secwatch / observer
8-K filed February 21, 2024, 6:59 PM ET ticker NGVT CIK 0001653477
earnings confidence high sentiment negative materiality 0.75

Ingevity Q4 net loss of $116.8M includes $107.5M restructuring; FY2024 sales guidance $1.40-1.55B

Ingevity Corp

2023-FY EPS reported -$0.15 revenue$1,692,100,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Ingevity Corp reported the three months ended December 31, 2023 results: revenue $371.7 million, net income Net loss of $116.8 million and diluted loss per share of $3.23, EPS diluted loss per share of $3.23. Guidance initiated.

Period
the three months ended December 31, 2023
Revenue
$371.7 million
Net income
Net loss of $116.8 million and diluted loss per share of $3.23
EPS
diluted loss per share of $3.23
Guidance
initiated
Result
preliminary results
Exact text from the filing
843-740-2002 investors@ingevity.com Ingevity reports fourth quarter and full year 2023 financial results Fourth Quarter (comparisons versus prior year period): • Net sales of $371.7 million decreased 3.1% • Net loss of $116.8 million and diluted loss per share of $3.23, including restructuring charges of $107.5 million; adjusted earnings of $7.8 million and diluted
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Ingevity Corp reported the twelve months ended December 31, 2023 results: revenue $1.69 billion, net income Net loss of $5.4 million and diluted loss per share of $0.15, EPS diluted loss per share of $0.15. Guidance initiated.

Period
the twelve months ended December 31, 2023
Revenue
$1.69 billion
Net income
Net loss of $5.4 million and diluted loss per share of $0.15
EPS
diluted loss per share of $0.15
Guidance
initiated
Result
preliminary results
Exact text from the filing
assets to be shut down during the first half of the year • Implemented significant cost savings actions Full Year (comparisons versus prior year period): • Net sales of $1.69 billion increased 1.4% • Net loss of $5.4 million and diluted loss per share of $0.15, including restructuring charges of $145.3 million; adjusted earnings of $144.7 million and diluted
View on SEC.gov

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Source: SEC EDGAR
accession 0001653477-24-000006
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