Ingevity (NGVT) Tops Q1 EPS by 25c, Misses on Revenue; Offers FY25 Revenue Guidance

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Ingevity reports first quarter 2025 financial results

May 5, 2025 4:15 PM EDT

HIGHLIGHTS:

Net sales of $284.0 million, down 17% compared to prior year, primarily due to repositioning actions in Performance Chemicals, which included the exit of certain lower-margin end markets Net income of $20.5 million and diluted earnings per share (EPS) of $0.56 reflects before-tax special charges of $20.2 million; adjusted earnings of $36.4 million and diluted adjusted EPS of $0.99 Adjusted EBITDA of $91.3 million increased 23% and adjusted EBITDA margin improved to 32.1% due primarily to the successful execution of repositioning actions in Performance Chemicals and continued strong profitability in Performance Materials Operating cash flow of $25.4 million with free cash... More