Ingevity (NGVT) Tops Q4 EPS by 56c
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Ingevity reports preliminary fourth quarter and full year 2020 financial results
February 10, 2021 4:15 PM ESTIngevity 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