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Stock impact report

Ingevity announces results of portfolio review, including plans to explore strategic alternatives for Advanced Polymer Technologies segment and Road Markings business

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
Potential divestitures would further enhance portfolio to focus on core businesses which carry best-in-class margins and cash flow generation NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE: NGVT) today announced it has completed the company’s previously disclosed portfolio review process and is in the early stages of exploring strategic alternatives for its Advanced Polymer Technologies (APT) segment and Performance Chemicals Road Markings business, including a potential sale of one or both.“Ingevity’s leadership team and Board remain focused on unlocking long-term value for shareholders,” said Dave Li, president and CEO of Ingevity. “Having conducted a thorough review of the Ingevity portfolio, we have determined that our APT segment and Road Markings business are not fully aligned with Ingevity’s core competencies nor its future strategic direction, which focuses on consistency, best-in-class margins and superior cash flow generation. As a result, we are expl Show less Read more
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