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.
About Ingevity Corp (NGVT)
Ingevity Corporation is a leading performance chemicals and materials company headquartered in the United States. The company operates in three primary business segments: Performance Chemicals, Advanced Polymer Technologies, and Performance Materials. Through these segments, Ingevity delivers innovative solutions that enhance the performance, sustainability, and efficiency of its customers' operations across diverse industries, including oilfield services, asphalt paving, automotive, agriculture, and industrial manufacturing.
Performance Chemicals
The Performance Chemicals segment is the largest contributor to Ingevity's revenue. This division specializes in the production and sale of specialty chemicals that serve a wide range of applications. These include asphalt paving, where the company’s products improve road durability and performance; oil exploration and production, where its technologies enhance oil flow and extraction efficiency; and agrochemicals, which support crop health and growth. Additionally, Ingevity's chemicals are used in adhesives, lubricants, and publication inks, demonstrating its broad market reach and versatility.
Advanced Polymer Technologies
The Advanced Polymer Technologies segment focuses on the production of caprolactone and caprolactone-based specialty polymers. These high-performance materials are used in a variety of demanding applications, including coatings, adhesives, sealants, and elastomers. The advanced polymers developed by Ingevity are valued for their durability, flexibility, and ability to meet stringent performance requirements, making them a critical component in many industrial and commercial products.
Performance Materials
The Performance Materials segment is a key player in the automotive sector, producing activated carbon products used in vehicle emissions control systems. These materials help reduce harmful pollutants, contributing to cleaner air and compliance with environmental regulations. Ingevity’s expertise in automotive carbon technologies underscores its commitment to sustainability and innovation in addressing global environmental challenges.
Market Position and Competitive Landscape
Ingevity operates within the highly competitive specialty chemicals and advanced materials industry. Its ability to deliver high-value, niche products tailored to specific customer needs sets it apart from competitors. The company’s geographic focus is primarily on North America, which accounts for the majority of its revenue, although it also serves global markets. By combining technical expertise, innovative product development, and a customer-centric approach, Ingevity has established itself as a trusted partner for businesses seeking to enhance performance and sustainability.
Core Value Proposition
Ingevity’s mission is to purify, protect, and enhance the world around us. The company’s products enable oil to flow better, help crops grow fuller, make roads last longer, and ensure cleaner air. Its commitment to solving complex customer challenges through creativity and resourcefulness highlights its role as a key innovator in its industry. By leveraging its high-performing people, products, and processes, Ingevity drives measurable results for its customers while contributing to a more sustainable future.
Industry Expertise and Innovation
Ingevity’s deep expertise in performance chemicals and materials science, combined with its focus on sustainability and innovation, positions it as a significant player in the specialty chemicals market. The company’s advanced technologies and commitment to quality enable it to address critical challenges across diverse industries, from infrastructure development to environmental protection. Its focus on high-performance, sustainable solutions ensures its relevance and value in an ever-evolving market landscape.
Ingevity Corporation (NYSE:NGVT) reported third quarter 2021 net sales of $376.8 million, reflecting a 13.6% increase year-over-year. The company experienced a net loss of $4.2 million due to an $85 million pre-tax litigation expense. Adjusted earnings reached $64.4 million, with adjusted EPS of $1.62. Adjusted EBITDA was $119.5 million, a decline of 6.3%. The revised full-year guidance for sales is projected between $1.320 billion and $1.360 billion with adjusted EBITDA of $405 million to $420 million. The company cited challenges from the ongoing microchip shortage impacting automotive production.
Ingevity Corporation (NYSE:NGVT) announced plans to enhance caprolactone monomer capacity at its Warrington, U.K. facility, projecting a capacity increase of over 20% within the next year. This expansion aims to meet rising demand for the Capa® portfolio in engineered polymers. The initiative follows previous announcements regarding a new innovation center in Warrington and polyol production expansion in DeRidder, Louisiana. Ingevity's strategic investments in capacity and innovation seek to improve service reliability and customer support globally.
Ingevity Corporation (NYSE:NGVT) will release its third quarter earnings after market close on
Ingevity Corporation (NYSE:NGVT) plans to appeal a jury verdict from September 15, 2021, which ordered them to pay approximately $28 million for alleged anticompetitive practices related to their patent enforcement on automotive gasoline vapor emissions control systems. This amount is subject to tripling under U.S. antitrust law, totaling around $85 million. Despite the verdict, Ingevity does not anticipate immediate commercial impact and asserts confidence in its intellectual property. The company emphasizes that the ruling does not affect other critical patents related to low-emission technologies.
Ingevity Corporation (NYSE: NGVT) announced a live webinar on August 25, 2021, at 10 a.m. (Eastern) to discuss the outlook for the pine chemicals and rosin industry. The webinar aims to educate analysts and investors about industry dynamics and the company's strategic innovations to drive growth. Executive leaders, including CEO John Fortson and CFO Mary Hall, will present and answer questions. A replay will be available after the event. The company, headquartered in North Charleston, South Carolina, specializes in products that purify, protect, and enhance various applications worldwide.
Ingevity Corporation (NYSE:NGVT) reported a strong second quarter 2021, with net sales of $358.4 million, up 32.4% year-over-year. Net income rose to $44.3 million, a significant increase of 119.3%, with a net income margin of 12.4%. Diluted EPS hit $1.10, compared to $0.49 last year. The company generated $65.8 million in operating cash flow, leading to a free cash flow of $41.9 million, up 23.6%. Adjusted EBITDA rose 75.1% to $117.7 million. Ingevity raised its full-year guidance for sales to $1.320 billion–$1.360 billion.
Ingevity Corporation (NYSE:NGVT) will release its Q2 earnings on July 28, 2021. A live webcast is scheduled for July 29, 2021, at 10:00 a.m. (Eastern) to discuss these results. The webcast can be accessed through Ingevity’s website, with a replay available from 2 p.m. the same day until August 26, 2021. The company operates in two segments: Performance Chemicals and Performance Materials, focused on sustainable solutions across various industries, including automotive and agrochemicals.
Ingevity Corporation (NYSE:NGVT) announced a live webinar on June 30, 2021, to explore innovative pathways for activated carbon. This webinar is part of a series aimed at educating analysts and investors on business dynamics and strategic innovations for growth. Key executives, including Ed Woodcock and David Newton, will present, with a Q&A session following. Accessible via Ingevity’s Investor Relations site, the event will also have a replay available from June 30 to July 28, 2021. For further details, a slide deck will be posted prior to the event.
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