secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001653477-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347723000033/0001653477-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347723000033/ngvt-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001653477-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer