Ingevity reports first quarter 2024 financial results
Ingevity Corporation (NGVT)
Last ingevity corporation earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
ir.ingevity.com
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Source: Business Wire
HIGHLIGHTS: (comparisons versus prior year period)Net sales of $340.1 million, down 13% primarily as a result of the repositioning of Performance ChemicalsNet loss of $56.0 million and diluted loss per share (EPS) of $1.54; adjusted earnings of $19.1 million and diluted adjusted EPS of $0.52Adjusted EBITDA of $76.9 million and adjusted EBITDA margin of 22.6%Operating cash flow of negative $12.1 million with free cash flow of negative $28.7 million reflecting normal seasonal inventory build and cash losses on crude tall oil (CTO) resales of $19.8 millionRealized approximately $20 million of cost savings in Q1; on track for $65 million to $75 million of cost savings in 2024Reiterating full year guidance of sales between $1.40 billion and $1.55 billion and adjusted EBITDA between $365 million and $390 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 CHARLES
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News
- Ingevity Co. (NYSE: NGVT) had its price target raised by analysts at BMO Capital Markets from $50.00 to $55.00. They now have a "market perform" rating on the stock.MarketBeat
- Ingevity Co. (NYSE: NGVT) had its price target raised by analysts at Loop Capital from $49.00 to $56.00. They now have a "hold" rating on the stock.MarketBeat
- Ingevity Corporation (NYSE:NGVT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ingevity's (NGVT) Earnings and Revenues Beat Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Ingevity Co. (NYSE: NGVT) had its price target raised by analysts at Oppenheimer Holdings Inc. from $50.00 to $58.00. They now have an "outperform" rating on the stock.MarketBeat
NGVT
Earnings
- 5/1/24 - Beat
NGVT
Sec Filings
- 5/7/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- NGVT's page on the SEC website