Ingevity (NGVT) Tops Q2 EPS by 11c, Offers Guidance
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Ingevity reports second quarter 2022 financial results
August 2, 2022 4:17 PM EDTHIGHLIGHTS: (comparisons versus prior year period)
Company delivered record sales of $419.9 million, up 17.2% Net income of $59.8 million and diluted earnings per share (EPS) of $1.54; adjusted earnings of $67.0 million and diluted adjusted EPS of $1.73 Second highest quarterly EBITDA of $121.1 million, up 2.9% and adjusted EBITDA margin of 28.8% Operating cash flow of $90.5 million and free cash flow of $60.9 million The Company also announced two strategic growth investments: An agreement to acquire Ozark Materials, a leading producer of pavement marking materials, for $325.0 million which strengthens the Companys position in this growing... More