earnings
confidence high
sentiment negative
materiality 0.75
Ingevity Q3 net loss $107.2M; sales down 16% YoY; affirms FY adjusted EBITDA guidance
Ingevity Corp
2024-Q3 EPS reported
-$12.31
revenue$1,107,600,000
- Net sales $376.9M, down 16% YoY, primarily due to Performance Chemicals repositioning.
- Net loss $107.2M ($2.95 diluted EPS) includes $86.9M restructuring charges and $100M contract termination fees.
- Adjusted EPS $1.10; adjusted EBITDA $106.4M (28.2% margin).
- Full-year guidance: sales $1.40-$1.50B, adjusted EBITDA $350-$360M.
- Operating cash flow $46.5M, free cash flow $28.5M.