Ingevity (NGVT) Tops Q1 EPS by 24c
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Ingevity reports first quarter 2021 financial results
April 28, 2021 4:15 PM EDTHIGHLIGHTS: (comparisons versus prior year)
Ingevity delivers strong first quarter results based on demand improvement across its businesses Net sales of $320.3 million were up 11.1% Net income of $48.7 million was up 7.5%; net income margin was 15.2%, down 50 basis points Adjusted EBITDA of $105.4 million was up 14.3%; adjusted EBITDA margin of 32.9%, up 90 basis points Operating cash flow of $51.1 million was down 15.1%; free cash flow of $34.1 million was down 16.2% Company increases fiscal year 2021 guidance for sales to between $1.275 billion and $1.325 billion and adjusted EBITDA to between $410 million and $430 million... More