Ingevity (NGVT) Tops Q4 EPS by 30c
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Ingevity reports preliminary fourth quarter and full year 2018 financial results
February 13, 2019 4:15 PM ESTFOURTH QUARTER
Net sales of $278.6 million were up 21.4 percent versus the prior year quarters sales of $229.5 million Net income of $42.1 million was down 12.3 percent versus net income in the prior year quarter of $48.0 million due to greater tax benefits from U.S. tax reform; net income as a percentage of sales was 15.1 percent, compared to 20.9 percent in the prior year quarter; diluted earnings per share were $0.99 compared to $0.97 in the prior year quarter Adjusted earnings of $45.3 million were up 134.7 percent versus adjusted earnings in the prior year... More