Ingevity (NGVT) Tops Q1 EPS by 2c
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Ingevity reports first quarter 2019 financial results
May 1, 2019 4:15 PM EDTNet sales of $276.8 million were up 17.7% versus the prior year quarters sales of $235.2 million Net income of $22.7 million was down 36.6% versus net income in the prior year quarter of $35.8 million primarily due to acquisition costs; net income as a percentage of sales was 8.2%, compared to 15.2% in the prior year quarter; diluted earnings per share were $0.54 compared to $0.72 Adjusted earnings of $41.9 million were up 23.6% versus adjusted earnings in the prior year quarter of $33.9 million; diluted adjusted earnings per share were $0.99 versus $0.79 in the prior year quarter... More
