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) will release its fourth-quarter and full-year 2021 earnings on February 23, 2022, after market close. A live webcast will follow on February 24, 2022, at 10:00 a.m. Eastern to discuss the results. Interested parties can access the webcast on the company's investor website. Ingevity focuses on products that purify and enhance the environment, operating in two segments: Performance Chemicals and Performance Materials. The company is headquartered in North Charleston, South Carolina, and employs approximately 1,850 people.
Ingevity Corporation (NYSE:NGVT) announced the retirement of Mike Smith, effective March 1, 2022, from his roles as executive vice president and president of Performance Chemicals. Rich White and Steve Hulme will co-lead the Performance Chemicals segment starting January 1, 2022. White will become senior vice president and president of Industrial Specialties, while Hulme will take the role of senior vice president and president of Engineered Polymers. The executive transition is aimed at sustaining growth in the segment.
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.
