earnings
confidence high
sentiment positive
materiality 0.85
Q4 net sales $336M (+3.2%); FY net sales $1.4B (+14.4%); FY22 guidance sales $1.525-1.60B
Ingevity Corp
2021-FY EPS reported
$2.95
revenue$1,391,500,000
- Q4 diluted EPS $0.74; adjusted EPS $0.78; FY diluted EPS $2.95 (includes $85M litigation charge impact of $1.63); adjusted EPS $5.23 (+7.2%).
- FY adjusted EBITDA $422.2M (+6.1%), margin 30.3%; operating cash flow $293M, free cash flow $189.2M.
- FY 2022 guidance: net sales $1.525-1.60B and adjusted EBITDA $430-460M.
- EVP Michael P. Smith retiring March 1, 2022; consulting agreement through Feb 2024 with $1,000/day fee and stock-based compensation.