---
schema_version: "secwatch.filing_event.v1"
accession: "0001653477-23-000054"
form_type: "8-K"
ticker: "NGVT"
cik: "0001653477"
company_name: "Ingevity Corp"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:46:51.342226+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ingevity Q3 net sales down 7% to $446M; adjusts FY EBITDA guidance to $375-390M, plans restructuring

## Summary
- Net sales $446M (-7% YoY); net income $25.2M ($0.69 EPS); adjusted EPS $1.21.
- Adjusted EBITDA $110.4M, margin 24.8%; operating cash flow $106.9M, free cash flow $73.4M.
- Updated FY2023 adjusted EBITDA guidance to $375-$390M.
- Announced closure of DeRidder, LA facility and company-wide restructuring to reposition Performance Chemicals.

## SEC filing metadata
- accession: 0001653477-23-000054
- form_type: 8-K
- ticker: NGVT
- cik: 0001653477
- company_name: Ingevity Corp
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000054/0001653477-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000054/ngvt-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653477-23-000054
- JSON: https://secwatch.observer/filing/0001653477-23-000054.json
- Plain text: https://secwatch.observer/filing/0001653477-23-000054.txt

## Key facts
- Earnings Releases
  Ingevity Corp reported the three and nine months ended September 30, 2023 results: revenue $446.0 million, net income $25.2 million, EPS $0.69.
  - Period: the three and nine months ended September 30, 2023
  - Revenue: $446.0 million
  - Net income: $25.2 million
  - EPS: $0.69
  - Result: preliminary results
  source text: Ingevity reports third quarter 2023 financial results HIGHLIGHTS : (comparisons versus prior year period) • Net sales of $446.0 million, down 7%, compared to a record prior year • Net income of $25.2 million and diluted earnings per share (EPS) of $0.69
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347723000054/0001653477-23-000054-index.htm

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