secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001653477-24-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingevity Q2 net loss $283.7M on goodwill impairment; guides FY sales $1.40-1.50B
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- Net sales $390.6M, down 19% YoY; net loss of $283.7M ($7.81 diluted EPS) due to Performance Chemicals goodwill impairment.
- Adjusted earnings $36.8M, adjusted diluted EPS $1.01; adjusted EBITDA $101.3M (25.9% margin).
- Terminated a long-term crude tall oil supply contract; closing Crossett, AR facility for cost savings.
- Revised FY 2024 guidance: sales $1.40-1.50B (from prior range) and adjusted EBITDA $350-360M.
- Operating cash flow $29.7M; free cash flow $11.6M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000080/0001653477-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000080/ngvt-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001653477-24-000080

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