Ingevity (NGVT) Tops Q2 EPS by 10c, Beats on Revenues; Boosts FY18 EBITDA Outlook; Reaffirms FY18 Revenue Views
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Ingevity reports second quarter 2018 financial results
July 25, 2018 4:15 PM EDTNet sales of $308.6 million were up more than 18 percent versus the prior year quarters sales of $260.3 million Net income of $52.2 million was up 46 percent versus net income in the prior year quarter of $35.8 million; net income as a percentage of sales was 16.9 percent, compared to net income as a percentage of sales of 13.8 percent in the prior year quarter; diluted earnings per share were $1.10 Adjusted EBITDA of $89.4 million were up 33 percent compared to second quarter 2017 adjusted EBITDA of $67.2 million; diluted adjusted earnings per share were $1.12 Adjusted EBITDA margin... More
