Ingevity's (NGVT) Earnings and Revenues Miss Estimates in Q2

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 ...