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Ingevity Corporation

Ingevity Corporation

NYSE•NGVT
CEO: Mr. Luis Fernandez-Moreno
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 2016-05-03
Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for food, water, beverage, and chemical purification applications. The Performance Chemicals segment consists of road technologies and industrial specialties. This segment's products are used in pavement construction, pavement preservation, pavement reconstruction and recycling, road markings, agrochemical dispersants, paper chemicals, and other industrial uses. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices. It serves automotive parts and components manufacturers through sales representatives and distributors. The company was formerly known as WestRock Company, Specialty Chemicals Business and changed its name to Ingevity Corporation in September 2015. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.
Contact Information
4920 O'Hear Avenue, Suite 400, North Charleston, SC, 29405, United States
843-740-2300
www.ingevity.com
Market Cap
$2.14B
P/E (TTM)
-9.9
19.1
Dividend Yield
--
52W High
$61.77
52W Low
$28.49
52W Range
91%
Rank44Top 40.4%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$333.10M-11.62%
4-Quarter Trend

EPS

$1.20-140.68%
4-Quarter Trend

FCF

$117.80M+313.33%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Continuing Operations Loss Narrows Nine-month loss from continuing operations improved to ($71.5M) versus ($141.0M) prior year, largely due to lower goodwill impairment charges.
Strong Operating Cash Flow Cash provided by operating activities totaled $234.1M for nine months, a $170.0M increase driven by divestiture-related cash movements.
Net Sales Volume Decline Nine-month Net sales decreased 2.6% to $912.5M; volume declined 4% offset by favorable pricing and foreign exchange.
Debt Reduction Progress Total debt including finance leases decreased to $1,263.9M as of September 30, 2025, down from $1,405.2M at year-end 2024.

Risk Factors

Tariff Impact on Demand Volume declined 13% in nine months due to tariff impacts; Advanced Polymer Technologies sales expected down mid-teens for full year.
Legal Judgment Liability BASF litigation judgment liability remains accrued at $94.4M as of September 30, 2025, pending appeal resolution.
Discontinued Operations Loss Discontinued operations recorded a $11.0M loss for nine months, reflecting ongoing restructuring and wind-down costs.
Labor Contract Expiration CBA for Covington, VA plant expires December 1, 2025, posing risk of work stoppages or unfavorable terms.

Outlook

Divestiture Closing Expected Industrial Specialties Divestiture is expected to close by early Q1 2026, marking a major strategic shift in operations.
2025 Sales Guidance Revised Full-year 2025 Net sales outlook revised to a range between $1.25B and $1.35B, inclusive of discontinued operations.
Total EBITDA Guidance Set Total Adjusted EBITDA outlook for 2025 revised to $390M to $405M, reflecting continued segment pressures.
Performance Chemicals Margin Performance Chemicals segment expects full-year EBITDA margins in the high-single to low-double digit range.

Peer Comparison

Revenue (TTM)

Companhia Siderúrgica NacionalSID
$7.96B
+4.0%
The Chemours CompanyCC
$5.87B
+2.1%
Huntsman CorporationHUN
$5.78B
-3.5%

Gross Margin (Latest Quarter)

WD-40 CompanyWDFC
54.7%
+0.6pp
Ingevity CorporationNGVT
37.8%
+6.2pp
Quaker Chemical CorporationKWR
36.6%
-0.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WDFC$2.76B30.336.6%1.9%
ASH$2.70B-3.2-37.8%32.1%
KWR$2.41B-268.0-0.7%31.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.7%
Moderate Growth
4Q Net Income CAGR
37.9%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 16, 2026
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EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $333.10M-11.6%
    |
    EPS: $1.20-140.7%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $365.10M-6.5%
    |
    EPS: $-4.02-48.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $284.00M-16.5%
    |
    EPS: $0.56-136.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $1.41B-16.9%
    |
    EPS: $-11.85-7800.0%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $376.90M-15.5%
    |
    EPS: $-2.95-521.4%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $390.60M-18.9%
    |
    EPS: $-7.81-896.9%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $340.10M-13.4%
    |
    EPS: $-1.54-213.2%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $1.69B+1.4%
    |
    EPS: $-0.15-102.7%
    Miss