Ingevity reports record Q2 sales of $419.9M, announces $325M Ozark Materials acquisition

Ingevity Corp

2022-Q2 EPS reported $3.09 revenue$802,700,000

Record sales $419.9M, up 17.2% YoY; net income $59.8M ($1.54 diluted EPS), adj. EPS $1.73.
EBITDA $121.1M (second highest); adj. EBITDA margin 28.8%; operating cash flow $90.5M, free cash flow $60.9M.
Agreed to acquire Ozark Materials for $325M to strengthen pavement marking products portfolio.
Invested $60M in Nexeon Ltd for joint development of silicon/activated carbon EV battery technology.
Performance and guidance details included in full press release.

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