Ingevity reports third quarter 2019 financial results
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Ingevity (NGVT) Tops Q3 EPS by 5c, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus
October 23, 2019 4:37 PM EDTIngevity (NYSE: NGVT) reported Q3 EPS of $1.46, $0.05 better than the analyst estimate of $1.41. Revenue for the quarter came in at $359.9 million versus the consensus estimate of $365.4 million.
Net sales of $359.9 million were up 15.6% versus the prior year quarters sales of $311.2 millionNet income of $59.9 million was up 15.9% versus net income in the prior year quarter of $51.7 million; net income as a percentage of sales of 16.6% was level with the prior year quarter; diluted earnings per share were $1.41 compared to $1.16Adjusted earnings of $62.2 million were... More