Welcome to our dedicated page for Ingevity Corporation news (Ticker: NGVT), a resource for investors and traders seeking the latest updates and insights on Ingevity Corporation stock.
Ingevity Corporation (NYSE: NGVT) is a leading manufacturer of performance chemicals and materials based in the United States. The company operates in three primary segments: Performance Chemicals, Performance Materials, and Advanced Polymer Technologies.
The Performance Chemicals segment is the largest revenue generator, producing specialty chemicals used in diverse applications such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. These chemicals are designed to enhance the performance and durability of these products, making them essential in their respective industries.
The Performance Materials segment focuses on the production of automotive carbon products, which are critical for improving the efficiency and emissions of vehicles. This segment plays a significant role in ensuring that the air we breathe is cleaner by providing innovative solutions for the automotive industry.
The Advanced Polymer Technologies segment specializes in caprolactone and caprolactone-based specialty polymers. These advanced polymers are used in a variety of high-performance applications, offering unique properties that enhance the capabilities of products across different markets.
Ingevity is committed to addressing customer challenges with creative and resourceful teams that aim to purify, protect, and enhance the world around us. By leveraging their high-performing people, products, and processes, Ingevity strives to drive exponential results and improve daily living.
Recent achievements include advancements in oilfield technologies that enable oil to flow better, innovations in agricultural chemicals that help crops grow fuller, and the development of longer-lasting road materials. The company also invests in partnerships and projects that align with their mission to create sustainable and impactful solutions.
Ingevity generates the majority of its revenue from North America and continues to expand its presence in global markets. The company’s financial condition remains robust, underpinned by steady revenue growth and strategic investments in research and development.
Stay updated with the latest news and developments about Ingevity Corporation to understand how they are driving innovation and making a significant impact across various industries.
Ingevity Corporation (NYSE: NGVT) is set to host an Investor Day on May 22, 2023, from 1:00 p.m. to 4:00 p.m. Eastern time in New York City. The event will feature President and CEO John Fortson and CFO Mary D. Hall, along with segment presidents, discussing the company's long-term growth strategy and financial targets. This will be followed by a live Q&A session. Attendance is by invitation only, but a live webcast and presentation will be available on Ingevity's website. A replay will remain accessible for 12 months.
Ingevity Corporation (NYSE:NGVT) is participating in the European Coatings Show 2023 in Nuremburg, Germany, from March 27-30. The company highlights its Capa® caprolactone high-performance polyols and new vegetable oil-based products. Amanda Tosh will present a study on the sustainability benefits of Capa polyols in 2K polyurethane coatings. Steve Hulme emphasizes the versatility and durability of these polyols. Ingevity also launched the low-color AltaVeg™ FA 120, enhancing options for durable coatings. The company invites attendees to visit booth 3C-548 for more information.
Ingevity Corporation (NYSE: NGVT) reported record net sales of $1.67 billion for the full year 2022, up 19.9% from the previous year. Fourth-quarter net sales reached $383.6 million, a 14.2% increase year-over-year, despite a 47% drop in net income to $15.6 million due to customer destocking. Adjusted EBITDA for the fourth quarter was $74.3 million, with a margin of 19.4%. For 2023, Ingevity expects sales between $1.9 billion and $2.1 billion and adjusted EBITDA between $495 million and $515 million, reflecting anticipated recovery in key markets.
Ingevity Corporation (NYSE:NGVT) announced the election of Bruce Hoechner to its board of directors effective February 16, 2023. Hoechner brings significant experience, having served as president and CEO of Rogers Corporation until 2022, and previously held leadership roles at Dow Chemical and Rohm and Haas. The chair of Ingevity's board, Jean Blackwell, expressed optimism that Hoechner's expertise in international marketing and business strategy will positively impact the company's growth and sustainability initiatives. Ingevity operates in two segments: Performance Chemicals and Performance Materials, providing solutions across various industries.
Ingevity Corporation (NYSE: NGVT) will introduce its new polycaprolactone products, Capa® LT, in a webinar on February 23, 2023, at 11 a.m. ET. Dr. Scott Phillips, Technical Market Development Manager, will discuss the product's applications in various industries, including transportation and aerospace. Capa LT aims to enhance polyurethane performance in low temperatures and reduce reliance on PTMEG technology, which has faced supply challenges. The webinar will include a presentation and Q&A session. Ingevity operates globally with a focus on sustainable solutions across diverse markets.
Ingevity Corporation (NYSE: NGVT) will present its expanded pavement marking product line at the ATSSA 2023 Convention and Traffic Expo in Phoenix, AZ, from February 18-21, 2023. The company showcases its capabilities following the acquisition of Ozark Materials in October 2022, introducing products like GreenLane™ Spray for bike lane markings and ThermoAccel™, a durable thermoplastic that simplifies application processes. This marks Ingevity's debut at the ATSSA event, highlighting its commitment to roadway safety and innovation in traffic solutions.
Ingevity Corporation (NYSE:NGVT) will announce its Q4 and full-year 2022 earnings on
Ingevity Corporation (NYSE:NGVT) announced that its president and CEO, John Fortson, was named one of the 50 Most Influential People of 2022 by Charleston Business Magazine. This recognition highlights his economic and community impact. Fortson, who became CEO in September 2020, emphasized Ingevity's mission to enhance the quality of life in North Charleston. The company was also recognized as America’s Most Responsible Companies of 2023, ranking first in South Carolina and 10th in the chemicals sector. Additionally, Ingevity received an EcoVadis Gold rating for its commitment to ethical business practices.
Ingevity Corporation (NYSE: NGVT) reported third quarter 2022 record sales of $482.0 million, a 27.9% increase year-over-year, driven by strong demand and price increases. Net income surged to $75.4 million, with diluted EPS at $1.98. Adjusted EBITDA also hit a record $138.2 million, up 15.6%, with an adjusted EBITDA margin of 28.7%. Full-year sales guidance was raised to $1.65 billion - $1.70 billion. Share repurchases totaled $49.3 million for the quarter, supporting shareholder returns. The acquisition of Ozark Materials was completed on October 3rd, enhancing market presence.
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