.5%; net income margin was 15.2%, down 50 basis pointsAdjusted EBITDA of $105.4 million was up 14.3%; adjusted EBITDA margin of 32.9%, up 90 basis pointsOperating cash flow of $51.1 million was down 15.1%; free cash flow of $34.1 million was down 16.2%Company increases fiscal year 2021 guidance for sales to between $1.275 billion and $1.325 billion and adjusted EBITDA to between $410 million and $430 millionThe results and guidance in this release include Non-GAAP financial measures. Refer to the section entitled “Use of Non-GAAP Financial Measures” within this release. NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today reported its financial results for the first quarter 2021.First quarter net sales of $320.3 million were up 11.1% versus th Show less Read more
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