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) 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.
Ingevity Corporation (NYSE:NGVT) has received a $256,000 grant from the Pennsylvania Department of Environmental Protection under the 2020 Alternative Fuels Incentive Grant Program. This funding will facilitate the use of renewable natural gas (RNG) and Ingevity's adsorbed natural gas (ANG) vehicle platform across eight fleets in Pennsylvania. The grant will cover half of the costs to equip 28 Ford trucks and vans with ANG technology and install fueling appliances. This project marks the first application of ANG technology in Pennsylvania, supported by local natural gas utilities and commercial partners.
Ingevity Corporation (NYSE:NGVT) will hold a live webinar on May 26, 2021, focusing on the growth opportunities and end uses for its Engineered Polymers business. The event, part of a webinar series, aims to educate analysts and investors about key dynamics influencing the business. Key company executives will be present for discussions and questions. For those unable to attend live, a replay will be available until June 23, 2021. This initiative underscores Ingevity's commitment to transparency and strategic innovation within its operational sectors.
Ingevity Corporation (NYSE:NGVT) reported Q1 2021 net sales of $320.3 million, an 11.1% increase year-over-year. Net income grew 7.5% to $48.7 million, with diluted earnings per share rising to $1.20 from $1.08. Adjusted EBITDA reached $105.4 million, up 14.3%, and the EBITDA margin improved to 32.9%. However, operating cash flow fell 15.1% to $51.1 million. The company raised its fiscal year guidance, now expecting sales of $1.275 billion to $1.325 billion and adjusted EBITDA of $410 million to $430 million.
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