Ingevity (NGVT) Tops Q3 EPS by 13c

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Go back to Ingevity (NGVT) Tops Q3 EPS by 13c

Ingevity reports third quarter 2021 financial results

October 27, 2021 4:15 PM EDT

HIGHLIGHTS: (comparisons versus prior year period)

Third quarter net sales of $376.8 million, up 13.6% Net loss of $4.2 million reflects an $85 million pre-tax expense for a litigation verdict, which had an after-tax impact on earnings of $1.64 per share Adjusted earnings of $64.4 million and adjusted earnings per share of $1.62 Adjusted EBITDA of $119.5 million and adjusted EBITDA margin of 31.7% Operating cash flow of $100.1 million drove free cash flow of $74.6 million Company updates full year 2021 guidance to sales between $1.320 billion and $1.360 billion and adjusted EBITDA between $405 million and $420 million

The results and... More