secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001653477-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/0001653477-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347723000007/ngvt-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001653477-23-000007

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