Ingevity Corporation (NGVT) recorded a third-quarter 2024 loss of $107.2 million or $2.95 per share. This compares unfavorably with a profit of $25.2 million or 69 cents in the year-ago quarter. Excluding one-time items, adjusted earnings in the quarter were $1.10 per share, down from $1.21. The figure surpassed the Zacks Consensus Estimate of 60 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues fell 15.5% year over year to $376.9 million in the quarter. The downside is ...

Exhibit 99.1 News Ingevity Corporation 4920 O'Hear Avenue Suite 400 North Charleston, SC 29405 USA www.ingevity.com Contact: Caroline Monahan 843-740-2068 media@ingevity.com Investors: John E. Nypaver, Jr. 843-740-2002 investors@ingevity.com Ingevity reports third quarter 2024 financial results HIGHLIGHTS: • Net sales of $376.9 million, down 16% compared to prior year, primarily due to repositioning actions in Performance Chemicals • Net loss of $107.2 million and diluted loss per share of $2.95 reflects be ...

Ingevity (NGVT) shares soared 12% in the last trading session to close at $37.04. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.6% loss over the past four weeks. NGVT's gain appears to reflect a recovery in its shares from the recent slump following its announcement of the CEO transition. NGVT, last Thursday, announced the departure of John Fortson as president and CEO and from the board of directors of the company, effective ...

Product Launch and Innovation - Ingevity Corporation will launch Capa HS, a next-generation polycaprolactone polyol designed for enhanced hydrolytic resistance in polyurethanes, at the Polyurethanes Technical Conference in Atlanta [1] - Capa HS extends the life of polyurethane elastomers in tough, wet, and humid conditions, making it suitable for industries like offshore, mining, and petroleum [2] - The Capa HS series demonstrates superior performance in outdoor and maritime conditions, retaining integrity after simulating ten years of water ingress compared to traditional polyesters [3] Company Overview and Market Position - Ingevity is a global leader in caprolactone technology with a 50-year history of innovation, distributing Capa products across various industries to enhance durability, flexibility, and resistance [4] - The company's advanced polymer technologies business focuses on sustainable end-of-life solutions for its products [4] Financial Performance and Guidance - Ingevity's shares have declined 16% over the past year, compared to the industry's 2.5% decline [5] - Q2 2024 sales were impacted by the repositioning of the Performance Chemicals segment, though higher sales in Performance Materials partially offset the decline [5] - The company revised its 2024 sales guidance to $1.4-$1.5 billion and adjusted EBITDA outlook to $350-$360 million [6] Industry Context and Competitors - The Polyurethanes Technical Conference is North America's longest-running polyurethanes conference, offering industry networking and regulatory insights [5] - Carpenter Technology Corporation, Eldorado Gold Corporation, and Hawkins, Inc are better-ranked stocks in the basic materials space, with Carpenter Technology sporting a Zacks Rank 1 (Strong Buy) and significant share price gains over the past year [8][9][10]

Ingevity Corporation (NGVT) recorded a second-quarter 2024 loss of $283.7 million or a loss of $7.81 per share. In the year-ago quarter, it posted a profit of $35.5 million or 97 cents per share. Excluding one-time items, adjusted earnings in the quarter were $1.01 per share, down from $1.41 a year ago. The figure missed the Zacks Consensus Estimate of $1.05. The company's revenues declined 18.9% year over year to $390.6 million in the quarter, missing the Zacks Consensus Estimate of $415.5 million. The fal ...

Ingevity. SECOND QUARTER 2024 EARNINGS PRESENTATION August 1, 2024 2 Use of non-GAAP financial measures: This presentation includes certain non‐GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non‐GAAP financial measures to GAAP financial measures are provided within the Appendix to this presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. The company does not a ...

Ingevity Corporation (NYSE:NGVT) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants John Nypaver - VP, Treasurer & IR John Fortson - President, CEO & Director Mary Hall - CFO, EVP & Treasurer Conference Call Participants John McNulty - BMO Capital Markets Daniel Rizzo - Jefferies Jonathan Tanwanteng - CJS Securities Mike Sison - Wells Fargo Operator Good morning all and thank you all for attending the Ingevity Second Quarter 2024 Earnings Call and Webcast. My name is Brika, and ...

Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the North American market [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8% due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered the European market, with initial sales exceeding expectations [4]. - A new distribution center was opened in Germany to support the growing demand in the region [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Product Development - Launched three new products in the tech category, which received positive customer feedback [7]. - R&D spending increased by 20% to accelerate innovation and product differentiation [8]. - The company plans to introduce a new line of eco-friendly products by the end of the year [9]. Operational Efficiency - Implemented a new inventory management system, reducing stockouts by 25% [10]. - Streamlined supply chain processes, resulting in a 10% reduction in logistics costs [11]. - Employee training programs were expanded to improve productivity and reduce turnover [12]. Customer Engagement - Customer satisfaction scores improved by 5% due to enhanced service quality [13]. - Launched a loyalty program that has already attracted over 100,000 members [14]. - Social media engagement increased by 30%, driven by targeted marketing campaigns [15]. Regulatory Compliance - The company successfully passed all regulatory audits without any major findings [16]. - Implemented new data privacy measures to comply with GDPR requirements [17]. - Increased transparency in financial reporting to meet new regulatory standards [18]. Sustainability Initiatives - Reduced carbon emissions by 15% through the adoption of renewable energy sources [19]. - Achieved a 20% reduction in water usage across all manufacturing facilities [20]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [21].

Ingevity (NGVT) came out with quarterly earnings of $1.01 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -3.81%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.52, delivering a surprise of 40.54%. Over the last four quarters, the company has su ...

Exhibit 99.1 News Ingevity Corporation 4920 O'Hear Avenue Suite 400 North Charleston, SC 29405 USA www.ingevity.com Contact: Caroline Monahan 843-740-2068 media@ingevity.com Investors: John E. Nypaver, Jr. 843-740-2002 investors@ingevity.com Ingevity reports second quarter 2024 financial results HIGHLIGHTS: • Net sales of $390.6 million, down 19% compared to prior year • Net loss of $283.7 million and diluted loss per share of $7.81 primarily due to a Performance Chemicals non-cash goodwill impairment charg ...