Ingevity(US:NGVT)2025-11-06 15:00Financial Performance - Total net sales decreased by 39% to $3621 million compared to Q3 2024[7] - Adjusted EBITDA increased by 139% to $1212 million with a margin of 335%[7] - Free cash flow increased to $118 million due to higher earnings and working capital benefits[5, 16] - Net debt ratio improved to 27x[5, 16] - The company is selling the North Charleston crude tall oil refinery and the majority of the Industrial Specialties product line for $110 million[5] Segment Performance - Performance Materials net sales increased by 26% to $1550 million[17] - Advanced Polymer Technologies net sales decreased by 217% to $382 million[21] - Performance Chemicals combined net sales decreased by 46% to $1689 million[26] - Road Technologies sales increased by 45% to $1399 million, while Industrial Specialties sales decreased by 327% to $290 million[26] Guidance - Full-year net sales are projected to be $125 - $135 billion[31] - Full-year adjusted EBITDA is projected to be $390 - $405 million[31] - Free cash flow for the full year is expected to be $250 - $270 million, including ~$40 million from discontinued operations[31, 34]