Ingevity(US:NGVT)2022-02-25 01:41Financial Performance - Full Year 2021 net sales reached $1391.5 million, a 14.4% increase compared to $1216.1 million in 2020[15] - Full Year 2021 adjusted EBITDA was $422.2 million, a 6.1% increase compared to $397.9 million in 2020[15] - Q4 2021 net sales increased by 3.2% to $336.0 million from $325.6 million in Q4 2020[15] - Q4 2021 adjusted EBITDA decreased by 28.2% to $79.6 million from $110.9 million in Q4 2020[15] - The company repurchased over 1.4 million shares for a total of $109 million[24] Segment Performance - Performance Chemicals' Q4 2021 net sales were $204.0 million, a 23.7% increase year-over-year, and full year sales were $874.7 million, up 23.9%[26] - Performance Materials' Q4 2021 net sales were $132.0 million, a decrease of 17.9% year-over-year, while full year sales were $516.8 million, up 1.3%[28] - Engineered Polymers sales increased by 22% in Q4 and 46% in FY due to increased global volumes and higher selling prices[27] - Industrial Specialties sales increased by 28% in Q4 and 26% in FY driven by growth in adhesives, TOFA, dispersants and oilfield markets[27] 2022 Guidance - The company projects revenue between $1525 million and $1600 million for FY 2022[31] - Adjusted EBITDA is expected to be between $430 million and $460 million for FY 2022[31]