secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001653477-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000006/0001653477-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000006/ngvt-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001653477-24-000006

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