Welcome to our dedicated page for Ingevity news (Ticker: NGVT), a resource for investors and traders seeking the latest updates and insights on Ingevity stock.
Ingevity Corporation (NGVT) delivers specialty chemicals and advanced materials for critical industries ranging from automotive systems to infrastructure development. This news hub provides investors and industry professionals with direct access to official announcements, financial updates, and operational developments from the company.
Track NGVT's latest earnings reports, product innovations in activated carbon technologies, and strategic partnerships across its three core segments. Discover updates on sustainability initiatives, regulatory compliance milestones, and market expansion efforts that shape the company's position in industrial materials.
All content is sourced directly from Ingevity's verified communications, ensuring accuracy for those analyzing market trends or evaluating long-term growth potential. Bookmark this page to monitor how NGVT's pavement preservation solutions, agrochemical additives, and emission control technologies evolve within competitive global markets.
Ingevity Corporation (NYSE:NGVT) has completed the acquisition of Ozark Materials for
Ingevity Corporation (NYSE:NGVT) has rebranded its adsorbed natural gas vehicle business to NeuFuel, signaling a focus on facilitating cost-effective transitions to carbon-neutral fuels for diesel fleets. NeuFuel enables diesel vehicles to run on renewable natural gas, targeting markets such as school buses and delivery trucks. The company emphasizes NeuFuel's unique offer as a pathway to zero emissions for existing diesel vehicles. The product line will also integrate with American CNG’s DEMI Diesel Displacer™ for enhanced dual-fuel capabilities.
Ingevity Corporation (NYSE:NGVT) has launched its Capa® polyols production in the U.S., marking the first production of high-performance caprolactone polyols domestically. This expansion at the DeRidder, Louisiana facility increases global capacity for polyols by 40%. The investment includes enhanced storage capacity, facilitating bulk shipments to U.S. customers. The company aims to meet rising demand and improve service levels for its growing customer base. Ingevity operates globally with a focus on sustainable solutions in Performance Chemicals and Materials.
Ingevity Corporation (NYSE:NGVT) has achieved a gold sustainability rating from EcoVadis, placing it in the top 3% of the specialty chemicals sector. This advancement from a silver rating in 2021 to gold in 2022 signifies a commitment to sustainability. Key initiatives include launching a solar panel system in China, releasing an energy policy, and endorsing corporate sustainability practices by the United Nations Global Compact. The company is dedicated to enhancing its impact on the environment and society.
Nexeon has successfully completed a funding round, raising a total of US$170 million with an additional US$50 million from commercial investments. This capital will enhance its manufacturing capabilities for silicon-based anode materials, crucial for rechargeable Lithium-ion batteries. The round included participation from strategic investors like Ingevity Corporation (NYSE: NGVT) and others, reflecting strong endorsement for Nexeon's technology. Nexeon aims to meet growing demand in the electric vehicle market, targeting mass production of its battery materials.
Ingevity Corporation (NYSE: NGVT) reported record sales of $419.9 million for Q2 2022, a 17.2% increase year-over-year. Net income rose by 35.0% to $59.8 million, with diluted EPS increasing from $1.10 to $1.54. Adjusted EBITDA was $121.1 million, yielding a margin of 28.8%. The company announced a $325 million acquisition of Ozark Materials and a $60 million investment in Nexeon Limited. Despite high performance in Performance Chemicals, Performance Materials faced a 2.9% sales decline due to supply chain disruptions.
Ingevity Corporation (NYSE:NGVT) has invested $60 million to acquire an equity stake in Nexeon Limited, a leader in silicon-based anode materials for electric vehicle (EV) batteries. This investment aims to boost Ingevity's presence in the EV market and enhance its activated carbon business. The funding will support the development of Nexeon’s NSP-2 silicon anode technology, which reportedly offers four times the energy density of conventional graphite anodes, improving EV battery performance.
Ingevity Corporation (NYSE:NGVT) has announced its agreement to acquire Ozark Materials, LLC and Ozark Logistics, LLC for $325 million in cash. This acquisition, pending regulatory approval, is expected to close by early Q4 2022. Ozark Materials, a key player in pavement marking materials, is projected to generate $150 million in revenue with an EBITDA margin of 20% in 2023. Ingevity anticipates the deal will be immediately accretive to its earnings per share, enhancing its position in the paving construction industry.
Ingevity Corporation (NYSE:NGVT) has elected William Slocum and Shon Wright to its board of directors effective July 25, 2022. This transition follows the retirement of Michael Fitzpatrick, who has served since the company's inception in 2016, effective July 26, 2022. Slocum brings experience from Inclusive Capital Partners, while Wright has a strong background with Cummins Incorporated. Both new members are expected to enhance the board's expertise and contribute to Ingevity's future direction.
Ingevity Corporation (NYSE:NGVT) will release its second quarter 2022 earnings on August 2, 2022, after market close. A live webcast discussing the results will occur on August 3, 2022, at 10:00 a.m. Eastern. Investors can access the webcast from Ingevity’s website. For those unable to attend live, a recording will be available from 2:00 p.m. Eastern on the same day until August 2, 2023. Ingevity operates globally in Performance Chemicals and Performance Materials sectors, focusing on sustainable solutions.
