secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001653477-24-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingevity Q1 2024 net loss of $56M, sales down 13%; reiterates full-year guidance
--------------------------------------------------------------------------------

- Net sales $340.1M, down 13% YoY; net loss $56.0M ($1.54 diluted EPS loss).
- Adjusted earnings $19.1M, adjusted EPS $0.52; adjusted EBITDA $76.9M (22.6% margin).
- Operating cash flow negative $12.1M, free cash flow negative $28.7M, including $19.8M cash losses on CTO resales.
- Realized $20M cost savings in Q1; targeting $65-75M for full year 2024.
- Full-year 2024 guidance reaffirmed: sales $1.40B-$1.55B, adjusted EBITDA $365M-$390M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000055/0001653477-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000055/ngvt-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001653477-24-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer