earnings
confidence high
sentiment neutral
materiality 0.85
Ingevity Q4 net sales down 20% YoY to $298.8M; full-year net loss $430.3M
Ingevity Corp
2024-FY EPS reported
-$11.85
revenue$1,406,400,000
- Q4 net sales $298.8M (-20% YoY); adjusted EBITDA $80.6M (margin 27.0%); net income $16.6M includes $23.4M restructuring charges.
- Full-year net sales $1.4B (-17% YoY); net loss $430.3M on $688M pre-tax charges in Performance Chemicals; adjusted EPS $3.51.
- 2025 guidance: sales $1.3B-$1.4B, adjusted EBITDA $400M-$415M, free cash flow $220M-$260M.
- In January 2025, began exploring strategic alternatives for Performance Chemicals Industrial Specialties line and North Charleston CTO refinery.
- Q4 operating cash flow $64.5M included final $50M termination fee payment from a long-term CTO supply agreement.