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Ingevity Q1 2023 Earnings Report

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$47.07 +0.61 (+1.31%)
As of 01/17/2025 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Ingevity EPS Results

Actual EPS
$1.09
Consensus EPS
$1.26
Beat/Miss
Missed by -$0.17
One Year Ago EPS
$1.62

Ingevity Revenue Results

Actual Revenue
$392.60 million
Expected Revenue
$411.22 million
Beat/Miss
Missed by -$18.62 million
YoY Revenue Growth
+2.60%

Ingevity Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

Ingevity Earnings Headlines

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Ingevity to explore strategic alternatives for Performance Chemicals line
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About Ingevity

Ingevity (NYSE:NGVT) manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for food, water, beverage, and chemical purification applications. The Performance Chemicals segment consists of road technologies and industrial specialties. This segment's products are used in pavement construction, pavement preservation, pavement reconstruction and recycling, road markings, agrochemical dispersants, paper chemicals, and other industrial uses. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices. It serves automotive parts and components manufacturers through sales representatives and distributors. The company was formerly known as WestRock Company, Specialty Chemicals Business and changed its name to Ingevity Corporation in September 2015. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.

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