Ingevity Corporation
53.76-1.96 (-3.52%)
Oct 29, 4:00:02 PM EDT · NYSE · NGVT · USD
Key Stats
Market Cap
1.96BP/E (TTM)
-Basic EPS (TTM)
-5.95Dividend Yield
0%Recent Filings
8-K
Ingevity appoints Performance Materials leader
Ingevity Corporation appointed Ruth Castillo as Senior Vice President and President of Performance Materials, effective November 10, 2025, to lead its activated carbon segment. With over 25 years in chemicals and materials, including roles at Avantor and Celanese, she brings expertise in innovation and growth. This move aims to reinforce market leadership in evaporative emissions control while accelerating expansion into emerging applications. Forward-looking statements highlight potential benefits, yet actual results may differ due to risks detailed in SEC filings.
8-K
Ingevity sells refinery assets
Ingevity Corporation signed an asset purchase agreement on September 3, 2025, to sell its North Charleston crude tall oil refinery and most of its industrial specialties product line to Mainstream Pine Products for $110 million in cash, plus up to $19 million in contingent consideration based on future EBITDA. The deal, expected to close by early Q1 2026, slashes exposure to CTO volatility while preserving Road Technologies production via supply agreements. This divestiture sharpens margins and cash flow. Risks include closing conditions like regulatory approvals.
10-Q
Q2 FY2025 results
Ingevity's Q2 revenue dipped 6.5% y/y to $365.1M, with Performance Chemicals down 9% from repositioning and wet weather, yet gross profit climbed 11.9% to $137.9M on lower costs and pricing gains. Adjusted EBITDA rose 8.6% y/y to $110.0M, buoyed by $8M in savings from plant closures. Cash from operations hit $104.4M YTD, up sharply from $17.6M, yielding $82.2M free cash flow (derived) after $22.2M capex; debt fell to $1.3B with $400M revolver availability. A $183.8M goodwill impairment hit APT from tariffs, but core segments stabilized. Ongoing proxy contest adds governance noise.
8-K
Ingevity's Q2 loss masks strong adjusted gains
Ingevity reported Q2 2025 net sales of $365.1 million, down 7% year-over-year, with a $146.5 million net loss driven by a $183.8 million non-cash goodwill impairment in Advanced Polymer Technologies amid tariff uncertainty and weak industrial demand. Adjusted EBITDA rose 9% to $110.0 million, boosted by repositioning in Performance Chemicals that cut costs and improved mix. Free cash flow hit $66.8 million. The company raised full-year adjusted EBITDA guidance to $390–$415 million while holding sales at $1.25–$1.40 billion. Tariffs pose ongoing risks.
8-K
Woodcock departs Performance Materials
Ingevity Corporation announced the departure of S. Edward Woodcock, Executive Vice President and President of Performance Materials, effective July 1, 2025, after a 37-year career that drove global expansion and profitability in the activated carbon business. The company will search for a successor, with interim management by Andrew Fox and Jonathan MacIver, while Woodcock assists the transition. Ingevity maintains its full-year guidance unchanged. Leadership shifts can disrupt momentum, yet the segment's strong team persists.
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