---
schema_version: "secwatch.filing_event.v1"
accession: "0001653477-23-000007"
form_type: "8-K"
ticker: "NGVT"
cik: "0001653477"
company_name: "Ingevity Corp"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:45:39.242798+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ingevity reports record FY2022 sales and EBITDA; Q4 impacted by destocking; guides FY2023 sales $1.9-2.1B

## Summary
- Q4 net sales $383.6M (+14.2% YoY); net income $15.6M ($0.41 diluted EPS); adjusted EPS $0.57.
- Full year net sales $1.67B (+19.9%); net income $211.6M ($5.50 diluted EPS); adjusted EPS $6.01.
- Full year adjusted EBITDA $452.6M (27.1% margin); operating cash flow $313.1M; free cash flow $170.6M.
- FY2023 guidance: sales $1.9B-$2.1B, adjusted EBITDA $495M-$515M.
- Q4 results negatively impacted by significant customer destocking in second half of quarter.

## SEC filing metadata
- accession: 0001653477-23-000007
- form_type: 8-K
- ticker: NGVT
- cik: 0001653477
- company_name: Ingevity Corp
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/0001653477-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/ngvt-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653477-23-000007
- JSON: https://secwatch.observer/filing/0001653477-23-000007.json
- Plain text: https://secwatch.observer/filing/0001653477-23-000007.txt

## Key facts
- Earnings Releases
  Ingevity Corp reported the three months ended December 31, 2022 results: revenue $383.6 million, net income $15.6 million, EPS $0.41.
  - Period: the three months ended December 31, 2022
  - Revenue: $383.6 million
  - Net income: $15.6 million
  - EPS: $0.41
  - Result: preliminary results
  source text: Fourth Quarter (comparisons versus prior year period): • Net sales of $383.6 million increased 14.2%; • Net income of $15.6 million and diluted earnings per share (EPS) of $0.41
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/0001653477-23-000007-index.htm
- Earnings Releases
  Ingevity Corp reported the twelve months ended December 31, 2022 results: revenue $1.67 billion, net income $211.6 million, EPS $5.50.
  - Period: the twelve months ended December 31, 2022
  - Revenue: $1.67 billion
  - Net income: $211.6 million
  - EPS: $5.50
  - Result: preliminary results
  source text: Full Year (comparisons versus prior year period): • Net sales of $1.67 billion increased 19.9% • Net income of $211.6 million and diluted EPS of $5.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/0001653477-23-000007-index.htm
- Earnings Releases
  Ingevity Corp reported full year 2023 results: revenue between $1.9 billion and $2.1 billion. Guidance initiated.
  - Period: full year 2023
  - Revenue: between $1.9 billion and $2.1 billion
  - Guidance: initiated
  - Result: guidance update
  source text: Guidance: Company announces full year 2023 guidance for sales between $1.9 billion and $2.1 billion and adjusted EBITDA between $495 million and $515 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/0001653477-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.