secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001653477-23-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347723000054/0001653477-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347723000054/ngvt-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001653477-23-000054

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