---
schema_version: "secwatch.filing_event.v1"
accession: "0001653477-24-000006"
form_type: "8-K"
ticker: "NGVT"
cik: "0001653477"
company_name: "Ingevity Corp"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:07:44.907064+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Q4 net sales $371.7M (-3.1% YoY); net loss $116.8M, diluted loss per share $3.23.
- Restructuring charges of $107.5M driven by shutdown of DeRidder, LA CTO refinery completed early Feb 2024.
- Adjusted EPS $0.21; adjusted EBITDA $61.8M (16.6% margin).
- Full-year 2023 net sales $1.69B (+1.4% YoY); net loss $5.4M; adjusted EPS $3.94.
- FY2024 guidance: sales $1.40-1.55B; adjusted EBITDA $365-390M.

## SEC filing metadata
- accession: 0001653477-24-000006
- form_type: 8-K
- ticker: NGVT
- cik: 0001653477
- company_name: Ingevity Corp
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653477/000165347724000006/0001653477-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653477/000165347724000006/ngvt-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653477-24-000006
- JSON: https://secwatch.observer/filing/0001653477-24-000006.json
- Plain text: https://secwatch.observer/filing/0001653477-24-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347724000006/0001653477-24-000006-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653477/000165347724000006/0001653477-24-000006-index.htm

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