Ingevity (NGVT) Tops Q4 EPS by 1c
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Ingevity reports fourth-quarter and full-year 2021 financial results
February 23, 2022 4:15 PM ESTHIGHLIGHTS: (comparisons versus prior year period)
Company delivered solid results despite supply chain challenges and inflationary cost pressures, and the continuing microchip shortage that negatively impacted fourth-quarter (Q4) and full-year (FY) performance Net sales in Q4 of $336.0 million increased 3.2%, with FY net sales of $1.4 billion up 14.4% Q4 net income of $29.3 million and diluted earnings per share (EPS) of $0.74; Q4 adjusted earnings of $30.9 million and diluted adjusted EPS of $0.78 FY net income of $118.1 million and diluted EPS of $2.95, reflecting an $85 million litigation verdict charge that had a $1.63 impact, net of tax, to diluted... More