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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) 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.
Ingevity Corporation (NYSE:NGVT) has appointed Christine Stunyo as chief human resources officer, effective June 27, 2022. Stunyo brings over 20 years of HR experience, previously serving at Host Hotels & Resorts as senior vice president. She will lead global HR efforts focusing on organizational development, talent management, and cultural initiatives. CEO John Fortson highlighted Stunyo's expertise in enhancing diversity and inclusion, emphasizing the importance of a strong employee experience. Ingevity operates in performance chemicals and materials, with a commitment to sustainability.
Ingevity Corporation (NYSE:NGVT) has published an environmental product declaration (EPD) for its Evotherm® M1 Warm Mix Asphalt technology, establishing itself as the first chemical additive supplier included in the National Asphalt Pavement Association's Emerald Eco-Label tool. The EPD highlights compliance with environmental standards by assessing the cradle-to-gate impacts of manufacturing.
Studies show that Evotherm M1 offsets greenhouse gas emissions from its production by 18 to 23 times, promoting sustainability in asphalt production.
Ingevity Corporation (NYSE: NGVT) announced that its Capa® thermoplastic grades received the OK biodegradable MARINE certification from TÜV Austria. This certification signifies that Capa thermoplastics biodegrade entirely in marine environments within four weeks, preventing microplastic formation. With applications in bags, films, and packaging, Capa becomes one of the few bioplastics with this certification, addressing marine waste pollution. Ingevity supports global recycling efforts and aims for sustainable solutions, with additional certifications confirming Capa's environmental benefits.
Ingevity Corporation (NYSE: NGVT) reported impressive first-quarter results for 2022, achieving record net sales of $382.8 million, a 19.5% increase year-over-year. The company recorded net income of $60.8 million and EPS of $1.55, up 24.8%. Adjusted EBITDA reached $119.0 million, up 12.9% with a margin of 31.1%. In addition, Ingevity raised its full-year 2022 guidance for sales to $1.525 billion to $1.65 billion and adjusted EBITDA to $430 million to $470 million. Despite inflationary pressures, strong end-market demand allowed the company to increase prices effectively.
Ingevity Corporation (NYSE:NGVT) announced a study by Environmental Resources Management highlighting its lignin-based Polyfon® H dispersant's carbon negative properties. The study reveals that Polyfon offsets greenhouse gas emissions, boasting a carbon footprint 122% lower than traditional fossil carbon-based products. It captures 2.2 metric tons of biogenic CO2 while releasing only 1.46 MT during manufacturing. Additionally, Post-application, this biogenic carbon is expected to remain in soil for over 100 years, supporting sustainability goals in the agriculture sector.
Ingevity Corporation (NYSE: NGVT) will release its first quarter 2022 earnings on May 4, 2022, after market close. A live webcast to discuss the results will take place on May 5, 2022, at 10:00 a.m. Eastern. Access to the call can be made through the company's investor website. Ingevity specializes in products that purify and enhance sustainability across various sectors, operating in Performance Chemicals and Performance Materials. The company is headquartered in North Charleston, South Carolina, and employs approximately 1,850 people.
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