Ingevity (NGVT) Tops Q4 EPS by 56c

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Go back to Ingevity (NGVT) Tops Q4 EPS by 56c

Ingevity reports preliminary fourth quarter and full year 2020 financial results

February 10, 2021 4:15 PM EST

Ingevity delivers strong fourth quarter results driven by continued recovery of global automotive production, an increase in demand for engineered polymers, and ongoing global paving activity Gross margins accrete despite COVID-19 economic environment Company announces fiscal year 2021 guidance for sales between $1.25 billion and $1.30 billion and adjusted EBITDA between $400 million and $420 million

FOURTH QUARTER (comparisons versus prior year)

Net sales of $325.6 million were up 7.3% Net income of $50.8 million was up 14.7%; net income margin was 15.6%, up 100 basis points Adjusted EBITDA of $110.9 million were up 21.7%; adjusted EBITDA margin of... More