earnings
confidence high
sentiment positive
materiality 0.80
Ingevity reports record Q1 sales $382.8M, raises FY2022 guidance
Ingevity Corp
2022-Q1 EPS reported
$1.55
revenue$382,800,000
- Q1 sales $382.8M (+19.5% YoY); net income $60.8M ($1.55 diluted EPS); adjusted EPS $1.62.
- Record Q1 adjusted EBITDA $119.0M (+12.9%); margin 31.1%.
- Operating cash flow $24.3M; free cash flow -$3.3M on working capital build.
- FY2022 guidance raised: sales $1.525B-$1.65B; adjusted EBITDA $430M-$470M.