Ingevity (NGVT) Tops Q1 EPS by 32c

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Go back to Ingevity (NGVT) Tops Q1 EPS by 32c

Ingevity reports first quarter 2020 financial results

April 29, 2020 4:15 PM EDT

Net sales of $288.2 million were up 4.1% versus the prior year quarters sales of $276.8 million. Net income of $45.3 million was up 99.6% versus net income in the prior year quarter of $22.7 million; net income as a percentage of sales was 15.7%, compared to 8.2% in the prior year quarter; diluted earnings per share were $1.08 compared to $0.54. Adjusted earnings of $47.2 million were up 12.6% versus adjusted earnings in the prior year quarter of $41.9 million; diluted adjusted earnings per share were $1.12 versus $0.99 in the prior year quarter. Adjusted EBITDA of $92.2 million were up 10.4% compared to first quarter 2019 adjusted EBITDA of $83.5... More