Ingevity Corp. (NGVT) Tops Q3 EPS by 3c

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Go back to Ingevity Corp. (NGVT) Tops Q3 EPS by 3c

Ingevity Reports Third Quarter 2016 Financial Results

November 2, 2016 6:22 PM EDT

Net sales of $252.0 million and a net loss of $4.8 million resulted in net loss as a percentage of sales of 1.9 percent, compared to net sales of $256.5 million and net income of $24.7 million which resulted in net income as a percentage of sales of 9.6 percent in the prior year quarter Net loss reflects a non-cash restructuring charge of $32.2 million for closure of Performance Chemicals Palmeira, Brazil, crude tall oil (CTO) refinery Diluted loss per share was $0.17; adjusted earnings per share were $0.64 Adjusted EBITDA of $59.6 million up 5.3 percent... More