Ingevity Corporation (NGVT)
Ingevity Corporation (NGVT) is a specialty chemical and material company that provides products and solutions primarily for the automotive, industrial, and consumer markets. It focuses on renewable and high-performance materials, including specialty carbon, activated carbon, adhesives, and binders, serving applications such as automotive emissions reducing systems, resin combinations, and environmental remediation. The company was spun off from WestRock in 2016 and is headquartered in North Charleston, South Carolina.
Company News
Ingevity reported Q2 2025 earnings with mixed results: non-GAAP EPS exceeded expectations at $1.39, but revenue declined 6.5% to $365.1 million. The company saw improved profitability and cash flow, with a significant goodwill impairment in Advanced Polymer Technologies.
Ingevity Corporation reported a Q2 2024 loss of $283.7 million or $7.81 per share, down from a profit of $35.5 million a year ago. Revenues declined 18.9% year-over-year to $390.6 million, missing estimates. The company revised its sales and adjusted EBITDA guidance for 2024.
The article analyzes the recent ratings and price targets of 5 financial analysts for Ingevity, a chemical manufacturer. The analysts have a mixed outlook, with an average 12-month price target of $55.2 and a range of ratings from 'Outperform' to 'Underperform'. The company's financial performance, including declining revenue, low profitability, ...
Ingevity Corp has finalized the termination of a significant crude tall oil supply agreement with GP Pine Chemicals, a subsidiary of Georgia-Pacific. The termination provides Ingevity more flexibility as it plans to restructure its Performance Chemicals business segment to focus on specialty chemicals markets.
