---
schema_version: "secwatch.filing_event.v1"
accession: "0001653477-23-000033"
form_type: "8-K"
ticker: "NGVT"
cik: "0001653477"
company_name: "Ingevity Corp"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:09:32.212808+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ingevity Q1 net sales $392.6M (+2.6%), adj EPS $1.09; FY23 guidance reaffirmed

## Summary
- Net sales $392.6M (+2.6% YoY), net income $50.7M, diluted EPS $1.35; adjusted EPS $1.09.
- Adjusted EBITDA $103.9M (26.5% margin); operating cash flow $5.2M, free cash flow -$20.2M on seasonal inventory build.
- Share repurchases of $33.4M in Q1.
- Converting Crossett, AR plant to 100% non-CTO feedstocks for oleo-based alternate fatty acids.
- FY23 guidance: sales $1.75-1.95B, adj EBITDA $450-480M.

## SEC filing metadata
- accession: 0001653477-23-000033
- form_type: 8-K
- ticker: NGVT
- cik: 0001653477
- company_name: Ingevity Corp
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000033/0001653477-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000033/ngvt-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653477-23-000033
- JSON: https://secwatch.observer/filing/0001653477-23-000033.json
- Plain text: https://secwatch.observer/filing/0001653477-23-000033.txt

## Key facts
- Earnings Releases
  Ingevity Corp updated its for the three months ended March 31, 2023 guidance (reaffirmed).
  - Period: for the three months ended March 31, 2023
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On May 3, 2023, Ingevity Corporation ("Ingevity") announced its preliminary financial results for the three months ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000033/0001653477-23-000033-index.htm

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